Forecasted market size of precision farming worldwide 2018-2023

This statistic shows the forecasted market value of precision farming worldwide in 2018 and 2023. The market value of precision is expected to grow from approximately 5.09 million U.S. dollars in 2018 to 9.53 billion U.S. dollars by 2023.

Forecasted market value of precision farming worldwide in 2018 and 2023

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Sources

Release date

May 2018

Region

Worldwide

Survey time period

As of 2018

Supplementary notes

* Estimated.
**Forecasted.
The source adds the following information: "Precision farming is an approach to farm management that uses IoT (Internet of Things) and information and communication (ICT) technologies to optimize returns and ensure the preservation of resources."
Figures have been rounded

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