One cannot deny the fact that the world survives on food, and agriculture is the only sustainable method of achieving it. Agriculture happens to be an essential sector that plays a vital role in the economic, social, and environmental well-being of societies. Along with production of food, the agriculture is necessary for employment, security of food and environmental sustainability. The rise of technology has only helped the agriculture sector grow. Digital farming, also known as precision agriculture or smart farming is the future of this planet. It is an approach to agriculture that uses technology to improve crop yields, reduce waste, and optimize resource use. It involves the use of various technologies, such as drones, GPS, sensors, and big data analytics, to collect and analyze data on soil moisture, temperature, nutrient levels, and other environmental factors that can affect crop growth. Farmers can then use this data to make more informed decisions about planting, fertilizing, irrigating, and harvesting crops. Digital farming has the potential to improve crop yields, reduce waste, and promote sustainable agriculture. It can also help farmers to optimize resource use, reducing the environmental impact of agriculture. With the help of digital farming, farmers can make more informed decisions about crop management, resulting in a more efficient and productive agricultural system. Owing to numerous factors, the global digital farming market has been making progress.

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Rise in the demand for access to timely valuable insights so that they are capable of adopting best practices and manage farms is aiding the global digital farming market grow. Meanwhile, the growth of the global digital farming market faces a roadblock due to increased cost of adoption. On the other hand, the global digital farming market will continue to grow rampantly due to increasing use of technology that is highly advanced.

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Key Takeaways of the Report:

  • On the basis of the technology, the global digital farming market is bifurcated into internet of things (IoT) and sensors, drones, blockchain, artificial intelligence (AI), robotics, virtual reality and others. The blockchain technology that is used in cryptocurrency too will be minting money at the fastest rate.
  • The region of Asia Pacific will be garnering huge money for the global digital farming market at the quickest rate in next several years. China and India are not only the biggest countries in terms of population but also the number of people engaged and dependent on agriculture. Technology companies are trying to en cash on this opportunity and this will drive the growth of the market in the territory.

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Global Digital Farming Market Participants:

  • Accenture
  • Aegis Softech
  • Bayer AG
  • Cropin Technology Solutions Private Limited
  • DunavNET
  • Infosys Limited
  • ITC Infotech India Ltd.
  • Kheti Buddy
  • Tata Consultancy Services Limited
  • YARA
  • Other Market Participants

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Global Digital Farming Market:

By Offerings

  • Hardware
  • Solutions
    • Cloud Based
    • On-premise
  • Services

By Technology

  • Internet of Things (IoT) and Sensors
  • Drones
  • Blockchain
  • Artificial Intelligence
  • Robotics
  • Virtual Reality
  • Others

By Application

  • Vineyards/ Orchards
  • Vegetable farming
    • Seed Research and Development
    • Seed Production
    • Seed Processing and Tracking
    • Seed Distribution and Sales
  • Greenhouse management
  • Poultry Farms
  • Silo Management
  • Asset Monitoring
  • Feed Storage management
  • Others

By Deployment

  • Web based
  • App based

By Farm Size

  • Large Agricultural Corporations
  • Small/ family-owned Farms

By Region

  • North America (U.S., Canada, Mexico, Rest of North America)
  • Europe (France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe
  • Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific
  • Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
  • Latin America (Brazil, Argentina, Rest of Latin America)

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