Digital Agriculture Market Size & Share to Surpass $10.2 billion by 2032

Introduction
Digital agriculture refers to the use of technology in agricultural practices to improve farming efficiency, crop yields, and food quality. The global digital agriculture market includes the development and implementation of software and hardware technologies, such as sensors, drones, and precision farming equipment, to optimize agricultural processes. These technologies enable farmers to monitor and manage their crops and livestock with greater accuracy, efficiency, and sustainability.

Digital agriculture tools are being used by farmers to track the growth of crops in real-time. These tools include sensors that are placed on fields to track temperature and soil quality, computer programmes like Climate Field view, a tool that creates farming maps and yield maps, and other corresponding programmes. The use of digital technology in agriculture encourages information sharing between stakeholders and makes it easier to forge strategic alliances between suppliers and employees by opening up access to training, financial services, and legal services. The primary factors influencing the digital transformation in agriculture are affordability, connection, availability, and government policies that support digital activities. These factors have an effect on and make it easier for the agricultural sector to accept new technology. The availability of the internet, mobile phones, social media, and digital skills to assist agricultural innovation are additional enabling elements necessary for affecting the sector.

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However, the use of digital technology in agriculture helps spread knowledge from suppliers to the workforce and vice versa by providing access to training, financial services, and legal services. This encourages the growth of strategic alliances amongst the several actors. There are no formal policies governing data ownership, which might cause inequality if larger organisations take advantage of it. As a result, the government must create regulations and rules for the use of agricultural information and services by outside service providers.

Market Definition
Farmers are using digital agriculture tools to monitor the development of crops in real time, including sensors that monitor temperature and soil quality when they are placed on the fields, computer programmes like Climate Field view, a tool designed to produce farming maps and yield maps, and other corresponding programmes. By enabling access to training, financial services, and legal services, the use of digital technology in agriculture promotes the exchange of information between stakeholders and facilitates the building of strategic alliances between suppliers and employees.

Market Size and Growth of the Global Digital Agriculture Market
The global digital agriculture market is expected to grow at a compound annual growth rate (CAGR) of 10.4% from 2023 to 2032. The market size was valued at $5.6 billion in 2020 and is projected to reach $10.2 billion by 2025. North America is the largest market for digital agriculture, followed by Europe and Asia-Pacific. The increasing adoption of precision farming techniques and the growing demand for food due to population growth are the major drivers of market growth.

The Digital Agriculture Market - Segmentation
The global Digital Agriculture Platform Market based on Business Channel is segregated into:
• Business to business (B2B)
• Business to Customer (B2C)

The global Digital Agriculture Platform Market based on Product Type is categorized into:
• Perishables
• Non Perishables
• Agri Raw Materials

The Digital Agriculture Platform Market -Regional Analysis
Asia-Pacific is anticipated to dominate the global market for digital agriculture marketplaces throughout the anticipated timeframe. These regions' strong agricultural growth and expanding emphasis on digitization in agriculture are projected to support the development of the digital agriculture market.
The Digital Agriculture Platform Market - Key Market players
The major players in the market are Microsoft, Monsanto, IBM, SAP, Climate Corporation, Eka, Digital Agriculture Services Pty Ltd, Farmers Edge, FarmCrowdy, and Agrofy.

Report scope
Global Digital Agriculture Platform Market: Historical Years- 2018-2021
Global Digital Agriculture Platform Market: Forecast Years- 2022-2030
Global Digital Agriculture Platform Market 2022- USD 14.15 billion
Global Digital Agriculture Platform Market CAGR- 10.15%

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Current Trends in the Global Digital Agriculture Market
The global digital agriculture market is constantly evolving, and new trends are emerging to meet the changing needs of the agriculture industry. Some of the current trends in the market are:
• Precision Farming
Precision farming involves the use of advanced technologies, such as sensors, drones, and GPS systems, to monitor and manage crops with greater accuracy and efficiency. This technology allows farmers to optimize irrigation, fertilizer, and pesticide usage, which can reduce costs and increase crop yields.

• Vertical Farming
Vertical farming is a revolutionary approach to agriculture that involves growing crops in vertically stacked layers, using artificial lighting, temperature control, and hydroponic systems. This technology can produce high-quality crops with minimal water usage and in a smaller space.

• Livestok Monitoring
Livestock monitoring involves the use of sensors and other technologies to monitor the health, behavior, and productivity of livestock. This technology can help farmers detect early signs of disease or stress in animals, which can improve animal welfare and reduce production costs.

Future Prospects of the Global Digital Agriculture Market
The global digital agriculture market is poised for significant growth in the coming years, driven by the increasing demand for food, the need for sustainable agricultural practices, and the rising adoption of precision farming techniques. Some of the key trends that are expected to shape the future of the market are:
• Big Data Analytics
Big data analytics involves the use of data analytics tools to analyze large datasets generated by precision farming technologies. This technology can provide farmers with valuable insights into crop yields, weather patterns, and other factors that can impact crop production, enabling them to make data-driven decisions that optimize agricultural processes.

• Robotics and Automation
Robotics and automation technologies are rapidly advancing, and their adoption in the agriculture industry is increasing. These technologies can perform repetitive and labor-intensive tasks, such as planting, harvesting, and weeding, with greater speed and precision than human labor, reducing production costs and increasing efficiency.

• Blockchain Technology
Blockchain technology is gaining popularity in the agriculture industry as a means of ensuring food safety, traceability, and transparency. This technology can provide a secure and decentralized way of tracking the entire food supply chain, from farm to fork, ensuring that food is produced and distributed in a safe and ethical manner.

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Frequently Asked Question
What is the global demand for Digital Agriculture in terms of revenue?
Which are the prominent players in the market?
At what CAGR is the market projected to grow within the forecast period?
What are the driving factors fueling the growth of the market.
Which region accounted for the largest share in the market?

Conclusion: The Future of Agriculture is Digital
The global digital agriculture market is transforming the agriculture industry by providing farmers with innovative solutions that optimize agricultural processes, increase efficiency, and improve food quality. With the increasing demand for food due to population growth and the need for sustainable agricultural practices, the market is poised for significant growth in the coming years. As the agriculture industry continues to evolve, digital technology will play an increasingly critical role in meeting the world's food needs while ensuring food safety, traceability, and transparency.

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