The Digital Agriculture market was valued at USD 23.20 billion in 2022, and it is anticipated to increase at a CAGR of 11.85% from 2023 to 2031. Farmers are under increasing pressure to use fewer pesticides to produce more food and animal feed. It is getting harder to feed the growing population because of the rising population. Agriculture production is under more stress than before. The usage of precision farming software and Internet of Things solutions will benefit the agriculture industry. Digital agricultural instruments that employ sensors to track the growth of the crops and keep tabs on the temperature and soil quality in the fields are becoming more and more common.

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Top key players:

•             DTN (US),

•             Farmers Edge Inc. (Canada),-

•             Taranis (US),

•             Eurofins Scientific (Luxembourg),

•             AgriWebb (Australia),

•             Monsanto Company (US),

•             Bayer AG (Germany),

•             Deere & Company. (US),

•             Accenture (Ireland),

•             Syngenta AG (Switzerland),

•             AgGateway (US),

•             CropX inc. (US),

•             Farmers Business Network (US),

•             BASF SE (Germany),

•             DigitalGlobe (US)

Market Growth:

The expansion of the agriculture market can be attributed to a greater understanding of the advantages of digital agriculture in improving the optimization of agricultural production. Numerous farmers have started using these digital agricultural instruments as a result of the rising demand for food caused by the growing population. Strategic policymaking helps to encourage farmers to use these new technologies in many nations.

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Market segmentation:

Digital Agriculture Market (By Business Channel, By Product Type, By Component Type, By Deployment, By Type, By Company Type) - Global Market Analysis, Size, Share, Growth, Trends, Regional Analysis, and Forecast 2023-2031

Market Opportunities:

Through improved yields and the avoidance or reduction of food loss, artificial intelligence and the Internet of Things have the potential to revolutionize agriculture. For example, the world population increased to 7.87 billion in 2021 from 7.76 billion in 2020, according to "The World Bank," a US-based international financial institution that offers loans and grants to the governments of low- and middle-income nations. The market for digital agriculture is therefore being driven by the growing population.

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