PUBLISHER: The Business Research Company | PRODUCT CODE: 1658991
PUBLISHER: The Business Research Company | PRODUCT CODE: 1658991
Digital farming involves the consistent application of smart farming and precision farming techniques, along with internal and external farm networking and web-based data platforms, all utilized in conjunction with big data analysis. The goal of digital farming is to integrate financial and field-level records for comprehensive farm management.
The main components of digital farming include hardware, software, and other elements. Hardware encompasses tools employed in digital farming to enhance resource utilization and showcase products in various structures. Technologies involved in digital farming include Artificial Intelligence (AI), Machine Learning (ML), Natural Language Processing (NLP), Internet of Things (IoT), blockchain, and big data analytics. The infrastructure of digital farming includes sensing and monitoring, communication technology, cloud and data processing, telematics or positioning, and end-use components. These components are applied in various aspects of digital farming, including yield monitoring, field mapping, crop monitoring, livestock monitoring, real-time safety testing, soil monitoring, and precision farming applications.
The digital farming market research report is one of a series of new reports from The Business Research Company that provides digital farming market statistics, including digital farming industry global market size, regional shares, competitors with digital farming market share, detailed digital farming market segments, market trends, and opportunities, and any further data you may need to thrive in the digital farming industry. This digital farming market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The digital farming market size has grown rapidly in recent years. It will grow from $15.74 billion in 2024 to $17.83 billion in 2025 at a compound annual growth rate (CAGR) of 13.3%. The growth in the historic period can be attributed to precision agriculture adoption, advancements in sensor technologies, big data analytics in agriculture, government initiatives and subsidies, improved connectivity in rural areas.
The digital farming market size is expected to see rapid growth in the next few years. It will grow to $30.21 billion in 2029 at a compound annual growth rate (CAGR) of 14.1%. The growth in the forecast period can be attributed to AI and machine learning integration, blockchain for supply chain transparency, 5g technology implementation, increasing demand for food, digital twin technology. Major trends in the forecast period include 5g technology implementation, robotic farming systems, digital twin technology, climate-smart agriculture solutions, collaboration between agtech companies.
The increasing demand for food is anticipated to drive the growth of the digital farming market in the coming years. Food consists mainly of proteins, carbohydrates, fats, and other nutrients that organisms use for growth, essential functions, and energy production. Digital farming, or precision agriculture, utilizes technological solutions to enhance agricultural productivity through reliable farm management and monitoring. As food demand rises, digital farming practices are increasingly being adopted to meet this need. For example, a report by The Food and Agriculture Organization, a Canadian arm of the United Nations that provides access to food and agriculture data, states that global food production must increase by 70% to satisfy the needs of a projected world population exceeding 9 billion by 2050. In terms of volume, food demand is expected to reach around 10,094 million tons by 2030 and 14,886 million tons by 2050. Thus, the growing demand for food is propelling the digital farming market.
The growth of the population is also projected to enhance the digital farming market in the future. Population growth is defined as the difference between births and deaths, as well as the difference between immigrants and emigrants, either globally or in specific regions. Technologies such as artificial intelligence and the Internet of Things could transform farming intelligence by boosting yields and minimizing food loss. For instance, a report released by the United Nations in July 2022 indicates that the global population is expected to reach approximately 8.5 billion by 2030 and rise to 9.7 billion by 2050. It is anticipated that the population may peak at around 10.4 billion in the 2080s. Therefore, the increase in population is driving the growth of the digital farming market during the forecast period.
Technological innovations are a prominent trend gaining traction in the digital farming market. Leading companies in this sector are concentrating on developing new technologies to maintain their market presence. For example, in August 2022, CropX Technologies, an Israel-based ag-analytics firm specializing in cloud-based software aimed at conserving water and energy, introduced a continuous nitrogen leaching monitoring feature. This new capability continuously tracks salt and nitrogen movement in the soil. By monitoring and reducing the environmental impact of nitrogen leaching, farmers can enhance productivity and promote plant and soil health. The CropX technology integrates real-time data from soil sensors that measure soil moisture, temperature, and electrical conductivity (EC) with custom algorithms developed and tested by a team of in-house agronomists. This data is then presented on the dashboard of the CropX farm management system for easy viewing and reporting.
Key companies in the digital farming sector are focused on incorporating AI to better serve their customers and maintain their market position. For instance, in July 2024, Cropin Technology, an India-based agricultural technology firm, launched Cropin Sage. Powered by Google Gemini, Cropin Sage is the first real-time agri-intelligence solution that converts the global agricultural landscape into a proprietary grid-based map, available in options of 3x3 meters, 10x10 meters, or 5x5 kilometers. This system delivers data and intelligence with unprecedented scale, speed, and accuracy. It enables consumer packaged goods (CPG) companies, seed manufacturers, food processors, multilateral organizations, financial institutions, and governments to make informed, data-driven decisions based on historical, current, and predictive insights related to cultivation practices, crops, irrigation, climate, and soil. Sage enhances the Cropin Cloud platform, assisting agri-food businesses in future-proofing their production and supply chains.
In June 2022, BASF, a leading Germany-based chemical producer, successfully acquired Horta S.r.l. for an undisclosed amount. This strategic acquisition is anticipated to enhance BASF's portfolio of digital agricultural solutions, enabling its clients to capitalize on the growth potential and opportunities presented by digitization in the agriculture sector. Horta S.r.l., the acquired company, is an Italy-based developer specializing in decision support systems platforms that provide sustainable crop management solutions. The acquisition aligns with BASF's commitment to advancing innovation in agriculture and leveraging digital technologies to offer comprehensive solutions to its clients.
Major companies operating in the digital farming market are Bayer AG, Syngenta AG, BASF SE, John Deere, Trimble Inc., AGCO Corporation, Raven Industries, Farmers Edge, Taranis, Climate Corporation, Granular, Ag Leader Technology, Topcon Positioning Group, Hexagon Agriculture, Corteva Agriscience, Kubota Corporation, Yara International, CNH Industrial N.V., Monsanto Company, SST Software, AgJunction Inc., Prospera Technologies, FieldView, CropX, PrecisionHawk, FarmLogs, Agroptima, Sentera, Xarvio, Planet Labs
North America was the largest region in the digital farming market share in 2024. The regions covered in the digital farming market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the digital farming market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The digital farming market consists of revenues earned by entities by providing animal monitoring, prescriptive fertilizer programs and geospatial mapping services. The market value includes the value of related goods sold by the service provider or included within the service offering. The digital farming market also includes sales of digital hardware systems such as seed trackers that are used in providing digital farming services. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Digital Farming Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on digital farming market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for digital farming ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The digital farming market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.