Cloud Banner

Agriculture And Animal Feed

Image

Global Digital Agriculture Market – Industry Trends and Forecast to 2031

  • Agriculture And Animal Feed
  • Upcoming Report
  • Feb 2024
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Digital Agriculture Market – Industry Trends and Forecast to 2031

Market Size in USD Billion

CAGR - 10.2% Diagram

Diagram Forecast Period 2023–2031
Diagram Market Size (Base Year) USD 15.89 Billion
Diagram Market Size (Forecast Year) USD 34.54 Billion
Diagram CAGR 10.2%

Global Digital Agriculture Market, By Type (Crop Monitoring, Artificial Intelligence, Precision Farming), Company Type (Tier 1-55 %, Tier 2-20%, Tier 3-25%), Designation (C-Level Executives-40%, Directors -35%, Others-25%), Applications (Field Mapping, Crop Scouting, Weather Tracking, Drone Analytics, Financial Management, Farm Inventory Management, Others) - Industry Trends and Forecast to 2031.

Digital Agriculture Market

Digital Agriculture Market Analysis and Size

Farmers are using digital agriculture tools to track the progress of crops in real-time, such as sensors that record the soil condition and temperature when placed on the fields, computer applications such as climate field view, a tool that is programmed to create farming maps and yield maps, and other similar applications. The use of digital technology in agriculture aids in the dissemination of information from suppliers to workers and vice versa, as a result, it aids in the development of strategic partnerships between stakeholders by providing access to training, financial services, and legal services.

Data Bridge Market Research analyzes that the global digital agriculture market is expected to reach USD 34.54 billion by 2031, which is USD 15.89 billion in 2023, registering a CAGR of 10.20% during the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Digital Agriculture Market Scope and Segmentation

Report Metric

Details

Forecast Period

2024 to 2031

Base Year

2023

Historic Years

2021 (Customizable to 2016-2021)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

By Type (Crop Monitoring, Artificial Intelligence, Precision Farming), Company Type (Tier 1-55 %, Tier 2-20%, Tier 3-25%), Designation (C-Level Executives-40%, Directors -35%, Others-25%), Applications (Field Mapping, Crop Scouting, Weather Tracking, Drone Analytics, Financial Management, Farm Inventory Management, Others)

Countries Covered

U.S., Canada, Mexico, Germany, U.K., France, Italy, Spain, Russia, Poland, Switzerland, Netherlands, Hungary, Austria, Norway, Ireland, Turkey, Lithuania, Rest of Europe, China, Japan, India, Australia, South Korea, Singapore, Thailand, Malaysia, Indonesia, Philippines, Vietnam, Rest of Asia-Pacific, Brazil, Argentina, Peru, Rest of South America, South Africa, Saudi Arabia, U.A.E., Israel, Kuwait, Egypt, Rest of Middle East & Africa

Market Players Covered

DTN (U.S.), Farmers Edge Inc. (Canada), Taranis (U.S.), Eurofins Scientific (Luxembourg), AgriWebb (Australia), Monsanto Company (U.S.), Bayer AG (Germany), Deere & Company. (U.S.), Accenture (Ireland), Syngenta AG (Switzerland), AgGateway (U.S.), CropX inc. (U.S.), Farmers Business Network (U.S.), BASF SE (Germany), DigitalGlobe (U.S.)

Market Opportunities

  • Precision agriculture advancements
  • Data-driven farm management
  • Increasing adoption of IoT and AI technologies

Market Definition

Digital farming software is the programmed tools which are developed to optimize and manage farm operations and production activities. The software helps to automate various farm activities such as record management, data storage, monitoring and streamline production activities. Digital farming software maximize yield and revenue related to crops and others using data-driven insights.

Global Digital Agriculture Market Dynamics

Drivers

  • Precision Farming Advancements

Precision agriculture technologies, such as GPS-guided tractors and drones, are driving the digital agriculture market. These technologies enable farmers to optimize resource use, increase crop yields, and reduce production costs, making them a compelling driver for industry growth.

  • Demand for Food Security

The global population is growing, and there is an increasing need to produce more food with limited arable land. Digital agriculture technologies offer solutions for efficient crop management and monitoring, helping meet the demand for food security and sustainable agricultural practices.

Opportunity

  • Data-Driven Decision-Making

The vast amount of data collected through digital agriculture tools provides opportunities for data analytics and insights. Companies can offer data analytics services to farmers, enabling them to make informed decisions regarding crop management, pest control, and resource allocation.

Restraints/Challenges

  • High Initial Investment

The adoption of digital agriculture technologies often involves a significant initial investment in equipment, software, and training. This cost can be a barrier for smaller or resource-constrained farmers, slowing down market penetration.

  • Data Privacy and Security Concerns

The collection and sharing of sensitive farm data, such as crop yields and soil conditions, raise concerns about data privacy and security. Addressing these issues and building trust among farmers and stakeholders is a critical challenge for the digital agriculture market.

This  digital agriculture market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the digital agriculture market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Development

  • In November 2020, TELUS Agriculture, one of the leading participants in the farm industry, announced the launch of a new business unit that will deliver creative and advanced solutions to help the agriculture industry become more digitalized and connected. The service will assist in data analysis and production, efficiency, and better food outcomes.

Global Digital Agriculture Market Scope

The digital agriculture market is segmented on the basis of type, company type, designation and applications. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

  • Crop Monitoring
  • Artificial Intelligence
  • Precision Farming

Company Type

  • Tier 1-55 %
  • Tier 2-20%
  • Tier 3-25%

Designation 

  • C-Level Executives-40%
  • Directors -35%
  • Others-25%

Applications

  • Field Mapping
  • Crop Scouting
  • Weather Tracking
  • Drone Analytics
  • Financial Management
  • Farm Inventory Management
  • Others

Global Digital Agriculture Market Regional Analysis/Insights

The digital agriculture market is analysed and market size insights and trends are provided by country, type, company type, designation and applications as referenced above.

The countries covered in the market report are the U.S., Canada, Mexico, Germany, U.K., France, Italy, Spain, Russia, Poland, Switzerland, Netherlands, Hungary, Austria, Norway, Ireland, Turkey, Lithuania, rest of Europe, China, Japan, India, Australia, South Korea, Singapore, Thailand, Malaysia, Indonesia, Philippines, Vietnam, rest of Asia-Pacific, Brazil, Argentina, Peru, rest of South America, South Africa, Saudi Arabia, U.A.E., Israel, Kuwait, Egypt, and rest of Middle East & Africa.

North America is expected to dominate the market due to the rise in the initiatives taken by the government for the adoption of modern agriculture technologies and developed infrastructure. Furthermore, the occurrence of major key players will further boost the growth of the digital agriculture market in the region during the forecast period.

Asia-Pacific is expected to observe a significant amount of growth in the market due to the several initiatives taken by the government in the advancing countries to encourage the application of modern farming technologies. Moreover, the farmers can also get enough knowledge about how to handle and maintain precision farming equipment with the help of an effective administrative structure which is further anticipated to propel the growth of the digital agriculture market in the region in the coming years.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

The digital agriculture market also provides you with detailed market analysis for every country growth in expenditure for capital equipment, installed base of different kind of products for digital agriculture market, impact of technology using life line curves and changes in regulatory scenarios and their impact on the digital agriculture market. The data is available for historic period 2010-2020.

Competitive Landscape and Global Digital Agriculture Market Share Analysis          

The digital agriculture market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies focus related to digital agriculture market.

Some of the major players operating in the digital agriculture market are:

  • DTN (U.S.)
  • Farmers Edge Inc. (Canada)
  • Taranis (U.S.)
  • Eurofins Scientific (Luxembourg)
  • AgriWebb (Australia)
  • Monsanto Company (U.S.)
  • Bayer AG (Germany)
  • Deere & Company. (U.S.)
  • Accenture (Ireland)
  • Syngenta AG (Switzerland)
  • AgGateway (U.S.)
  • CropX inc. (U.S.)
  • Farmers Business Network (U.S.)
  • BASF SE (Germany)
  • DigitalGlobe (U.S.)


SKU-

Please fill in the below form for detailed Table of Content

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Table

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Figure

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for Infographics

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Please fill in the below form for Research Methodology

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

Please fill in the below form for Available Customization

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

FREQUENTLY ASK QUESTIONS

The Digital Agriculture Market size will be worth USD 34.54 billion by 2031 during the forecast period.
The Digital Agriculture Market Growth rate is 10.20% during the forecast period.
The Demand for Food Security & Precision Farming Advancements are the growth drivers of the Digital Agriculture Market.
The type, company type, designation, and applications are the factors on which the Digital Agriculture Market research is based.
The major companies in the Digital Agriculture Market are DTN (U.S.), Farmers Edge Inc. (Canada), Taranis (U.S.), Eurofins Scientific (Luxembourg), AgriWebb (Australia), Monsanto Company (U.S.), Bayer AG (Germany), Deere & Company. (U.S.), Accenture (Ireland), Syngenta AG (Switzerland), AgGateway (U.S.), CropX inc. (U.S.), Farmers Business Network (U.S.), BASF SE (Germany), DigitalGlobe (U.S.).
Free Sample Report

CHOOSE LICENCE TYPE

  • 7000.00
  • 4800.00
  • 3000.00
  • 8000.00
  • 12000.00

Why Choose Us

Industry Coverage

DBMR works across the globe in multiple industries which equip us with knowledge across verticals and provide our clients with insights not only from their industry but how other industries will impact their ecosystem.

Regional Coverage

Coverage of Data Bridge is not restricted to developed or emerging economies. We work across the globe covering the largest array of countries where no other market research or business consulting firm has ever conducted research; creating growth opportunities for our clients in areas which are still unknown.

Technology Coverage

In today’s world, technology drives the market sentiment, so our vision is to provide our clients insights not only for developed technologies but upcoming and disrupting technological changes throughout the product lifecycle by enabling them with unforeseen opportunities in the market which will create disruption in their industry. This leads to innovation and our clients to come out as winners.

Goal Oriented Solutions

DBMR goal is to help our clients achieve their goals through our solutions; hence we formatively create the most appropriate solutions for our client needs, saving time and efforts for them to drive their grand strategies.

Unparallel Analyst Support

Our analysts take pride in our clients’ success. Unlike others, we believe in working along our clients to achieve their goals with 24 hours analyst support determining the correct needs and inspire innovation through service.

Banner

Client Testimonials