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Digital Farming Market expected to be valued worth USD 10.23 billion by 2025 Top Key Players Vodafone, Cisco, Trimble Networks, Salt Mobile, Accenture, IBM
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Digital Farming or digital agriculture is the implementation of IT in agriculture and it basically involves applications connected to machinery and other digital agriculture technologies. Digital Farming is used to improve overall farm production by means of advanced digital technology. The involvement of digital technology in farming is an evolution in agriculture sector and has positively impacted the sustainability and efficiency of the farms. Digital farming covers the use of biology and technology together in order to help farms to do precise farming.
Global digital farming market is expected to grow over the forecast period owning to factors such as rising world population, rapidly decreasing arable land, growing global population, rising need for effective agriculture, rising penetration of advanced technologies in agriculture sector coupled with growing need for high production of grains and vegetables. In addition, increasing population of green farming across the globe is also pushing for the growth of digital farming market.
Growing number of applications for telematics in agriculture is expected to drive the demand for digital farming over the forecast period. Telematics services include usage of tracking devices such as Global Navigation Satellite System (GNSS) to locate the position of the equipment for management purposes. The increasing adoption of new technologies and advanced devices for digital farming is expected to drive the growth of the market. Increasing demand for managed services is another contributing factor to the expansion of digital farming market.
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Geographically, the presence of global digital farming market can be witnessed in five major regions including Europe, North America, Latin America, Asia Pacific and Middle East and Africa. In 2019, North America accounted for the largest share in the global digital farming market and is expected to dominate the market in the forecast period. The growth of the region can be attributed to factors such as high investment in research and development in advanced agriculture techniques and presence of major players in digital farming solutions in the region.
The in-depth analysis of the report provides the growth potential, upcoming trends and statistics of Digital Farming market size & forecast. The report promises to provide state-of-the-art technology of Digital Farming production and industry insights which help decision-makers to take sound strategic decisions. Furthermore, the report also analyzes the market drivers and challenges and competitive analysis of the market.
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