Digital agriculture market is expected to witness CAGR of 10.10% from 2022 to 2029 in the forecast period of 2022 to 2030 and is further estimated to reach USD 28.45 billion by 2029 ,Size, Trends

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 minimizing environmental impact is further anticipated to propel the growth of the 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.

Explore Further Details about This Research Digital Agriculture Market Report

https://www.databridgemarketresearch.com/reports/global-digital-agriculture-market

Digital Agriculture Market Dynamics
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.

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