The global digital farming market size was valued at USD 18,920.0 million in 2023 and is poised to grow at a significant CAGR of 10.4% during the forecast period 2024-2030. It also includes market size and projection estimations for each of the five major regions from 2024 to 2030. The research report includes historical data, trending features, and market growth estimates for the future. Furthermore, the study includes a global and regional estimation and further split by nations and categories within each region. The research also includes factors and barriers to the digital farming market growth, as well as their impact on the market's future growth. The report gives a comprehensive overview of both primary and secondary data.
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The global digital farming market segmentation:
1. by Offering: Advisory Services, Precision Agriculture & Farm Management, Quality Management & Traceability, Digital Procurement, Agri e-commerce, and Financial Services.
2. by Component: Hardware, Software, and Services.
3. by Deployment Type: Cloud and On-premises.
4. by Technology: AI/ ML/ NPL, IoT, Block Chain, and Big data analysis.
5. by Application: Yield monitoring, Field mapping, Crop monitoring, Livestock monitoring, Real-time safety testing, Soil monitoring, and Precision farming.
The primary factors of the digital farming market drivers are the soil monitoring using ai and iot technologies to drive the market. The digital farming market report helps to provide the best results for business enhancement and business growth. It further helps to obtain the reactions of consumers to a novel product or service. It becomes possible for business players to take action for changing perceptions. It uncovers and identifies potential issues of the customers. It becomes easy to obtain the reactions of the customers to a novel product or service. It also enlightens further advancement, so it suits its intended market.
The digital farming market research report gives a comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia Pacific was the largest region in the digital farming market report, accounting for the highest share in 2023. It was followed by North America, and then the other regions.
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The important profiles and strategies adopted by digital farming market key players are Cisco Systems, Inc. (US), IBM Corporation (US), Accenture (Ireland), Microsoft (US), Deere & Company (US), AKVA Group (Norway), Hexagon AB (Sweden), Bayer AG (Germany), AGCO Corporation (US), CNH Industrial N.V. (UK), Topcon Corporation (Japan), KUBOTA Corporation (Japan), CLAAS KGaAmbH (Germany), DeLaval (Sweden), DJI (China), Epicor Software Corporation (US), Vodafone Group PLC (UK), Eurofins Scientific (France), TELUS (Canada), Small Robot Company (England), Gamaya (Switzerland), Precision Hawk (US), Agricultural Consulting Services (US), and Agreena (Denmark)
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