Digital Agriculture MarketPlace Market Size, Strategic Analysis, Growth Drivers, Industry Trends, Demand and Future Opportunities and Forecast Period

 

In 2022, the global digital agriculture marketplace market was estimated to be worth USD 20.8 billion. Over the course of the forecast year, a compound annual growth rate (CAGR) of 9.2% is anticipated. The market is driven by rising food demand, innovation, and agricultural research and development, as well as digitization. The market is expanding as a result of the integration of IoT devices, such as automated machinery, drones, and sensors, in agriculture.

Large-scale dataset analysis, crop production prediction, irrigation optimization, and supply chain management are all made possible by artificial intelligence and machine learning. Food safety and fair trade practices depend on supply chain transparency and traceability, which blockchain technology offers.

 

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Growth Drivers

According to WHO estimates, there will be close to 10 billion people on the planet by 2050. The market is expanding dramatically because to the growing need to produce more food with fewer resources. Digital technologies that assist farmers in adapting to shifting weather patterns and environmental conditions are becoming more and more popular as a result of the need for more resilient agricultural operations. To promote the use of digital technologies in agriculture, the government is providing grants and incentives.

The use of digital technologies and policies that support sustainable agriculture are substantially propelling industry expansion. Customers can use digital marketplaces to track the provenance of their food, guaranteeing that it satisfies quality and sustainability requirements. By maximizing the use of resources like water, fertilizer, and pesticides, digital agriculture lowers input costs. Better crops are produced by precision agriculture guided by digital instruments.

Segmentation

By Component Type

·         Hardware

·         Software

·         Services

By Technology

·         Precision Farming

·         Smart Greenhouse

·         Livestock Monitoring

·         Others

By Application

·         Field Mapping

·         Yield Monitoring

·         Soil Monitoring

·         Crop Scouting

·         Irrigation Management

·         Weather Forecasting

·         Farm Management

By Deployment Mode

·         Cloud Based

·         On-Premise

By Farm Size

·         Small and Medium Size

·         Large Farms

By End-Users

·         Farmers

·         Agricultural Cooperative

·         Research Institutions

·         Government Agencies

Regional Outlook

·         Asia Pacific

·         North America

·         Latin America

·         Middle East and Africa

·         Europe

 

Key Players

·         Accenture

·         Epicor

·         John-Deere

·         CISCO

·         USDA

·         Trimble

·         ICARDA

·         ACFR

·         ISPA

·         Other Players

 

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xResearch is a market research and consulting organization that uses unique data, expert analysis, and new technologies to create trusted intelligence on industries. Our research is focused on delivering an informed and impartial view on essential market data of industry, and it is primarily driven by an in-depth study covering the following parameters: Market Sizing and Forecasting, Market Segmentation, Competitive Analysis, Strategic Assessment and Business Modelling.

                                   

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