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Digital Agriculture Market to Reach $51.3 billion, Globally, by 2033 at 10.5% CAGR: Allied Market Research

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Allied Market Research

13 Mar, 2025, 08:32 GMT

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Government initiatives promoting smart farming practices and the integration of digital platforms in agricultural value chains are accelerating market expansion.

WILMINGTON, Del., March 13, 2025 /PRNewswire/ -- Allied Market Research published a report, titled, "Digital Agriculture Market by Component (Hardware, Software, and Service), Application (Precision Farming and Farm Management, Livestock Monitoring, Supply Chain Management, Financial Management, and Others), and Technology (AI, Drones, IoT, Automation, and Others): Global Opportunity Analysis and Industry Forecast, 2024-2033". According to the report, the digital agriculture market was valued at $18.6 billion in 2023, and is estimated to reach $51.3 billion by 2033, growing at a CAGR of 10.5% from 2024 to 2033.

Prime Determinants of Growth

The growth of the digital agriculture market is primarily driven by the increase in adoption of precision farming techniques, rise in demand for food security, and advancements in agricultural technologies. Farmers are leveraging digital solutions such as AI, IoT, big data analytics, and remote sensing to optimize resource utilization, improve crop yields, and enhance sustainability. The growing penetration of cloud-based farm management software and automation technologies, including drones and autonomous tractors, is further boosting adoption. Moreover, climate change concerns and the need for efficient water and soil management are pushing farmers toward data-driven decision-making. Investments from agritech startups and collaborations between technology providers and agricultural enterprises are also fueling innovation in digital agriculture.  

Request Sample Pages: https://www.alliedmarketresearch.com/request-sample/A121714

Report Coverage & Details:

Report Coverage

Details

Forecast Period

2024–2033

Base Year

2023

Market Size in 2023

$18.6 billion

Market Size in 2033

$51.3 billion

CAGR

10.50 %

Segments covered

Component, Application, Technology, and Region.

Drivers

Rise in demand for precision farming


Technological advancements in IoT, AI, and big data


Government initiatives and subsidies

Opportunities

Growth of agritech startups and farm automation

Restraints

High initial investment costs


Limited digital literacy and internet infrastructure

Buy this Complete Report (389 Pages PDF with Insights, Charts, Tables, and Figures) at:

https://www.alliedmarketresearch.com/digital-agriculture-market/purchase-options

The hardware segment dominated the market in 2023.

By component, the hardware segment accounted for the largest share in 2023, owing to the increasing adoption of precision agriculture equipment, including GPS receivers, sensors, drones, and automated machinery. The rising demand for smart irrigation systems, yield monitoring devices, and soil health assessment tools has significantly contributed to the dominance of this segment. Farmers and agribusinesses are increasingly investing in IoT-enabled devices and robotics to enhance productivity, optimize resource utilization, and reduce operational costs. In addition, advancements in satellite imaging and remote sensing technologies have further driven the demand for high-tech agricultural hardware. The integration of AI-powered cameras and unmanned aerial vehicles (UAVs) for crop monitoring and field analysis has also fueled market growth. Government initiatives supporting mechanized farming and subsidies for precision farming equipment have encouraged widespread adoption. As the industry continues to embrace automation and data-driven farming, the hardware segment is expected to maintain its leading position in the digital agriculture market.

The precision farming and farm management segment to maintain its lead position during the forecast period.

By application, the precision farming and farm management segment accounted for the largest share in 2023, owing to the increasing adoption of data-driven agricultural practices aimed at enhancing productivity and sustainability. Farmers are leveraging advanced technologies such as GPS-guided machinery, IoT-enabled sensors, and AI-powered analytics to optimize resource utilization, monitor soil health, and improve crop yields. The rising need to reduce input costs, minimize environmental impact, and maximize farm efficiency has further propelled the adoption of precision farming solutions. In addition, the growing integration of farm management software for real-time monitoring, predictive analytics, and automated decision-making has strengthened the segment's dominance. Government initiatives promoting smart farming, coupled with increasing investments in digital agriculture, have also contributed to market expansion. The widespread use of drones for field analysis and remote sensing, along with the demand for automated irrigation and variable rate technology, has solidified the precision farming and farm management segment's leadership in the digital agriculture industry.

The hardware segment dominated the market in 2023

By technology, the IoT segment accounted for the largest share in 2023, owing to the increasing adoption of connected devices and smart sensors in agriculture to enhance productivity, efficiency, and sustainability. IoT technology enables real-time monitoring of soil conditions, weather patterns, and crop health, allowing farmers to make data-driven decisions and optimize resource utilization. The integration of IoT-based solutions in precision farming, smart irrigation, and automated machinery has significantly improved operational efficiency and reduced costs. Furthermore, the rising demand for remote monitoring and predictive analytics has driven the deployment of IoT-enabled farm management systems. Governments and agricultural organizations are actively promoting IoT adoption through subsidies and initiatives aimed at modernizing farming practices. Additionally, advancements in wireless communication technologies, such as 5G and LPWAN, have enhanced IoT connectivity in rural areas, further accelerating market growth. As a result, IoT continues to play a crucial role in transforming the agricultural landscape and driving the expansion of digital farming solutions.

North America region dominated the market in 2023

By region, North America held the highest market share in terms of revenue in 2023, owing to the early adoption of advanced agricultural technologies, strong infrastructure, and high investment in precision farming solutions. The region's well-established agribusiness sector, coupled with widespread use of IoT, AI, and big data analytics in farming operations, has significantly contributed to market growth. In addition, government initiatives and subsidies supporting smart agriculture, along with the presence of key market players, have further accelerated digital transformation in the sector. The increasing demand for high-yield crops, efficient water management, and sustainable farming practices has driven farmers to adopt automation, robotics, and farm management software. Moreover, the rising focus on reducing labor dependency and improving operational efficiency has boosted investments in agricultural drones, autonomous tractors, and sensor-based monitoring systems. With continuous advancements in AgTech and strong R&D initiatives, North America remains a leader in the digital agriculture market.

Enquiry Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/A121714

Leading Market Players: -

  • John Deere
  • Trimble Inc.
  • AGCO Corporation
  • Bayer AG
  • Indigo Ag
  • Agreena ApS
  • ecoRobotix SA
  • IBM Corporation
  • Microsoft Corporation
  • Gamaya
  • AgEagle Aerial Systems Inc.
  • CNH Industrial N.V.
  • TOPCON CORPORATION
  • BASF
  • Digital Agriculture Services Pty Ltd
  • Bosch Global Software Technologies Pvt Ltd.
  • Wipro Limited
  • YARA International ASA
  • AGRIVI Ltd.
  • Small Robot Company

If you have any questions, please feel free to contact our analyst at:

https://www.alliedmarketresearch.com/connect-to-analyst/A121714

The report provides a detailed analysis of these key players in the digital agriculture market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different countries. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario. 

AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model):

AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.

Get an access to the library of reports at any time from any device and anywhere. For more details, follow the link: https://www.alliedmarketresearch.com/library-access

About us: 

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. 

Contact:
David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
India (Pune): +91-20-66346060
Fax: +1-800-792-5285
help@alliedmarketresearch.com 

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg

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