Digital Agriculture Market is Projected to Reach $36.0 billion by 2028

The digital transformation in agriculture is reshaping global food production, as indicated by a recent research report from MarketsandMarkets. Valued at USD 22.0 billion in 2023, the digital agriculture industry is expected to soar to USD 36.0 billion by 2028, driven by a robust compound annual growth rate (CAGR) of 10.3%. This growth is fueled by a myriad of technologies and initiatives aimed at optimizing farming practices, enhancing yields, and promoting sustainable agriculture.

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The integration of digital tools such as precision farming, data analytics, and monitoring systems is paramount in revolutionizing traditional agricultural methods. These technologies not only improve productivity but also contribute to better governance in the sector by enabling transparent and efficient decision-making processes. Notably, initiatives like India's NeGPA showcase a commitment to leveraging digital innovations, including artificial intelligence (AI), machine learning (ML), Internet of Things (IoT), and blockchain, to drive data-driven agricultural strategies.

Within this digital landscape, automation and control systems emerge as key drivers of growth, with hardware solutions leading the charge. These systems, ranging from sensor-equipped machinery to automated equipment, promise to optimize resource utilization and enhance overall efficiency in farming operations. Moreover, the development of Precision Agriculture Connectivity Infrastructure provides the necessary backbone for deploying advanced technologies, further propelling the sector towards sustainable and technologically advanced farming practices.

The rise of agricultural robots and autonomous systems underscores the expanding role of automation in agriculture. These innovations, applied across various farming domains including field farming, dairy management, and horticulture, enhance operational efficiency and pave the way for future advancements in smart farming practices.

In leading markets like the United States, substantial investments in research and development, coupled with widespread adoption of digital technologies, ensure a dominant position in the global digital agriculture landscape. Technologies such as yield maps, soil maps, and automated guidance systems are increasingly prevalent, driving operational efficiency and crop yields. As these technologies become more accessible and their benefits more apparent, broader adoption across diverse crops is anticipated, further fueling the growth of digital agriculture.

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Prominent industry players such as Cisco Systems, IBM Corporation, and Deere & Company wield substantial influence in shaping the digital agriculture market. With robust manufacturing facilities and established distribution networks, these entities play a pivotal role in driving innovation and accessibility of digital solutions across key regions worldwide.

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Browse Other Agriculture Industry Reports:

Mycorrhizae-based Biofertilizers Market by Type (Ectomycorrhizae and Endomycorrhizae), Form (Liquid and Solid (Powder and Granules)), Mode of Application, Application (Agricultural and Non-agricultural) and Region - Global Forecast to 2027
https://www.marketsandmarkets.com/Market-Reports/mycorrhizae-based-biofertilizers-market-20486754.html

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