Digital Agriculture Market Growth, Trends, Size, Share, Opportunities, Scope and Future Outlook
Digital Agriculture Market Size- By Component, By Type, By Technology, By Operation, By Deployment, By Company Type, By Designation, By Application, By Offering - Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Nov-2022 | Report ID: AGRI2208 | Pages: 1 - 252 | Formats*: |
| Category : Agriculture | |||
Global Digital Agriculture Market Overview
According to SPER Market Research, the Global Digital Agriculture Market is estimated to reach USD 55.40 billion by 2033 with a CAGR of 10.76%.
Digital agriculture uses cutting-edge technology to enhance farming practises, including sensors, drones, artificial intelligence, and data analytics. It assists farmers in making wiser decisions by using sensors to track soil moisture, temperature, and nutrient levels. Drones capture aerial photographs of farms to spot crop health problems early on. In order to provide information on crop growth, weather patterns, and market trends, artificial intelligence and data analytics analyse data. This aids farmers in streamlining farming techniques, boosting yields, and improving decision-making. By arming farmers with knowledge and tools for a future of reliable food supply, digital agriculture aims to increase farming's productivity, sustainability, and profitability.
Exploring the Growth Drivers of the Global Digital Agriculture Industry.
Several variables are influencing the expansion of the global digital agriculture market. First, as the world's population grows, there is a greater demand for food, which digital agriculture effectively satisfies. Second, technological developments have made digital tools for farmers more available and affordable, enabling more farmers to adopt these practises. Thirdly, digital agriculture offers solutions to climate change-related problems like efficient resource management and resource monitoring. Furthermore, farmers can make wise decisions and optimise their practises thanks to the accessibility of enormous amounts of data and sophisticated analytics techniques. The emphasis on sustainability is also growing, and digital agriculture encourages sustainable farming methods by reducing waste and conserving resources. These factors are shaping agriculture to be more efficient, sustainable, and responsive to our changing world.
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What challenges does the Global Digital Agriculture Market face?
There are several obstacles facing the global digital agriculture market. A significant barrier is the cost of implementing digital technologies, particularly for small-scale farmers who may not have the necessary financial resources. The smooth operation of digital tools is hampered by inadequate internet connectivity in rural areas. Farmers who lack technical expertise and training face challenges as a result of the complexity of these technologies. Due to the sensitive information that is gathered and stored, data privacy and cybersecurity are issues. Access to digital agriculture technologies is uneven due to the digital divide. Farmers familiar to using traditional methods are resistant to change, which prevents adoption on a large scale. Investments in infrastructure, better connectivity, training programmes, cybersecurity measures, and initiatives to close the digital divide are all necessary to address these issues. Overcoming these obstacles will unlock the full potential of digital agriculture for farmers and the global agricultural sector.
In what ways has the COVID-19 pandemic affected Global Digital Agriculture Market?
COVID-19 disrupted global supply chains, increased demand for digital agriculture solutions, and highlighted the importance of food security. It revealed challenges in terms of access, implementation, and financial constraints for farmers. However, it also fostered innovation and collaboration, driving the development of new solutions and increasing support for the global digital agriculture market.
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Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Component, By Type, By Technology, By Operation, By Deployment, By Company Type, By Designation, By Application, By Offering |
| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America |
| Companies Covered | Accenture, Ag Gateway, AGCO Corporation, Agreena, Agri Webb, AKVA Group, BASF SE, Bayer Crop science AG, CISCO Systems Inc., CropX Inc., Deere & Company, DeLaval, Digital Globe, DJI, DTN, Epicor Software Corporation, Eurofins Scientific, Farmers Business Network, Farmers Edge Inc., Gamaya, Hexagon AB, IBM Corporation, Monsanto Company, Precision Hawk, Raven Industries, Small Robot Company, Syngenta AG, Taranis, Telus agriculture, Trimble Inc., Vodafone Group Plc, Zemdirbių Konsultacijos UAB |
Key Target Audience
- Farmers
- Agricultural cooperatives
- Agricultural technology companies
- Agricultural input suppliers
- Agricultural equipment manufacturers
- Agricultural service providers
- Food processors
Global Digital Agriculture Market Segmentation:
1. By Component:
- Global Digital Agriculture Market Value Share and Forecast, By Component, 2023-2033
- Hardware
- Services
- Software
2. By Type:
- Global Digital Agriculture Market Value Share and Forecast, By Type, 2023-2033
- Artificial Intelligence
- Crop Monitoring
- Precision Farming
- 3. By Technology:
- Global Digital Agriculture Market Value Share and Forecast, By Technology, 2023-2033
- Core Technologies
- Peripheral Technologies
4. By Company Type:
- Global Digital Agriculture Market Value Share and Forecast, By Company Type, 2023-2033
- Tier 1-55%
- Tier 2-20%
- Tier 3-25%
5. By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
Key Topics Covered in the Report
- Global Digital Agriculture Market Size (FY’2023-FY’2033)
- Overview of Global Digital Agriculture Market
- Segmentation of Global Digital Agriculture Market By Component {Hardware (Automation and Control Systems, Sensing and Monitoring Device), Services, Software}.
- Segmentation of Global Digital Agriculture Market By Type (Artificial Intelligence, Crop Monitoring, Precision Farming)
- Segmentation of Global Digital Agriculture Market By Technology (Core Technologies, Peripheral Technologies)
- Segmentation of Global Digital Agriculture Market By Operation (Farming and feeding, Marketing and Demand Generation, Monitoring and Scouting)
- Segmentation of Global Digital Agriculture Market By Deployment (Cloud, On-Premise)
- Segmentation of Global Digital Agriculture Market By Company Type (Tier 1-55%, Tier 2-20%, Tier 3-25%)
- Segmentation of Global Digital Agriculture Market By Designation (C-Level Executives-40%, Directors-35%, Others-25%)
- Segmentation of Global Digital Agriculture Market By Application (Crop Scouting, Farm Labor Management, Field Mapping Telematics, Inventory Management, Weather Tracking & Forecasting, Yield Monitoring, Others)
- Segmentation of Global Digital Agriculture Market By Offering (Advisory services, Agri eCommerce, Digital Procurement, Financial services, Precision Agriculture and Farm Management, Quality Management and Traceability)
- Statistical Snap of Global Digital Agriculture Market
- Growth Analysis of Global Digital Agriculture Market
- Problems and Challenges in Global Digital Agriculture Market
- Competitive Landscape in the Global Digital Agriculture Market
- Impact of COVID-19 and Demonetization on Global Digital Agriculture Market
- Details on Recent Investment in Global Digital Agriculture Market
- Competitive Analysis of Global Digital Agriculture Market
- Key Players in the Global Digital Agriculture Market
- SWOT Analysis of Global Digital Agriculture Market
- Global Digital Agriculture Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Digital Agriculture Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Digital Agriculture Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Digital Agriculture Market
7. Global Digital Agriculture Market, By Component (USD Million)
7.1. Global Digital Agriculture Market Value Share and Forecast, By Component, 2023-20337.2. Hardware7.2.1. Automation and Control Systems7.2.1.1. Control Systems, Displays
7.2.1.2. Drones/UAVs7.2.1.3. Flow and Application Control Devices7.2.1.4. Global Positioning Systems7.2.1.5. Guidance and Steering Systems7.2.1.6. Handheld Mobile Devices/ Handheld Computers7.2.1.7. Harvesters & Forwarders7.2.1.8. HVAC Systems7.2.1.9. Irrigation Controllers7.2.1.10. LED Grow Lights7.2.1.11. Robotics Hardware7.2.1.12. Variable Rate Controllers7.2.1.13. Others
7.2.2. Sensing and Monitoring Device
7.2.2.1. Camera Systems7.2.2.2. Climate Sensors7.2.2.3. EC Sensors7.2.2.4. pH and Dissolved Oxygen Sensors7.2.2.5. RFID and Sensors for Precision Forestry7.2.2.6. RFID tags & Readers for Livestock Monitoring7.2.2.7. Sensors for Livestock Monitoring7.2.2.8. Sensors for Smart Greenhouse7.2.2.9. Soil Sensors7.2.2.10. Temperature and Environmental Monitoring7.2.2.11. Water Sensors Yield Monitor
7.3. Services
7.3.1. Assistant Professional Services7.3.2. Connectivity Services7.3.3. Maintenance and Support Services7.3.4. Managed Services7.3.5. System Integration and Consulting
7.4. Software
7.4.1. AI and Data Analytics7.4.2. On-Cloud7.4.3. On-Premises
8. Global Digital Agriculture Market, By Type (USD Million)
8.1. Global Digital Agriculture Market Value Share and Forecast, By Type, 2023-20338.2. Artificial Intelligence8.3. Crop Monitoring8.4. Precision Farming
9. Global Digital Agriculture Market, By Technology (USD Million)
9.1. Global Digital Agriculture Market Value Share and Forecast, By Technology, 2023-20339.2. Core Technologies
9.2.1. AL-ML9.2.2. Automation9.2.3. Drones9.2.4. Robotics
9.3. Peripheral Technologies
9.3.1. Apps9.3.2. Platforms
10. Global Digital Agriculture Market, By Operation (USD Million)
10.1. Global Digital Agriculture Market Value Share and Forecast, By Operation, 2023-203310.2. Farming and feeding
10.2.1. Precision Agriculture10.2.2. Precision Animal Rearing and Feeding10.2.3. Precision Aquaculture10.2.4. Precision Forestry10.2.5. Smart Greenhouse
10.3. Marketing and Demand Generation10.4. Monitoring and Scouting
11. Global Digital Agriculture Market, By Deployment (USD Million)
11.1. Global Digital Agriculture Market Value Share and Forecast, By Deployment, 2023-203311.2. Cloud11.3. On-Premise
12. Global Digital Agriculture Market, By Company Type (USD Million)
12.1. Global Digital Agriculture Market Value Share and Forecast, By Company Type, 2023-203312.2. Tier 1-55%12.3. Tier 2-20%12.4. Tier 3-25%
13. Global Digital Agriculture Market, By Designation (USD Million)
13.1. Global Digital Agriculture Market Value Share and Forecast, By Designation, 2023-203313.2. C-Level Executives-40%13.3. Directors-35%13.4. Others-25%
14. Global Digital Agriculture Market, By Application (USD Million)
14.1. Global Digital Agriculture Market Value Share and Forecast, By Application, 2023-203314.2. Crop Scouting14.3. Farm Labour Management14.4. Field Mapping Telematics14.5. Inventory Management14.6. Weather Tracking & Forecasting14.7. Yield Monitoring14.8. Others
15. Global Digital Agriculture Market, By Offering (USD Million)
15.1. Global Digital Agriculture Market Value Share and Forecast, By Offering, 2023-203315.2. Advisory services15.3. Agri eCommerce15.4. Digital Procurement15.5. Financial services15.6. Precision Agriculture and Farm Management15.7. Quality Management and Traceability
16. Global Digital Agriculture Market Forecast, 2019-2033 (USD Million)
16.1. Global Digital Agriculture Market Size and Market Share
17. Global Digital Agriculture Market, By Component, 2019-2033 (USD Million)
17.1. Global Digital Agriculture Market Size and Market Share By Component (2019-2026)17.2. Global Digital Agriculture Market Size and Market Share By Component (2027-2033)
18. Global Digital Agriculture Market, By Type, 2019-2033 (USD Million)
18.1. Global Digital Agriculture Market Size and Market Share By Type (2019-2026)18.2. Global Digital Agriculture Market Size and Market Share By Type (2027-2033)
19. Global Digital Agriculture Market, By Technology, 2019-2033 (USD Million)
19.1. Global Digital Agriculture Market Size and Market Share By Technology (2019-2026)19.2. Global Digital Agriculture Market Size and Market Share By Technology (2027-2033)
20. Global Digital Agriculture Market, By Operation, 2019-2033 (USD Million)
20.1. Global Digital Agriculture Market Size and Market Share By Operation (2019-2026)20.2. Global Digital Agriculture Market Size and Market Share By Operation (2027-2033)
21. Global Digital Agriculture Market, By Deployment, 2019-2033 (USD Million)
21.1. Global Digital Agriculture Market Size and Market Share By Deployment (2019-2026)21.2. Global Digital Agriculture Market Size and Market Share By Deployment (2027-2033)
22. Global Digital Agriculture Market, By Company Type, 2019-2033 (USD Million)
22.1. Global Digital Agriculture Market Size and Market Share By Company Type (2019-2026)22.2. Global Digital Agriculture Market Size and Market Share By Company Type (2027-2033)
23. Global Digital Agriculture Market, By Designation, 2019-2033 (USD Million)
23.1. Global Digital Agriculture Market Size and Market Share By Designation (2019-2026)23.2. Global Digital Agriculture Market Size and Market Share By Designation (2027-2033)
24. Global Digital Agriculture Market, By Application, 2019-2033 (USD Million)
24.1. Global Digital Agriculture Market Size and Market Share By Application (2019-2026)24.2. Global Digital Agriculture Market Size and Market Share By Application (2027-2033)
25. Global Digital Agriculture Market, By Offering, 2019-2033 (USD Million)
25.1. Global Digital Agriculture Market Size and Market Share By Offering (2019-2026)25.2. Global Digital Agriculture Market Size and Market Share By Offering (2027-2033)
26. Global Digital Agriculture Market, By Region, 2019-2033 (USD Million)
26.1. Global Digital Agriculture Market Size and Market Share By Region (2019-2026)26.2. Global Digital Agriculture Market Size and Market Share By Region (2027-2033)26.3. Asia-Pacific
26.3.1. Australia26.3.2. China26.3.3. India26.3.4. Japan26.3.5. South Korea26.3.6. Rest of Asia-Pacific
26.4. Europe
26.4.1. France26.4.2. Germany26.4.3. Italy26.4.4. Spain26.4.5. United Kingdom26.4.6. Rest of Europe
26.5. Middle East and Africa
26.5.1. Kingdom of Saudi Arabia26.5.2. United Arab Emirates26.5.3. Rest of Middle East & Africa
26.6. North America
26.6.1. Canada26.6.2. Mexico26.6.3. United States
26.7. Latin America
26.7.1. Argentina26.7.2. Brazil26.7.3. Rest of Latin America
27. Company Profile
27.1. Accenture
27.1.1. Company details27.1.2. Financial outlook27.1.3. Product summary27.1.4. Recent developments
27.2. Ag Gateway
27.2.1. Company details27.2.2. Financial outlook27.2.3. Product summary27.2.4. Recent developments
27.3. AGCO Corporation
27.3.1. Company details27.3.2. Financial outlook27.3.3. Product summary27.3.4. Recent developments
27.4. Agreena
27.4.1. Company details27.4.2. Financial outlook27.4.3. Product summary27.4.4. Recent developments
27.5. Agri Webb
27.5.1. Company details27.5.2. Financial outlook27.5.3. Product summary27.5.4. Recent developments
27.6. AKVA Group
27.6.1. Company details
27.6.2. Financial outlook27.6.3. Product summary27.6.4. Recent developments
27.7. BASF SE
27.7.1. Company details27.7.2. Financial outlook27.7.3. Product summary27.7.4. Recent developments
27.8. Bayer Crop science AG
27.8.1. Company details27.8.2. Financial outlook27.8.3. Product summary
27.8.4. Recent developments
27.9. CISCO Systems Inc.
27.9.1. Company details27.9.2. Financial outlook27.9.3. Product summary27.9.4. Recent developments
27.10. CropX Inc.
27.10.1. Company details27.10.2. Financial outlook27.10.3. Product summary27.10.4. Recent developments
27.11. Deere & Company
27.11.1. Company details27.11.2. Financial outlook27.11.3. Product summary27.11.4. Recent developments
27.12. DeLaval
27.12.1. Company details27.12.2. Financial outlook27.12.3. Product summary27.12.4. Recent developments
27.13. Digital Globe
27.13.1. Company details27.13.2. Financial outlook27.13.3. Product summary27.13.4. Recent developments
27.14. DJI
27.14.1. Company details27.14.2. Financial outlook27.14.3. Product summary27.14.4. Recent developments
27.15. DTN
27.15.1. Company details27.15.2. Financial outlook27.15.3. Product summary27.15.4. Recent developments
27.16. Epicor Software Corporation
27.16.1. Company details27.16.2. Financial outlook27.16.3. Product summary27.16.4. Recent developments
27.17. Eurofins Scientific
27.17.1. Company details27.17.2. Financial outlook27.17.3. Product summary27.17.4. Recent developments
27.18. Farmers Business Network
27.18.1. Company details27.18.2. Financial outlook27.18.3. Product summary27.18.4. Recent developments
27.19. Farmers Edge Inc.
27.19.1. Company details27.19.2. Financial outlook27.19.3. Product summary27.19.4. Recent developments
27.20. Gamaya, Hexagon AB
27.20.1. Company details27.20.2. Financial outlook27.20.3. Product summary27.20.4. Recent developments
27.21. IBM Corporation
27.21.1. Company details27.21.2. Financial outlook27.21.3. Product summary27.21.4. Recent developments
27.22. Monsanto Company
27.22.1. Company details27.22.2. Financial outlook27.22.3. Product summary27.22.4. Recent developments
27.23. Precision Hawk
27.23.1. Company details27.23.2. Financial outlook27.23.3. Product summary27.23.4. Recent developments
27.24. Raven Industries
27.24.1. Company details27.24.2. Financial outlook27.24.3. Product summary27.24.4. Recent developments
27.25. Small Robot Company
27.25.1. Company details27.25.2. Financial outlook27.25.3. Product summary27.25.4. Recent developments
27.26. Syngenta AG
27.26.1. Company details27.26.2. Financial outlook27.26.3. Product summary27.26.4. Recent developments
27.27. Taranis
27.27.1. Company details27.27.2. Financial outlook27.27.3. Product summary27.27.4. Recent developments
27.28. Telus agriculture
27.28.1. Company details27.28.2. Financial outlook27.28.3. Product summary27.28.4. Recent developments
27.29. Trimble Inc.
27.29.1. Company details27.29.2. Financial outlook27.29.3. Product summary27.29.4. Recent developments
27.30. Vodafone Group Plc
27.30.1. Company details27.30.2. Financial outlook27.30.3. Product summary27.30.4. Recent developments
27.31. Zemdirbių Konsultacijos UAB
27.31.1. Company details27.31.2. Financial outlook27.31.3. Product summary27.31.4. Recent developments
28. List of Abbreviations
29. Reference Links
30. Conclusion
31. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
The North America and Europe region is anticipated to have the highest market share in the Digital Agriculture Market.
The key players in the market include Companies Covered Accenture, Ag Gateway, AGCO Corporation, Agreena, Agri Webb, AKVA Group, BASF SE, Bayer Crop science AG, CISCO Systems Inc., CropX Inc.
Technology advancements, such as reduced resource waste and increased output, as well as wise government policy, are expanding awareness of digital agriculture and supporting in its adoption.
The Digital Agriculture Market is projected to reach USD 55.40 billion by 2033, growing at a CAGR of 10.76% during the forecast period.
The Digital Agriculture Market grew in market size from 2022. The Market is expected to reach USD 55.40 billion by 2033, at a CAGR of 10.76% during the forecast period.
The Digital Agriculture Market CAGR of 10.76% during the forecast period.
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The Digital Agriculture Market size is USD 55.40 billion from 2023 to 2033.
The Digital Agriculture Market segment is Covered By Component, By Type, By Technology, By Operation, By Deployment, By Company Type, By Designation, By Application, By Offering.
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