Digital Farming Market Poised to Hit $29.61 Billion by 2029 with Accelerating Growth Trends

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Digital Farming Market Size Growth Forecast: What to Expect by 2025?_x000D_
The magnitude of the digital farming sector has expanded rapidly in the past few years. It is projected to burgeon from $15.74 billion in 2024 to $17.73 billion in 2025, experiencing a compound annual growth rate (CAGR) of 12.6%. The unprecedented growth during the historical period is credited to the uptake of precision farming, advancements in detection technologies, utilization of big data in agriculture, governmental efforts and subsidies, as well as enhanced connectivity in rural territories._x000D_
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How Will the Digital Farming Market Size Evolve and Grow by 2029?_x000D_
In the following years, the digital farming market is projected to experience swift expansion. By 2029, it's anticipated to reach $29.61 billion, growing at a compound annual growth rate (CAGR) of 13.7%. The growth during this forecast period is credited to the integration of AI and machine learning, the use of blockchain for supply chain transparency, the implementation of 5G technology, rising food demand, and the adoption of digital twin technology. The foreseeable future will see trends like the application of 5G technology, the emergence of robotic farming systems, the use of digital twin technology, the advent of climate-smart agricultural solutions, and alliances between agtech firms._x000D_
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What Drivers Are Propelling the Growth of Digital Farming Market Forward?_x000D_
The anticipated surge in food consumption is predicted to facilitate the advancement of the digital farming industry. Food comprises chiefly of proteins, carbohydrates, fats, and other nourishments required by organisms for growth, essential operations, and energy production. Digital farming, synonymous with agriculture, is a method employed by farmers to enhance farming efficiency through the use of reliable technological solutions for farm supervision and management. The escalating need for food is resulting in increased application of digital farming techniques to keep up with this demand. For example, a statistical report from The Food and Agriculture Organization, a United Nations-affiliated entity headquartered in Canada and a provider of food and agriculture-related information, suggests that global food production must rise by 70% to fulfill the dietary needs of the global population predicted to surpass 9 billion by 2050. In volume numbers, the food demand is forecasted to reach approximately 10,094 million tons in 2030 and 14,886 million tons in 2050. Consequently, the growing requirement for food drives the burgeoning demand in the digital farming sector._x000D_
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Which Emerging Trends Are Transforming the Digital Farming Market in 2025?_x000D_
The rise of technological advancements is a key trend that is being increasingly observed in the digital farming market. Prominent businesses in this market are concentrating their efforts on innovating new technologies to maintain their market standing. For example, in August 2022, Israel's CropX Technologies, an agricultural analytics business that develops cloud-based software focusing on water and energy conservation, introduced a new feature that incessantly observes salt and nitrogen transitions in the soil, known as the continuous nitrogen leaching monitoring capability. This allows farmers to enhance yield and boost the health of plants and soil by closely tracking and lessening the environmental impacts of nitrogen leaching. CropX's technology integrates real-time soil sensor data on soil moisture, temperature, and electric conductivity (EC), along with custom algorithms that are developed and lab-tested by an internal team of agronomists. The information is subsequently displayed on the dashboard of the CropX farm management system for easy viewing and documentation._x000D_
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What Are the Key Segments in the Digital Farming Market?_x000D_
The digital farmingmarket covered in this report is segmented - _x000D_
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1) By Component: Hardware, Software, Other Components_x000D_
2) By Technology: AI Or ML Or NLP, IoT, Blockchain, Big Data And Analytics_x000D_
3) By Infrastructure: Sensing And Monitoring, Communication Technology, Cloud And Data Processing, Telematics Or Positioning, End-Use Components_x000D_
4) By Application: Yield Monitoring, Field Mapping, Crop Monitoring, Livestock Monitoring, Real Time Safety Testing, Soil Monitoring, Precision Farming_x000D_
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Subsegments:_x000D_
1) By Hardware: Sensors And IoT Devices, Drones And UAVs, Automated Machinery, GPS And Mapping Tools,_x000D_
2) By Software: Farm Management Software (FMS), Data Analytics Platforms, Crop Monitoring And Forecasting Software, Precision Agriculture Software_x000D_
3) By Other Components: Communication Technologies, Data Storage Solutions, Integration Platforms_x000D_
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Who Are the Key Players Shaping the Digital Farming Market's Competitive Landscape?_x000D_
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 _x000D_
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What Geographic Markets Are Powering Growth in the Digital Farming Market?_x000D_
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._x000D_
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