Digital Farming Software Market is Expected to Reach USD 10,951.59 Million by 2028 Growing with a CAGR of 12.3%

Digital Farming Software Market research report deals with many parameters in depth to satisfy the requirements of business or clients. Depending on client’s demand, huge amount of business, product and market related information has been brought together via this report that eventually helps businesses create better strategies. This market research report identifies and analyses the emerging trends along with major drivers, inhibitors, challenges and opportunities in the market. So, gain thorough analysis of the market structure and forecast of the various segments and sub-segments of the market with this outstanding market report. With the wide ranging Digital Farming Software marketing report, a strong organization can be built which can make better decisions for a successful business.

Digital Farming Software Market report not only provides market segmentation in the most-detailed pattern but also conducts thorough analysis of patents and major market players to provide a competitive landscape. This industry analysis report provides market data even by considering new product development from beginning to launch. The report discusses the recent and future market trends and performs analysis of the impact of buyers, substitutes, new entrants, competitors, and suppliers on the market. This large scale Digital Farming Software Market report broadly encompasses absolute and distinct analysis of the market drivers and restraints, major market players involved in this industry, exhaustive analysis of the market segmentation, and competitive analysis of the key players.

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The digital farming software market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 12.3% in the forecast period of 2021 to 2028 and expected to reach USD 10,951.59 million by 2028. Increasing demand for digital farming software is acting as major factor for the growth of the digital farming software market.

Digital farming software is the programmed tools which are developed to optimize and manage farm operations and production activities. The software helps to automate various farm activities such as record management, data storage, monitoring and streamline production activities. Digital farming software maximize yield and revenue related to crops and others using data-driven insights.

Implementing digital farming software makes daily farming operations more efficient. Also, farmers can lower the cost and can focus on quality production which is increasing the utilization and adoption of digital farming software and acts as a driving factor for the growth of the digital farming software market. There is low adoption rate of digital farming software across some areas due to lack of knowledge about the benefits and trust issues which hinders the growth and acts as a restraining factor for the digital farming software market. Internet of things has the potential to transform agriculture in the coming future. IoT-driven agriculture are paving the way to deliver a more productive and sustainable form of agricultural production which is an opportunity for the growth of the digital farming software market. It has been observed that farmers feel insecure to share their internal farm data with companies for availing the benefits of digital farming software which acts as a challenge for the digital farming software market growth.

This digital farming software  market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the digital farming software market scenario contact Data Bridge Market Research for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.

Digital Farming Software Market Scope and Segmentation:
The digital farming software market is segmented on the basis of component, technology and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

On the basis of component, the digital farming software market is segmented into software and services. In 2021, software segment held larger share in the market owing to factors such as increasing agriculture productivity, growing demand for real-time data management, surging adoption of advance agriculture techniques, vast implementation of precision farming software, focus toward maximum yield production, gathering necessary information about weather conditions and others.
On the basis of technology, the digital farming software market has been segmented into remote sensing, guidance technology, variable rate technology, machine learning, wireless connectivity and others. In 2021, remote sensing segment held the largest share in the market as it supports in detection of crop water stress, classification of crop species, monitoring of weeds and crop diseases and mapping of crop yield.
On the basis of application, the digital farming software market has been segmented into drone analytics, precision farming, agriculture robots, livestock monitoring, greenhouse management, supply chain management, financial management and others. In 2021, precision farming segment held the largest share in the market mainly due to the factors such as farmers’ inclination toward making better food produce and fetch good price, need for improvisation in yield and optimum utilization of available scarce resources.

Digital Farming Software Market Country Level Analysis
North America (United States, Canada & Mexico)
Asia-Pacific (Japan, China, India, Southeast Asian Countries & Australia etc.)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands & Belgium etc.)
Central & South America (Brazil, Argentina, LATAM etc.)
Middle East & Africa (United Arab Emirates, Qatar, Saudi Arabia, Israel & South Africa etc.)

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Leading Key Players Operating in the Digital Farming Software Market Includes:
Some of the major players operating in the digital farming software market are Bayer AG, CropX inc., NETAFIM (a subsidiary Of Orbia), PrecisionHawk, Inc., eAgroop, Lda, EZ Lab srl, Ag Leader Technology, Infosys Limited, FarmFacts GmbH, Yara, Luda.Farm AB, Granular, Inc. (a subsidiary of Corteva), Trimble Inc., Farmer’s Business Network, Inc., DJI, Pix4D SA, Agremo, Farmers Edge Inc., BASF SE, Raven Industries, Inc., AGCO Corporation, Gamaya, DRAGONFLY IT, BayWa AG, Syngenta, Hexagon Agriculture (a subsidiary of HEXAGON), Field Margin Ltd., AeroVironment, Inc., Deere & Company and Topcon among others.

Many product developments are also initiated by the companies worldwide which are also accelerating the growth of digital farming software market.

For instance,
In January 2020, CropX inc. announced acquisition of CropMetrics which is a cloud-based precision irrigation tools provider. Under this acquisition, the company combined CropX and CropMetrics offerings to provide customers with access to a combination of in-soil data, farm management analytics and decision-support tools. This has helped the company to enhance their offerings and their presence in the market.
In September 2020, Raven Industries, Inc. introduced Raven Autonomy for optimizing the operations in ecosystem for precision agriculture farming through VSN connected technology helping the farmer to increase their product portfolio. The company has enhanced its business portfolio through this launch of the product that generates more revenue.

Partnership, joint ventures and other strategies enhances the company market share with increased coverage and presence. It also provides the benefit for organisation to improve their offering for digital farming software through expanded range of size.

How will this Market Intelligence Report Benefit You?
The report offers statistical data in terms of value (US$) as well as Volume (units) till 2027.
Exclusive insight into the key trends affecting the Digital Farming Software industry, although key threats, opportunities and disruptive technologies that could shape the Digital Farming Software Market supply and demand.
The report tracks the leading market players that will shape and impact the Digital Farming Software Market most.
The data analysis present in the Digital Farming Software Market report is based on the combination of both primary and secondary resources.
The report helps you to understand the real effects of key market drivers or retainers on Digital Farming Software Market business.

The 2021 Annual Digital Farming Software Market offers:
100+ charts exploring and analysing the Digital Farming Software Market from critical angles including retail forecasts, consumer demand, production and more
15+ profiles of top producing states, with highlights of market conditions and retail trends
Regulatory outlook, best practices, and future considerations for manufacturers and industry players seeking to meet consumer demand
Benchmark wholesale prices, market position, plus prices for raw materials involved in Digital Farming Software Market type

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