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Digital Agriculture Market Trends

Report ID: GMI8092
Published Date: Feb 2024
Report Format: PDF

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Digital Agriculture Market Trends

The growing demand for precision farming is one of the dominant trends in the digital agriculture industry. Precision agriculture is a cutting-edge farming method that maximizes crop yield while lowering input expenses. This technique uses sensors, GPS units, and drones to gather information on temperature, nutrient levels, soil moisture content & other important parameters. Using this data, farmers can manage their fields, monitor crop development, and apply pesticides & fertilizers more effectively.

Farmers face a serious problem with water scarcity across the globe, especially during the dry season. An emerging solution to this problem is smart irrigation systems. By utilizing sensors to gather information on soil moisture, humidity & other variables, these systems automatically modify water usage to maximize crop development. Small-scale farmers without access to complex irrigation infrastructure can benefit from this approach.

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

Digital agriculture industry size was more than USD 22 billion in 2023 and is set to expand at over 11% CAGR between 2024 and 2032 driven by the growing need for increased agriculture productivity and the rising demand for precision farming and crop monitoring.

The precision agriculture & farm management segment accounted for more than 30% share of digital agriculture industry in 2023 and is projected to gain significant traction through 2032 attributed to its increasing use for crop planning, inventory management, and administrative activities.

Asia Pacific digital agriculture market is expected to register over 12% CAGR from 2024 to 2032 due to rapid growth in the agriculture sector, along with the rising adoption of advanced technologies

Some of the prominent firms operating in the digital agriculture industry are Deere & Company, Trimble Inc., Syngenta AG, Farmers Edge Inc., AGCO Corporation, Cisco Systems, Inc., IBM Corporation, Accenture, AKVA Group, Byer AG, Hexagon AB, DeLaval, DJI, Epicor Software Corporation, Raven Industries, Inc., Eurofins Scientific, Gamaya, PrecisionHawk, and Agreena.