Digital Agriculture Market Segmented By Crop Monitoring (Solution, Technology, and Application), By Artificial Intelligence (Deployment, and Application), By Precision Farming (Type, and Application), and By Region (North America, Latin America, Europe, Middle East, South Africa, Asia Pacific, and Rest of the World) – Insights on Impact of COVID-19 on the Digital Agriculture Market Growth 2021-2026
Digital Agriculture Market Research Overview:
Digital Agriculture Market size valued xx.x USD Billion in 2021, and it is expected to reach USD x.x Billion by the end of 2026, with growth at a CAGR of X.X% during the forecast period 2021-2026.
Digital agriculture is the application of smart agriculture and precision farming techniques, external and internal networking of the farm, and these forms are used on internet-based data stands together with big data studies. Digital farming has the possibility to transform agriculture and compromise significant benefits to society and farmers. It supports in hastening the production capacity by means of progressive digital equipment. This type of agricultural benefits in crops, extracting field, hydration information, and nutrient to forecast the results through treated and combined data generation.
Increasing concerns about food security and food are expected to expose a number of new chances for the industry to flourish. The United States is expected to capitalize an important share in simplifying the environment for future foods. There is continuous stress on the farmers to produce supplementary food and animal feed, with reduced volumes of elements. Simultaneously, it is important to use a smaller amount of energy and manual labor, while refining the organization of water and ecological land.
The smart agriculture market is expected to witness a marginal dip in 2020 due to the COVID-19 pandemic as the movement restriction and lock-downs have resulted in disturbances in the supply chain, though the use of remote observing equipment and farm controlling software tackles could hint at advanced acceptance throughout post-COVID-19 time. COVID-19 has upset the supply chain of dissimilar verticals of the smart agriculture market, which involved livestock monitoring, precision farming, aquaculture, and forestry, and greenhouse. The firms are discovering new prospects to cooperate with cultivators and farmers by leveraging progressive technologies.
With this precision agriculture, agriculturalists can upsurge their revenue by 35% to 60%/acre. It will also pledge water pollution from agriculture. Indian agriculture has been traditionally dependent on rain and weather variation has completed farmers tremendously vulnerable to crop damage. Therefore, understandings from artificial intelligence over the agriculture life cycle will benefit decrease risk and uncertainty in agriculture actions. In recent years, Indian agricultural guidelines have seen a foremost improvement to digital agriculture.
Impact of COVID-19 on the Digital Agriculture Market:
The smart greenhouse market has been affected but the COVID-19 pandemic. The customer request is not yet perfect for the time being, nevertheless, it is predictable that the request for commodities will look a drop in the short term as a bulk mandate from hotels or restaurants has stopped because of shutting and lockdowns.
Precision agriculture supports farmers to identify seeds, which type of the number of fertilizers, seeds have to be planted, the best time to harvest the crops, which need to be applied as well as the estimated output from the harvests. Therefore, the use of precision agriculture software, such as AgDNA, MapShots, AgroSense, will support to upsurge crop production thus refining soil condition.
Digital Agriculture Market Segmentation:
Digital Agriculture Market is segmented by Crop Monitoring, By Artificial Intelligence, and Precision Farming.
On the basis of Crop Monitoring, it is sub divided into Solution, Technology, and Application. Based on Artificial Intelligence divided into Deployment and Application. Based on Precision Farming into Type, and Application.
Our Research Insights focused on regions and as well as country level:
Geographically, the market classified by North America into the USA, Canada. By Latin America into Brazil, Argentina, Mexico. By Europe into UK, Germany, Spain, France, London, Italy, and rest of the European countries. The Middle East and Africa into UAE, KSA, Qatar, and South Africa. The Asia Pacific into India, China, Japan, Malaysia, Singapore, Australia, and the Rest of the APAC countries
Digital Agriculture Market Region Insights (Sample Analysis)
North America region is anticipated to increase at a higher CAGR throughout the assessment period. This is accredited to the growing procedure of digital farming equipment, especially in Canada, and the United States of America, and alongside the large investment in the Research & Development undertakings to take technological progression in the farming procedures. Furthermore, the expansion of plentiful farming controlling equipment and software will additionally recompense the way for increasing the demand of the digital agriculture market in the future coming years.
The Asia Pacific Digital agriculture market is the major market worldwide. Amongst all the countries in the Asia Pacific, India is leading the APAC region by being the biggest adopter of digital agriculture during the forecast period.
Digital Agriculture Market Prominent Companies Profiled:
The major key companies covered in the global market report are; Trimble Inc., Vodafone Group PLC, Salt Mobile SA, Deere & Company, Accenture, IBM, Hexagon, Epicor Software Corporation, and Others.
Digital Agriculture Market By Crop Monitoring:
Digital Agriculture Market By Artificial Intelligence:
Digital Agriculture Market By Precision Farming:
Digital Agriculture Market By Region:
- North America
- Latin America
- Middle East
- South Africa
- Asia Pacific
- Rest of the World
Market Key Companies Profiled:
- Trimble Inc
- Vodafone Group PLC
- Salt Mobile SA
- Deere & Company
- Epicor Software Corporation
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