Latest update on Digital Agriculture Market Analysis report published with an extensive market research, Digital Agriculture market growth analysis and Projection by – 2025. this report is highly predictive as it holds the over all market analysis of topmost companies into the Digital Agriculture industry. With the classified Digital Agriculture market research based on various growing regions this report provide leading players portfolio along with sales, growth, market share and so on.
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
This report has keen to several extents of analysis - industry research (global industry trends) and Digital Agriculture market share analysis of topmost companies, along with company profiles, and which cooperatively include about the ultimate views regarding the Digital Agriculture market landscape, emerging and an evolutionary segments of Digital Agriculture market.
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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
The report provides insights on the following sections:
- Market Penetration: Provides comprehensive information on sulfuric acid offered by the key players in the Global Digital Agriculture Market.
- Product Development and Innovation: Provides intelligent insights on future technologies, R & D activities, and new product developments in the Global Digital Agriculture Market.
- Market Development: Provides in-depth information about lucrative emerging markets and analyzes the markets for the Global Digital Agriculture Market.
- Market Diversification: Provides detailed information about new products launches, untapped geographies, recent developments, and investments in the Global Digital Agriculture Market.
- Competitive Assessment and Intelligence: Provides an exhaustive assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the Global Digital Agriculture Market.
Moreover, increasing product launches catering to diversified needs of the agricultural sector increases the product portfolio driving the market growth. For Instance: inPrecision 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.
Major Companies covered in Digital Agriculture market report are: Farmers Edge, AgriWebb, Monsanto Company, Bayer Cropscience Limited, Deere & Company, Accenture PLC, Syngenta, AgGateway, Aglytix Inc., CropX Inc., Farmers Business Network
Important takeaways from the study:
- The Digital Agriculture market report plays host to a superfluity of deliverables which will prove highly beneficial. Say for instance , the report underlines the knowledge concerning market competition trends – highly essential data subject to competitor intelligence and therefore the ongoing Digital Agriculture market trends that might enable shareholders to remain competitive and make the foremost of the expansion opportunities prevailing within the Digital Agriculture market.
- Another vital takeaway from the report are often credited to the market concentration rate that might aid investors to take a position on the present sales dominance and therefore the plausible trends of the longer term.
- Further deliverables provided within the report include details regarding the sales channels deployed by prominent vendors to retail their stance within the industry. a number of these include direct and indirect marketing.
A Pin-point overview of TOC of Digital Agriculture Market are:
Overview and Scope of Digital Agriculture Market
- Research goal & scope
- Research assumptions
- Research Methodology
- Key take-away
- Stakeholders
- Market Segmentation
Digital Agriculture Market Insights
- Industry snapshot
- Regulatory Framework
- Digital Agriculture Market Dynamics
- Digital Agriculture Market Forces
- Digital Agriculture Market Driver Analysis
- Digital Agriculture Market Restraint/Challenges analysis
- Digital Agriculture Market Opportunity Analysis
- Factors Influencing Development of Digital Agriculture Market
- Driving Forces and Market Opportunities
- Threats and Challenges in Digital Agriculture industry
- Forecast on Digital Agriculture Market Size
- Forecast on Digital Agriculture Market Trend
Industry analysis - Porter's Five Force
- Digital Agriculture Market PEST Analysis
- Digital Agriculture Market Value Chain Analysis
- Digital Agriculture Industry Trends
- Company Market Share Analysis
Company Profiles
- Overview
- Product Benchmarking
- Recent Developments and Technological Advancement
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