Digital Farming Market Analysis Report By Product, By Application, By End Use, By Region And Segment Forecasts from 2021 To 2027
Global Digital Farming Market
The
Digital
Farming Market size is forecast to exceed USD 13.41 billion by
2027 in terms of remuneration, from USD 4.53 billion in 2019, delivering a CAGR
of around 14.5% through the forecast period. The market growth is driven by a
decline in arable land, a rapidly expanding population base across the globe,
and an associated spike in food demand. Estimates suggest that the global
population will increase by 40% and reach 9.6 billion by the end of 2050. To
cater to the growing food requirements, the overall food production needs to be
doubled in the coming years, as the current production rate and distribution
method wouldn’t be sufficient to feed the expanding population base. This is
led to a paradigm shift towards the adoption of advanced technology at various
levels of farming for optimum crop production.
The
report is furnished with the latest market scenario pertaining to the COVID-19
pandemic and its after-effects on the Digital Farming industry and the key
segments. The pandemic has disrupted the workflow of the industry and created
financial difficulties. The report assesses the complete impact of the pandemic
on the market and offers key insights into the market scenario along with
trends and demands disruptions. The report also offers an outlook on the market
scenario in the forecast timeline.
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Some
of the players profiled in the report are Vodafone
Group PLC, Trimble Inc., Salt Mobile SA, Accenture, Deere & Company, IBM,
Epicor Software Corporation, Hexagon, Monsanto Company, Bayer Cropscience
Limited, Syngenta, AgGateway, Aglytix Inc., CropX Inc., Farmers Business
Network (FBN), BASF SE, and DigitalGlobe.
The Global Digital Farming Market is segmented as
follows:
Segmentation by Component:
Hardware
Software
Others
Segmentation by Application/End-user:
Precision
Farming
Live
Stock Monitoring
Green
House Farming
Others
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Market Segmentation by Regions:
North America (U.S.,
Canada)
Europe (U.K., Italy,
Germany, France, Rest of EU)
Asia Pacific (India,
Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile,
Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi
Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions
Answered by the Report:
·
Which market segment
or sub-segment is expected to grow at the highest CAGR during the forecast
timeline?
·
What is the forecast
valuation of the Digital Farming market?
·
Who are the leading
players in the industry? What are the weaknesses and strengths of these
players?
·
What are the strategic
business steps and initiatives taken by the key competitors in the industry?
·
What region is
expected to dominate the market in the forecast period?
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you for reading the report. The report can be customized as per the requirements
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