In the recent past, the dynamics of the industry has changed drastically with the rise of disruptive technologies in the field of agriculture. Also, the demand for food grains and agriculture produce has always on the rise due to increasing population. But the shrinking supply of agricultural land, depletion of natural resources and declining workforce creates a gap between the two. Over the years different measures have been adopted to bridge this gap and precision agriculture is one of them. It is a way to manage the agricultural operations with support from technology so that both the soil and crops are nourished with the right nutrients and at the right time. The use of technology in this process ensures that human error does not affect it. According to a market research report, published by the BIS research, titled ‘Global Precision Agriculture Market’ – Focus on Solutions and Application, the market for technological advancement in the agriculture industry is likely to witness an upward trend in the near future.