Digital Farming Market Expected To Reach $23.00 Billion by 2027 | Current Trends and Industry Analysis

Digital Farming Market Size, Growth Rate, And Forecast
The global digital farming market is expected to grow from $12.24 billion in 2022 to $13.97 billion in 2023 at a compound annual growth rate (CAGR) of 14.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The digital farming market is expected to grow to $23.00 billion in 2027 at a CAGR of 13.3%.

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Digital Farming Market Drivers
The rising demand for food is expected to propel the growth of the digital farming market going forward. Food refers to a substance that is mostly made up of protein, carbohydrates, fat, and other nutrients and is used by an organism's body to support development, vital functions, and the production of energy. Digital farming, or agriculture, is used by farmers to increase agricultural productivity by utilizing technical solutions for dependable farm management and monitoring. With the growing demand for food, digital farming methods are increasingly being adopted to sustain this demand.

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Digital Farming Market Segments
1) By Component: Hardware, Software, Other Components

2) By Technology: AI or ML or NLP, IoT, Blockchain, Big Data and Analytics

3) By Infrastructure: Sensing and Monitoring, Communication Technology, Cloud and Data Processing, Telematics or Positioning, End-Use Components

4) By Application: Yield Monitoring, Field Mapping, Crop Monitoring, Livestock Monitoring, Real Time Safety Testing, Soil Monitoring, Precision Farming

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Digital Farming market.

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Digital Farming Market Key Players
Major players in the digital farming market are Trimble Inc., Accentur*e plc., Deere & Company, IBM Corporation, Monsanto Company, Bayer Cropscience Limited, Syngenta AG, BASF SE, AgGateway, Aglytix Inc., CropX Inc., Farmers Business Network (FBN) Inc., DigitalGlobe, Salt Mobile SA, and Epicor Software Corporation.

The Business Research Company's "Global Digital Farming Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.

The Table Of Content For The Digital Farming Market Include:
1. Executive Summary
2. Digital Farming Market Characteristics
3. Digital Farming Market Trends And Strategies
4. Digital Farming Market - Macro Economic Scenario
5. Digital Farming Market Size And Growth
......
26. Africa Digital Farming Market
27. Digital Farming Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Digital Farming Market
29. Digital Farming Market Future Outlook and Potential Analysis
30. Appendix

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