TECHNOLOGY

Digital Farming Market : A Look at the Industry’s Current and Future State

The Digital Farming Market size was valued at USD 23.90 Billion in 2023 and is expected to grow to USD 65.82 Billion by 2031 and grow at a CAGR of 13.5% over the forecast period of 2024-2031.

The Digital Farming Market is experiencing robust growth as technological advancements continue to revolutionize traditional agricultural practices. Digital farming, or precision agriculture, leverages cutting-edge technologies such as IoT, AI, machine learning, and big data analytics to enhance crop management, optimize resource use, and increase productivity. These technologies enable farmers to collect real-time data on soil conditions, weather patterns, crop health, and pest activity, allowing for more informed decision-making. The increasing adoption of drones, autonomous tractors, and smart irrigation systems further underscores the shift towards more efficient and sustainable farming practices. Governments and private entities are investing heavily in digital farming solutions, recognizing their potential to address the global challenges of food security and environmental sustainability.

Moreover, the integration of blockchain technology in digital farming is gaining traction, offering enhanced transparency and traceability in the agricultural supply chain. Blockchain can ensure the authenticity of organic products, track the journey of food from farm to table, and reduce instances of food fraud. This added layer of trust is particularly appealing to consumers who are increasingly concerned about the origin and quality of their food. As the digital farming market expands, it is also creating new opportunities for startups and tech companies to develop innovative solutions tailored to the unique needs of farmers. These advancements are not only transforming the agricultural landscape but also fostering a more connected and collaborative ecosystem that bridges the gap between technology providers, farmers, and consumers.

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Covid 19 impact analysis:

The latest report is the most recent study that offers 360° coverage of the Digital Farming industry that has been facing the brunt of the adverse economic impact of the COVID-19 outbreak since the beginning of this year. The global health crisis has affected nearly every aspect of the business vertical and led to massive disruptions to the global Digital Farming  market demand and supply chains. Researchers draw predictions for the market scenario in the post-COVID era. The report, additionally, assesses the present market situation and estimates its future outcomes, keeping in mind the impact of the pandemic on the global economic landscape.

Major companies profiled in the market report include

Monsanto Company, Topcon Corporation, Deere & Company, AGCO Corporation, Kubota Corporation, Hexagon AB, CNH Industrial N.V., Bayer Crop Science Limited, Agreena, CLAAS KGaA mbH, Trimble, Agleader, IBM Corporation, AgEagle Aerial Systems and others.

Research objectives:

The latest research report has been formulated using industry-verified data. It provides a detailed understanding of the leading manufacturers and suppliers engaged in this market, their pricing analysis, product offerings, gross revenue, sales network & distribution channels, profit margins, and financial standing. The report’s insightful data is intended to enlighten the readers interested in this business sector about the lucrative growth opportunities in the Digital Farming market.

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It has segmented the global Digital Farming market

by Technology:

  • IoT
  • Blockchain
  • AI/ML
  • Big Data & Analytics

by Infrastructure:

  • Cloud and Data Processing
  • Sensing & Monitoring
  • Communication Technology
  • Telematics/Positioning
  • End-use Components

by Application:

  • Smart Crop Monitoring
  • Yield Monitoring and Mapping
  • oil & Fertilizer Management
  • Weather Forecasting
  • Smart Irrigation Monitoring System
  • Others

Key Points Covered in the Report:

  • A thorough analysis of value and volume at the worldwide, sector, and regional levels is included in the global Digital Farming ‘ market report.
  • The study offers a full business size Digital Farming ‘ from a global point of view through a review of past facts and possible scenarios.
  • Geographically, the Digital Farming of market analysis includes the number of regions and their contrast of revenue.
  • The market analysis focuses on ex-factory costs, output volume, market share & sales for every manufacturer on a company level basis.

Key Reasons to Purchase this Report:

  • A comprehensive study of market size, share and dynamics is a global Digital Farming ‘market research report and a thorough survey of developments in the field.
  • It offers an in-depth overview of revenue growth and an analysis of the total business benefits.
  • In addition to the strategic landscape for commodity pricing and marketing, the Digital Farming ‘ industry research also provides key players.
  • This is a new post covering the latest impact on the target market. The research report addresses the rapidly evolving market climate as well as the initial and future impact assessment.

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