Press release
Population Growth Driving Digital Agriculture Expansion: A Significant Driver Propelling The Digital Agriculture Market In 2025
Digital Agriculture Market
What Is the Expected Digital Agriculture Market Size During the Forecast Period?
In the past few years, the size of the digital agriculture market has witnessed impressive growth. It is expected to escalate from $14.98 billion in 2024 to $16.25 billion by 2025, rising at a compound annual growth rate (CAGR) of 8.5%. Factors such as the adoption of precision agriculture, the surge of population and food demand, along with climate change concerns have contributed to the growth during the historical period.
The market size of digital agriculture is anticipated to experience considerable expansion in the near future, with predictions estimating an increase to $26.94 billion by the year 2029, which equates to a compound annual growth rate (CAGR) of 13.5%. This growth over the forecast period could be due to several factors, which include 5G connectivity reaching remote areas, government aid and subsidies, global networking, and the widespread availability of data. The period is also predicted to see developments like simulation models and digital twins, improvements in sensor technologies, precision farming methods, incorporation of AI and machine learning in crop cultivation, and the rise of farm management software platforms.
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What Are the High-Growth Segments in the Digital Agriculture Market?
The digital agriculture market covered in this report is segmented -
1) By Type: Crop Monitoring, Artificial Intelligence, Precision Farming
2) By Company Type: Tier 1-55%, Tier 2-20%, Tier 3-25%
3) By Deployment: Cloud, On-Premise
4) By Applications: Field Mapping, Crop Scouting, Weather Tracking, Drone Analytics, Financial Management, Farm Inventory Management, Other Applications
Subsegments:
1) By Crop Monitoring: Remote Sensing: Drones For Crop Surveillance, Soil And Crop Health Monitoring, Yield Prediction Tools
2) By Artificial Intelligence: Machine Learning For Crop Management, Predictive Analytics, AI-Powered Pest And Disease Detection, Automation In Farming Operations
3) By Precision Farming: Variable Rate Technology (VRT), Geographic Information System (GIS) Mapping, Automated Irrigation Systems, Smart Farm Equipment And Machinery
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What Key Drivers Are Expected to Influence Future Digital Agriculture Market Growth?
The increment in the global populace is predicted to escalate the progress of the digital agriculture market in the future. This population surge corresponds to both the discrepancy between births and fewer fatalities, and the difference between more immigrants and lesser emigrants globally or specifically in a country or territory. Both artificial intelligence and the Internet of Things hold the potential to transform agricultural intelligence by amplifying yields and minimizing or mitigating food wastage. In December 2023, The United Nations (UN), a US-based global organization aimed at preserving universal peace and safety, reported that there has been a consistent escalation in the global population. It is predicted to see an addition of nearly 2 billion people in the ensuing 30 years, increasing from the existing 8 billion to approximately 9.7 billion by 2050. This growth progression is tampered with demographic adjustments like an aging population and inconsistent growth rates in varying regions. As a result, this population surge is the driving force behind the advancement of the digital agriculture market.
Which Companies Hold the Largest Share Across Different Digital Agriculture Market Segments?
Major companies operating in the digital agriculture market include Microsoft Corporation, International Business Machines Corporation, Bayer AG, Deere & Company, Cisco Systems Inc., Badische Anilin- und Sodafabrik (BASF), Syngenta AG, Farmers Edge Inc., Yara International ASA, AGCO Corporation, Eurofins Scientific SE, FluroSat Ltd., Trimble Inc., Topcon Positioning Systems Inc., Benson Hill Inc., DTN LLC, Iteris Inc., Raven Industries Inc., Granular Inc., Ag Leader Technology Inc., Deveron UAS Ltd., Arable Labs Inc., Taranis Services Ltd., Descartes Labs Inc., AgJunction Inc., GeoVisual Analytics, AgriWebb Pty Ltd., Conservis Corporation, Hummingbird Technologies Ltd., Gamaya SA, PrecisionHawk Inc., Aerobotics Ltd., AgriWebb Pty Ltd., FarmLogs Inc., Tillable Inc.
What Are the Latest Developing Trends in the Digital Agriculture Market?
Major companies in the digital agriculture industry are leveraging intelligent technologies like generative artificial intelligence to strengthen their market position. Generative AI plays a transformative role in agriculture, using cutting-edge technology to provide real-time information and insights necessary for optimizing crop production and supply chain management. For instance, Cropin Technology Solutions, an agricultural technology firm based in India, launched "Sage" in July 2024. Sage is an agri-intelligence platform, powered by Google Gemini, which uses generative AI to improve crop production and supply chains. It generates a grid-based map of the agricultural landscape, providing options of 3x3 meters, 10x10 meters or 5x5 kilometers, thus providing accurate and fast data. This platform assists companies, seed manufacturers, and governments in making informed decisions regarding cultivation practices, choice of crops, irrigation, climate, and soil, thereby fostering precision and sustainability in agriculture through technologically advanced methods.
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What Are the Emerging Geographies for The Digital Agriculture Market Growth?
North America was the largest region in the digital agriculture market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the digital agriculture 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 Agriculture Market?
2. What is the CAGR expected in the Digital Agriculture Market?
3. What Are the Key Innovations Transforming the Digital Agriculture Industry?
4. Which Region Is Leading the Digital Agriculture Market?
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