Digital Agriculture Market Key Players Analysis- Cisco Systems, Inc. (US), IBM Corporation (US), Trimble Inc. (US).

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Digital Agriculture Market Size, Share & Trends Analysis Report By Offerings (Advisory Services, Precision Agriculture & Farm Management, Quality Management & Traceability, Digital Procurement, Agri E-Commerce, And Financial Services), Technology (Peripheral, Core), Operation (Farming & Feeding, Monitoring & Scouting, Marketing & Demand Generation) Type (Hardware, Software, Services), Region, Market Outlook And Industry Analysis 2031"

The Global Digital Agriculture Market is estimated to reach over USD 51.35 billion by 2031, exhibiting a CAGR of 11.55% during the forecast period.

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Digital agriculture leverages advanced technologies such as artificial intelligence (AI), the Internet of Things (IoT), and big data analytics to enhance agricultural productivity and efficiency. It incorporates automated systems, smart crop sensors, and drones to monitor and optimize the use of water, fertilizers, pesticides, and crop health, thereby maximizing yield. The increasing global population and the resulting rise in food demand, coupled with the limited availability of arable land, have intensified the need for innovative agricultural solutions. Digital agriculture has emerged as a key strategy to improve crop monitoring and management, ensuring food security while promoting sustainable farming practices. The growing need to enhance food production to meet rising consumption rates is a significant driver of the rapid expansion of the digital agriculture market.

Additionally, the demand for autonomous agricultural equipment is increasing in several countries due to labor shortages and the need for more efficient farming operations. Innovative irrigation techniques are also being widely adopted in response to growing water scarcity, further driving market growth. Despite these positive trends, the adoption of digital agriculture technology is hindered by the high initial costs associated with acquisition, implementation, and training. These financial barriers may prevent smaller or less economically stable farmers from accessing and adopting advanced agricultural technologies, thereby limiting market penetration in certain regions.

List of Prominent Players in the Digital Agriculture Market:
• Cisco Systems, Inc. (US)
• IBM Corporation (US)
• Trimble Inc. (US)
• Deere & Company (US)
• Epicor Software Corporation (US)
• Hexagon AB (Sweden)
• Bayer AG (Germany)
• AGCO Corporation (US)
• Vodafone Group PLC (UK)

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Market Dynamics
Drivers:
The increasing awareness of the benefits of digital agriculture in enhancing crop yields, coupled with the substantial growth of the global agricultural products and services market, is driving the expansion of the digital agriculture sector. A key factor supporting this growth is the positive impact of technological advancements and innovations, which enable farmers to maximize productivity, reduce losses, and optimize resource utilization. The widespread adoption of precision agriculture technologies is further accelerating the global expansion of the digital agriculture market.

Challenges:
A primary challenge facing the digital agriculture market is the lack of technological expertise and the shortage of skilled professionals, particularly in developing economies. The absence of standardized protocols and guidelines, exacerbated by disruptions such as lockdowns and isolation measures, is expected to hinder market growth. The limited understanding of digital agriculture technologies and the low participation in training programs present significant barriers to the widespread adoption and effectiveness of these solutions. This could impede the potential of digital agriculture to revolutionize the farming sector and improve overall agricultural sustainability and productivity.

Regional Trends:
The North American digital agriculture market is expected to secure a significant share of global revenue and is projected to grow at a strong compound annual growth rate (CAGR) over the forecast period. This growth is supported by the presence of leading agricultural equipment manufacturers and increasing government initiatives and policies aimed at strengthening the agricultural sector. Similarly, Europe holds a substantial market share due to the financial strength of established manufacturers, access to advanced technology, well-developed infrastructure, and efficient supply chains. The presence of an effective regulatory framework and administrative support allows farmers to gain the necessary knowledge and skills to operate and maintain precision farming equipment, thereby driving further market growth in the region.

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Recent Developments:
• In January 2024, Trimble introduced the Connected Climate Exchange, a carbon marketplace. Its goal is to make the agricultural supply chain more sustainable by linking and collecting verifiable data from all points along the chain. The new sustainability solutions from Trimble can help businesses scale their operations while decreasing their carbon footprint, which is crucial for reaching zero-carbon targets.
• In January 2024, Agriculture & Agribusiness Company AGCO launched FarmerCore, a revolutionary worldwide program to provide farmers and dealers with an experience like never before. The new end-to-end distribution model is a significant step forward for AGCO's Farmer-First strategy. It demonstrates their dedication to assisting farmers worldwide in improving their profitability, productivity, and sustainability.

Segmentation of Digital Agriculture Market-
Digital Agriculture Market By Offering-
• Advisory Services
• Precision Agriculture & Farm Management
• Quality Management & Traceability
• Digital Procurement
• Agri e-Commerce
• Financial Services
Digital Agriculture Market By Technology-
• Peripheral Technology
o Platforms
o Apps
• Core Technology
o Automation
o Drones
o Robotics
o AI/ML
Digital Agriculture Market By Operation-
• Farming & Feeding
o Precision Agriculture
o Precision Animal Rearing & Feeding
o Precision Aquaculture
o Precision Forestry
o Smart Greenhouse
• Monitoring & Scouting
• Marketing & Demand Generation
Digital Agriculture Market By Type-
• Hardware
o Automation & Control Systems
 Drones/UAVs
 Irrigation Controllers
 GPS/GNSS
 Flow & Application Control Devices
 Guidance & Steering
 Handheld Mobile Device/Handheld Computers
 Displays
 Harvesters & Forwarders
 Variable Rate Controllers
 Control Systems
 Robotic Hardware
 HVAC Systems
 LED Grow Lights
 Other Automation & Control Systems
o Sensing & Monitoring Devices
 Yield Monitors
 Soil Sensors
 Water Sensors
 Climate Sensors
 Camera Systems
 RFID & Sensors for Precision Forestry
 Temperature & Environment Monitoring Sensors
 pH & Dissolved Oxygen Sensors
 EC Sensors
 RFID Tags & Readers for Livestock Monitoring
 Sensors for Livestock Monitoring
 Sensors for Smart Greenhouse
 Other Sensing & Monitoring Devices
• Software
o On-cloud
o On-premises
o AI & Data Analytics
• Services
o System Integration & Consulting
o Data Collection & Analytical Services
o Connectivity Services
o Assistant Professional Services
o Maintenance & Support Services
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa

About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.

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This release was published on openPR.