Digital Agriculture Market opportunities, future, trends, business and Forecast 2027

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A host of difficulties beset the agricultural and food sectors. With a predicted global population of roughly 9.5 billion people by 2050, food consumption will skyrocket. At the same time, natural resources like fresh water and fertile land are becoming increasingly scarce. Despite the fact that agricultural output is currently sufficient to feed the world, over 600 million people suffer from hunger. For example, increased urbanization has important implications for food demand and supply patterns. Agriculture is still important for people's livelihoods and jobs. Over 560 million small farms exist worldwide, and agriculture and food production employ 26.7% of the global workforce.

Digital Agriculture Market Scope and Research Methodology:

The objective of the report is to analyses and forecast the Digital Agriculture market size. The market report includes strategic profiling of significant market participants in order to accurately depict the competitive environment for the global  Digital Agriculture  market. it includes a detailed analysis of new product launches, acquisitions, mergers, and joint ventures, brands and key players in the  Digital Agriculture industry. The report provides information on industry trends and developments, market dynamics and their potential, which helps experts to stay up to date on the most recent trends and sector performance, predicting growth and decline in  Digital Agriculture market share during the forecast period. To know the  Digital Agriculture industry in detail, primary and secondary research methods were used and for accurate finding various methodologies such as the PESTLE, PORTER, and SWOT analysis were used. SWOT analysis was employed to provide strengths, weaknesses, opportunities and challenges for Digital Agriculture key players in the industry. PORTER and PESTLE analysis helps to understand the microeconomic and macroeconomic factors affecting the  Digital Agriculture industry. 

Digital Agriculture Market Report Overview:

The report thoroughly covers analysis of insights in view of the  Digital Agriculture Market along with its ever-changing patterns, industry environment, and all dominant aspects of the market. A detailed analysis of key players is also provided in the Digital Agriculture market report. 

Digital Agriculture Market size was valued at US$ 16.8 Bn. in 2020 and the total Digital Agriculture revenue is expected to grow at 10.24% through 2021 to 2027, reaching nearly US$ 33.24 Bn.

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Digital Agriculture Market Segmentation:

Precision farming has the highest share of the digital agricultural industry by type, accounting for more than 45% in 2020. During the projection period, this segment is expected to develop at a CAGR of 13.6%. Precision farming is expected to grow in the long run following the COVID-19 pandemic, as it allows farmers to supervise the state of their crops while not being physically present in the field through the use of automation, reducing the need to contact other people, which is critical during these times. This farming, as opposed to traditional gardening approaches, is a system in which inputs are used in precise amounts to increase average yields.

These methods save time and money by minimizing fertilizer and pesticide treatment expenses, as well as pollution by reducing compound consumption. They also aid in the monitoring of soil and plant physical and chemical scenarios, such as electrical conductivity, temperature, evaporation and transpiration, radiation, and moisture, by placing sensors to measure parameters such as electrical properties, nitrates, temperature radiation, and leaves and soil moisture, in order to maintain optimal plant growth conditions. These aspects contribute to higher output with a limited labor force during a pandemic situation with a labor shortage, ensuring a continuous supply of food and thereby ensuring food security.

Predictive farming is analogous to taking medication to address a certain ailment. The solutions are extremely tailored, from the type of crop suitable for a plot to the use of pesticides in certain places. Precision farming reduces production costs and waste by tailoring to the unique needs of each plot. Precision farming makes use of analytical software and sophisticated equipment. Soil testing, plot measuring, weather pattern analysis, and crop analysis are all done precisely with sensor-equipped equipment strategically placed across the fields. To conclude, the data is calibrated, and a highly specific and accurate set of practices can be established based on the findings.

Digital Agriculture Market Key Players:

Case IH Agriculture
DTN
Conservis Corporation
Raven Industries
Topcon Positioning Systems
Gamaya SA
Easytosee Agtech
AGCO Corporation
Trimble Inc
AgEagle Aerial Systems Inc.
Bayer CropScience AG
Small Robot Company
Microsoft Corporation
IBM Corporation
Hummingbird Technologies Limited
Deere & Company

Digital Agriculture Market Regional Analysis:

The report is segmented into several key countries, with market size, growth rate, import and export of  Digital Agriculture  market in these countries, which covering North America, U.S., Canada, Mexico, Europe, UK, Germany, France, Spain, Italy, Rest of Europe, Asia Pacific, China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC, South America, Brazil, and Middle East and Africa.

Key Questions answered in the Digital Agriculture Market Report are:

• Which segment grabbed the largest share in the Digital Agriculture market?
• Which segment is expected to grow at a high rate during the forecast period?
• How is the competitive scenario of the Digital Agriculture market?
• Which are the key factors driving the Digital Agriculture market growth?
• Which region holds the maximum share in the Digital Agriculture market?
• What will be the CAGR of the Digital Agriculture  market during the forecast period?
• Which are the prominent players in the Digital Agriculture market?

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About Stellar Market Research

Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.

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