According to the report published by Allied Market Research, Digital Agriculture Market Share Reach USD 51.3 Billion by 2033 Growing at 10.5% CAGR. The report provides an extensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape. This research offers valuable able guidance to leading players, investors, shareholders, and startups in devising strategies for sustainable growth and gaining a competitive edge in the market.
The global digital agriculture market was valued at $18.6 billion in 2023, and is projected to reach $51.3 billion by 2033, growing at a CAGR of 10.5% from 2024 to 2033.
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The growth of the digital agriculture market is primarily driven by the increase in adoption of precision farming techniques, rise in demand for food security, and advancements in agricultural technologies. Farmers are leveraging digital solutions such as AI, IoT, big data analytics, and remote sensing to optimize resource utilization, improve crop yields, and enhance sustainability. The growing penetration of cloud-based farm management software and automation technologies, including drones and autonomous tractors, is further boosting adoption. Moreover, climate change concerns and the need for efficient water and soil management are pushing farmers toward data-driven decision-making. Investments from aggrotech startups and collaborations between technology providers and agricultural enterprises are also fueling innovation in digital agriculture.
The digital agriculture market is segmented on the basis of component, application, technology, and region. By component, the market is divided into hardware, software, and service. In terms of application, the market is segregated into precision farming & farm management, livestock monitoring, supply chain, financial management, and others. By technology, the digital farming market is categorized into AI, drones, IoT, automation, and others. On the basis of region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The report analyzes profiles of key players operating in the digital agriculture market such as John Deere, Trimble Inc., AGCO Corporation, Bayer AG, Indigo Ag, Agreena ApS, ecoRobotix SA, IBM Corporation, Microsoft Corporation, Gamaya, AgEagle Aerial Systems Inc., CNH Industrial N.V., TOPCON CORPORATION, BASF Digital Farming GmbH, Digital Agriculture Services Pty Ltd, Bosch Global Software Technologies Pvt Ltd., Wipro, Yara International ASA, AGRIVI Ltd., and Small Robot Company. These players have adopted various strategies to increase their market penetration and strengthen their position in the digital agriculture market forecast.
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