Digital Farming Market Key Findings by 2031
Digitization of farming is expected to help feed the growing population. Global population is expected to increase by about 40% and reach 9.6 billion by 2050. Therefore, the overall food production needs to double to meet the rising demand for food. The current production rate, process, and distribution method would not be sufficient to feed the growing population; thus, adoption of new and advanced technology, at various levels of farming, is expected to become vital to meet the growing demand.
MARKET DYNAMICS
Rising population and increasing demand for food are prominent factors driving the digital farming market. Moreover, the growing demand to efficiently deal with pests, weeds, and other diseases is encouraging farmers to digitize their farm. In developing regions, cheaper internet data and strong penetration of smart devices (especially smartphones) are driving the digital farming market. Active participation of governments in digitizing farms through investment is also driving the digital farm market. For instance, in October 2021, the Government of Karnataka (a state in India) signed a memorandum of understanding (MoU) with Microsoft Corporation to empower small farm holders with technology oriented solutions to improve productivity.
MARKET SCOPE
The "Global Digital Farming Market Analysis to 2031" is a specialized and in-depth study of the Digital farming market with a special focus on the global market trend analysis. The report aims to provide an overview of Digital farming market with detailed market segmentation by component, application. The global Digital farming market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Digital farming market player and offers key trends and opportunities in the Digital farming market.
MARKET SEGMENTATION
The global Digital Farming market is segmented on the basis of component, application. On the basis of component, market is segmented as hardware, software, others. On the basis of application, market is segmented as precision farming, live stock monitoring, green house farming, others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Digital farming market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Digital farming market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Digital farming market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the Digital farming market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Digital farming market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Digital farming market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Digital farming market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the Digital farming market in these regions.
MARKET PLAYERS
The reports cover key developments in the Digital farming market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Digital farming market are anticipated to lucrative growth opportunities in the future with the rising demand for Digital farming market. Below mentioned is the list of few companies engaged in the Digital farming market.
The report also includes the profiles of key Digital farming market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Vodafone Group PLC
- Trimble Inc
- Salt Mobile SA,
- Accenture
- Deere and Company
- IBM
- Epicor Software Corporation
- Hexagon
- Monsanto Company
- Aglytix Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Digital Farming Market - By Component
1.3.2Digital Farming Market - By Application
1.3.3Digital Farming Market - By Region
1.3.3.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.DIGITAL FARMING MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS
5.DIGITAL FARMING MARKET - KEY MARKET DYNAMICS
5.1.KEY MARKET DRIVERS
5.2.KEY MARKET RESTRAINTS
5.3.KEY MARKET OPPORTUNITIES
5.4.FUTURE TRENDS
5.5.IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6.DIGITAL FARMING MARKET - GLOBAL MARKET ANALYSIS
6.1.DIGITAL FARMING - GLOBAL MARKET OVERVIEW
6.2.DIGITAL FARMING - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.DIGITAL FARMING MARKET - REVENUE AND FORECASTS TO 2028 â" COMPONENT
7.1.OVERVIEW
7.2.COMPONENT MARKET FORECASTS AND ANALYSIS
7.3.HARDWARE
7.3.1.Overview
7.3.2.Hardware Market Forecast and Analysis
7.4.SOFTWARE
7.4.1.Overview
7.4.2.Software Market Forecast and Analysis
7.5.OTHERS
7.5.1.Overview
7.5.2.Others Market Forecast and Analysis
8.DIGITAL FARMING MARKET - REVENUE AND FORECASTS TO 2028 â" APPLICATION
8.1.OVERVIEW
8.2.APPLICATION MARKET FORECASTS AND ANALYSIS
8.3.PRECISION FARMING
8.3.1.Overview
8.3.2.Precision Farming Market Forecast and Analysis
8.4.LIVE STOCK MONITORING
8.4.1.Overview
8.4.2.Live Stock Monitoring Market Forecast and Analysis
8.5.GREEN HOUSE FARMING
8.5.1.Overview
8.5.2.Green House Farming Market Forecast and Analysis
8.6.OTHERS
8.6.1.Overview
8.6.2.Others Market Forecast and Analysis
9.DIGITAL FARMING MARKET REVENUE AND FORECASTS TO 2028 â" GEOGRAPHICAL ANALYSIS
9.1.NORTH AMERICA
9.1.1North America Digital Farming Market Overview
9.1.2North America Digital Farming Market Forecasts and Analysis
9.1.3North America Digital Farming Market Forecasts and Analysis - By Component
9.1.4North America Digital Farming Market Forecasts and Analysis - By Application
9.1.5North America Digital Farming Market Forecasts and Analysis - By Countries
9.1.5.1United States Digital Farming Market
9.1.5.1.1United States Digital Farming Market by Component
9.1.5.1.2United States Digital Farming Market by Application
9.1.5.2Canada Digital Farming Market
9.1.5.2.1Canada Digital Farming Market by Component
9.1.5.2.2Canada Digital Farming Market by Application
9.1.5.3Mexico Digital Farming Market
9.1.5.3.1Mexico Digital Farming Market by Component
9.1.5.3.2Mexico Digital Farming Market by Application
9.2.EUROPE
9.2.1Europe Digital Farming Market Overview
9.2.2Europe Digital Farming Market Forecasts and Analysis
9.2.3Europe Digital Farming Market Forecasts and Analysis - By Component
9.2.4Europe Digital Farming Market Forecasts and Analysis - By Application
9.2.5Europe Digital Farming Market Forecasts and Analysis - By Countries
9.2.5.1Germany Digital Farming Market
9.2.5.1.1Germany Digital Farming Market by Component
9.2.5.1.2Germany Digital Farming Market by Application
9.2.5.2France Digital Farming Market
9.2.5.2.1France Digital Farming Market by Component
9.2.5.2.2France Digital Farming Market by Application
9.2.5.3Italy Digital Farming Market
9.2.5.3.1Italy Digital Farming Market by Component
9.2.5.3.2Italy Digital Farming Market by Application
9.2.5.4United Kingdom Digital Farming Market
9.2.5.4.1United Kingdom Digital Farming Market by Component
9.2.5.4.2United Kingdom Digital Farming Market by Application
9.2.5.5Russia Digital Farming Market
9.2.5.5.1Russia Digital Farming Market by Component
9.2.5.5.2Russia Digital Farming Market by Application
9.2.5.6Rest of Europe Digital Farming Market
9.2.5.6.1Rest of Europe Digital Farming Market by Component
9.2.5.6.2Rest of Europe Digital Farming Market by Application
9.3.ASIA-PACIFIC
9.3.1Asia-Pacific Digital Farming Market Overview
9.3.2Asia-Pacific Digital Farming Market Forecasts and Analysis
9.3.3Asia-Pacific Digital Farming Market Forecasts and Analysis - By Component
9.3.4Asia-Pacific Digital Farming Market Forecasts and Analysis - By Application
9.3.5Asia-Pacific Digital Farming Market Forecasts and Analysis - By Countries
9.3.5.1Australia Digital Farming Market
9.3.5.1.1Australia Digital Farming Market by Component
9.3.5.1.2Australia Digital Farming Market by Application
9.3.5.2China Digital Farming Market
9.3.5.2.1China Digital Farming Market by Component
9.3.5.2.2China Digital Farming Market by Application
9.3.5.3India Digital Farming Market
9.3.5.3.1India Digital Farming Market by Component
9.3.5.3.2India Digital Farming Market by Application
9.3.5.4Japan Digital Farming Market
9.3.5.4.1Japan Digital Farming Market by Component
9.3.5.4.2Japan Digital Farming Market by Application
9.3.5.5South Korea Digital Farming Market
9.3.5.5.1South Korea Digital Farming Market by Component
9.3.5.5.2South Korea Digital Farming Market by Application
9.3.5.6Rest of Asia-Pacific Digital Farming Market
9.3.5.6.1Rest of Asia-Pacific Digital Farming Market by Component
9.3.5.6.2Rest of Asia-Pacific Digital Farming Market by Application
9.4.MIDDLE EAST AND AFRICA
9.4.1Middle East and Africa Digital Farming Market Overview
9.4.2Middle East and Africa Digital Farming Market Forecasts and Analysis
9.4.3Middle East and Africa Digital Farming Market Forecasts and Analysis - By Component
9.4.4Middle East and Africa Digital Farming Market Forecasts and Analysis - By Application
9.4.5Middle East and Africa Digital Farming Market Forecasts and Analysis - By Countries
9.4.5.1South Africa Digital Farming Market
9.4.5.1.1South Africa Digital Farming Market by Component
9.4.5.1.2South Africa Digital Farming Market by Application
9.4.5.2Saudi Arabia Digital Farming Market
9.4.5.2.1Saudi Arabia Digital Farming Market by Component
9.4.5.2.2Saudi Arabia Digital Farming Market by Application
9.4.5.3U.A.E Digital Farming Market
9.4.5.3.1U.A.E Digital Farming Market by Component
9.4.5.3.2U.A.E Digital Farming Market by Application
9.4.5.4Rest of Middle East and Africa Digital Farming Market
9.4.5.4.1Rest of Middle East and Africa Digital Farming Market by Component
9.4.5.4.2Rest of Middle East and Africa Digital Farming Market by Application
9.5.SOUTH AND CENTRAL AMERICA
9.5.1South and Central America Digital Farming Market Overview
9.5.2South and Central America Digital Farming Market Forecasts and Analysis
9.5.3South and Central America Digital Farming Market Forecasts and Analysis - By Component
9.5.4South and Central America Digital Farming Market Forecasts and Analysis - By Application
9.5.5South and Central America Digital Farming Market Forecasts and Analysis - By Countries
9.5.5.1Brazil Digital Farming Market
9.5.5.1.1Brazil Digital Farming Market by Component
9.5.5.1.2Brazil Digital Farming Market by Application
9.5.5.2Argentina Digital Farming Market
9.5.5.2.1Argentina Digital Farming Market by Component
9.5.5.2.2Argentina Digital Farming Market by Application
9.5.5.3Rest of South and Central America Digital Farming Market
9.5.5.3.1Rest of South and Central America Digital Farming Market by Component
9.5.5.3.2Rest of South and Central America Digital Farming Market by Application
10.INDUSTRY LANDSCAPE
10.1.MERGERS AND ACQUISITIONS
10.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3.NEW PRODUCT LAUNCHES
10.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11.DIGITAL FARMING MARKET, KEY COMPANY PROFILES
11.1.VODAFONE GROUP PLC
11.1.1.Key Facts
11.1.2.Business Description
11.1.3.Products and Services
11.1.4.Financial Overview
11.1.5.SWOT Analysis
11.1.6.Key Developments
11.2.TRIMBLE INC
11.2.1.Key Facts
11.2.2.Business Description
11.2.3.Products and Services
11.2.4.Financial Overview
11.2.5.SWOT Analysis
11.2.6.Key Developments
11.3.SALT MOBILE SA,
11.3.1.Key Facts
11.3.2.Business Description
11.3.3.Products and Services
11.3.4.Financial Overview
11.3.5.SWOT Analysis
11.3.6.Key Developments
11.4.ACCENTURE
11.4.1.Key Facts
11.4.2.Business Description
11.4.3.Products and Services
11.4.4.Financial Overview
11.4.5.SWOT Analysis
11.4.6.Key Developments
11.5.DEERE AND COMPANY
11.5.1.Key Facts
11.5.2.Business Description
11.5.3.Products and Services
11.5.4.Financial Overview
11.5.5.SWOT Analysis
11.5.6.Key Developments
11.6.IBM
11.6.1.Key Facts
11.6.2.Business Description
11.6.3.Products and Services
11.6.4.Financial Overview
11.6.5.SWOT Analysis
11.6.6.Key Developments
11.7.EPICOR SOFTWARE CORPORATION
11.7.1.Key Facts
11.7.2.Business Description
11.7.3.Products and Services
11.7.4.Financial Overview
11.7.5.SWOT Analysis
11.7.6.Key Developments
11.8.HEXAGON
11.8.1.Key Facts
11.8.2.Business Description
11.8.3.Products and Services
11.8.4.Financial Overview
11.8.5.SWOT Analysis
11.8.6.Key Developments
11.9.MONSANTO COMPANY
11.9.1.Key Facts
11.9.2.Business Description
11.9.3.Products and Services
11.9.4.Financial Overview
11.9.5.SWOT Analysis
11.9.6.Key Developments
11.10.AGLYTIX INC.
11.10.1.Key Facts
11.10.2.Business Description
11.10.3.Products and Services
11.10.4.Financial Overview
11.10.5.SWOT Analysis
11.10.6.Key Developments
12.APPENDIX
12.1.ABOUT THE INSIGHT PARTNERS
12.2.GLOSSARY OF TERMS
2. Trimble Inc
3. Salt Mobile SA,
4. Accenture
5. Deere and Company
6. IBM
7. Epicor Software Corporation
8. Hexagon
9. Monsanto Company
10. Aglytix Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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