Unveiling the Growth Trajectory: Global Digital Agriculture Market Analysis

The Digital Agriculture Market, as scrutinized in a detailed report by MarketsandMarkets, is positioned for substantial growth, with an estimated valuation of USD 18.0 billion in 2022, projected to reach USD 29.8 billion by 2027. The market's evolution, driven by technological advancements and a surge in government investments, reflects the agriculture sector's quest for innovative solutions amidst ecosystem changes and disruptions.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=235909745

Factors Driving Market Growth:

A primary catalyst for the expansion of the digital agriculture market is the negative impact of ecosystem changes on agriculture. This has prompted farmers to seek advanced technologies to safeguard crops and livestock from diseases and disruptions. Government bodies' increased investment in technology adoption, coupled with key players' intensified research and development efforts, contributes to the market's growth. The integration of remote sensing devices plays a pivotal role, enabling farmers to monitor weather conditions, map soil properties, detect livestock growth, and manage forests efficiently.

Peripheral Technology Dominates:

The report emphasizes that peripheral technology, encompassing devices like smartphones and computers, holds the largest market share. This technology's integration of both hardware and software facilitates remote farm operation, providing vital information about crop health, soil conditions, and water flow. The data collected are stored in cloud systems, optimizing production from remote locations.

Hardware Takes the Lead:

In terms of types, the hardware segment is projected to dominate the digital agriculture market. The widespread use of hardware tools, devices, and components in precision farming, aquaculture, livestock management, forestry, and smart greenhouse practices contributes significantly to this segment's market share.

Operational Segmentation:

The digital agriculture market is categorized into farming & feeding, monitoring & scouting, and marketing & demand generation operations. The farming and feeding segment is poised for significant growth, driven by the technology's ability to enhance farm productivity, automate processes, and provide comprehensive monitoring of crop health, livestock, and feeding patterns.

Precision Agriculture and Farm Management Lead Offerings:

The precision agriculture and farm management segment is highlighted as a major contributor to the market, encompassing precision agriculture, aquaculture, livestock management, and forestry. This offering monitors and optimizes activities throughout the value chain, enhancing farm efficiency, productivity, and profitability.

Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=235909745

Regional Dynamics:

North America commands the largest share in the global digital agriculture market, attributed to factors such as expansive farmland availability, widespread adoption of hardware and software in large farms, a substantial livestock population, and competitive prices of agricultural machinery and equipment.

Conclusion:

This comprehensive analysis unravels the growth trajectory of the global digital agriculture market, emphasizing technological nuances, operational dynamics, and regional influences. With a focus on innovation and efficiency, the market is poised for continued expansion, driven by the collective efforts of government initiatives, research and development endeavors, and the integration of advanced technologies by key industry players.

View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/digital-agriculture-market-235909745.html

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

This release was published on openPR.