Digital Farming Market:
The GMI Research forecasts that the digital farming market is witnessing an upsurge in demand during the forecast period. This is mainly due to the rising demand for vegetables, timber, fruits, and food grains, continuous digitalization, and the increasing production rate and the sharp fall of arable land globally.
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Digital Farming Market’s leading Manufacturers:
- Vodafone Group PLC
- Trimble Inc.
- Salt Mobile SA
- Accenture
- Deere & Company
- IBM
- Epicor Software Corporation
- Hexagon
Digital Farming Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The prominent factors contributing to the growth of the digital farming market size include the rising demand for vegetables, timber, fruits, food grains, the increasing production rate, and the sharp fall of arable land worldwide. Moreover, the continuous digitalization and rapid technological advancement in the agriculture industry has encouraged the adoption of digitalized agriculture techniques to reduce the manual efforts, enhance yield quality as a result propelling the productivity of farmer’s through the application of various equipment and smart devices. In addition to this, the increased population of green farming methods and the rising demand for quality crops among the commercial farmers and growers are further anticipated to promote them to opt for the digital farming method to cater to the growth of the market. The digital farming method provides livestock monitoring, reduced investment, and higher productivity. On the other hand, the factors hindering the growth of the digital farming market include limited awareness associated with digital farming among the farmers and high initial capital cost.
Regional Drivers
Based on the region, North America is projected to increase at a higher CAGR in the upcoming years due to the growing use of digital farming technologies, particularly in Canada and in the United States of America, followed by the growing investment in the research and development activities to provide technological advancement in the farming methods. Furthermore, various farming management software and equipment development will further energize the market’s demand during the forecast period.
Digital Farming Market Segmentation:
Segmentation by Component:
- Hardware
- Software
- Others
Segmentation by Application:
- Precision Farming
- Live Stock Monitoring
- Green House Farming
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that provides syndicated research reports, consulting services, and customized market research reports. Our reports are based on market intelligence studies to ensure relevant and fact-based research across numerous sectors, including healthcare, automotive, information technology & communication, FMCG, and other industries. GMI Research’s deep understanding related to the business environment helps us in generating objective strategic insights. Our research teams consisting of seasoned analysts and researchers have hands-on experience in various regions, including Asia-pacific, Europe, North America, and the Rest of the World. The market research report offers in-depth analysis, which contains refined forecasts, a bird’s eye view of the competitive landscape, factors impacting the market growth, and several other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.
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