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The Precision Farming market is expected to reach over USD 19.69 billion by 2031, with a CAGR of 10.0% from 2024 to 2031. This growth is driven by the adoption of advanced technologies, government initiatives, and increasing awareness among farmers. However, limited access to advancements and high initial investment costs pose challenges for small-scale farmers. Opportunities for future expansion include the integration of drones and satellite imagery and the development of affordable solutions for smallholder farmers.
