Soil monitoring is the process of monitoring various contents in the soil using various hardware and software. The growing focus of governments towards supporting the sustainable agriculture practices is one of the major factors supporting the growth of soil monitoring market. The soil monitoring market is highly fragmented with the presence of a large number of players operating in the market.
MARKET SCOPE
The "Global Soil Monitoring Market Analysis to 2028" is a specialized and inodepth study with a special focus on the global market trend analysis. The report aims to provide an overview of the soil monitoring market with detailed market segmentation by offering, system type, application, and geography. The report provides key statistics on the market status of the leading soil monitoring market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on offering, the global soil monitoring market is segmented into hardware, software, and services.
- On the basis of system type, the market is segmented into sensing and imagery systems, groundobased monitoring systems, and others.
- Based on application, the market is segmented into agricultural and nonoagricultural.
Drivers
- Growing focus towards preserving the soil quality, stringent government regulations regarding ecological stability, and growing focus towards improving farm productivity are significant factors driving the growth of the soil monitoring market.
- Integration of new technologies such as IoT and analytics in soil monitoring is creating business opportunities for the companies operating in the market.
- High cost of soil monitoring sensors and difficulties in monitoring due to spatial variability of soil might hinder the growth of the soil monitoring market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, AsiaoPacific (APAC), the Middle East and Africa (MEA), and South America. The soil monitoring market by each region is later subosegmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i. e. , drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the soil monitoring market in these regions.
IMPACT OF COVID-19 ON SOIL MONITORING MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, AsiaoPacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the soil monitoring market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from soil monitoring market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the soil monitoring market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Caipos GmbH
- CropX inc.
- Earth Observing System
- Element Materials Technology
- Manx Technology Group
- METER Group, Inc.
- Sentek Technologies
- SGS SA
- Stevens Water Monitoring Systems Inc.
- The Toro Company