The value of the global soil monitoring market is expected to increase from USD 490.85 million in 2021 to USD 1598.78 million in 2030, at a Compound Annual Growth Rate (CAGR) of 13.9% over the forecast period.
The market for soil monitoring systems is primarily being driven by causes such as the rising demand for increased farm output to feed a population that is expanding quickly, as well as the rising acceptance of precision agriculture and fertility control services.
According to report by Spherical Insights, “Rising government initiatives and farmer understanding of sustainable agriculture methods are attributable to the expanding deployment of soil monitoring systems.”
Based on segmentation in regions, the report stated, “North America is estimated to hold the largest share of the market during the predicted time frame.
“Because of the big pandemic scenario in the region, North America is expected to hold the highest share of the market during the forecasted time frame.”
Additionally, throughout the projected period, the soil monitoring market is expected to grow most quickly in the Asia Pacific region. Farmers can increase agricultural productivity by using technology more effectively by better utilizing soil monitoring.
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