Digital Agriculture Market development, key opportunities, analysis of key players and forecast 2029

 A host of difficulties beset the agricultural and food sectors. With a predicted global population of roughly 9.5 billion people by 2050, food consumption will skyrocket. At the same time, natural resources like fresh water and fertile land are becoming increasingly scarce. Despite the fact that agricultural output is currently sufficient to feed the world, over 600 million people suffer from hunger. For example, increased urbanisation has important implications for food demand and supply patterns. Agriculture is still important for people's livelihoods and jobs. Over 560 million small farms exist worldwide, and agriculture and food production employ 26.7% of the global workforce.

Digital Agriculture Market Report Scope and Research Methodology:

The report's main goal is to provide a comprehensive assessment of the Digital Agriculture  market, which includes major leading stakeholders in the Digital Agriculture    industry. The assessment clearly demonstrates the anticipated market size and trends, as well as the Digital Agriculture  market's historical and current situation.The study includes revenue, market share, production, and sales data for the Digital Agriculture  market. In addition, the research provides Digital Agriculture  market segment trends, investment, and technology, as well as the competition landscape. It also covers an examination of regional and market segmentation, application areas, and market growth strategies. An in-depth research of market segmentation aids in determining current market potential, and the primary segments of the Digital Agriculture  markets are further subdivided. 

The research analyses the Digital Agriculture   market qualitatively and quantitatively from 2022 to 2029 in order to identify the current market opportunities. Porter's five forces research illustrates the ability of Digital Agriculture  industry suppliers and buyers to make profit-oriented business decisions and expand their buyer-supplier network. The Digital Agriculture  market analysis provides unique guidance in thoughtful specifics regarding development aspects, and it was created using a top-down and bottom-up method to ensure accuracy and precision. SMEs professional analysts collected data for the Digital Agriculture   market study using extensive primary and secondary research approaches.  

Digital Agriculture Market Overview:

The research goes into detail about the Digital Agriculture Market's drivers, constraints, technological advancements, product developments, market opportunities, restrictions, growth strategies, and market prospects, as well as the forecast period. The research provides an in-depth examination of the Digital Agriculture  industry, providing key information such as Digital Agriculture  market size, market share, revenue growth, and CAGR from 2020 to 2029.

Digital Agriculture Market size was valued at US$ 16.83 Bn. in 2022 and the total Digital Agriculture revenue is expected to grow at 10.24% from 2023 to 2029, reaching nearly US$ 16.95 Bn.

 

Digital Agriculture Market Dynamics:

Government laws and standards are a major driver of growth in the digital agricultural business in many places. These elements help to create a favourable climate for competitive digital marketplaces and electronic services. There is also a trend towards governments deploying e-services known as e-government, particularly in the fields of health, education, the environment, and employment. Designing and implementing a digital government programme, on the other hand, requires a high level of administrative expertise, and some countries have had varied success. Developing countries typically have the least capabilities to deal with the situation. Success varies by sector, and despite being a vital source of employment in rural areas, the agricultural industry lags in many countries.

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Digital Agriculture Market Regional Insights:

Major countries in each region are included in the report according to their revenue contribution to the Digital Agriculture market. The study includes a region-wise detailed analysis of the Digital Agriculture market. The regions are: 

• North America 
• Asia Pacific 
• Europe 
• Latin America
• the Middle East, and Africa

Digital Agriculture  Market Segmentation:

Precision farming has the highest share of the digital agricultural industry by type, accounting for more than 45% in 2020. During the projection period, this segment is expected to develop at a CAGR of 13.6%. Precision farming is expected to grow in the long run following the COVID-19 pandemic, as it allows farmers to supervise the state of their crops while not being physically present in the field through the use of automation, reducing the need to contact other people, which is critical during these times. This farming, as opposed to traditional gardening practises, is an approach in which inputs are applied in precise amounts to increase average yields.

These methods save time and money by minimising fertiliser and pesticide treatment expenses, as well as pollution by reducing compound consumption. They also aid in the monitoring of soil and plant physical and chemical scenarios, such as electrical conductivity, temperature, evaporation and transpiration, radiation, and moisture, by placing sensors to measure parameters such as electrical properties, nitrates, temperature radiation, and leaves and soil moisture, in order to maintain optimal plant growth conditions. These aspects contribute to higher output with a limited labour force during a pandemic situation with a labour shortage, ensuring a continuous supply of food and thereby ensuring food security.

Predictive farming is analogous to taking medication to address a certain ailment. The solutions are extremely personalised, from the type of crop suitable for a plot to the use of pesticides in certain places. Precision farming reduces production costs and waste by tailoring to the unique needs of each plot. Precision farming makes use of analytical software and sophisticated equipment. Soil testing, plot measuring, weather pattern analysis, and crop analysis are all done precisely with sensor-equipped equipment strategically placed across the fields. To finish, the data is calibrated, and a highly specific and accurate set of practises can be adopted based on the findings.

Digital Agriculture Market Key Players:

Case IH Agriculture
DTN
Conservis Corporation
Raven Industries
Topcon Positioning Systems
Gamaya SA
Easytosee Agtech
AGCO Corporation
Trimble Inc
AgEagle Aerial Systems Inc.
Bayer CropScience AG
Small Robot Company
Microsoft Corporation
IBM Corporation
Hummingbird Technologies Limited
Deere & Company

Key Questions answered in the Digital Agriculture Market Report are: 

• What are the sales, production, consumption, and import and export of Digital Agriculture globally (North America, Europe, Asia-Pacific, South America, Middle East, and Africa)?
• Who are the major players in the Digital Agriculture Industry on a worldwide scale? 
• What is the state of business of Digital Agriculture market players?
• What are the market opportunities and restraints for Digital Agriculture suppliers in the Digital Agriculture industry?
• Which application, end-user, or product category might be looking for new growth opportunities? What is each types and applications Digital Agriculture market share? 

Key Offerings:

• Market Share, Size & Forecast by Revenue | 2022−2029
• Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
• Market Segmentation – A detailed analysis by segments with their sub-segments and Region 
• Competitive Landscape – Top Key Players and Other Prominent Players

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About Stellar Market Research

Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.

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