Press release
Digital Agriculture Market is projected to grow at a CAGR of 10.9% from 2021 to 2027 | DTN, Taranis, Farmers Edge, Eurofins, Agriwebb
Global Digital Agriculture Market is valued at USD 5131.9 Million in 2020 and expected to reach USD 10587.6 Million by 2027 with a CAGR of 10.9% over the forecast period1.Get Sample Copy for Digital Agriculture Market Report for 2021 @ https://brandessenceresearch.com/requestSample/PostId/1480
Scope of Global Digital Agriculture Market Report:
Digital agriculture is the use of technology in agriculture such as sensors, AI, UAV, robot, GPS, temperature & moisture detector, etc. to collect, store, analyze data for required action. The technology is not limited to farm but it is expanded to whole value addition chain till output reaches to customer. Digital agriculture is also sometimes known as smart farming or e-agriculture is the result of increasing technological development, shortage of farm labor, changing climate conditions, AND decreasing water level for irrigation, etc.
The continuous income with better standard of living without working in field has led to the urbanization and deployment of technology in farm for day to day activities which will help in improving productivity at low cost and due to the less human resource dependence, efficient processes, timely activities, etc. provides better environment for agriculture. The use of automization such as driverless electric tractor, drone for applying pesticide, and robots for weeding will reduce the carbon footprint & increases the safety. The digital agriculture requires operator to understand and use the technology which would reduce the delays in sowing, plowing, irrigation & product delivery to market. The countries like Israel doesn’t have natural environment for production of crop & hence it uses purified ocean water for irrigation, artificial environment for crop growth and etc.
Global Digital Agriculture Market Segmentation:
Global digital agriculture market report is segmented on the basis of component, application, farm size and region & country level. Based upon component, global digital agriculture market is classified into hardware, software and services. Based upon application, the market is divided into precision farming, live stock monitoring, green house farming, precision forestry, precision aquaculture and others. Based upon farm size, global digital agriculture market is divided into small, medium and large.
By Component:
• Hardware
• Software
• Services
By Application:
• Precision Farming
• Live Stock Monitoring
• Green House Farming
• Precision Forestry
• Precision Aquaculture
• Others
By Farm Size:
• Small
• Medium
• Large
Key Players for Global Digital Agriculture Market Report:
Some of the key players for global digital agriculture market are DTN, Taranis, Farmers Edge, Eurofins, Agriwebb, Climate Corporation, Microsoft, Monsanto, Digital Agriculture Services, IBM, Farmers Edge, SAP, FarmCrowdy, Eka, Bayer, Cargill, Yara International, BASF, Delta & Pine Land, Sunkist Growers and others.
News: IBM Partnered with Solinftec for Raising Standard of Digital Agriculture
February 4th 2021; IBM partnered with Solinftec for providing precision solution to agriculture globally. Unparalleled climate based insight of IBM paired with Solinftec’s artificial intelligence & sophisticated algorithms to provide real time decision making solutions to increase operation efficiency, use of inputs & agricultural compliance which results in reduced environmental impact.
Increasing Demand for Food and Growing Shortage of Farm Labor are the Major Factor Driving the Market Growth
The major factor driving the growth of global digital agriculture market is shortage of labor along with increased demand for food. The increasing world population results in growing demand for more food means increased productivity with reduced cost in limited resources. According to the World Bank, the world population is growing at 1.075% in 2019 which is around 82 million. In addition, the growing shortage of farm labor due to urbanization in the search of consistent income source is also supplementing the demand for digital agricultural offerings. According to World Bank, the urban population growth is at 1.88% whereas for rural it is at 0.072%. Furthermore, increasing scarcity of natural resources such as water, changing climate like greenhouse effect, etc. increases the demand for digital agriculture for efficient use of resources and increased productivity. However, the lack of technical knowledge among individual for effective utilization may hinder the market growth. In spite of that, increasing penetration of technology & electronic devices in the field of agriculture may provide more opportunities for the further growth of the market.
North America is Expected to Dominate the Global Digital Agriculture Market.
The global digital agriculture market is segmented into North America, Europe, Asia-Pacific Latin America and Middle East & Africa. North America is expected to dominate the global digital agriculture market within the forecast period due to its small population lives in rural area, large farm size, highly advanced economy and early adoption of technologically advanced products & solutions. According to Farm Bureau, only 2% of United State population owns farm or ranch. In addition, the region is technologically developed with technically able individuals helps in fast adoption of digital agriculture. Furthermore, the farm size in this region is huge which makes it difficult to manage manually or with less working labor. According to USDA, the average United States farm size in 2019 was 444 acres.
Full Research Report @ https://brandessenceresearch.com/agriculture/digital-agriculture-market
Key Benefits for Global Digital Agriculture Market Report:
• Global Digital Agriculture Market report covers in-depth historical and forecast analysis.
• Global Digital Agriculture Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, Regional and Country Level.
• Global Digital Agriculture Market report helps to identify opportunities in marketplace.
• Global Digital Agriculture Market report covers extensive analysis of emerging trends and competitive landscape.
Digital Agriculture Market By Regional & Country Level:
North America
• U.S.
• Canada
Europe
• U.K.
• France
• Germany
• Italy
Asia Pacific
• China
• Japan
• India
• Southeast Asia
Latin America
• Brazil
• Mexico
Middle East and Africa
• GCC
• Africa
• Rest of Middle East and Africa
Table of Content
1. Chapter - Report Methodology
1.1. Research Process
1.2. Primary Research
1.3. Secondary Research
1.4. Market Size Estimates
1.5. Data Triangulation
1.6. Forecast Model
1.7. USP’s of Report
1.8. Report Description
2. Chapter – Global Digital Agriculture Market Overview: Qualitative Analysis
2.1. Market Introduction
2.2. Executive Summary
2.3. Global Digital Agriculture Market Classification
2.4. Market Drivers
2.5. Market Restraints
2.6. Market Opportunity
2.7. Digital Agriculture Market: Trends
2.8. Porter’s Five Forces Analysis
2.9. Market Attractiveness Analysis
3. Chapter - Global Digital Agriculture Market Overview: Quantitative Analysis
4. Chapter – Global Digital Agriculture Market Analysis: Segmentation By Type
5. Chapter – Global Digital Agriculture Market Analysis: Segmentation By Application
Contact Us:
Alan Ruffalo
Corporate Sales: +44-20380741
Email: sales@brandessenceresearch.com
About Us: Brandessence Market Research and Consulting Pvt. ltd.
Brandessence market research publishes market research reports & business insights produced by highly qualified and experienced industry analysts. Our research reports are available in a wide range of industry verticals including aviation, food & beverage, healthcare, ICT, Construction, Chemicals and lot more. Brand Essence Market Research report will be best fit for senior executives, business development managers, marketing managers, consultants, CEOs, CIOs, COOs, and Directors, governments, agencies, organizations and Ph.D. Students. We have a delivery center in Pune, India and our sales office is in London.
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