Press release
Digital Agriculture Market for 5G and IoT (2025-2034): Growth Outlook, Strategic Opportunities, and Revenue Forecasts
Digital Agriculture Market
The market for digital agriculture is poised to register a robust CAGR of 10.4% during 2025-2034. The market was valued at USD 24.16 billion in 2024 and is projected to grow to USD 64.68 billion by 2034.
Market Introduction
Digital agriculture refers to the integration of advanced digital technologies into farming and agricultural practices. It encompasses the use of tools such as GPS mapping, drones, sensors, the Internet of Things (IoT), data analytics, artificial intelligence (AI), and blockchain. These tools collect, monitor, analyze, and manage agricultural data to enhance productivity, sustainability, and decision-making. By leveraging digital farming, farmers can make informed decisions about planting, irrigation, fertilization, pest control, and harvesting. In essence, digital agriculture is transforming traditional farming into a more efficient, data-driven, and sustainable system that addresses modern agricultural challenges.
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Market Drivers
Government Support and Incentives: Governments globally are encouraging digital agriculture through policy frameworks, subsidies, and research funding. These policies reduce the barrier to entry for farmers to adopt smart farming technologies and benefit from improved yields and resource use. Thus, government support and incentives are fueling the digital agriculture market demand.
Rising Smartphone and Internet Penetration: The rising access to smartphones and the Internet, even in remote areas, is another factor driving market expansion. The presence of smartphones and connectivity opens the doors for farmers to adopt advanced technologies that deliver real-time information.
Market Key Players
The digital agriculture market has the presence of several players striving to innovate and offer advanced solutions. A few of the major market participants include:
• Ag Junction Inc.
• AGCO Corporation
• AKVA Group
• BASF
• Cisco Systems
• Deere & Company
• IBM Corporation
• Microsoft Corporation
• Raven Industries Inc.
• Topcon Positioning Systems Inc.
• Trimble Inc.
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Digital Agriculture Market Report Highlights
📚 By component, the solution segment accounted for a larger digital agriculture market share in 2024. These solutions offer real-time insights into crop health, soil conditions, and weather patterns, making them essential for modern farming practices.
📚 The cloud segment, based on deployment is market is expected to experience significant growth in the market as these solutions are cost-effective, scalable, and often updated automatically.
📚 The Asia Pacific market is experiencing significant growth in the global market due to increasing food demand, growing populations, and rising awareness about modern farming methods.
📚 In 2024, North America held the largest share of the digital agriculture market revenue, driven by advanced farming infrastructure and strong technological adoption.
Segmental Analysis
• The market segmentation is primarily based on component, deployment, application, and region.
• By component, the solution segment led the market in 2024. The ability of this segment to offer real-time insights into various aspects of farming makes it essential in modern farming practices.
• Based on deployment, the cloud segment is projected to register the fastest growth from 2025 to 2034. With cloud-based digital agriculture tools, farmers can seamlessly access data and software from anywhere using the internet, making it easier to manage farms remotely.
By Component (Revenue - USD Billion, 2020-2034)
• Solution
• Services
By Deployment (Revenue - USD Billion, 2020-2034)
• Cloud
• On-Premise
By Application (Revenue - USD Billion, 2020-2034)
• Yield Monitoring
• Field Mapping
• Crop Monitoring
• Livestock Monitoring
• Real-Time Safety Testing
• Soil Monitoring
• Precision Farming
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Regional Overview
Digital Agriculture Market, Regional Outlook (Revenue - USD Billion, 2020-2034)
🔹 North America
» Component Outlook
» Solution
» Services
» Deployment Outlook
» Cloud
» On-Premise
» Application Outlook
» Yield Monitoring
» Field Mapping
» Crop Monitoring
» Livestock Monitoring
» Real-Time Safety Testing
» Soil Monitoring
» Precision Farming
🔹 Europe
» Component Outlook
» Solution
» Services
» Deployment Outlook
» Cloud
» On-Premise
» Application Outlook
» Yield Monitoring
» Field Mapping
» Crop Monitoring
» Livestock Monitoring
» Real-Time Safety Testing
» Soil Monitoring
» Precision Farming
✅ FAQs
1. What are the key statistics of the digital agriculture market?
2. What is the projected growth rate of the digital agriculture market?
3. Which region dominated the digital agriculture market in 2024?
4. Who are the major players operating in the digital agriculture market?
5. Which component segment held the largest revenue share in the global digital agriculture market in 2024?
6. Which deployment mode is anticipated to witness substantial growth in the coming years?
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