Meeting The Rising Food Demand Through The Growth Of The Digital Farming Market: Key Factor Driving The Growth In The Digital Farming Market

The Digital Farming Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Expected Digital Farming Market Size During the Forecast Period?
The size of the digital farming market has seen a swift expansion in the past few years. The market is projected to increase from $15.74 billion in 2024 to a substantial $17.83 billion in 2025, with a compound annual growth rate (CAGR) of 13.3%. Factors contributing to this growth during the historic period include the adoption of precision agriculture, advancements in sensor technology, the application of big data analytics in the agricultural sector, governmental initiatives and subsidies, as well as improved rural connectivity.

The market size of digital farming is projected to experience significant expansion in the upcoming years, reaching a value of $30.21 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 14.1%. This anticipated growth during the forecast period is largely due to the incorporation of AI and machine learning, the application of blockchain technology for enhanced supply chain visibility, the roll-out of 5g technology, increasing food requirements, and the advent of digital twin technology. The primary trends expected throughout this prediction period include the introduction of 5g technology, the utilization of robotic systems in farming, the emerging digital twin technology, the provision of climate-resilient agricultural solutions, and partnerships among agtech corporations.

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What Are the High-Growth Segments in the Digital Farming Market?
The digital farming market covered in this report is segmented -

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

Subsegments:
1) By Hardware: Sensors And IoT Devices, Drones And UAVs, Automated Machinery, GPS And Mapping Tools,
2) By Software: Farm Management Software (FMS), Data Analytics Platforms, Crop Monitoring And Forecasting Software, Precision Agriculture Software
3) By Other Components: Communication Technologies, Data Storage Solutions, Integration Platforms

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What Key Drivers Are Expected to Influence Future Digital Farming Market Growth?
The digital farming sector's growth is anticipated to be driven by the burgeoning demand for food. The term food refers to a substance primarily composed of protein, carbohydrates, fat, and other nutrients, consumed by organisms to facilitate growth, essential functions, and energy generation. Farmers make use of digital farming or agriculture to boost agricultural productivity through reliable farm management and monitoring technical solutions. As the food demand surges, more and more digital agricultural methods are being embraced to meet this demand. The Food and Agriculture Organization, a Canada-based United Nations body that offers data on food and agriculture, reported that global food production must surge by 70% to cater to the food requirements of the global population, projected to surpass 9 billion by 2050. The demand for food, in terms of volume, is anticipated to reach around 10,094 million tons by 2030 and 14,886 million tons by 2050. Consequently, this escalating demand for food is fueling the need for the digital farming market.

Which Companies Hold the Largest Share Across Different Digital Farming Market Segments?
Major companies operating in the digital farming market are Bayer AG, Syngenta AG, BASF SE, John Deere, Trimble Inc., AGCO Corporation, Raven Industries, Farmers Edge, Taranis, Climate Corporation, Granular, Ag Leader Technology, Topcon Positioning Group, Hexagon Agriculture, Corteva Agriscience, Kubota Corporation, Yara International, CNH Industrial N.V., Monsanto Company, SST Software, AgJunction Inc., Prospera Technologies, FieldView, CropX, PrecisionHawk, FarmLogs, Agroptima, Sentera, Xarvio, Planet Labs

What Trends Are Driving Growth in The Digital Farming Market?
The advent of new technology is a leading trend in the digital farming industry. The major players in this market are focusing on technology innovation as a way to maintain their market standing. For example, in August 2022, CropX Technologies, a cloud-based software producer from Israel that strives to save water and energy, rolled out a feature that constantly monitors nitrogen leaching and salt movement in the soil. This technology will help farmers lessen the environmental impact of nitrogen leaching, augmenting crop yield and bolstering soil and plant health. CropX's innovative solution merges real-time soil sensor data on moisture, temperature, and electric conductivity (EC) with unique algorithms, created and tested in the lab by their internal team of agronomists. This data is then presented for easy viewing and reporting on the dashboard of the CropX farm management system.

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What Are the Emerging Geographies for The Digital Farming Market Growth?
North America was the largest region in the digital farming market share in 2024. The regions covered in the digital farming market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Digital Farming Market?
2. What is the CAGR expected in the Digital Farming Market?
3. What Are the Key Innovations Transforming the Digital Farming Industry?
4. Which Region Is Leading the Digital Farming Market?

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