Digital Farming Market Analysis

  • Report ID: 440
  • Published Date: Oct 10, 2024
  • Report Format: PDF, PPT

Digital Farming Market Analysis

Application (Yield Monitoring & Mapping, Smart Crop Monitoring, Smart Irrigation Monitoring, Soil & Fertilizer Management, Livestock Monitoring, Green House Farming, Weather Forecasting)

The digital farming market is segmented and analyzed for demand and supply by application segment into yield monitoring & mapping, smart crop monitoring, smart irrigation monitoring, soil & fertilizer management, livestock monitoring, greenhouse farming, weather forecasting, and others. Out of these, the smart crop monitoring segment is expected to hold the highest growth over the forecast period owing to the surge in lack of natural resources, increasing ratio of crop failure, intensifying water shortage, and rise in soil degradation across the globe. According to a report by the Food and Agricultural Organization of the United Nations, over 90% of Earth's soil is estimated to be degraded by 2050, up from the current 33% degradation rate.

Our in-depth analysis of the global digital farming market includes the following segments:

        By Component

  • Hardware
  • Software
  • Others

        By Technology

  • Artificial Intelligence
  • IoT
  • NLP
  • Big Data & Analytics
  • Blockchain

 

         By Application

  • Yield Monitoring & Mapping
  • Smart Crop Monitoring
  • Smart Irrigation Monitoring
  • Soil & Fertilizer Management
  • Livestock Monitoring
  • Green House Farming
  • Weather Forecasting
  • Others
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Browse Key Market Insights with Data Illustration:


Author Credits:  Nilanjana Ray


  • Report ID: 440
  • Published Date: Oct 10, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of digital farming is evaluated at USD 32.21 billion.

The digital farming market size was valued at USD 28.43 billion in 2024 and is projected to exceed USD 209.87 billion by the end of 2037, expanding at over 16.4% CAGR during the forecast period i.e., between 2025-2037. Rapidly escalating hunger rate across the globe, spike in water scarcity, and upsurge in smart farming through technology integration will drive the market growth.

North America industry is predicted to hold majority revenue share by 2037, driven by presence of some major players in digital farming in the region.

The major players in the market include Deere & Company, Hexagon AB, Epicor Software Corporation, Trimble Inc., CropX Technologies Ltd., CNH Industrial N.V., AGCO Corporation, IBM Corporation, Kubota Corporation, Syngenta Crop Protection AG.
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