Digital Farming Market - Detailed Analysis of Current and Future Industry Figures till 2027 | Vodafone, Trimble, Salt Mobile SA, Accenture, Deere and Company, IBM, Epicor, Hexagon, Monsanto Company, Aglytix

“Digital Farming Industry” Research Report provides future market assessment comprising; drivers, trends, opportunities, market forecasts, key data points, and competitive landscape for prominent players operating in the Digital Farming Market.

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.

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.

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The reports cover key developments in the Digital Farming market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from Digital Farming market are anticipated to lucrative growth opportunities in the future with the rising demand for Digital Farming market in the global market.

Key Players Influencing the Market

• Vodafone Group PLC
• Trimble Inc
• Salt Mobile SA,
• Accenture
• Deere and Company
• IBM
• Epicor Software Corporation
• Hexagon
• Monsanto Company
• Aglytix Inc.

The “Global Digital Farming Market Analysis to 2027” is a specialized and in-depth study of the technology, media and telecommunications industry with a special focus on the global market trend analysis. The report aims to provide an overview of Digital Farming market with detailed market segmentation by component, deployment type, industry vertical, and geography. The global Digital Farming market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Digital Farming market players and offers key trends and opportunities in the market.

The global Digital Farming market is segmented on the basis of component, application. On the basis of component, market is segmented as hardware, software, others. On the basis of application, market is segmented as precision farming, live stock monitoring, green house farming, others.

Besides this, the report analyzes factors affecting Digital Farming market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions considered in the Global Digital Farming Market report.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Digital Farming market based on the type and application. It also provides market size and forecast till 2027 for overall Digital Farming market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

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Answers that the report acknowledges:

• Market size and growth rate during forecast period.
• Key factors driving the Digital Farming Market.
• Key market trends cracking up the growth of the Digital Farming Market.
• Challenges to market growth.
• Key vendors of Digital Farming Market.
• Detailed SWOT analysis.
• Opportunities and threats faces by the existing vendors in Global Digital Farming Market.
• Trending factors influencing the market in the geographical regions.
• Strategic initiatives focusing the leading vendors.
• PEST analysis of the market in the five major regions.

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This release was published on openPR.