Global Variable Rate Technology Market to Reach $6.09 Billion by 2027 - BIS Research Study

According to this study, the global variable rate technology market size (in revenue) was $2.02 billion in 2021 and is projected to reach $6.09 billion by 2027.

The following factors are responsible for the increase in demand for variable rate technology:

The detailed study is a compilation of 153 market data tables and 29 figures spread through 236 pages. 

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Existing Competitive Landscape

The extensive market study has included some prominent names established in this market. These companies are further classified into different types.

Company Type 1: Public Companies

Company Type 2: Private Companies 

Company Type 3: Start-Up Companies 

Companies that are not a part of the aforementioned pool have been well represented across different sections of the report (wherever applicable).

Analyst's Take on the Market

According to  Rakhi Tanwar, Principal Analyst, BIS Research, "The U.S. Bureau of Labor Statistics suggests that the employment of agriculture workers is expected to grow only 2% between 2020-2030, which is slower than the average employment growth for all other occupations. Growing labor scarcity in the agriculture industry is one of the major drivers expected to accelerate the demand for variable rate technology in the forecast period. The variable rate technology helps to automate the application of chemicals, fertilizers, irrigation water, and other farm inputs at different rates across the agricultural field without any manual intervention".

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Recent Developments in the Global Variable Rate Technology Market

Why Should You Buy the Report?

Following are some key reasons to buy the report on the global variable rate technology market:

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BIS Research is a global B2B market intelligence and advisory firm focusing on deep technology and related emerging trends which can disrupt the market dynamics in the near future. We publish more than 200 market intelligence studies annually that focus on several deep technology verticals. 

Our strategic market analysis emphasizes on market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters useful in the strategic decision-making for senior management. 

BIS Research offers syndicate as well as custom studies and expert consultations to firms, providing them specific and actionable insights on novel technology markets, business models, and competitive landscape. 

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