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.
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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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