Digital Farming Market Research on Future Trends and Demands with Projected Industry Growth 2027

Digital Farming Market

The latest research study published by Reports and Data titled Global Digital Farming Market provides a thorough assessment of the market. The Digital Farming Market size is forecast to exceed USD 13.41 billion by 2027 in terms of remuneration, from USD 4.53 billion in 2019, delivering a CAGR of around 14.5% through the forecast period. It studies the existing market scenario by evaluating crucial aspects influencing the growth of the Digital Farming sector. By examining the data collected from primary and secondary methodologies, the Digital Farming Market Report predicts the future progress of the Digital Farming Market based on accurate estimations. Furthermore, the Digital Farming Market report offers actionable insights into the future growth of the market based on inputs from industry experts to help readers formulate effective strategies. The Digital Farming Market report also applies analytical tools such as SWOT Analysis and Porter’s Five Forces Analysis to study key factors of the Digital Farming Market.

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Digital farming, which is also referred to as ‘Farming 4.0’, stems from developments in several different farming technologies, such as data capture, analysis, machine learning, connectivity, satellites, robotics, drones, automation, and sensors. Smart farming technology facilitates the efficient use of resources such as land, fertilizers, water, seeds, and others to improve the overall quality and quantity of farm produce.

Drones are witnessing high adoption in farming practices for applications including soil and field analysis, crop health assessment, monitoring crops and livestock, monitoring field moisture levels, applying biological control organisms, pesticide spraying, and aerial planting of seeds.

From precision farming to greenhouse farming, livestock monitoring, connected devices & software all contributes to vital applications of farming. Growing usage of information technology in agriculture will boost digital farming market share. Moreover, growing focus on industry players to extract data from farmers and then use this to direct product choices, imbibing farmers into the value chain, and making them technologically dependent will also reinforce digital farming market trends through 2027.

 Leading manufacturers profiled in the report are:

Key players operating in the global Digital Farming Market include Vodafone Group PLC, Trimble Inc., Salt Mobile SA, Accenture, Deere & Company, IBM, Epicor Software Corporation, Hexagon, Monsanto Company, Bayer Cropscience Limited, Syngenta, AgGateway, Aglytix Inc., CropX Inc., Farmers Business Network (FBN), BASF SE, and DigitalGlobe.

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In market segmentation by Component, the report covers-

  • Hardware
  • Software
  • Others

In market segmentation by applications, the report covers the following uses-

  • Precision Farming
  • Live Stock Monitoring
  • Green House Farming
  • Others

Market Segmentation

The global Digital Farming Market is also studied based on leading segments, and examines dominant product and application segments in detail. The report aims to help readers benefits from the growth prospects existing in the market in the global Digital Farming Market. It offers key information on drivers and restraints influencing the leading segments in the global Green House Farming industry.

The major regions in the global Digital Farming Market mapped in the report are as follows:

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Chile
    • Argentina
    • Rest of Latin America
  • Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of MEA

Key point summary:

  • Report Coverage: It includes information pertaining to vendors, product offerings in the global Digital Farming Market, report timeline, and objectives of the study. Furthermore, this section highlights market segments included in the report based on types, applications, end-user industries, and regions.
  • Executive Summary: It offers extensive historical analysis, competitive landscape, regional analysis, CAGR, key trends, drivers, constraints, growth opportunities, risks, as well as other micro- and macro-economic indicators.
  • Company Profiles: This section gives extensive profiles of the dominant players in the Digital Farming Market on the basis of their value, volume, production capacity, product portfolios, and other vital aspects.

Key highlights of the Global Digital Farming Market Report:

  • Detailed market scope, structure, and dynamics, and estimated growth.
  • Assessment of prevalent strategies in the market.
  • In-depth analysis of recent events and technological advancements.
  • Detailed market segmentation analysis.
  • Competitive landscape.

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Conclusively:

Key factors operating in the Digital Farming Market are quantitatively and qualitatively assessed to study the global and regional markets. This market report gives actionable insights and other valuable data about the overall market to provide an exhaustive study based on market drivers and restraints to project future growth.

Thank you for reading our report. For further details or to inquire about customization, please let us know and we will offer you the report as per your needs.

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