PUBLISHER: The Business Research Company | PRODUCT CODE: 1675161
PUBLISHER: The Business Research Company | PRODUCT CODE: 1675161
Digital agriculture applies advanced technologies to boost food production, enhance productivity, reduce costs, prevent soil deterioration, minimize chemical use, and improve water management in farming.
Digital agriculture encompasses key elements such as crop monitoring, artificial intelligence, and precision farming. Crop monitoring involves the digital surveillance of crop growth and performance, integral to effective agricultural management. Companies in this domain are categorized across tiers, with 55% falling under tier 1, 20% in tier 2, and 25% in tier 3. These digital agriculture solutions are deployed through cloud-based and on-premises systems, catering to various applications such as field mapping, crop scouting, weather tracking, drone analytics, financial management, farm inventory management, and other agricultural applications aimed at optimizing farming processes and outcomes.
The digital agriculture market research report is one of a series of new reports from The Business Research Company that provides digital agriculture market statistics, including digital agriculture industry global market size, regional shares, competitors with a digital agriculture market share, detailed digital agriculture market segments, market trends and opportunities, and any further data you may need to thrive in the digital agriculture industry. This digital agriculture 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 agriculture market size has grown strongly in recent years. It will grow from $14.98 billion in 2024 to $16.25 billion in 2025 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to adoption of precision agriculture, growing population and food demand, climate change concerns.
The digital agriculture market size is expected to see rapid growth in the next few years. It will grow to $26.94 billion in 2029 at a compound annual growth rate (CAGR) of 13.5%. The growth in the forecast period can be attributed to 5G connectivity in rural areas, government initiatives and subsidies, global connectivity and access to information. Major trends in the forecast period include digital twins and simulation models, advancements in sensor technologies, precision farming technologies, AI and machine learning in crop management, farm management software platforms.
The projected growth in population is set to fuel advancements in the digital agriculture market. This rise in population, encompassing birth rates, mortality rates, and migration figures, globally or within specific regions, presents an impetus for agricultural technology innovation. Artificial intelligence and the Internet of Things stand poised to transform agricultural intelligence, enhancing yields and curbing food losses. Notably, according to The United Nations in December 2023, the global population is anticipated to swell by nearly 2 billion individuals in the next three decades, reaching 9.7 billion by 2050, ushering in demographic shifts and varied growth rates across regions.
The increasing environmental concerns are projected to drive the growth of the digital agriculture market in the coming years. These concerns encompass a variety of issues related to the degradation and depletion of natural resources, pollution, climate change, and other factors that threaten ecosystems and human well-being. The digital agriculture market plays a crucial role in addressing these environmental challenges by promoting sustainable farming practices through precision technologies and data-driven insights. For example, a report from the World Resources Institute, a U.S.-based organization focused on environmental and sustainability issues, indicated in April 2024 that global tree cover loss rose by 24% in 2023, increasing from 22.8 million hectares in 2022 to 28.3 million hectares. Additionally, a report from the International Energy Agency (IEA), an autonomous intergovernmental organization based in France, noted in March 2024 that global energy-related carbon dioxide (CO2) emissions increased by 1.1% in 2023, amounting to an additional 410 million metric tons (Mt CO2) compared to 321 million metric tons in 2022, reaching a record high of over 37.4 billion metric tons in 2023, compared to 36.8 billion metric tons in 2022. Therefore, the rise in environmental concerns is fueling the growth of the digital agriculture market.
Major companies in the digital agriculture sector are focusing on integrating intelligent technologies, such as generative artificial intelligence (AI), to maintain their market position. Generative AI platforms in agriculture are transforming farming practices by leveraging advanced technologies to deliver real-time data and insights for optimizing crop production and supply chain management. For instance, in July 2024, Cropin Technology Solutions, an India-based agricultural technology company, launched Sage, an agri-intelligence platform powered by Google Gemini. This platform uses generative AI to enhance crop production and supply chains. Sage creates a grid-based map of the agricultural landscape with options of 3x3 meters, 10x10 meters, or 5x5 kilometers, providing precise and rapid data. This technology assists companies, seed manufacturers, and governments in making informed decisions regarding cultivation practices, crops, irrigation, climate, and soil, while promoting precision and sustainable agriculture through innovative solutions.
A commercial digital tool is software, or an application developed and marketed for business or monetary purposes, providing specific functionalities or solutions to meet commercial needs. In September 2022, Syngenta introduced Nema Digital, a pioneering commercial digital tool harnessing satellite imagery to detect harmful nematodes. This innovation aids in swift field management adjustments, integrating seamlessly with the Cropwise platform for user-friendly decision-making, enhancing crop quality, and contributing to sustainability in digital agriculture.
In June 2022, BASF SE, a chemical company based in Germany, acquired Horta for an undisclosed amount. This acquisition is intended to strengthen BASF's portfolio of digital farming solutions by utilizing Horta's innovative agronomic decision support systems. Horta is an Italy-based company that specializes in providing digital farming solutions.
Major companies operating in the digital agriculture market include Microsoft Corporation, International Business Machines Corporation, Bayer AG, Deere & Company, Cisco Systems Inc., Badische Anilin- und Sodafabrik (BASF), Syngenta AG, Farmers Edge Inc., Yara International ASA, AGCO Corporation, Eurofins Scientific SE, FluroSat Ltd., Trimble Inc., Topcon Positioning Systems Inc., Benson Hill Inc., DTN LLC, Iteris Inc., Raven Industries Inc., Granular Inc., Ag Leader Technology Inc., Deveron UAS Ltd., Arable Labs Inc., Taranis Services Ltd., Descartes Labs Inc., AgJunction Inc., GeoVisual Analytics, AgriWebb Pty Ltd., Conservis Corporation, Hummingbird Technologies Ltd., Gamaya SA, PrecisionHawk Inc., Aerobotics Ltd., AgriWebb Pty Ltd., FarmLogs Inc., Tillable Inc.
North America was the largest region in the digital agriculture market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the digital agriculture market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the digital agriculture market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The digital agriculture market consists of revenues earned by entities by providing core and peripheral technology for agriculture. 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 Agriculture 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 agriculture 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 agriculture ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The digital agriculture 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.