As per a joint study by MarketsandMarkets™ with ABACO Group, digital agriculture in the next five years will have exponential growth – PR Newswire

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–  Europe’s crop monitoring market Is predicted To primarytain 29% of The complete market share by 2026
–  Reaching A worth of $1.5 billion, up by 16.4% over The subsequent 5 years

CHICAGO, June 3, 2022 /PRNewswire/ — ABACO Group, Europe’s main participant in Computer software options for land useful resource administration and administration with a primary Think about precision agriculture and environmental sustainability, companioned with MarketsandMarkets™, a income influence and advisory agency, To raised understand and increase its geographic attain throughout Europe and Latin America. The demand and significance for precision agriculture is rising significantly in EU nations. MarketsandMarkets™ leveraged its Market Intelligence Cloud, KnowledgeStore, To assist ABACO assess the adoption price and market potential For his or her agricultural utilized sciences Inside the goal nations.

As per the findings –

  • Europe primarytains 27% of The worldwide precision agriculture market i.e., $2.1 billion presently and is predicted to be worthd at $4.2 billion by 2026, rising at a CAGR of 14%
  • The crop monitoring market in Europe Is predicted To primarytain 29% of The complete market share by 2026, attaining A worth of $1.5 billion and estimated to develop at 16.4% CAGR over The subsequent 5 years
  • The GIS market in Europe is presently worthd at $2.6 billion and is projected To Obtain $4.7 billion by 2026, rising at a CAGR of 12.6% by 2026. MarketsandMarkets™ professional analysts assisted ABACO with the aggressive benchmarking
  • The regional and nation market sizing and forecast for utilized sciences like GIS, AI & Machine Studying, API, and Agriculture IoT have been furtherly studied. The IoT in Agriculture market in Europe is projected to be worthd at $5.7 billion by 2026, rising at a CAGR of 9.1%

Antonio Samaritani, CEO, ABACO Group said, “It is rather important for us to have a continuously up So far view Of What’s occurring globally Inside the enterprise. The technological panorama is evolving In a brief time, And it’s important that we understand these modifications earlier than they Happen So as that We will accompany our clients on this evolutionary path And convey our expertise outdoors of Europe. The enlargement On the Market for precision agriculture has opened new vistas for ABACO, As a Outcome of of which we might companion with MarketsandMarkets™ to fund a worldwide market research on adoption price and market potential.”

Sandeep Sugla, CEO, MarketsandMarkets™ said, “We’re joyful to have performed An important position in aiding ABACO meet their income progress goals from EU & Latin America markets by serving to them prioritize nations, crafting go-to-market stpricegies to win over rivals and advocate revolutionary reply ideas for accelepriced progress.”

Market Intelligence provided by MarketsandMarkets™ would assist ABACO re-type and re-platform To Wind up to be a Product Firm. The market insights would allow ABACO To maneuver into two instructions – utilized sciences like Augmented Actuality, Knowledge Visualization, Analytics, and Improvements like AI, Deep IoT integration, Distributed ledgers, and Chatbot.

About MarketsandMarkets™

MarketsandMarkets™ is a income influence and advisory agency, offering quantified B2B evaluation to over 10,000 consumers worldwide. Constructed on the ‘GIVE Growth’ precept, we work with a quantity of Forbes Worldwide 2000 B2B corporations – serving to them primarytain related in a disruptive ecosystem – by offering actionable insights on disruptive trfinishs and figuring out blind spots, assessing aggressive panorama in exact-time, and analyzing how these trfinishs are influenceing not solely clients However in addition their clients as properly. Our insights And stpricegies are molded by our enterprise specialists, slicing-edge AI-pohave beend Market Intelligence Cloud, and years of evaluation.

To Search out out extra, go to www.MarketsandMarkets™.com or Adjust to us on Twitter, LinkedIn and Fb.

About ABACO Group

ABACO is Europe’s main participant in Computer software options for land useful resource administration and administration with a primary Think about precision agriculture and environmental sustainability. ABACO has been creating land administration Computer software For 3 many years, with innovation as An factor of their DNA, aimed to anticipate the wants of A quick-evolving market turning Proper into a trusted companion For particular personal enterprise and public our bodies with a stake Inside the Daily problem of sustainable enchancment, traceability, and productiveness.

For extra information https://www.abacogroup.eu/it/index.html or Adjust to us on Linkedin

For further insights contact:
Charu Raizada
VP, Firm Communications
MarketsandMarkets™ INC.
E-mail: [email protected] 
+1-888-600-6441
Visit Our Internet website: https://www.marketsandmarkets.com

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