The Digital Farming Software Market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 12.3% in the forecast period of 2021 to 2028 and expected to reach USD 10,951.59 million by 2028. Increasing demand for digital farming software is acting as major factor for the growth of the digital farming software market.

This digital farming software  market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the digital farming software market scenario contact Data Bridge Market Research for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.

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Digital Farming Software Market Scope and Segmentation:

The digital farming software market is segmented on the basis of component, technology and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

  • On the basis of component, the digital farming software market is segmented into software and services. In 2021, software segment held larger share in the market owing to factors such as increasing agriculture productivity, growing demand for real-time data management, surging adoption of advance agriculture techniques, vast implementation of precision farming software, focus toward maximum yield production, gathering necessary information about weather conditions and others.
  • On the basis of technology, the digital farming software market has been segmented into remote sensing, guidance technology, variable rate technology, machine learning, wireless connectivity and others. In 2021, remote sensing segment held the largest share in the market as it supports in detection of crop water stress, classification of crop species, monitoring of weeds and crop diseases and mapping of crop yield.
  • On the basis of application, the digital farming software market has been segmented into drone analytics, precision farming, agriculture robots, livestock monitoring, greenhouse management, supply chain management, financial management and others. In 2021, precision farming segment held the largest share in the market mainly due to the factors such as farmers’ inclination toward making better food produce and fetch good price, need for improvisation in yield and optimum utilization of available scarce resources.

Digital Farming Software Market Country Level Analysis

  • North America (United States, Canada & Mexico)
  • Asia-Pacific (Japan, China, India, Southeast Asian Countries & Australia etc.)
  • Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands & Belgium etc.)
  • Central & South America (Brazil, Argentina, LATAM etc.)
  • Middle East & Africa (United Arab Emirates, Qatar, Saudi Arabia, Israel & South Africa etc.)

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Leading Key Players Operating in the Digital Farming Software Market Includes:

Some of the major players operating in the digital farming software market are Bayer AG, CropX inc., NETAFIM (a subsidiary Of Orbia), PrecisionHawk, Inc., eAgroop, Lda, EZ Lab srl, Ag Leader Technology, Accenture, Infosys Limited, FarmFacts GmbH, Yara, Luda.Farm AB, Granular, Inc. (a subsidiary of Corteva), Trimble Inc., Farmer’s Business Network, Inc., DJI, Pix4D SA, Agremo, Farmers Edge Inc., BASF SE, Raven Industries, Inc., AGCO Corporation, Gamaya, DRAGONFLY IT, BayWa AG, Syngenta, Hexagon Agriculture (a subsidiary of HEXAGON), Field Margin Ltd., AeroVironment, Inc., Deere & Company and Topcon among others.

Many product developments are also initiated by the companies worldwide which are also accelerating the growth of digital farming software market.

For instance,

  • In January 2020, CropX inc. announced acquisition of CropMetrics which is a cloud-based precision irrigation tools provider. Under this acquisition, the company combined CropX and CropMetrics offerings to provide customers with access to a combination of in-soil data, farm management analytics and decision-support tools. This has helped the company to enhance their offerings and their presence in the market.
  • In September 2020, Raven Industries, Inc. introduced Raven Autonomy for optimizing the operations in ecosystem for precision agriculture farming through VSN connected technology helping the farmer to increase their product portfolio. The company has enhanced its business portfolio through this launch of the product that generates more revenue.

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