Global Digital Farming Market : Global Industry Analysis Outlook By Size, Share, Growth, Trends And Forecast 2024
Recent report published by research nester titled “Digital Farming
Market: Global Demand Analysis & Opportunity Outlook 2024”
delivers detailed overview of the global digital farming market in terms of
market segmentation by application, by components and by region.
Further,
for the in-depth analysis, the report encompasses the industry growth drivers,
restraints, supply and demand risk, market attractiveness, BPS analysis and
Porter’s five force model.
The
global digital farming market is segmented into component type which includes
software, hardware, others. Among these segments, hardware segment is likely to
be the dominating segment during the forecast period. Digital faming involves a
number of hardware components including GPS (global positioning system),
steering devices, receivers and other variable rate technologies. Further, the
use of hardware components in digital farming is likely to increase due to
rising need for minimization of input and to increase land productivity.
The Final
Report will cover the impact analysis of COVID-19 on this industry @https://www.researchnester.com/sample-request-440
Digital
farming or digital agriculture is basically the use of IT in agriculture and it
involves applications of connected machinery and other digital agriculture
technologies. Digital farming is used to improve overall farm production, to
improve financial performance and to help farmers to boost their farms
productivity by means of advanced digital technology. Further, involvement of
digital technology in farming is an evolution in agriculture sector and has
positively impacted the efficiency and sustainability of the farms. Digital
farming deals with use of biology and technology together in order to help
farmers to do precise farming.
Global
digital farming market is anticipated to flourish at a remarkable pace over the
forecast period i.e.2017–2024. Rising world population and rapidly decreasing
arable land are some of the major factors which are propelling the growth of
global digital farming market in order to improve overall efficiency and
production of available arable lands.
Implementation of smart
technologies in agriculture
Digital
farming is basically a combination of smart machines & connected machines.
Further, growing adoption of smart and connected machines in order to improve
overall farm yield is a major factor which is predicted to fuel the growth of
global digital farming market.
Moreover,
rapid introduction of advanced agricultural machines such as unmanned tractors,
agricultural robots and agricultural drones are also fuelling the growth of
global market of digital farming.
Growth Drivers & Challenges
Global
digital farming market is primarily driven by factors such as growing global
population and rising need for effective agriculture solution which can boost
efficiency and production of arable lands. In addition to this, rising
penetration of advanced technologies in agriculture sector coupled with growing
need for high production of grains and vegetables are key factors which are
likely to drive the growth of global digital farming market.
Additionally,
increasing population of green farming across the globe is fueling the growth
of digital farming market. Moreover, additional benefits of digital farming
such as livestock monitoring, precision farming, higher productivity and low
investment are fueling the adoption of digital farming globally. Further, these
additional benefits of digital farming are likely to drive the growth of global
digital farming market.
Rising
demand for quality crops in amount to meet the growing need of grains and
vegetables is also a major factor which has led farmers to adopt digital
farming solution at their fields in order to improve productivity of arable
lands.
This
report also provides the existing competitive scenario of some of the key
players of the global digital farming market which includes company profiling:
Vodafone
Group PLC, Trimble Navigation Ltd., Cisco Systems Inc., Salt Mobile SA,
Accenture PLC, Deere & Co., IBM Corporation, Epicor Software Corporation,
Hexagone AB.
The Final
Report will cover the impact analysis of COVID-19 on this industry @https://www.researchnester.com/sample-request-440
The
profiling enfolds key information of the companies which encompasses business
overview, products and services, key financials and recent news and
developments. On the whole, the report depicts detailed overview of the global
digital farming market that will help industry consultants, equipment
manufacturers, existing players searching for expansion opportunities, new
players searching possibilities and other stakeholders to align their market
centric strategies according to the ongoing and expected trends in the future.
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information, please contact:AJ
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Research
Nester
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