Digital Agriculture Market Overview:
The agricultural and food sector is confronted with a slew of issues. With a predicted worldwide population of nearly 9.5 billion people by 2050, there will be a considerable rise in food consumption. At the same time, natural resources such as fresh water and fertile land are becoming scarcer. Production isn’t the only issue; even though agricultural output is presently sufficient to feed the world, over 600 million people are victims of hunger. The rising rate of urbanization, for example, has significant ramifications for food demand and supply patterns.
The Digital Agriculture Industry Report from Stellar Market Research provides readers with a comprehensive assessment of the global market landscape. This research on the Digital Agriculture Market looks at the scenario from 2021 to 2027, taking 2020 as the base year and historical data from 2016 to 2019. This report assists clients in making core business decisions by providing them with a wealth of information covered in the research.
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Market Scope:
This market research on the Digital Agriculture market is based on in-depth industry analysis backed up by primary and secondary sources. Digital Agriculture’s country-by-country mapping models, which combine local and international financial data along with relevant regulatory and patent databases, are used to assess the market environment. Examining multiple aspects of market impact at the micro and detailed level supports the competitive environment of the Digital Agriculture industry. Digital Agriculture Industry analysts provide forecasts and estimates as well as calculate market prospects by analysing historical data, recent trends, and key company statements.
Segmentation:
The precision farming segment accounted for more than 45% of the digital agriculture market by type in 2020. During the forecast period, this market segment is anticipated to grow at a CAGR of 13.6%. Precision farming is anticipated to expand over time following the COVID-19 pandemic because it enables farmers to monitor the condition of their crops without being physically present in the field through the use of automation. This reduces the need for contact with other people, which is crucial during these times. This farming, as opposed to conventional gardening methods, uses precise proportions of inputs to increase average yields.
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Key Players:
- DTN
- Conservis Corporation
- Raven Industries
- Topcon Positioning Systems
- Gamaya SA
- Easytosee Agtech
- AGCO Corporation
- Trimble Inc
- AgEagle Aerial Systems Inc.
- Bayer CropScience AG
COVID-19 Impact Analysis on Digital Agriculture Market:
The Global Digital Agriculture Market Research Report gives an overview of the sector based on key parameters including sales volume, revenue, and sales forecasting, as well as major drivers. The market is expected to grow considerably throughout the forecasted period (2021-2027). COVID-19’s most recent market ramifications are also included in this study. The global spread of the outbreak has had a broad influence on people’s life. Industries have been forced to adopt new practices, tendencies, and tactics as a result. The case study tries to paint a portrait of the market’s current and future expectations.
About Stellar Market Research:
A market research and consulting company called Stellar Market Research offers consulting services as well as syndicated and custom-made research reports. The company’s products are primarily focused on helping businesses identify, target, and analyse changes in consumer behaviour across demographics and industries in order to help them make better business decisions. The company conducts market intelligence studies in a range of industries, including healthcare, touch points, lawful interceptions, types, and energy, in order to provide pertinent and fact-based research. Stellar Market Research has a sizable staff of highly qualified analysts with expertise in a variety of industries. Due to the company’s expertise in the field and capacity to offer a practical resolution to any research problem, clients can gain a competitive edge over their rivals.
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