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 undergoing rapid transformation, driven by advancements in technology and increasing demand for sustainable agriculture. Digital farming, also known as smart farming, leverages Internet of Things (IoT) devices, artificial intelligence (AI), and data analytics to optimize agricultural practices. These technologies enable farmers to monitor crop health, soil conditions, and weather patterns in real-time, leading to more precise and efficient use of resources. As a result, farmers can increase yield, reduce waste, and minimize the environmental impact of their operations. The growing adoption of these technologies is fueled by the need to feed a rising global population while addressing challenges such as climate change and shrinking arable land.
The market for digital farming solutions is expanding rapidly, with major investments from both public and private sectors. Key players in the industry are developing innovative tools and platforms that cater to various aspects of agriculture, from precision irrigation systems to automated machinery and drone-based crop monitoring. Additionally, government initiatives and subsidies aimed at promoting smart agriculture are accelerating the adoption of digital farming technologies. As the market evolves, we can expect to see further integration of advanced technologies like blockchain for traceability and machine learning for predictive analytics, making farming more resilient and adaptable to changing conditions .
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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
- YieldMonitoring and Mapping
- oil & Fertilizer Management
- Weather Forecasting
- Smart Irrigation Monitoring System
- Others
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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