Digital Agriculture Market to Witness Robust Expansion by 2029

The global digital agriculture market is anticipated to grow at a CAGR of 9.6% during the forecast period. Digital farming is any innovation in the agriculture sector (farm to consumer) that supports to improve efficiency, profitability, and sustainability. Digital farming includes devices, sensors, virtual reality, robotics, automation, and artificial intelligence. Digital Agriculture assists with the day-to-day management of farms and improves traceability, security, and automation. It includes monitoring animals, prescriptive fertilizer programs, and geospatial mapping. Digital farming is gaining popularity across the globe along with increasing technological advancements. The market players are launching new innovative solutions and enhancing their product portfolio is driving the growth of the market over the forecast period. For instance, 

·        In June 2022, FarmSense announced a limited product launch of FlightSensor acclaimed real-time pest monitoring and identification device, FlightSensor. The launch of this product consists of approximately 1,000 FlightSensor units, which are distributed to select commercial pest advisors, farm managers, and growers in California. Further, FlightSensor utilizes a patented technology, artificial intelligence, machine learning, and real-time analytics to improve insect monitoring and crop management efforts.

·        In September 2021, BASF Digital Farming GmbH launched a free-of-charge xarvio SCOUTING chatbot service in India to aid its farmers and advisors. The new chatbot service offers to identify unknown weeds and diseases, analyze nitrogen uptake, and provide leaf damage, crop emergence, and yellow trap analysis. Moreover, it will focus on precisely identifying unknown weeds and diseases in 15 crops including rice and potato, enabling farmers and advisors to quickly receive the relevant information to support decision making such as when and where to use a specific application.

·        In October 2020, Mahindra & Mahindra’s Farm Equipment Sector (FES) rolled out Krish-e centers in Maharashtra as part of Mahindra’s new ‘Farming as a Service business. It is a business vertical that provides technology-driven services to farmers which are progressive, affordable, and accessible. Further, Krish-e aims to increase farmers’ income through digitally enabled services, across the complete crop cycle.

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 Market Coverage

                 The market number available for – 2022-2029

                 Base year- 2022

                 Forecast period- 2023-2029

Segment Covered- 

·        By Component

·        By Deployment

·        By Application 

Regions Covered-

·        North America

·        Europe

·        Asia-Pacific

·        Rest of the World

Competitive Landscape- including AGCO Corp., BASF SE, Bayer AG, Farmers Edge Inc., IBM Corp., Microsoft Corp., SAP SE, and others.

A full Report of Digital Agriculture Market is Available @  https://www.omrglobal.com/industry-reports/digital-agriculture-market

Digital Agriculture Market Report Segment

By Component 

                 Hardware

                 Software & Services

By Deployment

                 Cloud

                 On-Premise

By Application 

                 Yield Monitoring

                 Field Mapping

                 Livestock Monitoring

                 Real-Time Safety Testing

                 Soil Monitoring

                 Precision Farming

                 Others (Drone Analytics, Inventory Management)

Digital Agriculture Market Report Segment by Region

North America

·        United States

·        Canada

Europe

·        UK

·        Germany

·        Spain

·        France

·        Italy

·        Rest of Europe

Asia-Pacific

·                  India

·                  China

·                  Japan

·                  South Korea

·                  Rest of APAC

Rest of the World

                 Latin America

                 Middle East and Africa 

Company Profiles 

                 AGCO Corp.

                 Agriwebb Pty Ltd. 

                 BASF SE

                 Bayer AG

                 CNH Industrial America LLC

                 Deere & Co. 

                 DTN, LLC

                 Farmers Edge Inc. 

                 Gameya SA

                 Hummingbird Technologies Ltd. 

                 IBM Corp. 

                 Microsoft Corp. 

                 Raven Industries, Inc. 

                 SAP SE

                 Small Robot Co. 

                 Trimble Inc. 

                 Yare International ASA

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Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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