Digital Farming Market Size Estimated to Observe Significant Growth by 2025
Read Report Overview:
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.
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.
Obtain the Brochure of the Report:
Rising population and increasing demand for food are prominent factors driving the digital farming market. Moreover, the growing demand to efficiently deal with pests, weeds, and other diseases is encouraging farmers to digitize their farm. In developing regions, cheaper internet data and strong penetration of smart devices (especially smartphones) are driving the digital farming market. Active participation of governments in digitizing farms through investment is also driving the digital farm market. For instance, in October 2017, the Government of Karnataka (a state in India) signed a memorandum of understanding (MoU) with Microsoft Corporation to empower small farm holders with technology oriented solutions to improve productivity.
High initial capital and limited awareness regarding digital farming are major concerns that are likely to restrain the market. Difficulties faced by farmers in using software, as well as data usage concerns among farmers are other prominent challenges in the market. However, the digital farming market creates numerous opportunities for solution providers. Market players can further improve their existing software, hardware, and services to cater to these problems. Advancements in predictive analytics is projected to be another opportunity for the market. Predictive analytics tools and software can help farmers take better decisions related to various farming activities. Moreover, digitally connecting farmers, suppliers, and consumers do away with the need for middlemen, thereby creating a win-win situation for all.
Request Report TOC:
The digital farming market can be segmented based on component and application. In terms of component, the market includes hardware, software, and services. Based on application, the digital farming market includes precision farming, livestock monitoring, greenhouse framing, and others.
Key players operating in the digital farming market include Monsanto Company, Bayer Cropscience Limited, Deere & Company., Accenture PLC, Syngenta, AgGateway, Aglytix Inc., CropX Inc., Farmers Business Network (FBN), BASF SE, and DigitalGlobe.
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
US Office Contact
90 State Street, Suite 700
Albany, NY 12207
USA – Canada Toll Free: 866-552-3453
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Digital Farming Market Size Estimated to Observe Significant Growth by 2025 here
News-ID: 1562659 • Views: 299
More Releases from Transparency Market Research
Voltage Detectors Market – Evolving Technology Trends and Industry SWOT Analys …
The global voltage detectors market includes large number of players. Some of the key players are Texas Instruments, Toshiba, ROHM Semiconductor Sharp Microelectronics, Analog Devices Inc., STMicroelectronics, ON Semiconductor, Torex Semiconductor, Taiwan Semiconductor and Seiko Instruments. Browse Our Report @ https://www.transparencymarketresearch.com/voltage-detectors-market.html Voltage Detector is a testing equipment generally used to determine the existence or absence of an electrical charge in an object. It is highly suggested for conditions where power issues exist.
Switched Capacitor Filters Market : Key Segments, Maket Insights, Regional Outlo …
Major players in the global switched capacitor filters market are Texas Instruments Incorporated, Analog Devices, Inc., Maxim Integrated, Inc., Siemens AG, Eaton Corporation, and among others. Browse Our Report @ https://www.transparencymarketresearch.com/switched-capacitor-filters-market.html A switched capacitor filter is an active filter based on the consideration that a switching of capacitors between two circuit nodes at an adequately high rate that is equivalent to a resistor connecting these two nodes. The switched capacitor filters are
Current Calibrator Market : Recent Industry Developments And Growth Strategies A …
Key players operating in the global current calibrator market include Valhalla Scientific, Rotek Inc., Time Electronics, PCE Instruments, Martel Electronics, AOIP Instrumentation, Extech Instruments, Yogokawa Test & Measurement Corporation, Extech Instruments, REED Instruments, Fluke Corporation, and others. These players are actively focusing on organic and inorganic growth strategies in order to gain a competitive advantage in the market. Some of the important strategies adopted by the leading players in the
Damp Meter Market – Outlook by Responsible Drivers, Restraints, Demand
Key players operating in the global damp meter market include PCE Instrument, Delmhorst Instrument Co., GENERAL TOOLS & INSTRUMENTS LLC, FLIR Systems, Inc. designs, Panomex Inc., These players are actively focusing on organic and inorganic growth strategies in order to gain a competitive advantage in the market. Some of the important strategies adopted by the leading players in the global market are collaborations, partnerships, agreements, and new product launches. The
More Releases for Digital
Innovations in sciences and technological advances will drive the development of different types of sensors. The demand for sensors in industries is increasing as they offer various advantage such as low cost and low power consumption. Publisher’s market study identifies the developments in sensor technologies and communication devices to be one of the primary growth factors for the digital twin market. Also, these sensors aid in enterprise mobility, remote monitoring,
DIGITAL FANTASY SPORTS
The #1 Fantasy Sports Cryptocurrency Dedicated to the Building the Ultimate Arcade for the Fantasy Sports Industry Emerging technologies and platforms are shaping the fantasy sports industry today in ways we could have only imagined a decade ago. Players are joining the sports fantasy scene by the thousands, introducing more games and exciting the fan base worldwide. With the expansion and the magnetism of the cryptocurrency technology, players and fans are benefiting from more earnings,
Digital Currency & Cryptocurrency – A New Digital Future
Digital currency, also known as Digital money, is a type of unregulated, digital money, which is issued and usually controlled by its developers, and used and accepted among the members of a specific Digital community. The Financial Crimes Enforcement Network (FinCEN), a bureau of the US Treasury, defined Digital currency in its guidance published in 2013. In 2014, the European Banking Authority defined Digital currency as “a digital representation of
TrendSights Analysis: Digital Consumption: Understanding digital culture
"The Report TrendSights Analysis: Digital Consumption: Understanding digital culture provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.biz" The overall time spent consuming digital content has already surpassed all other media sources altogether (TV, radio, print), which represents a new shift in the way consumers are engaging with digital consumption. In order not to be excluded from the digital world, brands are developing
How the company CryptoTec is contributing to the creation of a new world Cologne, 07 March 2016 Digitalisation is spreading to more and more areas of our lives. Take photography as an example: within a decade, it underwent a complete digital transformation. And, as Telekom has announced, landlines will be phased out by 2018 as well and will be fully replaced by IP telephone services. Digitalisation and the Internet are changing
Berlin local and digital
A10 shopping centre in Berlin: Wallpaper is an attractive wall covering for the retail trade Bückeburg, 7 November 2012 - Visual attractions are a proven means of drawing customers into shops. As a result the operator of the A10 shopping centre in Berlin chose customised printable Erfurt CA wallpaper from Neschen. ECE took the decision to use wallpaper and in particular the Erfurt CA wallpaper at an early stage. "As