Digital Agriculture Market

Digital Agriculture Market Size, Share, Growth Analysis, By Business Channel(B2B, B2C), By Product Type(Perishables, Non perishables), By Component Type(Hardware, Software), By Deployment(Cloud, On-Premise), By Infrastructure(Sensing & Monitoring, Sensors), By Type(Crop Monitoring, Artificial Intelligence), By Company Type(Tier 1-55%, Tier 2-20%), By Designation(C-Level, Executives-40%), By Application(Field Mapping, Livestock Monitoring), By Region(North America, Europe) - Industry Forecast 2024-2031


Report ID: UCMIG45B2076 | Region: Global | Published Date: Upcoming |
Pages: 165 | Tables: 55 | Figures: 60

Digital Agriculture Market Insights

Market Overview:

The digital agriculture sector has experienced noteworthy expansion, boasting an estimated worth of USD 21 billion in 2021. This upward trend is anticipated to persist, driven by an impressive Compound Annual Growth Rate (CAGR) of 10.67% projected from 2022 to 2030. This trajectory positions the market to attain a projected value of approximately USD 52.3 billion by 2030. The growth is attributed to the integration of advanced technologies, data-driven farming practices, and increased demand for precision agriculture solutions.

Digital Agriculture Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
ForecastGrowthRate
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.

Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.

The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the IT Consulting & Other Services by segment aggregation, the contribution of the IT Consulting & Other Services in Software & Services and vendor share.

To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

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FAQs

The market for Digital Agriculture was estimated to be valued at US$ XX Mn in 2021.

The Digital Agriculture Market is estimated to grow at a CAGR of XX% by 2028.

The Digital Agriculture Market is segmented on the basis of Business Channel, Product Type, Component Type, Deployment, Infrastructure, Type, Company Type, Designation, Application, Region.

Based on region, the Digital Agriculture Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the Digital Agriculture Market are agriculture market has witnessed significant growth in recent years, with an estimated value of USD 21 billion in 2021. This growth is expected to continue at an impressive CAGR of 10.67% from 2022 to 2030, positioning the market to reach a projected value of around USD 52.3 billion by 2030. The surge in market size can be attributed to various factors, including the increasing adoption of advanced technologies like artificial intelligence, Internet of Things (IoT), and big data analytics in the agricultural sector. These digital solutions empower farmers with data-driven insights, precision farming techniques, and real-time monitoring capabilities, leading to improved crop yields, resource efficiency, and overall agricultural productivity. Additionally, the growing awareness of sustainable farming practices and the need to address food security challenges are also driving the demand for digital agriculture solutions worldwide. As the industry continues to evolve and innovate, the digital transformation of agriculture is expected to play a pivotal role in shaping the future of farming and food production. , This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future. , Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth. , The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the IT Consulting & Other Services by segment aggregation, the contribution of the IT Consulting & Other Services in Software & Services and vendor share. , To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns. , Digital Agriculture Market : Risk Analysis , SkyQuest's expert analysts have conducted a risk analysis to understand the impact of external extremities on Digital Agriculture Market. We analyzed how geopolitical influence, natural disasters, climate change, legal scenario, economic impact, trade & economic policies, social & ethnic concerns, and demographic changes might affect Digital Agriculture Market's supply chain, distribution, and total revenue growth. , Competitive landscaping: , To understand the competitive landscape, we are analyzing key Digital Agriculture Market vendors in the market. To understand the competitive rivalry, we are comparing the revenue, expenses, resources, product portfolio, region coverage, market share, key initiatives, product launches, and any news related to the Digital Agriculture Market. , To validate our hypothesis and validate our findings on the market ecosystem, we are also conducting a detailed porter's five forces analysis. Competitive Rivalry, Supplier Power, Buyer Power, Threat of Substitution, and Threat of New Entry each force is analyzed by various parameters governing those forces. , SkyQuest's Expertise: , The Digital Agriculture Market is being analyzed by SkyQuest's analysts with the help of 20+ scheduled Primary interviews from both the demand and supply sides. We have already invested more than 250 hours on this report and are still refining our date to provide authenticated data to your readers and clients. Exhaustive primary and secondary research is conducted to collect information on the market, peer market, and parent market. , Our cross-industry experts and revenue-impact consultants at SkyQuest enable our clients to convert market intelligence into actionable, quantifiable results through personalized engagement. , KEY MARKET SEGMENTS , By Business Channel , B2B , B2C , By Product Type , Perishables , Non perishables , Raw materials , Others , By Component Type , Hardware , Software , Devices , By Deployment , Cloud , On-Premise , Hybrid , By Infrastructure , Sensing & Monitoring , Sensors , Cameras , Communication Technology , Short Range , Medium Range , Long Range , Cloud and Data Processing , Telematics/Positioning , GPS/GNSS , GIS , By Type , Crop Monitoring , Artificial Intelligence , Precision Farming , By Company Type , Tier 1-55% , Tier 2-20% , Tier 3-25% , By Designation , C-Level , Executives-40% , Directors -35% , Others-25% , By Application , Field Mapping , Livestock Monitoring , Greenhouse Farming , Crop Scouting , Weather Tracking , Drone Analytics , Financial Management , Farm Inventory Management , Others , By Region , North America , Europe , Asia-Pacific , Latin America , Middle East & Africa , KEY MARKET PLAYERS , AGCO Corporation , Microsoft Corporation , HummingBird Technologies , IBM Corporation , Gamaya SA , DTN , Taranis , Farmers Edge , Eurofins , Agriwebb , Climate Corporation , Others.

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Digital Agriculture Market

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