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Worldwide Industry for Digital Agriculture to 2025 – Featuring IBM, Microsoft and Raven Industries Among Others

DUBLIN–(BUSINESS WIRE)–Jan 8, 2021–

The “Global Digital Agriculture Market – Forecasts from 2020 to 2025” report has been added to ResearchAndMarkets.com’s offering.

The Global Digital Agriculture market is expected to grow at a compound annual growth rate of 10.26% over the forecast period to reach a market size of US$20.713 billion in 2025 from US$11.527 billion in 2019.

Digital Agriculture is known as the use of novel, advanced and innovative technologies, integrated into one specific system or software, to allow various stakeholders such as farmers, researchers, and others, that are working within the agriculture system or a value chain, to enhance their crop yield and food production. According to the Food and Agriculture Organisation (FAO), By 2050, the global population will be around 9.1 Billion and developing countries will register significant growth in the rise of the overall population. Urbanization continues to surge at an exponential rate, and about 70% of the global population would live in urban areas by 2050. There will be a substantial rise in the overall income by 2050.

The importance of digital agriculture will continue to grow, as there will be a need to enhance food production and yields. Food production has to be increased by 70% from today. Annual cereal production should be around 3 billion tonnes and annual meat production has to be around 470 million tonnes, by 2050. FAO Study stated that 90% of the growth in the production of food and crops, will come from substantial investments in technology, intensification, and a significant surge in cropping intensity. The responsibility of private and public sectors will continue to grow, as there will be huge pressure on these sectors, to meet the global demand. There is a need to preserve and secure natural resources, which cannot happen without the use of artificial intelligence and the internet of things.

According to the United Nations Global Impact Organisation, the market is expected to reach USD 15 Billion, by 2021. Around 80% of the companies, that were surveyed, expect growth in their revenue and overall competitive advantage, with the usage of digitalization in agriculture.

Companies Mentioned

  • IBM Corporation
  • Microsoft Corporation
  • HummingBird Technologies
  • AGCO Corporation
  • Gamaya SA
  • Bayer CropScience AG
  • Deere & Company
  • Easytosee Agtech
  • Small Robot Company
  • Raven Industries

Digital Agriculture Market has the perspective to facilitate most of the Sustainable Development Goals.

Some of these goals and objectives are:

1. Zero Hunger: Digitalization in agriculture helps in the enhancement and productivity of yield per acre, without impacting the environment and avoiding extra waste. It will also boost transparency and the sharing of credible information. This will help farmers to upgrade their financial and economic models.

2. Sustainable Management of Water: Digital Agriculture helps in the evaluation and understanding of crop health, soil moisture, and weather forecasting. It also helps in the reduction of chemicals used in the local water bodies.

3. Sustainable Communities and Cities: Digital Agriculture enhances more eco-friendly and sustainable growth of a city or a region, through finer waste management, because of the enhancement of irrigation across the crop and food value chain.

Key Topics Covered:

1. Introduction

1.1. Market Definition

1.2. Market Segmentation

2. Research Methodology

2.1. Research Data

2.2. Assumptions

3. Executive Summary

3.1. Research Highlights

4. Market Dynamics

4.1. Market Drivers

4.2. Market Restraints

4.3. Porters Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. The Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. Global Digital Agriculture Market Analysis, by Type (Value in US$ Million)

5.1. Introduction

5.2. Crop Monitoring

5.3. Artificial Intelligence

5.4. Precision Farming

6. Global Digital Agriculture Market Analysis, by Applications (Value in US$ Million)

6.1. Introduction

6.2. Field Mapping

6.3. Crop Scouting

6.4. Weather Tracking

6.5. Drone Analytics

6.6. Financial Management

6.7. Farm Inventory Management

6.8. Others

7. Global Digital Agriculture Market Analysis, by Geography (Value in US$ Million)

7.1. Introduction

7.2. North America (Value in US$ Million)

7.3. South America (Value in US$ Million)

7.4. Europe (Value in US$ Million)

7.5. The Middle East and Africa (Value in US$ Million) (Volume in Tons)

7.6. Asia-Pacific (Value in US$ Million) (Volume in Tons)

8. Competitive Environment and Analysis

8.1. Major Players and Strategy Analysis

8.2. Emerging Players and Market Lucrativeness

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Vendor Competitiveness Matrix

9. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/r/ljqfwk

View source version on businesswire.com:https://www.businesswire.com/news/home/20210108005348/en/

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KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY PROFESSIONAL SERVICES FOOD/BEVERAGE AGRICULTURE OTHER TECHNOLOGY NATURAL RESOURCES RETAIL SOFTWARE INTERNET ENVIRONMENT FINANCE

SOURCE: Research and Markets

Copyright Business Wire 2021.

PUB: 01/08/2021 09:31 AM/DISC: 01/08/2021 09:31 AM

http://www.businesswire.com/news/home/20210108005348/en