Digital Agriculture Market to reach over USD 51.35 billion by the year 2031 - Exclusive Report by InsightAce Analytic
The Global Digital Agriculture Market is estimated to reach over USD 51.35 billion by 2031, exhibiting a CAGR of 11.55% during the forecast period.
Digital Agriculture Market Report Scope:
Request for Free Sample Pages: https://www.insightaceanalytic.com/request-sample/2321
Digital agriculture applies cutting-edge technology such as artificial intelligence (AI), the Internet of Things (IoT), and big data analytics. Moreover, it employs automated systems, smart crop sensors, and drones to track how farmers use water, fertilizer, pesticides, and crops to get the most out of their crops. The demand for food is rising in tandem with the world population because of the scarcity of arable land. Digital agriculture has emerged as a solution for better crop monitoring and management to address the need for food security and environmentally responsible farming methods. Rising food consumption due to the world's rapidly expanding population is one of numerous reasons for the recent market explosion.
Furthermore, demand for autonomous agricultural equipment is growing in many nations due to a need for workable workers. Not to mention that creative irrigation techniques are being used increasingly due to the growing water scarcity. With everything mentioned above, it's no wonder the digital farming business is expected to flourish. However, digital agriculture technology requires significant initial investments for acquisition, setup, and training. Due to this cost, smaller or less financially stable farmers may need help accessing specific markets.
List of Prominent Players in the Digital Agriculture Market:
Market Dynamics:
Drivers-
The growing demand for the digital agriculture market is fueled because more and more people are learning about the benefits of digital agriculture for crop yields, and the worldwide market for agricultural products and services has grown substantially.
One of the main factors propelling the digital agriculture market is the positive impact that technological breakthroughs and innovations have on farmers' ability to maximize output while decreasing losses and optimizing resource utilization. As precision agriculture technology becomes more widely used, the digital agriculture market experiences global expansion.
Challenges:
The prime challenge is insufficient technological knowledge, a shortage of competent individuals, and a lack of norms and protocol because of lockdowns and isolation in emerging countries, which is predicted to slow the growth of the digital agriculture market. More people need to learn about digital agriculture and participate in training programs for these technologies to be widely used and effective. That could be a setback for digital agriculture's chances of bringing about a farming sector revolution and generally boosting agricultural sustainability and production.
Regional Trends:
The North American digital agriculture market is anticipated to register a major market share in terms of revenue. It is projected to grow at a high CAGR in the near future because renowned producers of agricultural equipment are located there. Market growth in North America is expected to be driven by increasing government efforts and guidelines to enhance the agriculture industry over the projected period. Besides, Europe had a substantial share in the market because of the dependable producers' financial situation, availability of cutting-edge technology, solid infrastructure, and enhanced supply network. With the support of an efficient administrative system, farmers may learn all they need to know to operate and maintain precision farming equipment, which should increase demand in the e-commerce agricultural market in the area.
Curious about this latest version of the report? @https://www.insightaceanalytic.com/enquiry-before-buying/2321
Recent Developments:
Segmentation of Digital Agriculture Market-
Digital Agriculture Market By Offering-
Digital Agriculture Market By Technology-
Digital Agriculture Market By Operation-
Digital Agriculture Market By Type-
By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
For More Customization @ https://www.insightaceanalytic.com/customisation/2321
Why should buy this report:
Other Related Reports Published by InsightAce Analytic:
Farm Management Software and Data Analytics Market
Augmented Reality In Agriculture Market
Autonomous Agriculture Equipment Market
About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
Contact US:
InsightAce Analytic Pvt. Ltd.
Tel.: +1 718 593 4405
Email: [email protected]
Site Visit: www.insightaceanalytic.com
Follow Us on LinkedIn @ bit.ly/2tBXsgS
View original content:https://www.prnewswire.co.uk/news-releases/digital-agriculture-market-to-reach-over-usd-51-35-billion-by-the-year-2031---exclusive-report-by-insightace-analytic-302071095.html
