Digital Farming Market Outlook:
Digital Farming Market size was over USD 25.98 billion in 2024 and is anticipated to cross USD 85.12 billion by 2034, growing at more than 12.6% CAGR during the forecast period i.e., between 2025-2034. In the year 2025, the industry size of digital farming is assessed at USD 28.76 billion.
The market growth is attributed to worldwide intensifying stances of crop failure and scarcity of natural resources. According to the data provided by the World Bank, the worldwide total natural resources rents ratio was 1.6% of GDP in 2020, whereas, the same was 2.5% of GDP in 2018.
Digital farming or digital agriculture is the use of IT in agriculture to enhance the cultivation process. It involves applications of connected machinery and other digital agriculture technologies. Digital farming is used to improve overall farm production, improve financial performance, and help farmers to boost their farm's productivity using advanced digital technology. Further, the involvement of digital technology in farming is an evolution in the agriculture sector and has positively impacted the efficiency and sustainability of farms.
Digital farming deals with the use of technology in the form of devices and sensors to help farmers to do precise farming. For instance, mechanical soil sensors analyze soil structure. The sensors employ a detector that penetrates the soil and measures resistive forces via load cells or strain gauges. On large tractors, a similar form of this innovation is used to forecast pulling prerequisites for ground-engaging equipment. Tensiometers are very useful for irrigation interventions as they detect the force used by the roots in water absorption.
