Digital Agriculture Trends and Forecast
The future of the global digital agriculture market looks promising with opportunities in the advisory service, precision agriculture & farm management, quality management & traceability, digital procurement, agri e-commerce, and financial service markets. The global digital agriculture market is expected to reach an estimated $37.8 billion by 2030 with a CAGR of 10.8% from 2024 to 2030. The major drivers for this market are increasing awareness of digital agriculture among consumers, growing worries about nutrition and food security, advances in technology, minimizing waste and efficient use of resources.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Digital Agriculture by Segment
The study includes a forecast for the global digital agriculture by type, operation, offering, technology, and region.
Digital Agriculture Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Hardware
• Software
• Service
Digital Agriculture Market by Operation [Shipment Analysis by Value from 2018 to 2030]:
• Farming & Feeding
• Monitoring & Scouting
• Marketing & Demand Generation
Digital Agriculture Market by Offering [Shipment Analysis by Value from 2018 to 2030]:
• Advisory Services
• Precision Agriculture & Farm Management
• Quality Management & Traceability
• Digital Procurement
• Agri E-Commerce
• Financial Services
Digital Agriculture Market by Technology [Shipment Analysis by Value from 2018 to 2030]:
• Peripheral Technologies
• Core Technologies
Digital Agriculture Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Digital Agriculture Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies digital agriculture companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the digital agriculture companies profiled in this report include-
• CISCO Systems
• IBM Corporation
• Accenture
• Deere & Company
• Trimble
• DeLaval
• AKVA Group
• Hexagon
• DJI
• Epicor Software Corporation
Digital Agriculture Market Insights
Lucintel forecasts that monitoring & scouting is expected to witness the highest growth over the forecast period because the farmers and other stakeholders can remotely record any disruption in farm work through scouting and monitoring.
Within this market, advisory services is expected to witness the highest growth because most tasks are handled by service providers, who also advise farmers on how to increase output.
APAC is expected to witness highest growth over the forecast period due to number of measures implemented by the governments of the developing nations to promote the use of contemporary farming technologies.
Features of the Global Digital Agriculture Market
Market Size Estimates: Digital agriculture market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Digital agriculture market size by type, operation, offering, technology, and region in terms of value ($B).
Regional Analysis: Digital agriculture market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different type, operation, offering, technology, and regions for the digital agriculture market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the digital agriculture market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the digital agriculture market size?
Answer: The global digital agriculture market is expected to reach an estimated $37.8 billion by 2030.
Q2. What is the growth forecast for digital agriculture market?
Answer: The global digital agriculture market is expected to grow with a CAGR of 10.8% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the digital agriculture market?
Answer: The major drivers for this market are increasing awareness of digital agriculture among consumers, growing worries about nutrition and food security, advances in technology, minimizing waste and efficient use of resources.
Q4. What are the major segments for digital agriculture market?
Answer: The future of the global digital agriculture market looks promising with opportunities in the advisory service, precision agriculture & farm management, quality management & traceability, digital procurement, agri e-commerce, and financial service markets.
Q5. Who are the key digital agriculture market companies?
Answer: Some of the key digital agriculture companies are as follows:
• CISCO Systems
• IBM Corporation
• Accenture
• Deere & Company
• Trimble
• DeLaval
• AKVA Group
• Hexagon
• DJI
• Epicor Software Corporation
Q6. Which digital agriculture market segment will be the largest in future?
Answer: Lucintel forecasts that monitoring & scouting is expected to witness the highest growth over the forecast period because the farmers and other stakeholders can remotely record any disruption in farm work through scouting and monitoring.
Q7. In digital agriculture market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to number of measures implemented by the governments of the developing nations to promote the use of contemporary farming technologies.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the digital agriculture market by type (hardware, software, and service), operation (farming & feeding, monitoring & scouting, and marketing & demand generation), offering (advisory services, precision agriculture & farm management, quality management & traceability, digital procurement, agri e-commerce, and financial services), technology (peripheral technologies and core technologies), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Digital Agriculture Market, Digital Agriculture Market Size, Digital Agriculture Market Growth, Digital Agriculture Market Analysis, Digital Agriculture Market Report, Digital Agriculture Market Share, Digital Agriculture Market Trends, Digital Agriculture Market Forecast, Digital Agriculture Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.