Digital Agriculture
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Digital Agriculture Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In the last few years, the digital agriculture market has seen significant growth. Its value is projected to rise from $14.98 billion in 2024 to $16.25 billion in 2025, with a compound annual growth rate (CAGR) of 8.5%. This growth during the historical period is due to factors such as the adoption of precision agriculture, increasing population and food demand, and concerns about climate change.
Digital Agriculture Market Size Forecast: What’s the Projected Valuation by 2029?
The size of the digital agriculture market is predicted to grow swiftly in the forthcoming years. By 2029, its value is projected to reach $26.94 billion, growing at a compound annual growth rate (CAGR) of 13.5%. The predicted growth for the forecasted period can be linked to factors such as access to 5G connectivity in rural regions, government support and subsidies, worldwide connectivity, and easy access to information. Key trends for the forecasted period encompass digital twins and simulation models, breakthroughs in sensor technology, precision farming technologies, the application of AI and machine learning in crop management, along with farm management software platforms.
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What Are the Drivers Transforming the Digital Agriculture Market?
The anticipated surge in global population is set to fuel the expansion of the digital agricultural market. This growth in population signifies the balance between births and a decrease in deaths, and the disparity between immigrants and a drop in emigrants, referencing either the entire world or a specific country, territory, or region. Advancements in artificial intelligence and the Internet of Things bear the promise of transforming agricultural practices by enhancing crop yields and mitigating food wastage. To illustrate, in December 2023, as per The United Nations (UN), a US-based global organization dedicated to maintaining international peace and security, it has been observed that the world’s population is consistently increasing. It is projected that an additional nearly 2 billion people will be added over the next 30 years, bringing the total from the present 8 billion to around 9.7 billion by 2050. Accompanying this growth, demographic changes such as an aging population and differential growth rates among various regions are observed. Hence, the escalating population numbers are contributing towards stimulating the growth in the digital agriculture market.
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What Long-Term Trends Will Define the Future of the Digital Agriculture Market?
Prominent enterprises in the digital farming industry are concentrating on the adoption of smart technologies such as generative artificial intelligence to maintain their market presence. The use of generative AI on agricultural platforms transforms farming procedures by utilizing advanced technologies to offer real-time data and insights that enhance crop production and logistics management. Cropin Technology Solutions, an agricultural tech enterprise from India, unveiled Sage, an agri-intelligence platform fueled by Google Gemini that employs generative AI to boost crop production and supply chains in July 2024. Sage generates a grid-based map of the farming area with options of 3×3 meters, 10×10 meters, or 5×5 kilometers, providing accurate and swift data. This platform enables companies, seed-producing corporations, and governments to make well-informed judgments on farming techniques, crops, watering systems, weather conditions, and soil. It also promotes precision and sustainability in farming via groundbreaking technologies.
Which Segments in the Digital Agriculture Market Offer the Most Profit Potential?
The digital agriculture market covered in this report is segmented –
1) By Type: Crop Monitoring, Artificial Intelligence, Precision Farming
2) By Company Type: Tier 1-55%, Tier 2-20%, Tier 3-25%
3) By Deployment: Cloud, On-Premise
4) By Applications: Field Mapping, Crop Scouting, Weather Tracking, Drone Analytics, Financial Management, Farm Inventory Management, Other Applications
Subsegments:
1) By Crop Monitoring: Remote Sensing: Drones For Crop Surveillance, Soil And Crop Health Monitoring, Yield Prediction Tools
2) By Artificial Intelligence: Machine Learning For Crop Management, Predictive Analytics, AI-Powered Pest And Disease Detection, Automation In Farming Operations
3) By Precision Farming: Variable Rate Technology (VRT), Geographic Information System (GIS) Mapping, Automated Irrigation Systems, Smart Farm Equipment And Machinery
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Which Firms Dominate the Digital Agriculture Market by Market Share and Revenue in 2025?
Major companies operating in the digital agriculture market include Microsoft Corporation, International Business Machines Corporation, Bayer AG, Deere & Company, Cisco Systems Inc., Badische Anilin- und Sodafabrik (BASF), Syngenta AG, Farmers Edge Inc., Yara International ASA, AGCO Corporation, Eurofins Scientific SE, FluroSat Ltd., Trimble Inc., Topcon Positioning Systems Inc., Benson Hill Inc., DTN LLC, Iteris Inc., Raven Industries Inc., Granular Inc., Ag Leader Technology Inc., Deveron UAS Ltd., Arable Labs Inc., Taranis Services Ltd., Descartes Labs Inc., AgJunction Inc., GeoVisual Analytics, AgriWebb Pty Ltd., Conservis Corporation, Hummingbird Technologies Ltd., Gamaya SA, PrecisionHawk Inc., Aerobotics Ltd., AgriWebb Pty Ltd., FarmLogs Inc., Tillable Inc.
Which Regions Offer the Highest Growth Potential in the Digital Agriculture Market?
North America was the largest region in the digital agriculture market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the digital agriculture market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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