Precision Farming Market worth $3,721.27 Billion by 2018

Precision Farming Market worth $3,721.27Precision Farming Market worth $3,721.27 Billion by 2018 PR Newswire DALLAS, December 12, 2013 According to a new market research report "Precision Farming Market by Technology (GPS/GNSS, GIS, Remote Sensing & VRT), Components (Automation & Control, Sensors, FMS), Applications (Yield Monitoring, VRA, Mapping, Soil Monitoring, Scouting) - Global Forecast & Analysis (2013 - 2018)", published by MarketsandMarkets, the overall Global precision farming market will be worth $3,721.27 billion by 2018, at an estimated CAGR of 13.36%. Browse 94 market data tables and 64 figures spread through 327 pages and in-depth TOC on "Precision Farming Market - Global Forecast & Analysis (2013 - 2018)". http://www.marketsandmarkets.com/Market-Reports/precision-farming- market-1243.html Early buyers will receive 10% customization on this report. The ever increasing global food demands and environmental issues have plagued the countries across the globe; there are growing concerns to tackle both the issues, simultaneously. In this challenging situation, precision farming presents a way ahead by offering increasing yields, and at the same time, reducing the wastage and environmental degradation. Precision farming is a technology based in-field management system that optimizes the overall farming practices and input resources.