Digital Agriculture Market Share, Growth, Forecast 2022-2028

1. Digital Agriculture Market- Global Industry Size, Share, Trend Analysis and Forecast Report, 2022-2028

2. Global Digital Agriculture Market - Industry Trends & Forecast Report 2028 A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the global digital agriculture market was worth USD 10.7 billion in the year 2021. The market is projected to grow at a CAGR of 16.8% during the forecast period (2022-2028), earning revenues of around USD 31.8 billion by the end of 2028. The demand for higher crop health and production, growing labor scarcity in agriculture, and rising concern about food security and nutrition are the main reasons propelling the market for digital agriculture. A better environment for agriculture is created by the continuous income and higher standard of living without having to labor in the fields.

3. Growth Drivers Technological Advancements in Agriculture Sector Every industry, including agriculture, is undergoing a digital revolution. Demand for higher-quality food, rapid population expansion, climate change, water shortages, pollution, dwindling biodiversity, and wealth-driven higher-value nutrition are all concerns that digital agriculture addresses. Additionally, digital agriculture assists in handling distribution and logistics as well as other tasks like purchasing seeds and giving cash loans to farmers. The development of the digital era is pushing people everywhere to adopt new work practices. The usage of mobile phones for digital farming hastens this trend.

4. Restraints Lack of Technical Knowledge Information and technology-based farm management systems find, analyses, and control the variability in fields by putting crop production techniques into action at the right location, time, and in the right way. This enables them to achieve the maximum profitability, sustainability, and preservation of land resources. Only a small minority of farmers have adopted any kind of precision agriculture (PA) technological system strategy to reorganize the entire agricultural system toward low-input, high-efficiency, and sustainable agriculture, despite substantial study.

5. Impact of COVID-19 Numerous enterprises and human lives were affected after the fatal disease COVID-19 broke out in 2020. The sudden adoption of the lockdown in the many countries affected several industries, causing the unanticipated closure of their firms and the collapse of the economies. The COVID-19 series of lockdowns that began in 2020 had a negative impact on several industries, including the digital agriculture. The market for digital agriculture has been severely disrupted by the recent coronavirus outbreak. As a result of the COVID-19 pandemic, the digital agriculture market saw a modest drop in 2020 as equipment shortages and mobility limitations forced supply chains to break down.

6. Competitive Landscape The key players operating in the global digital agriculture market such as Agrellus, Inc., Agri Marketplace, Agrofy, Agrostar, COFCO International, CrofarmAgriproducts Pvt. Ltd., DeHaat, Eden Farm, Farmcrowdy, Kaset Thai Hitech Co., Ltd., Ninjacart Platform (63Ideas Infolabs Pvt. Ltd.), Tanihub, WayCool Foods and Products PvtLtd.and among others, are developing end-use products by collaborating with various companies offering innovative and advanced technologies. Sample Copy: https://www.blueweaveconsulting.com/report/digital-agriculture-market/report-sample

7. Recent Developments In April 2021, the Union Ministry of Agriculture and Microsoft India have signed a Memorandum of Understanding (MoU) for a pilot initiative to promote digital agriculture in 100 communities across six states. Microsoft will launch a pilot project in 100 villages across ten districts in six states (UP, MP, Gujarat, Haryana, Rajasthan, and Andhra Pradesh) to build a farmer interface for smart and well-organized agriculture, including post-harvest management and distribution.

8. Key Players The key players operating in the global digital agriculture market are et are Agrellus, Inc., Agri Marketplace, Agrofy, Agrostar, COFCO International, CrofarmAgriproducts Pvt. Ltd., DeHaat, Eden Farm, Farmcrowdy, Kaset Thai Hitech Co., Ltd., Ninjacart Platform (63Ideas Infolabs Pvt. Ltd.), Tanihub, WayCool Foods and Products Pvt Ltd, and other prominent players

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