Global Digital Farming Market Size, Trends & Growth Opportunity, By Component (Off Hardware, Software, and Others), By Application (Precision Farming, Live Stock Monitoring, Green House Farming, and Others), By Region and Forecast till 2027
Global Digital Farming market
Digital farming is also known as digital agriculture is basically uses of IT in agriculture & it involves applications of connected machinery & other agricultural technologies. This technology is used to improve overall farm production, to improve financial performance & to help farmers boost their farm productivity by means of advanced digital technology. Digital farming largely involves the use of connected devices & machinery and other digital technologies to improve yield.
The rise in population and the increase in demand for food are prominent factors which expected to boost the global digital farming market growth over the forecast period. Furthermore, the rise in demand to efficiently deal with weeds, pests, and other diseases will positively influence the farmers to9 digitalize their farms. In developing countries, cheaper interest data & strong penetration of smart devices are propelling the digital farming market growth during this forecast timeline. Moreover, the growing government initiatives in digitizing farms through investments are expected to fuel the market growth. The continuous advancements in predictive analytics are expected to be another opportunity for the global digital farming market growth.
High initial capital and lack of limited awareness regarding digital farming are major restraints which are expected to hamper the global digital farming market growth during this forecast period.
The Global Digital Farming market is segmented into component such as Hardware, Software, and Others. Further, market is segmented into application such as Precision Farming, Live Stock Monitoring, Green House Farming, and Others.
Also, the Global Digital Farming market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Various key players are discussed in this report such as Accenture PLC, Hexagone AB, IBM Corporation, Deere & Co., Salt Mobile SA, Cisco Systems Inc, Trimble Navigation Ltd., Epicor Software Corporation, etc.
Global Digital Farming market
Digital farming is also known as digital agriculture is basically uses of IT in agriculture & it involves applications of connected machinery & other agricultural technologies. This technology is used to improve overall farm production, to improve financial performance & to help farmers boost their farm productivity by means of advanced digital technology. Digital farming largely involves the use of connected devices & machinery and other digital technologies to improve yield.
Market Drivers
The rise in population and the increase in demand for food are prominent factors which expected to boost the global digital farming market growth over the forecast period. Furthermore, the rise in demand to efficiently deal with weeds, pests, and other diseases will positively influence the farmers to9 digitalize their farms. In developing countries, cheaper interest data & strong penetration of smart devices are propelling the digital farming market growth during this forecast timeline. Moreover, the growing government initiatives in digitizing farms through investments are expected to fuel the market growth. The continuous advancements in predictive analytics are expected to be another opportunity for the global digital farming market growth.
Market Restraints
High initial capital and lack of limited awareness regarding digital farming are major restraints which are expected to hamper the global digital farming market growth during this forecast period.
Market Segmentation
The Global Digital Farming market is segmented into component such as Hardware, Software, and Others. Further, market is segmented into application such as Precision Farming, Live Stock Monitoring, Green House Farming, and Others.
Also, the Global Digital Farming market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report such as Accenture PLC, Hexagone AB, IBM Corporation, Deere & Co., Salt Mobile SA, Cisco Systems Inc, Trimble Navigation Ltd., Epicor Software Corporation, etc.
Market Taxonomy
By Component
- Hardware
- Software
- Others
By Application
- Precision Farming
- Live Stock Monitoring
- Green House Farming
- Others
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Key Questions Addressed by the Report
- What are the Key Opportunities in Global Digital Farming Market?
- What will be the growth rate from 2019 to 2027?
- Which segment/region will have highest growth?
- What are the factors that will impact/drive the Market?
- What is the competitive Landscape in the Industry?
- What is the role of key players in the value chain?
- What are the strategies adopted by key players?
Frequently Asked Questions about the Global Digital Farming marketto 2027
What is the estimated value of the Global Digital Farming marketto 2027?
What is the growth rate of the Global Digital Farming marketto 2027?
What is the forecasted size of the Global Digital Farming marketto 2027?
Who are the key companies in the Global Digital Farming marketto 2027?
| Report Attribute | Details |
|---|---|
| No. of Pages | 189 |
| Published | April 2022 |
| Forecast Period | 2020 - 2027 |
| Estimated Market Value ( USD | $ 4770.5 Million |
| Forecasted Market Value ( USD | $ 10702.5 Million |
| Compound Annual Growth Rate | 12.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 8 |
Table of Contents
1 Introduction
2 Research Methodology
4 Global Digital Farming Market Outlook
5 Global Digital Farming Market, By Component
6 Global Digital Farming Market, By Application
7 Global Digital Farming Market, By Region
8 North America Digital Farming Market Analysis and Forecast (2020 - 2027)
9 Europe Digital Farming Market Analysis and Forecast (2020 - 2027)
10 Asia Pacific Digital Farming Market Analysis and Forecast (2020 - 2027)
11 Latin America Digital Farming Market Analysis and Forecast (2020 - 2027)
12 Middle East Digital Farming Market Analysis and Forecast (2020 - 2027)
13 Competitive Analysis
14 Company Profiles
Companies Mentioned
- Accenture PLC
- Hexagone AB
- IBM Corporation
- Deere & Co.
- Salt Mobile SA
- Cisco Systems Inc
- Trimble Navigation Ltd.
- Epicor Software Corporation
