Digital Agriculture Market Key Insights, Profiling Companies and Growth Strategies by 2027

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Digital Agriculture Market Overview:

A research team conducted extensive primary and secondary research for the Digital Agriculture market analysis. Secondary research was conducted to supplement existing data, segment the market, calculate total market size, and forecast market size and growth rate.

Digital technology’s emergence, accessibility, and flexibility are revolutionizing agricultural and food production. Cellphone technologies, remote sensing, and cloud services are already enhancing smallholders' access to data, inputs, and markets, improving productivity, simplifying supply chains, and lowering operational expenses in the agricultural and food industry. However, there are several obstacles to overcome in the 'digitalization' of agriculture and the food value chain. Cybersecurity and data protection, labor replacement and re-education, and the possibility of establishing a digital gap across economies, sectors, or individuals with varying ability to accept new technology are all issues that need to be addressed. Regardless of these considerations, digital change in agriculture is unquestionably here to stay..

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Digital Agriculture Market Scope:

The study employs PESTLE analysis to assess the advantages and disadvantages of major market participants. The researcher carefully examines the Digital Agriculture market's size, share, trend, total profit, total revenue, and profit margin to forecast the market and provide investment advice. Subject-matter experts advise on market changes.

The report includes information on the major market participants, in addition to data on capacity and production, price and cost information, company profiles, product images, specifications, and contact information. This report examines the Digital Agriculture market for trends, size, and value at the global, regional, and corporate levels. Using historical data and future projections, this study examines the global market for Digital Agriculture.

Digital Agriculture Market 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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Digital Agriculture Market 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 on Digital Agriculture market:

The COVID-19 outbreak has had a significant impact on the Digital Agriculture market. Due to the global economic downturn and a labour shortage, the development of Digital Agriculture production facilities has been halted. The pandemic of COVID-19 has resulted in a significant and long-term decrease in production utilisation. Furthermore, travel restrictions and facility closures have hampered staff visits, limiting the growth of the Digital Agriculture market in 2020. However, given the high demand for Digital Agriculture, the market effects of COVID-19 are expected to be transient. The industry is expected to fully recover by early 2021.

About Stellar Market Research:

Stellar Market Research is a market research and consulting firm that provides syndicated and custom research reports in addition to consulting services. The main goal of the company's products is to assist businesses in identifying, focusing on, and analysing changes in consumer behaviour across demographics and industries to assist them in making better business decisions. In order to provide relevant and fact-based research, the company conducts market intelligence studies in a variety of industries, including healthcare, touch points, and energy. With experience in many different industries, Stellar Market Research has a sizable staff of highly qualified analysts. Clients can gain a competitive advantage over their rivals thanks to the company's subject-matter expertise and capacity to provide a workable solution to any research problem.

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