Digital Agriculture Market Regional Analysis & Forecast to 2027
Description:The Digital Agriculture Market is estimated to be valued at USD 18.0 billion in 2022. It is projected to reach USD 29.8 billion by 2027, at a CAGR of 10.5%, in terms of value between 2022 and 2027.
The negative impact of ecosystem change on agriculture is the major factor driving the growth of the digital agriculture market. It is also a major driver for the market as farmers are looking for newer technology to help protect crops and livestock from diseases leading to any disruption. Further, increase in investment by government bodies to encourage the adoption of different technology, increasing R&D activities by key players to provide affordable and sustainable solutions to the stakeholders in the value chain, remote sensing devices that enable farmers to monitor weather conditions, map soil properties, detect the growth of livestock, and help in forest management.
North America holds the largest share in the digital agriculture market during the forecast period
The North American region occupies the largest global digital agriculture market share. The regional manufacturers are currently focusing on new product developments and strategic deals such as partnerships, collaborations, and expansions to create more awareness among consumers and cater to the growing demand.
The innovative product development in the region is backed by appropriate research and development facilities available. In North America, the major driving factor is the availability of large farming land, increasing adoption of hardware and software to smoothly manage large farms, a large population of livestock, and low prices of agriculture machinery and equipment.
Asia Pacific is the fastest growing region at a significant CAGR in digital agriculture market.
Increasing modernization in the agriculture industry is a major factor driving the region's growth. The region is dominated by agricultural-dependent countries such as India, China, and Bangladesh.
This report includes a study on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, such as CISCO Systems, Inc. (US), IBM Corporation (US), Accenture (Ireland), Deere & Company (US), Trimble INC. (US), DeLaval (Sweden), AKVA Group (Norway), Hexagon AB (Sweden), DJI (China), Epicor Software Corporation (US), Vodafone Group PLC. (UK), Bayer Cropscience AG (Germany), TELUS AGRICULTURE (Canada), Small Robot Company (England), Zemdirbiu Konsultacijos UAB (England), Raven Industries (US), Gamaya (Switzerland), AGCO Corporation (US), PrecisionHawk (US), Agreena (Denmark), Ceres Imaging (US), Agricultural Consulting Serv ices (US), EC2CE (Spain), Eurofins Scientific (France), and Arable (US).
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