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Digital Agriculture Market Trends

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Report ID: 3786
Published Date: Aug 23, 2024
Report Format: PDF, PPT

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Digital Agriculture Market Trends

Growth Drivers

Increasing Investments in Agribusiness Marketplace
Increasing Government Initiatives to Combat Global Hunger

Challenges

Lack of Digital Agricultural Knowledge amongst Farmers
Disruption in the Agriculture Supply Chain

Digital Agriculture Market: Key Insights

Base Year	2023
Forecast Year	2024–2036
CAGR	13.5%
Base Year Market Size (2023)	USD 23.88 billion
Forecast Year Market Size (2036)	USD 123.87 billion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Browse Key Market Insights with Data Illustration:

Digital Agriculture Market Size & Share, Growth Trends 2036

Author Credits: Nilanjana Ray

Report ID: 3786
Published Date: Aug 23, 2024
Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of digital agriculture is evaluated at USD 26.46 billion.

Digital Agriculture Market size was over USD 23.88 billion in 2023 and is poised to cross USD 123.87 billion by 2036, growing at more than 13.5% CAGR during the forecast period i.e., between 2024-2036. The growing demand for food products, and increasing penetration of digital marketplace in agriculture sector will boost the market growth.

Asia Pacific industry is poised to dominate majority revenue share by 2036, due to increasing penetration of digitalization in the agriculture industry, along with growing government focus on improving agriculture.

The major players in the market are Agrellus, Inc., AGCO Corporation, Trimble, Inc., Hummingbird Technologies, Gamaya SA, Conservis LLC, Raven Industries, Inc., and others.

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