The Digital Agriculture market is experiencing robust growth globally, driven by the convergence of technology and agriculture to enhance productivity, sustainability, and efficiency. Digital agriculture encompasses a wide range of technologies, including precision farming, data analytics, drones, IoT sensors, and artificial intelligence, among others. These technologies enable farmers to make data-driven decisions, optimize resource usage, and improve crop yields. The market is witnessing significant adoption across both developed and developing regions as stakeholders recognize the potential of digital solutions to address the challenges faced by the agriculture industry.
Top Key Players for Digital Agriculture Market:
Deere & Company (U.S.), IBM Corporation(U.S.), CNH Industrial (U.S.), Microsoft Corporation (U.S.), AGCO Corporation (U.S.), Raven Industries (U.S.), COFCO International (Switzerland), Agrofy (South Africa),Eden Farm (Indonesia), HummingBird Technologies (England), Cranswick PLC (U.K) and Other Major Key Players.
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- Brief Introduction to the research report.
- Table of Contents (Scope covered as a part of the study)
- Top players in the market
- Research framework (structure of the report)
- Research methodology adopted by Worldwide Market Reports
Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years.
Market Driver:
One significant driver propelling the Digital Agriculture market is the increasing global population coupled with the growing demand for food. With the world population projected to reach 9.7 billion by 2050, there is immense pressure on the agriculture sector to enhance productivity while minimizing environmental impact. Digital agriculture offers solutions to this challenge by enabling precision farming techniques, such as variable rate application of inputs, remote monitoring, and predictive analytics, thereby optimizing resource utilization and maximizing crop yields. As a result, farmers can meet the rising demand for food sustainably and efficiently.
Market Opportunity:
An emerging market opportunity within the Digital Agriculture sector lies in the integration of blockchain technology. Blockchain has the potential to revolutionize various aspects of agriculture, including supply chain management, food traceability, and transparent transactions. By leveraging blockchain, stakeholders can establish immutable records of transactions, track the journey of agricultural products from farm to fork, and ensure authenticity and quality throughout the supply chain. This presents a significant opportunity for companies to develop innovative blockchain solutions tailored to the specific needs of the agriculture industry, thereby enhancing transparency, trust, and efficiency across the value chain.
Segmentation Analysis of the Digital Agriculture Market:
By Type
· Crop Monitoring
· Artificial Intelligence
· Precision Farming
By Technology
· Peripheral
· Core
By Application
· Field Mapping
· Crop Scouting
· Weather Tracking
· Drone Analytics
· Others
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Regional Analysis of the Digital Agriculture Market:
· North America (US, Canada, Mexico)
· Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
· Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
· Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
· Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
· South America (Brazil, Argentina, Rest of SA)
Key Industry Development:
In November 2022, AGCO Corporation launched a brand new online tool called Geo-Bird to help farmers around the world independently plan and optimize their global navigation satellite system (GNSS) machine guidance lines.
In October 2021, CNH Industrial launched an innovative platform named AGXTEND for digital agriculture solutions in Brazil. AGXTEND develops and provides ground-breaking technologies that allow farmers to extend their efficiency, and sustainability of agribusiness by precision farming, and thereby their economic success.
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