The global digital agriculture market is estimated to be worth USD 18.0 billion in 2022. It is expected to reach USD 29.8 billion by 2027, growing at a CAGR of 10.5%

NEW YORK, November 8, 2022 /PRNewswire/ —

The global digital agriculture market is estimated at $18.0 billion in 2022. It should reach $29.8 billion by 2027, at a CAGR of 10.5%, in value terms, between 2022 and 2027. The market is gaining momentum with growing awareness of early adoption of technology due to scarcity global workforce, broader social benefits for farmers and strong demand for agricultural products. products and crop health. Additionally, the growing awareness of farm management using different technologies, real-time monitoring, and remote access to manage day-to-day farming operations is gaining momentum in the digital agriculture market. Major players in the market are striving to provide a lasting solution, either through the launch of new products or through deals such as partnerships and acquisitions. This helps different players to contribute their expertise and meet the growing demands of the digital agriculture market.

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• By technology, the peripheral segment occupies the largest market share during the forecast period.

Based on the technologies, the peripheral segment is estimated to occupy the largest market share during the forecast period. Peripheral technology consists of different aspects such as an input device and an output device, which are integrated with the binary code and the electrical signal, which helps in overall monitoring and getting proper status updates. farm activity.

There are different sensors available such as soil, water and weather. The data available from these sensors allows farmers to constantly check on the farm and make decisions in real time, which greatly improves overall farming operations.

However, concerns about data integrity and security are of concern to farmers and relevant stakeholders.
• By type, the hardware segment is expected to account for the largest market share.

Based on types, the hardware segment accounts for the largest market share and will dominate the market in terms of value during the forecast period. The hardware segment for this study is further categorized into Automation & Control Systems and Sensing & Monitoring Device.

These devices reduce manual labor by monitoring the entire farm in real time. This allows immediate corrective action to be taken and maximizes farm productivity.

By operation, the livestock and feed segment is expected to dominate the market during the forecast period.
Based on operations, the livestock and feed segment accounts for the largest market share in 2022. aquaculture.

Solutions used for monitoring and detection are not included in this rearing and feeding operation. The FAO says we need to produce 70% more food by 2050 to meet the growing world population.

Rising global demand for food and growing emphasis on increasing profitability and production by implementing advanced farming techniques are among a few major factors contributing to the growth of the agriculture and agriculture segment. food in global digital agriculture market.

In terms of offerings, the precision farming and farm management segment is estimated to account for the largest market share.
Based on the offerings, the precision agriculture and farm management segment is estimated to account for the largest market share in the global digital agriculture market and is expected to grow at a significant CAGR. Data management helps all stakeholders in the value chain to monitor all parameters of the farm, which is the key driver for the growth of precision agriculture and farm management.

Additionally, precision farming could be used for a range of applications on a farm, as the technology has helped farmers immensely by improving their profit margins.

North America is the largest market for the digital agriculture market during the forecast period.
North America is the largest region in the Digital Agriculture market, growing with a considerable CAGR between 2022 and 2027. The region is dominated by large-scale, mainly export-oriented operations with an organized distribution chain.

The United States is expected to be the largest digital agricultural market in North America during the forecast period. The increasing level of awareness about the benefits of crop protection and advanced technologies in the region has made farmers know more about improving agricultural yield and productivity, which has boosted the market for digital farming.

Primary breakdown
• By Business Type: Level 1 — 30%, Level 2 — 45%, and Level 3 — 25%
• By designation: Manager — 50%, CXO — 25%, and Executives — 25%
• By region: Asia Pacific – 40%, Europe – 25%, North America — 25%, and Right of way — 10%

The major players profiled in this report are:
• CISCO Systems, Inc. (USA)
• IBM Corporation (USA)
•Accenture (Ireland)
• Deere & Company (USA)
• Trimble INC. (United States)
• DeLaval (Sweden)
• AKVA Group (Norway)
• Hexagon AB (Sweden)
• DJI (China)
• Epicor Software Corporation (USA)
• Vodafone Group PLC. (UK)
• Bayer Cropscience AG (Germany)
• Tiny Robot Company (England)
• Zemdirbiu Konsultacijos UAB (England)
• Raven Industries (USA)
• Gamaya (Swiss)
• AGCO Corporation (USA)
• PrecisionHawk (US)
• Agreena (Denmark)
• Ceres Imaging (USA)
• Farm Advisory Services (US)
• EC2CE (Spain)
• Eurofins Scientific (France)
• Arabic (US)

Research coverage
This report segments the digital agriculture market on the basis of technology, type, operation, supply and region. In terms of information, this research report focuses on different levels of analyzes – competitive landscape, pricing information, segment analysis, and company profiles – which together comprise and discuss basic viewpoints on emerging and high-growth segments of digital agriculture. market, high growth regions, countries, industry trends, drivers, restraints, opportunities and challenges.

Reasons to buy this report
• To have a global vision of the digital agriculture market
• For wide-ranging insights on leading players in this industry, details of their product portfolio and key strategies adopted by them
• To better appreciate the major Countries/Regions in which the Digital Agriculture Market is booming

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