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Digital Farming Market - Rising Population and Increasing Demand For Food
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Digitization of farming is expected to help feed the growing population. Global population is expected to increase by about 40% and reach 9.6 billion by 2050. Therefore, the overall food production needs to double to meet the rising demand for food. The current production rate, process, and distribution method would not be sufficient to feed the growing population; thus, adoption of new and advanced technology, at various levels of farming, is expected to become vital to meet the growing demand.
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Digital farming in a nutshell is the use of information technology in agriculture. It largely involves the use of connected devices and machinery and other digital technologies to improve yield. From precision farming, livestock monitoring, to greenhouse farming, connected devices and software contributes to all vital applications of farming.
Networked farm sensors monitor the amount of harvested produce in storage. This data provides farmers with an accurate idea about their stock. Drones generate field maps and photos providing vital information about the crop condition. Soil sensors generate report on nutrient content in the soil. Farm robots aid in sowing and harvesting crops. Satellite and mobile radio antennas provide information on weather and other related information.
Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations
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