Digital Agriculture Market 2025-2034: Key Highlights, Growth Dynamics, and Emerging Trends
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
How Are Key Drivers in the Industry Acting as Catalysts for the Growth of theDigital Agriculture Market?
The growth of the digital agriculture market is anticipated to be fueled by the increasing population. This increase in population reflects the net result of the discrepancies between births and deaths, and immigration and emigration across nations, territories, or specific geographic areas. Technologies like Artificial Intelligence and the Internet of Things present immense opportunities to transform agricultural intelligence by enhancing yield and minimizing food wastage. For example, as per The United Nations (UN), US-based entity dedicated to upholding global peace and security, the world population has been steadily increasing. It’s projected to rise by nearly 2 billion in the next three decades, soaring from the present 8 billion to around 9.7 billion by 2050. This surge involves demographic changes such as the aging populace and fluctuating growth rates in different geographical regions. Consequently, the escalating population is a significant driver of the digital agriculture market’s growth.
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#How Does the ProjectedDigital Agriculture Market Growth Compare Over the Forecast Period?
The significant expansion of the digital agriculture market in recent times is undeniable. From standing at $14.98 billion in 2024, it is forecasted to escalate to $16.25 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 8.5%. The substantial rise during the historic period may be credited to the embrace of precision agriculture techniques coupled with increasing population, escalating food demand, and prevailing climate change worries.
The size of the digital agriculture market is predicted to surge considerably over the coming years, increasing to $26.94 billion by 2029 with a compound annual growth rate (CAGR) of 13.5%. This upswing during the forecast period can be attributed to factors such as 5G connectivity in countryside locations, government initiatives and subsidies, along with worldwide connectivity and increased access to information. Key trends expected to shape this period include the use of digital twins and simulation models, breakthroughs in sensor technologies, precision farming approaches, the incorporation of AI and machine learning in crop management, as well as farm management software platforms.
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What Are the Current Market Growth and Trends in theDigital Agriculture Market That Industry Players Should Watch?
Leading corporations within the digital agriculture industry are keen to infiltrate the market with intelligence technologies, such as generative artificial intelligence, to maintain their market stand. The incorporation of generative artificial intelligence into the agricultural sector catalyzes a radical shift in farming techniques by applying state-of-the-art technologies to deliver real-time information, thereby contributing to the optimization of crop production and supply chain management. A case in point is the July 2024 launch of Sage, an agricultural intelligence platform developed by Cropin Technology Solutions, an agricultural technology company based in India. This platform, powered by Google Gemini, uses generative AI to improve both crop yield and supply chain management. Sage maps the farming landscape on a grid, offering options like 3×3 meters, 10×10 meters, or even 5×5 kilometers, for precise and swift data production. It is a vital tool for corporations, seed producers, and government institutions, enabling them to make well-informed choices regarding cultivation methods, crop selection, irrigation, climate, and soil management. In addition, it propels precise and sustainable farming, steering the agriculture sector with pioneering technologies.
What Are the Major Market Players Making an Impact on theDigital Agriculture Market Growth?
Major companies operating in the digital agriculture market include Microsoft Corporation, International Business Machines Corporation, Bayer AG, Deere & Company, Cisco Systems Inc., Badische Anilin- und Sodafabrik (BASF), Syngenta AG, Farmers Edge Inc., Yara International ASA, AGCO Corporation, Eurofins Scientific SE, FluroSat Ltd., Trimble Inc., Topcon Positioning Systems Inc., Benson Hill Inc., DTN LLC, Iteris Inc., Raven Industries Inc., Granular Inc., Ag Leader Technology Inc., Deveron UAS Ltd., Arable Labs Inc., Taranis Services Ltd., Descartes Labs Inc., AgJunction Inc., GeoVisual Analytics, AgriWebb Pty Ltd., Conservis Corporation, Hummingbird Technologies Ltd., Gamaya SA, PrecisionHawk Inc., Aerobotics Ltd., AgriWebb Pty Ltd., FarmLogs Inc., Tillable Inc.
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How Are the Key Segments of the Digital Agriculture Market Driving Opportunities and Innovations?
The digital agriculture market covered in this report is segmented –
1) By Type: Crop Monitoring, Artificial Intelligence, Precision Farming
2) By Company Type: Tier 1-55%, Tier 2-20%, Tier 3-25%
3) By Deployment: Cloud, On-Premise
4) By Applications: Field Mapping, Crop Scouting, Weather Tracking, Drone Analytics, Financial Management, Farm Inventory Management, Other Applications
Subsegments:
1) By Crop Monitoring: Remote Sensing: Drones For Crop Surveillance, Soil And Crop Health Monitoring, Yield Prediction Tools
2) By Artificial Intelligence: Machine Learning For Crop Management, Predictive Analytics, AI-Powered Pest And Disease Detection, Automation In Farming Operations
3) By Precision Farming: Variable Rate Technology (VRT), Geographic Information System (GIS) Mapping, Automated Irrigation Systems, Smart Farm Equipment And Machinery
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What Regions Are At the Forefront of #How Are Key Drivers in the Industry Acting as Catalysts for the Growth of theDigital Agriculture Market?# Market Expansion?
North America was the largest region in the digital agriculture market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the digital agriculture market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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