Digital Farming Market Size, Global Industry Share, Statistics and Forecast 2020 To 2027 | keyplayers - Syngenta, AgGateway, Monsanto Company, Bayer Cropscience Limited

The Digital Farming market is estimated to be USD 7.0 billion in 2020 and is projected to reach USD 12.8 billion by 2027, at a CAGR of 12.7% between 2020 and 2027. Digital farming or digital agriculture is basically the use of IT in agriculture and it involves applications of connected machinery and other digital agriculture technologies. Digital farming is used to improve overall farm production, to improve financial performance and to help farmers to boost their farms productivity by means of advanced digital technology. Further, involvement of digital technology in farming is an evolution in agriculture sector and has positively impacted the efficiency and sustainability of the farms. Digital farming deals with use of biology and technology together in order to help farmers to do precise farming.

Global digital farming market is anticipated to flourish at a remarkable pace over the forecast period i.e.,2017-2024. Rising world population and rapidly decreasing arable land are some of the major factors which are propelling the growth of global digital farming market in order to improve overall efficiency and production of available arable lands.

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Digital farming is basically a combination of smart machines & connected machines. Further, growing adoption of smart and connected machines in order to improve overall farm yield is a major factor which is predicted to fuel the growth of global digital farming market.

Moreover, rapid introduction of advanced agricultural machines such as unmanned tractors, agricultural robots and agricultural drones are also fuelling the growth of global market of digital farming.
Key players operating in the digital farming market include: Monsanto Company, Bayer Cropscience Limited, Deere & Company., Syngenta, AgGateway, Aglytix Inc., CropX Inc., Farmers Business Network (FBN), BASF SE, and DigitalGlobe.

Segmentation:
Digital farming market has been segmented on the basis of applications, technology, offering, and region. Based on application market is segmented into Yield Monitoring, Crop Scouting, Field Mapping, Weather Tracking & Forecasting, Inventory Management, Farm Labor Management, Financial Management, Others. Based on technology market is segmented into Guidance Technology, Remote Sensing Technology and Variable-Rate Technology. Based on offering market is segmented into Displays, Guidance and Steering Systems, GPS/GNSS Devices, Drones/UAVs, irrigation controllers, Handheld Mobile Devices/Handheld Computers Flow and Application, Control Devices and Others

Regional Analysis:
North America dominated the market for precision farming in terms of revenue in 2020. The region is an early adopter of technologies. Factors such as increasing government initiatives for the adoption of modern agriculture technologies and developed infrastructure have contributed to the high revenue of the regional market. For instance, the National Institute of Food and Agriculture (NIFA)-part of the U.S. Department of Agriculture-conducts geospatial, sensor, and precision technology programs to create awareness among farmers. In partnership with Land-Grand universities, NIFA helps farmers develop robust sensors, associated software, and instrumentation for modeling, observing, and analyzing a wide range of complex biological materials and processes. Furthermore, in November 2016, the Canadian government invested USD 425,000 in Clean Seed Capital Group to enhance and commercialize precision agriculture technology. The goal of this investment was to reduce the excessive use of fertilizers and pesticides. With the help of these funds, the company also developed CX-6 SMART Seeder for farmers.

Asia Pacific is expected to witness significant growth over the forecast period. The region is expected to witness a CAGR of over 15% from 2020 to 2027. Numerous government initiatives are being undertaken in developing countries such as India, Sri Lanka, and Nigeria to encourage the implementation of modern precision farming technologies, thereby maximizing productivity. China and Israel signed a trade agreement in September 2017 worth USD 300 million to facilitate the export of environment-friendly Israeli technology to China. Moreover, an effective administrative framework is also enabling farmers to gain adequate knowledge of the proper use and maintenance.

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Table of Content
Chapter 1. Executive Summary
Chapter 2. Research Methodology
Chapter 3. Market Outlook
Chapter 4. COVID-19 Impact On Digital Farming Market
Chapter 5. Global Digital Farming Market Overview, By Application, 2015 - 2027(USD Million)
Chapter 6. Global Digital Farming Market Overview, By Technology, 2015 - 2027(USD Million)
Chapter 7. Global Digital Farming Market Overview, By Offering, 2015 - 2027(USD Million)
Chapter 8. Global Digital Farming Market Overview, By Geography, 2015 - 2027(USD Million)
Chapter 9. North America Digital Farming Market Overview, By Countries, 2015 - 2027(USD Million)
Chapter 10. Europe Digital Farming Market Overview, By Countries, 2015 - 2027(USD Million)
Chapter 11. Asia Pacific Digital Farming Market Overview, By Countries, 2015 - 2027(USD Million)
Chapter 12. Middle East & Africa Digital Farming Market Overview, By Countries, 2015 - 2027(USD Million)
Chapter 13. South America Digital Farming Market Overview, By Countries, 2015 - 2027(USD Million)
Chapter 14. Competitive Landscap0065
Chapter 15. Key Vendor Analysis
Chapter 16. Digital Farming Market Cost Analysis
Chapter 17. Sourcing Strategy and Downstream Buyers
Chapter 18. Marketing Strategy Analysis, Distributors/Traders
Chapter 19. Market Effect Factors Analysis
Chapter 20. Future Outlook of the Market
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