USD 18 billion
Digital Farming Market Size, Share, Growth Analysis, By Hardware(Sensors, drones, and robotics), By Software(Farm management platforms, data analytics, and AI-driven decision support systems), By Services(Digital farming, Precision agriculture and others), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG45A2126 |
Region:
Global |
Published Date: March, 2024
Pages:
197
|Tables:
89
|Figures:
76
Digital Farming Market Insights
Digital Farming Market size was valued at USD 19.89 Billion in 2023 and is poised to grow from USD 21.98 Billion in 2024 to USD 48.85 Billion by 2032, growing at a CAGR of 10.5% during the forecast period (2025-2032).
The global digital farming market has witnessed significant growth driven by the increasing adoption of advanced technologies such as precision agriculture, IoT, AI, and data analytics in the agricultural sector.
These innovations empower farmers with real-time monitoring, predictive insights, and efficient resource management, enhancing crop yields, reducing costs, and promoting sustainable practices. The market's expansion is further fueled by the growing need to address food security challenges and optimize resource utilization.
With ongoing technological advancements and a focus on sustainable farming practices, the digital farming market is poised for continued evolution, transforming traditional agriculture into a digitally connected and data-driven ecosystem.
US Digital Farming Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Precision agriculture
Fastest Growth
Precision agriculture
Growth Rate
10.5% CAGR
Global digital farming market by region
Country Share for North America (%)
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Digital Farming Market Segmental Analysis
The global digital farming market can be segmented into hardware, software, services, and region. Hardware includes sensors, drones, and robotics used for data collection and automation. Software encompasses farm management platforms, data analytics, and AI-driven decision support systems for optimizing agricultural practices. Services involve consultancy, integration, and support for implementing digital solutions. Geographically, the market spans North America, Europe, Asia-Pacific, and the rest of the world.
Digital Farming Market Analysis By Hardware
The farm management software sector stands out as the largest and fastest-growing sector. This is driven by the increasing adoption of advanced software solutions that enable farmers to manage operations more efficiently, make informed decisions, and optimize yields through data-driven insights, thus contributing significantly to the overall transformation of the agriculture industry.
Digital Farming Market Analysis By Software
The largest sector is precision farming, which encompasses technologies like GPS-guided machinery, remote sensing, and data analytics to optimize the use of resources such as water, fertilizers, and pesticides, thereby enhancing crop yields and reducing environmental impact. Precision farming enables farmers to make informed decisions by analyzing real-time data and tailoring actions to specific field conditions. On the other hand, the fastest-growing sector within the digital farming market is agricultural drones. Drones equipped with imaging sensors and advanced data analytics capabilities are being increasingly adopted for crop monitoring, disease detection, and even precision spraying.
Global digital farming market by application
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Digital Farming Market Regional Insights
The global digital farming market is experiencing robust growth across regions as technological advancements revolutionize the agricultural landscape. North America leads the adoption curve with its well-established ag-tech ecosystem, integrating precision agriculture, data analytics, and IoT solutions to enhance yield and sustainability. In Europe, traditional farming powerhouses are embracing digital tools to optimize resource allocation and minimize environmental impact. Meanwhile, Asia-Pacific is witnessing rapid adoption due to the need to feed its burgeoning population, leveraging digital platforms to increase productivity and streamline supply chains. Latin America and Africa are also embracing digital farming to address food security challenges, fostering innovation in crop management and resource utilization. Overall, the global digital farming market is reshaping global agriculture by uniting technology and farming practices for a more efficient and sustainable future.
Global digital farming market by geography
- Largest
- Fastest
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Digital Farming Market Dynamics
Digital Farming Market Drivers
- Technological Advancements: The continuous development and integration of advanced technologies such as precision agriculture, artificial intelligence (AI), Internet of Things (IoT), and data analytics are driving the growth of the global digital farming market. These technologies enhance farmers' ability to monitor and manage their crops and livestock in real time, optimize resource utilization, and make informed decisions, ultimately leading to improved productivity and efficiency.
- Need for Sustainable Agriculture: Growing concerns about food security, environmental sustainability, and efficient resource management are pushing for the adoption of digital farming practices. Digital farming enables more precise and targeted application of inputs such as fertilizers, pesticides, and water, reducing waste and minimizing environmental impact. As the global population increases, the demand for sustainable agricultural practices is likely to fuel the adoption of digital farming solutions.
Digital Farming Market Restraints
- High Initial Costs: The implementation of digital farming technologies often requires significant upfront investment in hardware, software, sensors, and infrastructure. Farmers, especially those in developing regions or with limited resources, may find it challenging to afford these initial costs. The cost of adoption can be a major barrier and slow down the widespread adoption of digital farming solutions.
- Lack of Technical Knowledge and Training: Many farmers, particularly those in traditional agricultural settings, may lack the necessary technical skills and knowledge to effectively implement and manage digital farming technologies. Without proper training and education, farmers may struggle to fully leverage the potential benefits of these tools. Bridging the knowledge gap and providing accessible training programs are crucial to overcoming this restraint.
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Digital Farming Market Competitive Landscape
The global digital farming market features intense competition among key players striving to advance precision agriculture technologies. Industry leaders such as John Deere, Bayer AG, and Syngenta AG are driving innovation through IoT-enabled devices, data analytics, and AI-driven solutions. New entrants like Indigo Agriculture and AgBiome are also gaining traction with novel bioinformatics and microbial-based approaches. Collaborative ventures, mergers, and strategic partnerships are reshaping the landscape as companies vie to enhance crop yields, optimize resource utilization, and foster sustainable agricultural practices in an increasingly interconnected digital ecosystem.
Digital Farming Market Top Player’s Company Profiles
- CNH Industrial - United Kingdom (parent company of New Holland Agriculture and Case IH)
- AGCO Corporation - United States
- Topcon Corporation - Japan
- DeLaval Inc. - Sweden (focuses on dairy farming technology)
- Climate Corporation (owned by Bayer) - United States
- Yara International - Norway
- Precision Planting (a subsidiary of The Climate Corporation) - United States
- AgJunction - United States
- Ag Leader Technology - United States
- Iteris Inc. - United States
- Granular (Corteva Agriscience) - United States
- Gamaya - Switzerland
- AeroFarms - United States (vertical farming technology)
- Farmers Edge - Canada
- Hexagon Agriculture - Brazil
- Agribotix - United States
- Blue River Technology (acquired by John Deere) - United States
Digital Farming Market Recent Developments
- In 2023, IBM launched its Food Trust blockchain platform, which is designed to improve food traceability and transparency. This platform can be used by farmers, food processors, and retailers to track the movement of food from farm to fork.
- In 2023, John Deere launched its See & Spray Exact application system, which uses AI to apply herbicides only where they are needed. This system can help farmers to reduce herbicide use and improve crop yields.
Digital Farming Key Market Trends
- Precision Agriculture and Data Analytics: Precision agriculture was gaining significant momentum in the digital farming market. Farmers were increasingly adopting technologies such as GPS-guided machinery, drones, and sensors to collect data about their fields. This data was then analyzed using advanced analytics and machine learning algorithms to gain insights into crop health, soil conditions, weather patterns, and more. These insights helped farmers optimize their planting, irrigation, and fertilization practices, leading to increased yields and resource efficiency.
- IoT and Connectivity: The Internet of Things (IoT) was playing a crucial role in digital farming. Connected sensors and devices were being deployed across agricultural fields to monitor various parameters such as soil moisture, temperature, and humidity. These devices transmitted real-time data to centralized platforms, enabling farmers to make informed decisions promptly. IoT also facilitated the automation of tasks such as irrigation and pest control, reducing manual intervention and operational costs.
- Farm Management Software and Platforms: Farm management software and digital platforms were emerging as essential tools for farmers to streamline their operations. These platforms integrated data from various sources, such as sensors, satellite imagery, and machinery, providing farmers with a comprehensive view of their fields. Through these platforms, farmers could plan planting schedules, manage inventory, monitor equipment performance, and analyze historical data to optimize their practices.
Digital Farming Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analysis, the global digital farming market holds promising prospects for the future, driven by the convergence of advanced technologies and agriculture. With the increasing need to feed a growing global population while minimizing environmental impact, digital farming solutions are poised to play a pivotal role. These solutions encompass precision agriculture, AI-driven analytics, IoT-enabled sensors, and data-driven decision-making, enhancing crop yields, resource efficiency, and sustainability. The integration of real-time data, satellite imagery, and machine learning algorithms will empower farmers to make informed choices, optimize resource allocation, and mitigate risks. As climate change continues to challenge traditional farming practices, the digital transformation of agriculture is expected to enable adaptive strategies, resilience, and innovation, thereby reshaping the landscape of global food production and supply in a more efficient, responsive, and eco-friendly manner.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 18 billion |
| Market size value in 2031 | USD 44.21 billion |
| Growth Rate | 10.5% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Digital Farming Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Digital Farming Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Digital Farming Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Digital Farming Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Digital Farming Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Digital Farming Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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