Food & Agriculture Trends

The Digital Agriculture Market , currently valued at USD 18.0 billion in 2022, is set for a robust expansion, projecting a climb to USD 29.8 billion by 2027, fueled by a formidable CAGR of 10.5%. The predominant driver of this growth is the adverse impact of ecosystem changes on agriculture, compelling farmers to seek advanced technologies for crop and livestock protection. Increased government investments, intensified R&D by industry leaders, and the integration of remote sensing devices further contribute to the market's momentum. Download PDF Brochure Regional Prowess - North America's Leadership North America takes the lead, claiming the largest share in the global digital agriculture market. The region's manufacturers focus on cutting-edge product developments and strategic partnerships to enhance consumer awareness. Factors such as extensive farmlands, widespread adoption of hardware and software for large-scale farm management, a significant livestock population,...

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. Download PDF Brochure Key players in this market include CISCO Systems, Inc. (US), IBM Corporation (US),...