Digital Agriculture Market - Rising Food Demand Owing to Population Growth is Expected to Lead the Market Growth – Growing at a Compound Annual Growth Rate (CAGR) 9.6% from 2022 to 2028

Digital Agriculture
  • Digital Agriculture Market

As stated in our extensive report, the Global Digital Agriculture Market accounted for USD 12.8 Billion in the year 2021.

Digital agriculture is the application of new and advanced technologies integrated into a single system to increase food production for farmers and other stakeholders in the agricultural value chain. The growing knowledge of the benefits of digital agriculture in improving agricultural productivity has resulted in a significant increase in the agricultural market. In addition, with rising food demand due to population growth, farmers will be forced to use digital agriculture equipment. Technology improvements and innovations are among the primary drivers driving the digital agriculture industry, assisting farmers to enhance productivity and decrease losses through practical resource usage.

Farmers are constantly under pressure to produce more food and animal feed with fewer pesticides. Simultaneously, it is necessary to utilize less energy and labor while enhancing environmental land and water management. With the population rapidly increasing, it is becoming increasingly difficult to feed the growing population, putting increased strain on agricultural production. Precision farming software combined with the Internet of Things (IoT) technologies offers a solution to all of these criteria. In digital farming, new technology is employed to produce a large amount of food with the least amount of energy and effort. Different instruments, such as satellite guiding scouting, nitrogen management, yield prediction, robotic milking, drones, cloud computing, hybrid planters, and so tools, are employed for various job purposes. Because of the application of digital agriculture in farming, agricultural productivity has increased, and production costs have decreased.

Increasing adoption of newly developed technology and government initiatives to encourage to use of modified technology is supporting the market growth in this region.

Some of the key players in the Global Digital Agriculture Market includeDTN (US), Farmers Edge Inc. (Canada), Taranis (US), Eurofins Scientific (Luxembourg), AgriWebb (Australia), Monsanto Company (US), Bayer AG (Germany), Deere & Company. (US), Accenture (Ireland), Syngenta AG (Switzerland), AgGateway (US), CropX inc. (US), Farmers Business Network (US), BASF SE (Germany), DigitalGlobe (US), to name a few.