Digital Farming Market : A View Of The Current State And Future Outlook

Published: 2024-03-22
Views: 25
Author: henry7020
Published in: Business

Digital Farming Market size was valued at USD 22.12 billion in 2022 and is expected to grow to USD 58.72 billion by 2030 and grow at a CAGR of 12.98% over the forecast period of 2023-2030.

The Digital Farming market is rapidly evolving, propelled by technological advancements and a growing awareness of the need for sustainable agricultural practices. One significant trend within this market is the integration of precision agriculture techniques with digital technologies. By utilizing sensors, drones, GPS, and data analytics, farmers can gain real-time insights into their crops' health, soil conditions, and weather patterns. This data-driven approach enables farmers to make informed decisions, optimize resource usage, and increase crop yields while minimizing environmental impact.

Another key aspect of the Digital Farming market is the rise of farm management software platforms. These platforms offer comprehensive solutions for tasks such as crop planning, inventory management, equipment tracking, and financial analysis. By centralizing data and automating routine processes, farmers can streamline their operations, improve efficiency, and reduce administrative burdens. Moreover, many of these platforms are cloud-based, allowing farmers to access crucial information from anywhere, at any time, using a variety of devices.

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Covid 19 impact analysis:

The latest report is the most recent study that offers 360° coverage of the Digital Farming industry that has been facing the brunt of the adverse economic impact of the COVID-19 outbreak since the beginning of this year. The global health crisis has affected nearly every aspect of the business vertical and led to massive disruptions to the global Digital Farming market demand and supply chains. Researchers draw predictions for the market scenario in the post-COVID era. The report, additionally, assesses the present market situation and estimates its future outcomes, keeping in mind the impact of the pandemic on the global economic landscape.

Major companies profiled in the market report include

 Monsanto Company, Topcon Corporation, Deere & Company, AGCO Corporation, Kubota Corporation, Hexagon AB, CNH Industrial N.V., Bayer Crop Science Limited, Agreena, CLAAS KGaA mbH, Trimble, Agleader, IBM Corporation, AgEagle Aerial Systems .

Research objectives:

The latest research report has been formulated using industry-verified data. It provides a detailed understanding of the leading manufacturers and suppliers engaged in this market, their pricing analysis, product offerings, gross revenue, sales network & distribution channels, profit margins, and financial standing. The report’s insightful data is intended to enlighten the readers interested in this business sector about the lucrative growth opportunities in the Digital Farming market.

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https://www.snsinsider.com/reports/digital-farming-market-2757  

It has segmented the global Digital Farming market on the basis of technology, application, end-use, and region:

by Technology:

l IoT

l Blockchain

l AI/ML

l Big Data & Analytics

by Infrastructure:

l Cloud and Data Processing

l Sensing & Monitoring

l Communication Technology

l Telematics/Positioning

l End-use Components

by Application:

l Smart Crop Monitoring

l Yield Monitoring and Mapping

l oil & Fertilizer Management

l Weather Forecasting

l Smart Irrigation Monitoring System

l Others

Key Objectives of the Global Digital Farming Market Report:

• The report conducts a comparative assessment of the leading market players participating in the globalDigital Farming market.
• The report marks the notable developments that have recently taken place inthe Digital Farming industry
• It details on the strategic initiatives undertaken by the market competitors for business expansion.
• It closely examines the micro- and macro-economic growth indicators, as well as the essential elements of theDigital Farming market value chain.
• The repot further jots down the major growth prospects for the emerging market players in the leading regions of the market

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