Global Digital Agriculture Market Size study, by Smart Farming Systems (Livestock Monitoring, Yield Monitoring, Crop Scouting, Field Mapping, Real-Time Safety Testing, and Climate Smart) and Regional Forecasts 2020-2027

  • Report Code : BIZ2080619
  • Published On: Oct, 2020
  • Category : Agriculture
  • Pages : 200

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  • Global Digital Agriculture Market is valued approximately USD 5.3 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 10.20% over the forecast period 2020-2027. Digital farming is the implementation of IT in the agriculture sector while involving applications connected to machinery and other digital agriculture technologies. Digital farming improves overall farm production. The involvement of digital technology has positively impacted the sustainability and efficiency of the farms. Digital agriculture refers to tools that digitally collect, store, analyze, and share electronic data and/or information along the agricultural value chain. The convergence of IT with agriculture coupled with government initiatives and decline in sensor prices drives the market growth. According to the Farm Profits and Adoption of Precision Agriculture study in 2017, yield mapping is used on about 40% of US corn and soybean acres, GPS soil maps on about 30%, guidance on over 50%, and VRT on 28-34% of acres. Further, the Penetration of AI and IoT in the agriculture fuel the market growth as these technologies use smart sensors providing a connected environment along with remote monitoring capabilities resulting in higher adoption of devices. As per Statista, the global Agriculture IoT penetration in precision farming accounted to 38.93% and is projected to reach 39.49% by 2023. Moreover, increasing product launches catering to diversified needs of the agricultural sector increases the product portfolio driving the market growth. For Instance: in

    Precision Planting LLC in January 2019, introduced two new products. First, SmartDepth, an automated solution for managing depth of the planter. Second FurrowForce closing systems, which automates furrow closing row by row and provides visibility to closing performance on a 20*20 display. However high implementation and operational costs impedes the growth of the market over the forecast period of 2020-2027. Although, tremendous research in order to develop new techniques to increase the product portfolio presents a lucrative opportunity for the market.

    The regional analysis of global Digital Agriculture market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the growing modernization in the agricultural sector and presence of major market players in the region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rising disposable income, rising population would create lucrative growth prospects for the Digital Agriculture market across Asia-Pacific region.


    Major market player included in this report are:

    Farmers Edge

    AgriWebb

    Monsanto Company

    Bayer Cropscience Limited

    Deere & Company

    Accenture PLC

    Syngenta

    AgGateway

    Aglytix Inc.

    CropX Inc.

    Farmers Business Network

    The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-
    segment of the market are explained below:

    By Smart Farming Systems:

    Livestock Monitoring

    Yield Monitoring

    Crop Scouting

    Field Mapping

    Real-Time Safety Testing

    Climate Smart

    By Region:

    North America

    U.S.

    Canada

    Europe

    UK

    Germany

    France

    Spain

    Italy

    ROE

    Asia Pacific

    China

    India

    Japan

    Australia

    South Korea

    RoAPAC

    Latin America

    Brazil

    Mexico

    Rest of the World


    Furthermore, years considered for the study are as follows:

    Historical year – 2017, 2018

    Base year – 2019

    Forecast period – 2020 to 2027

    Target Audience of the Global Digital Agriculture Market in Market Study:

    Key Consulting Companies & Advisors

    Large, medium-sized, and small enterprises

    Venture capitalists

    Value-Added Resellers (VARs)

    Third-party knowledge providers

    Investment bankers

    Investors

     

  • With tables and figures helping analyze worldwide Global Digital Agriculture market, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.

    Chapter 1. Executive Summary
    1.1. Market Snapshot
    1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
    1.2.1. Digital Agriculture Market, by Region, 2018-2027 (USD Billion)
    1.2.2. Digital Agriculture Market, by Smart Farming Systems, 2018-2027 (USD Billion)
    1.3. Key Trends
    1.4. Estimation Methodology
    1.5. Research Assumption
    Chapter 2. Global Digital Agriculture Market Definition and Scope
    2.1. Objective of the Study
    2.2. Market Definition & Scope
    2.2.1. Scope of the Study
    2.2.2. Industry Evolution
    2.3. Years Considered for the Study
    2.4. Currency Conversion Rates
    Chapter 3. Global Digital Agriculture Market Dynamics
    3.1. Digital Agriculture Market Impact Analysis (2018-2027)
    3.1.1. Market Drivers
    3.1.2. Market Challenges
    3.1.3. Market Opportunities
    Chapter 4. Global Digital Agriculture Market Industry Analysis
    4.1. Porter’s 5 Force Model
    4.1.1. Bargaining Power of Suppliers
    4.1.2. Bargaining Power of Buyers
    4.1.3. Threat of New Entrants
    4.1.4. Threat of Substitutes
    4.1.5. Competitive Rivalry
    4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)
    4.2. PEST Analysis
    4.2.1. Political
    4.2.2. Economical
    4.2.3. Social
    4.2.4. Technological
    4.3. Investment Adoption Model
    4.4. Analyst Recommendation & Conclusion
    Chapter 5. Global Digital Agriculture Market, by Smart Farming Systems
    5.1. Market Snapshot
    5.2. Global Digital Agriculture Market by Smart Farming Systems, Performance - Potential Analysis
    5.3. Global Digital Agriculture Market Estimates & Forecasts by Smart Farming Systems 2017-2027 (USD Billion)
    5.4. Digital Agriculture Market, Sub Segment Analysis
    5.4.1. Livestock Monitoring
    5.4.2. Yield Monitoring
    5.4.3. Crop Scouting
    5.4.4. Field Mapping
    5.4.5. Real-Time Safety Testing
    5.4.6. Climate Smart
    Chapter 6. Global Digital Agriculture Market, Regional Analysis
    6.1. Digital Agriculture Market, Regional Market Snapshot
    6.2. North America Digital Agriculture Market
    6.2.1. U.S. Digital Agriculture Market
    6.2.1.1. Smart Farming Systems breakdown estimates & forecasts, 2017-2027
    6.2.2. Canada Digital Agriculture Market
    6.3. Europe Digital Agriculture Market Snapshot
    6.3.1. U.K. Digital Agriculture Market
    6.3.2. Germany Digital Agriculture Market
    6.3.3. France Digital Agriculture Market
    6.3.4. Spain Digital Agriculture Market
    6.3.5. Italy Digital Agriculture Market
    6.3.6. Rest of Europe Digital Agriculture Market
    6.4. Asia-Pacific Digital Agriculture Market Snapshot
    6.4.1. China Digital Agriculture Market
    6.4.2. India Digital Agriculture Market
    6.4.3. Japan Digital Agriculture Market
    6.4.4. Australia Digital Agriculture Market
    6.4.5. South Korea Digital Agriculture Market
    6.4.6. Rest of Asia Pacific Digital Agriculture Market
    6.5. Latin America Digital Agriculture Market Snapshot
    6.5.1. Brazil Digital Agriculture Market
    6.5.2. Mexico Digital Agriculture Market
    6.6. Rest of The World Digital Agriculture Market
    Chapter 7. Competitive Intelligence
    7.1. Top Market Strategies
    7.2. Company Profiles
    7.2.1. Farmers Edge
    7.2.1.1. Key Information
    7.2.1.2. Overview
    7.2.1.3. Financial (Subject to Data Availability)
    7.2.1.4. Product Summary
    7.2.1.5. Recent Developments
    7.2.2. AgriWebb
    7.2.3. Monsanto Company
    7.2.4. Bayer Cropscience Limited
    7.2.5. Deere & Company
    7.2.6. Accenture PLC
    7.2.7. Syngenta
    7.2.8. AgGateway
    7.2.9. Aglytix Inc.
    7.2.10. CropX Inc.
    7.2.11. Farmers Business Network
    Chapter 8. Research Process
    8.1. Research Process
    8.1.1. Data Mining
    8.1.2. Analysis
    8.1.3. Market Estimation
    8.1.4. Validation
    8.1.5. Publishing
    8.2. Research Attributes
    8.3. Research Assumption

     

  • The Global Digital Agriculture Market has been segregated into various crucial divisions including applications, types, and regions. Each market segment is intensively studied in the report contemplating its market acceptance, worthiness, demand, and growth prospects. The segmentation analysis will help the client to customize their marketing approach to have a better command of each segment and to identify the most prospective customer base.

    Report Objectives / Segmentation Covered :
    By Companies / players:
    • Farmers Edge
    • AgriWebb
    • Monsanto Company
    • Bayer Cropscience Limited
    • Deere & Company
    • Accenture PLC
    • Syngenta
    • AgGateway
    • Aglytix Inc.
    • CropX Inc.
    • Farmers Business Network
    By Regions:
    • North America
    • U.S.
    • Canada
    • Europe
    • UK
    • Germany
    • France
    • Spain
    • Italy
    • ROE
    • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • RoAPAC
    • Latin America
    • Brazil
    • Mexico
    • Rest of the World
    By Type:
      By Application:
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      Research objectives

      Where will all these developments take the industry in the long

      To study and analyze the global Market consumption (value & volume) by key regions/countries, product type and application, history data from 2015 to 2019, and forecast to 2025.

      What are the future opportunities in the market?

      To understand the structure of Market by identifying its various subsegments.

      What are the major driving forces expected to impact the development of the market market across different regions?

      To analyze the market with respect to individual growth trends, future prospects, and their contribution to the total market.

      Which industry trends are likely to shape the future of the industry during the forecast period 2020-2025?

      To project the consumption of market submarkets, with respect to key regions.

      Who are the major driving forces expected to decide the fate of the industry worldwide.

      To strategically profile the key players and comprehensively analyze their growth strategies.

      What are the key barriers and threats believed to hinder the development of the industry?

      To analyze competitive developments such as expansions,agreements, new product launches, and acquisitions in the market.

      Who are the prominent market players making a mark in the market with their winning strategies?

      To share detailed information about the key factors influencing the growth of the market

      What will be the growth rate and the market size of the industry for the forecast period 2020-2025?

      Focuses on the key global market Vendors, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.

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