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 rapid growth, driven by the increasing adoption of advanced technologies such as IoT, AI, and big data analytics in agriculture. These technologies enable farmers to optimize their operations through precise monitoring and management of crops, soil, and livestock. Smart sensors and connected devices provide real-time data on various parameters like soil moisture, temperature, and crop health, allowing for more informed decision-making. This shift towards data-driven farming not only enhances productivity but also promotes sustainability by reducing resource wastage and minimizing the environmental impact of agricultural practices.
Moreover, the integration of digital platforms and software solutions in farming is transforming traditional agricultural practices. Farmers are now using mobile apps and cloud-based platforms to manage their farms more efficiently. These tools facilitate better planning, forecasting, and inventory management, helping farmers to improve yields and profitability. Additionally, the rise of precision farming techniques, such as automated machinery and GPS-guided equipment, is revolutionizing field operations, making them more efficient and less labor-intensive. As a result, the digital farming market is poised for continued expansion, supported by technological advancements and the growing need for sustainable agricultural solutions .
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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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