New York, United States, Jun 08, 2020, 11:55 /Comserve / -- Rising world population and rapidly decreasing arable land are some of the major factors which are propelling the growth of the global digital farming market in order to improve the overall efficiency and production of available arable lands.
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.
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Market Segmentation
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.
Geographically, global digital farming market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Moreover, North America region accounted for a major share of the global market and is dominating the global market of digital farming market. High investment in research and development in advanced agriculture techniques and presence of some major players in digital farming solutions are expected to be the major factors behind the growth of digital farming market in this region.
Apart from this, Asia Pacific region is expected to be the fastest growing market in digital farming during the forecast period. This growth of digital farming market in this region can be attributed to rapid acceleration of population in this region and increasing penetration of advanced agriculture solutions as well.
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Key Players
Vodafone Group PLC
Company Overview
Key Product Offering
Business Strategy
SWOT Analysis
Financials
Trimble Navigation Ltd.
Cisco Systems Inc.
Salt Mobile SA
Accenture PLC
Deere & Co.
IBM Corporation
Epicor Software Corporation
Hexagone AB
Scope & Context
Market Segmentation
Our-in depth analysis of the global digital farming market includes the following segments:
By Component
Hardware
Software
Others
By Application
Precision Farming
Live Stock Monitoring
Green House Farming
Others
By Region
Global digital farming market is further classified on the basis of region as follows:
North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
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