Digital Agriculture Market Growth, Industry Analysis By Segmentations, Top Key Players, Rising Trends, Key Players and Future Opportunities Research Report 2033: SPER Market Research
Digital agriculture is all about utilising technology to increase the productivity, sustainability, and profitability of farming. It equips farmers with useful knowledge and tools to overcome obstacles and increase productivity, contributing to a more sustainable and secure supply of food in the future.
According to SPER market research, ‘Digital Agriculture Market Size- By Component, By Type, By Technology, By Operation, By Deployment, By Company Type, By Designation, By Application, By Offering – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Digital Agriculture Market is predicted to reach USD 55.40 billion by 2033 with a CAGR of 10.76%.
The global digital agriculture market is driven by the need to feed a growing population, advancements in technology, climate change challenges, the availability of data and analytics, and the focus on sustainability. These factors are shaping the future of agriculture by making it more efficient, sustainable, and responsive to the needs of our changing world.
Additionally, The global digital agriculture market faces a number of difficulties. The initial cost of putting digital technologies into use is a major obstacle. It can be expensive to buy these technologies, and additional infrastructure and training investments are also necessary. This presents a challenge for small-scale farmers who might lack the funding to implement digital agriculture practises. Farmers who are unfamiliar with or untrained in using such tools may also encounter difficulties due to the complexity of digital agriculture technologies. To effectively use and interpret the data produced by these technologies, one needs technical expertise.
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Furthermore, the COVID-19 pandemic has had a significant impact on the global digital agriculture market. It disrupted global supply chains, affecting the transportation of agricultural products. The pandemic highlighted the importance of food security, leading to increased demand for digital agriculture solutions. However, challenges emerged regarding access and implementation, particularly for farmers in remote areas with limited internet connectivity and lacking the necessary resources. The economic impact of the pandemic also affected farmers’ ability to invest in digital agriculture. Despite these challenges, the pandemic fostered innovation and collaboration, with new solutions being developed and increased support from governments and organizations. Overall, COVID-19 affected the global digital agriculture market by disrupting supply chains, increasing demand, and revealing challenges while also driving innovation and support for the sector.
Geographically, The Asia-Pacific (APAC) region is experiencing rapid expansion, with the agriculture sector’s modernization playing a significant role in driving its growth and success.
Additionally, some of the market key players are Accenture, Ag Gateway, AGCO Corporation, Agreena, Agri Webb, AKVA Group, BASF SE, Bayer Crop science AG, CISCO Systems Inc., CropX Inc., Others.
For More Information, refer to below link:-
Digital Agriculture Market Future Outlook
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