"The Digital Agriculture Market report includes a systematic investment analysis that anticipates upcoming opportunities for market players. The CAGR values provided in the report offer estimations regarding the potential rise or decline in product demand over the forecasted period. The report presents historical data, future forecasts, and a detailed analysis of the market on both global and regional levels. Importantly, the data is sourced exclusively from reliable outlets such as journals, newspapers, company websites, and annual reports, instilling confidence in businesses that rely on this information. An international Digital Agriculture Market business document delves into consumer and supply chain dynamics, offering valuable insights for developing production strategies.
Competitor analysis studies keep the competitive landscape clearly in focus, enabling businesses to formulate or refine their strategies to thrive in the market. A reliable Digital Agriculture Market report also places emphasis on global key manufacturers, market definition, and a comprehensive analysis of the market competition landscape through SWOT analysis. The report sheds light on Growth Opportunity Assessment (GOA), Customer Insights (CI), Competitive Business Intelligence (CBI), and Distribution Channel Assessment (DCA). With granular market information, clients can make effective business decisions, and the Digital Agriculture Market research report serves as a valuable resource in this regard.
Data Bridge Market Research analyses that the digital agriculture market value which was USD 13.17 billion in 2021, is expected to reach the value of USD 28.45 billion by 2029 at a CAGR of 10.10% during the forecast period. There is a growing desire for novel solutions to reduce agricultural waste and increase output while minimising environmental impact is further anticipated to propel the growth of the digital agriculture market.
Explore Further Details about This Research Digital Agriculture Market Report
https://www.databridgemarketresearch.com/reports/global-digital-agriculture-market
Market Definition
Farmers are using digital agriculture tools to track the progress of crops in real time, such as sensors that record the soil condition and temperature when placed on the fields, computer applications such as Climate Field view, a tool that is programmed to create farming maps and yield maps, and other similar applications. The use of digital technology in agriculture aids in the dissemination of information from suppliers to workers and vice versa, as a result, it aids in the development of strategic partnerships between stakeholders by providing access to training, financial services, and legal services.
Report Scope and Market Segmentation
REPORT METRIC
DETAILS
Base Year
2021
Forecast Period
2022 – 2029
Historic Years
2020 (Customizable to 2019 - 2014)
Quantitative Units
Revenue in USD Billion, Volumes in Units, Pricing in USD
Segments Covered
Type (Crop Monitoring, Artificial Intelligence and Precision Farming), Company Type (Tier 1-55 %, Tier 2-20%, Tier 3-25%), Designation (C-Level Executives-40%, Directors -35%, Others-25%)
Countries Covered
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
Market Players Covered
DTN (US), Farmers Edge Inc. (Canada), Taranis (US), Eurofins Scientific (Luxembourg), AgriWebb (Australia), Monsanto Company (US), Bayer AG (Germany), Deere & Company. (US), Accenture (Ireland), Syngenta AG (Switzerland), AgGateway (US), CropX inc. (US), Farmers Business Network (US), BASF SE (Germany), DigitalGlobe (US)
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Drivers:
Rise in the population.
With the fast growing population, it is becoming increasingly difficult to feed the growing population, putting increased strain on agricultural production.
Lack of labour.
Due to urbanisation and the search for a reliable source of income, there is an increasing lack of farm labour.
Growing demand for food.
As the world's population grows, so does the demand for more food, resulting in better productivity at a lower cost in a limited resource environment. According to the World Bank, the global population is expected to expand by 1.075 percent in 2019, reaching roughly 82 million people.
Opportunities
In addition, the growing penetration of technology and electronic devices in the field of agriculture will further provide potential opportunities for the growth of the digital agriculture market in the coming years.
Key Questions Answered In This Digital Agriculture Market Report
What will the Digital Agriculture Market size be in 2030 and what will the growth rate be?
What are the key Digital Agriculture Markettrends?
What is driving this Digital Agriculture Market?
What are the challenges to Digital Agriculture Market growth?
Who are the key vendors in this Digital Agriculture Market space?
What are the market opportunities and threats faced by the key vendors?
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