The Europe Digital Agriculture Market is expected to witness market growth of 9.4% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Digital Agriculture Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $2.46 billion by 2031. The UK market is exhibiting a CAGR of 8.5% during 2024-2031. Additionally, the France market is expected to experience a CAGR of 10.4% during 2024-2031.
Precision farming, which entails the utilization of technologies such as GPS-guided equipment, IoT-enabled sensors, and data analytics to enhance the administration of crops at the field level, is a critical component of digital agriculture. This approach helps maximize crop yields and minimizes the waste of critical inputs such as water, fertilizers, and pesticides.
Moreover, the widespread use of cell phones as well as internet connectivity in rural regions has also had a big impact on the democratization of access to digital agriculture solutions. In regions with limited traditional extension services, mobile applications enable farmers to access real-time information on weather forecasts, market prices, pest outbreaks, and best agricultural practices.
The growth of the digital agriculture market in Europe is fueled by the region's strong emphasis on sustainability and environmentally friendly farming practices. European countries are adopting digital technologies such as IoT, AI, and automation to meet stringent environmental regulations, optimize resource utilization, and enhance agricultural productivity. The widespread presence of technologically advanced farms, coupled with supportive government policies and subsidies for precision farming, continues to drive the digital transformation of the region’s agriculture sector.
The Germany market dominated the Europe Digital Agriculture Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $2.46 billion by 2031. The UK market is exhibiting a CAGR of 8.5% during 2024-2031. Additionally, the France market is expected to experience a CAGR of 10.4% during 2024-2031.
Precision farming, which entails the utilization of technologies such as GPS-guided equipment, IoT-enabled sensors, and data analytics to enhance the administration of crops at the field level, is a critical component of digital agriculture. This approach helps maximize crop yields and minimizes the waste of critical inputs such as water, fertilizers, and pesticides.
Moreover, the widespread use of cell phones as well as internet connectivity in rural regions has also had a big impact on the democratization of access to digital agriculture solutions. In regions with limited traditional extension services, mobile applications enable farmers to access real-time information on weather forecasts, market prices, pest outbreaks, and best agricultural practices.
The growth of the digital agriculture market in Europe is fueled by the region's strong emphasis on sustainability and environmentally friendly farming practices. European countries are adopting digital technologies such as IoT, AI, and automation to meet stringent environmental regulations, optimize resource utilization, and enhance agricultural productivity. The widespread presence of technologically advanced farms, coupled with supportive government policies and subsidies for precision farming, continues to drive the digital transformation of the region’s agriculture sector.
List of Key Companies Profiled
- Microsoft Corporation
- BASF SE
- Indigo Ag, Inc.
- AGCO Corporation
- Wipro Limited
- Yara International ASA
- Bayer AG
- IBM Corporation
- Trimble, Inc.
- Deere & Company
Market Report Segmentation
By Application
- Precision Farming & Farm Management
- Livestock Monitoring
- Supply Chain Management
- Financial Management
- Other Application
By Technology
- IoT
- Automation
- AI
- Drones
- Other Technology
By Component
- Hardware
- Software
- Service
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. Europe Digital Agriculture Market by Application
Chapter 6. Europe Digital Agriculture Market by Technology
Chapter 7. Europe Digital Agriculture Market by Component
Chapter 8. Europe Digital Agriculture Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- Microsoft Corporation
- BASF SE
- Indigo Ag, Inc.
- AGCO Corporation
- Wipro Limited
- Yara International ASA
- Bayer AG
- IBM Corporation
- Trimble, Inc.
- Deere & Company
Methodology
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