Market Projections (2024-2032):

The global Digital Agriculture market was valued at USD 24.11 Billion in 2023 and is projected to grow from USD 27.29 Billion in 2024 and reach USD 73.63 Billion by 2032, exhibiting a CAGR of 13.21% during the forecast period (2024-2032)

Digital agriculture market is a progressive innovation in the area of agriculture and the farming of crops or rearing of animals whereby the use of technology and analysis is embraced. This sector encompasses a broad array of technologies meant for improving agricultural yields output and practices by using digital solutions. Therefore the primary driver of digital agriculture can be identified as the application of data technologies aimed at improving farmers’ decision-making about multiple aspects of farming.

Some of the digital agriculture practices that can be considered key include precision farming which rely on GPS technology, remote sensing and data analytics for field level management. It also helps in applying the inputs which include water, fertilizers and pesticides accurately hence enhancing on crop yield with minimal wastage and pollute effects. Furthermore, managing nutrients in the soil environment, tracking state of the weather and crop, use IOT devices and sensors. These sensors accumulate numerous data that are further sorted for receiving valuable recommendations required for risk forecast and resource management.

One of the recent developments in the field of digital agriculture is the UAV or drone and aerial imagery. Highly-powered cameras and sensors mounted in drones enable the farmers to have a good aerial view of their fields and thus easily inspect and assess the field conditions, crop health and the presence of pests among other aspects. It helps in making better decision and offers opportunity for timely intervention considering from such view point.

Other tools that are central to decision making include; Machine learning and AI also play a significant role in this area providing analytics and models that allow one to predict crop yields, planting dates as well as pest and disease management. These applied technologies can then provide suggestions on better utilisation of farm data, using past data and current trends.

In digital agriculture, block chain implementation is slowly becoming essential, especially in the aspects of supply chain through increasing the efficiency of the tracking process. With the help of block chain, it becomes possible to emerge a trustful distributed ledger of the origins and passes of agricultural products through all the stages up to buying a table.

Further, the key benefit of digital agriculture is that practices it implements are efficient and sustainable as they conform to environment standards. Precision irrigation systems help to use water sparingly while data that is gained through various practices in farming helps in adapting ways of enriching the quality of the soil and decreasing the impact of farming on the environment.

Market Dynamics - Market Drivers

Demand For Optimization Of Farm Management Using Agricultural Services And Software Integration

• A demand that arises from the drive for enhanced efficiency, productivity, and, at the end of the day, sustainability is the optimization of farm management by all means of agri-services and the integration of software into farming. Because of the growing challenges of fluctuating weather conditions, resource limitations, and the ever-growing global population to meet their food requirements, farmers and agricultural businesses are adopting higher levels of advanced software solutions and service adoption. They are technologies that give full packages in data collection, analysis, and decision-making, thus assisting the farmer to manage his operations effectively.
• Agricultural software and services grant precision farming real-time insight into crop and soil conditions, along with weather patterns. This kind of integration allows inputs that is, water, fertilizers, and pesticides to be applied exactly and at the correct rate, thereby optimizing their use and minimizing wastage. Furthermore, these software solutions are able to project the crop yields, detect any possible pest infestation, and recommend the best practices to be adopted during the planting and harvesting cycles in order to improve productivity and reduce losses. Access to other sources of huge pools of data, on the other hand, might include sensors, drones, and satellites for farmers to make appropriate decisions that will lead to operational efficiencies and sustainable practices.

Increase In Initiatives By Government And Key Players

• The expansion in drives by states and central members in the agrarian area is altogether helping the reception of trend setting innovations and practices pointed toward upgrading farm the board and manageability. State run administrations overall are perceiving the basic job of farming in guaranteeing food security, advancing rustic turn of events, and tending to natural difficulties. Accordingly, they are executing approaches and giving subsidizing to help the mix of computerized advancements and imaginative practices in cultivating. These drives frequently incorporate sponsorships for accuracy agribusiness apparatuses, awards for innovative work, and projects intended to further develop rancher admittance to advanced assets.
• Vital participants in the farming innovation industry, including both laid out organizations and new companies, are likewise driving this pattern by putting resources into the turn of events and arrangement of state of the art arrangements. These organizations are joining forces with legislatures, research foundations, and farming associations to propel innovations, for example, savvy water system frameworks, information investigation stages, and independent hardware. Their endeavours are frequently upheld by drives that mean to show the advantages of these innovations through pilot undertakings and contextual investigations, subsequently uplifting more extensive reception among farmers.

Market Opportunities

Increase In Use Of Agriculture-Based Software Via Smartphones

• The rise of agriculture-focused software on smartphones is transforming how farmers run their operations, making advanced technology both accessible and user-friendly. Smartphones have become essential in modern farming, allowing farmers to utilize a variety of agricultural software applications right at their fingertips. This change is fuelled by the widespread availability of mobile devices and better internet connectivity in rural areas, enabling farmers to access real-time information, oversee farm tasks, and make informed choices while on the move.
• Agriculture-related software applications on smartphones provide features like weather forecasts, soil moisture tracking, crop health assessments, and precision farming advice. These applications can connect with sensors and IoT devices in the field, delivering instant access to vital information and analytics. Farmers can utilize these tools to keep an eye on crop conditions, plan irrigation schedules, monitor pest issues, and fine-tune their use of fertilizers and pesticides, all through their mobile devices.

Market Restraining Factors

Large number of fragmented lands in emerging economies

• Among the most significant barriers that have been putting the brakes on agricultural productivity and efficiency across the emerging economies are huge chunks of fragmented lands. Fragmented land holdings can commonly be described as agricultural land that has been divided into small parts, often distributed here and there, mainly because of recent historical land inheritance practices, fast population growth, or socio-economic factors. The fragmentation can discourage the farmers of large-scale farming, and the potential for economies of scale is thus reduced, which inhibits increased technological and modern agricultural practice.
• Small and fragmented plots lead to economic land-use inefficiency and lack of access to modern agricultural inputs and machinery. Such farmers are likely to have operational difficulties with practices like precision farming or mechanized planting and harvesting which require larger and continuous operational areas to be technically efficient. Besides, small size limits the possibility of negotiating input buying agreements in bulk, credit, or insurance, which also tends to constrain productivity.

Segmentation Analysis

The market scope is segmented because of by Infrastructure, by Technology, by Product, by Application.

By Infrastructure

Based on the Infrastructure of the market is segmented into Sensing & Monitoring (Sensors, Cameras), Communication Technology (Short Range, Medium Range, Long Range), Cloud & Data Processing, Telematics/Positioning (GPS/GNSS, GIS, End-Use Components, Hardware/Systems, Software/Apps).

The segments that comprise the infrastructure section of this market, Sensing & Monitoring, which encompasses sensors and cameras, is the largest. This is attributed to the foundational role that sensing and monitoring technologies play in laying the base for effectively practicing many advanced agricultural practices.

Sensing technologies, which operate most types of sensors and cameras, deliver this vital real-time data on soil conditions, crop health, weather patterns, and pest infestations at the right time. This would become critical data in the process of enabling precision farming, which needs high-accuracy information to drive resource use efficiency and optimize crop yields. These devices include sensors for monitoring parameters such as soil moisture and level of nutrients, and cameras equipped with advanced imaging technologies that capture minute details of plant health and growth stages. Last but not least, the integration of such sensing tools into a farm management system enables greater precision in decision-making and enhances overall farm productivity.

By Technology

Based on the Technology of the market is segmented into AI/ML/NLP, IoT, Blockchain, Big Data & Analytics.

Technology segments in AI/ML/NLP, IOT, Block chain, and Big Data & Analytics, AI/ML/NLP—Artificial Intelligence/Machine Learning/Natural Language Processing has turned out to be the champion in the market. This dominance is more or less due to the fact that AI and its associated technologies have been transforming a wide range of applications, from enhancing operational efficiency to driving innovation.

AI and ML algorithms drive data-driven decision-making with advanced predictive analytics and automation that improve a wide range of industry processes. For instance, in agriculture, complex data sets are analysed for actionable insights relevant to crop health, yield prediction, and pest management, eventually optimizing farm management and productivity. Being an element of artificial intelligence, NLP empowers users to interact with computers through speech and text analysis, making it easier to access and utilize sophisticated tools more intuitively.

Regional Snapshots

North America has customarily ruled the market because of its high level mechanical framework, elevated degrees of interest in innovative work, and early reception of imaginative advances. The district's solid presence of driving innovation organizations, combined with significant government support for mechanical progressions, has laid out North America as an innovator in the sending and reconciliation of state of the art arrangements across different areas. This predominance is additionally upheld by the area's strong environment of new businesses, tech goliaths, and scholastic foundations that drive persistent advancement and use of innovations like simulated intelligence/ML, IOT, and Large Information examination.

Asia-Pacific is ready to be the quickest developing locale on the lookout. This development is driven by a few variables, including quick monetary turn of events, expanding interest in innovation framework, and a blossoming working class that is driving interest for cutting edge arrangements. Nations like China and India are taking critical steps in innovation reception, upheld by positive government strategies, enormous scope computerized change projects, and a developing spotlight on shrewd urban communities and modern computerization. The district's tremendous populace, combined with its critical rural area and extending modern base, makes a prolific ground for mechanical developments to thrive.

List of Companies Profiled

• Deere & Company
• Kubota Corporation
• CNH Industrial N.V.
• Hexagon AB
• Topcon Corporation
• CLAAS KGaA mbH
• Trimble
• AGCO Corporation
• AgEagle Aerial Systems
• Bayer AG
• IBM Corporation

Key Industry Developments

• In December 2023, Sonata Software has entered into a partnership with Bayer, which operates in sectors including consumer health, pharmaceuticals, agrochemicals, seeds, and biotechnology. This collaboration will allow Bayer to create new AgPowered services for Microsoft Azure Data Manager for Agriculture. The partnership will facilitate the collection and integration of field activity data by working with top agricultural equipment manufacturers.
• In November 2023, Syngenta Group and CNH Industrial (CNH) have announced the integration of Syngenta's Cropwise digital platform with CNH's agricultural brands. This integration will link Cropwise with CNH's farming equipment and various precision farming systems, creating a dependable and connected data source. The unified platform will streamline the decision-making process for farmers and advisors, providing enhanced insights to improve business operations.
• In March 2023, Tavant has teamed up with Bayer, a leading global provider of agricultural solutions, to create new AgriTech innovations aimed at enhancing crop production and minimizing environmental impact. This collaboration will integrate Internet of Things (IoT) analytics with Artificial Intelligence (AI) and Machine Learning (ML) technologies.

Report Coverage

The report will cover the qualitative and quantitative data on the Global Digital Agriculture Market. The qualitative data includes latest trends, market players analysis, market drivers, market opportunity, and many others. Also, the report quantitative data includes market size for every region, country, and segments according to your requirements. We can also provide customize report in every industry vertical.

Report Scope and Segmentations

Regional Analysis

North America accounted for the highest xx% market share in terms of revenue in the Digital Agriculture market and is expected to expand at a CAGR of xx% during the forecast period. This growth can be attributed to the growing adoption of Digital Agriculture. The market in APAC is expected to witness significant growth and is expected to register a CAGR of xx% over upcoming years, because of the presence of key Digital Agriculture companies in economies such as Japan and China.

The objective of the report is to present comprehensive analysis of Global Digital Agriculture Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.

Digital Agriculture Market Report is also available for below Regions and Country Please Ask for that

North America

• U.S.
• Canada

Europe

• Switzerland
• Belgium
• Germany
• France
• U.K.
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Rest of Europe

Asia-Pacific

• India
• Australia
• Philippines
• Singapore
• South Korea
• Japan
• China
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Mexico
• Argentina
• Peru
• Colombia
• Brazil
• Rest of South America

Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA

Points Covered in the Report

• The points that are discussed within the report are the major market players that are involved in the market such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
• The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analysed 12 years data history and forecast.
• The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.
• Data and information by market player, by region, by type, by application and etc., and custom research can be added according to specific requirements.
• The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.

Key Reasons to Purchase

• To gain insightful analyses of the Digital Agriculture market and have comprehensive understanding of the global market and its commercial landscape.
• Assess the production processes, major issues, and solutions to mitigate the development risk.
• To understand the most affecting driving and restraining forces in the market and its impact in the global market.
• Learn about the Digital Agriculture market strategies that are being adopted by leading respective organizations.
• To understand the future outlook and prospects for the Digital Agriculture market. Besides the standard structure reports, we also provide custom research according to specific requirements.

Research Scope of the Market

• Historic year: 2019- 2022
• Base year: 2023
• Forecast: 2024 to 2032
• Representation of Market revenue in USD Million

Digital Agriculture Market Trends: Market key trends which include Increased Competition and Continuous Innovations Trends: