The digital farming market size is forecast to exceed USD 13.41 billion by 2027 in terms of remuneration, from USD 4.53 billion in 2019, delivering a CAGR of around 14.5% through the forecast period. The market growth is driven by a decline in arable land, a rapidly expanding population base across the globe, and an associated spike in food demand. Estimates suggest that the global population will increase by 40% and reach 9.6 billion by the end of 2050. To cater to the growing food requirements, the overall food production needs to be doubled in the coming years, as the current production rate and distribution method wouldn't be sufficient to feed the expanding population base. This is led to a paradigm shift towards the adoption of advanced technology at various levels of farming for optimum crop production.

The latest report is one of the most sought-after market research documents covering the grave impact of the COVID-19 outbreak current situation on the Digital Farming market. The market intelligence report closely investigates the severe disruptions to this business sphere brought about by the pandemic. The coronavirus outbreak has significantly affected the Digital Farming business landscape, posing threats to the developmental scope of the key manufacturers and buyers involved in this sector. The report further provides expert speculations about the post-COVID-19 scenario of the market.

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Digital farming, which is also referred to as 'Farming 4.0', stems from developments in several different farming technologies, such as data capture, analysis, machine learning, connectivity, satellites, robotics, drones, automation, and sensors. Smart farming technology facilitates the efficient use of resources such as land, fertilizers, water, seeds, and others to improve the overall quality and quantity of farm produce.

The rise in demand for automobiles is expected to drive the market in the coming years. A significant challenge in the market's growth is affected by the unstable price of the raw materials. Market demand is expected to be restrained by the rising demand for plastic-free products. Rising applications of Digital Farming in the coatings and paints are driving the market. The increasing usage of bio-based Digital Farming will also supplement Digital Farming market revenue share through 2027

Regional Analysis:

North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

Competitive Terrain:

The global Digital Farming market has a consolidated presence of a large number of companies that have been performing consistently to achieve optimum market growth. The report comprehensively discusses these companies' current market standing, past performances, demand & supply graphs, sales network, production & consumption patterns, and distribution channels. The report thus points out the effective business approaches undertaken by these market players to build on their market footprint.

The leading companies operating across the global Digital Farming market are listed below:

Vodafone Group PLC, Trimble Inc., Salt Mobile SA, Accenture, Deere & Company, IBM, Epicor Software Corporation, Hexagon, Monsanto Company, Bayer Cropscience Limited, Syngenta, AgGateway, Aglytix Inc., CropX Inc., Farmers Business Network (FBN), BASF SE, and DigitalGlobe.

By Component: (Revenue, USD Million; 2017–2027)

Hardware

Software

Others

By Application: (Revenue, USD Million; 2017–2027)

Precision Farming

Live Stock Monitoring

Green House Farming

Others

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Benefits of Global Digital Farming Market Report:

Comprehensive analysis of the changing market dynamics

A futuristic outlook on different factors influencing the market

An 8-year forecast of the market growth and expected revenue growth

Ease of understanding of the market, key segments, and their future growth

In-depth analysis of the competitive landscape to give an advantageous edge for the companies

Extensive insight into the market with in-depth analysis of the segmentation.

Table Of Contents:

Chapter 1. Market Synopsis

Chapter 2. Executive Summary

Chapter 3. Indicative Metrics

Chapter 4. Digital Farming Market Segmentation & Impact Analysis

Chapter 5. Digital Farming Market, By Type Insights & Trends

Chapter 6. Digital Farming Market, By Application Insights & Trends

Chapter 7. Digital Farming Market, By End Use Insights & Trends

Chapter 8. Digital Farming Market Regional Outlook

Chapter 9. Competitive Landscape

Chapter 10. Company Profiles

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Tags: Digital Farming Market Size, Digital Farming Market Growth, Digital Farming Industry, Digital Farming Market, Digital Farming Market Share, Digital Farming market forecast, Digital Farming market trend, Digital Farming Market 2020, Digital Farming Market COVID-19 Impact Analysis Report

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Contact Information:

John Watson

Head of Business Development

Direct Line: +1-212-710-1370

E-mail: sales@reportsanddata.com