With limited and constantly depleting natural resources and reducing arable land due to global urbanization, the need to optimize farm resources in order to produce agricultural commodities optimally is rising by the day. Government across nations globally are actively indulging in developing efficient farm management practices to assist the farming sector in achieving the goal of food self-sufficiency.

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The advent of precision farming in this sector has brought about substantial technological changes by the implementation of Information and Communication Technologies (ICT), Internet of Things (IoT), integration of remote sensing equipment, application of Artificial Intelligence (AI), and predictive analytics in the farming scenario, which have greatly boosted the use of GIS technologies for the purpose of crop monitoring, yield forecasting, irrigation monitoring, pest monitoring, and soil analysis, among others. With the advent of drones in agriculture, the need for drone-compatible GIS software has risen. Numerous GIS software providers are now progressing toward making their solutions compatible with popular brands that offer drones for agriculture.

With rapid market penetration of IoT technology and cloud computing in agriculture, there has been enhancement of agricultural productivity by minimizing manual labor and providing an efficient platform for proper data management of farms. This has resulted in widespread implementation of cloud-based GIS software solutions which helped farmers to reduce the risks in farming and increase overall yield levels. Technology maturation and widespread adoption are the major reasons behind the reported growth of this GIS software type. High cost associated with the on-premise GIS software solutions have restrained the magnitude of uptake of the solution in the market as compared to on-cloud software solution.

North America is one of the pioneers in the creation and adoption of GIS-based solutions. The GIS software solutions are compatible with Global Navigation Satellite System (GNSS), and North America is the first region to come up with its own GNSS system, the Global Positioning System (GPS). This made the usage of GIS software solutions possible for farmers, since the solutions are compatible with GNSS for satellite-based imagery inputs on farmlands.

Europe generated the second highest revenue of $334.1 million in 2018. Large market share of the region has been attributed to the rising need for efficient farming practices in the expansive farmlands of the region to generate profitable crop production. Constantly decreasing farm sizes and the rise in global food demand from limited arable land are factors which are expected to ensure the future market growth. The increase in application of smart farming technologies in most of the countries and extensive government-backed research on agricultural robots are factors expected to propagate further rise in revenue generated through GIS software in agriculture. The Europe market for GIS software in agriculture is expected to witness a growth rate of CAGR 9.33% in the forecast period.

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Although Asia-Pacific Japan has a smaller market share regionally as compared to that of North America and Europe due to the late introduction of agricultural technologies and practices, it is expected to have a considerably fast market growth at a CAGR of 11.17% from 2019 to 2024, owing to the amount of arable land available, dependence of agriculture on the countries for their economic and social growth along with the support by the government in terms of subsidy, regulations, or research.

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