Digital Agriculture Market set to hit $226.6 billion by 2035, as emergence of precision agriculture drives transformation

Industry revenue for Digital Agriculture is estimated to rise to $226.6 billion by 2035 from $49.6 billion of 2024. The revenue growth of market players is expected to average at 14.8% annually for period 2024 to 2035. Digital agriculture is critical across several key applications, including Precision Farming, Crop Health Monitoring, Supply Chain Management and Agri-Robotic Systems. The report unwind growth & revenue expansion opportunities at Technology Type, Application, End User and Service Type with industry revenue Forecast.

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The Digital agriculture market is characterized by intense competition, with a number of leading players such as IBM Corporation, Microsoft Corporation, Esri, SAP SE and Bayer Crop Science. These players are pushing the boundaries of innovation & technological advancements and forging strategic partnerships to expand the existing reach of the market, thereby shaping its growth trajectory and future prospects by enlarging the total addressable market.

The Digital agriculture market is projected to expand substantially, driven by the Rising Demand for Precision Farming and Accelerating Adoption of AI & ML. This growth is expected to be further supported by Industry trends like Emerging Trends in IOT; and position the market's continued expansion to reach $113.7 billion by 2030. Moreover, the key opportunities, such as Unleashing the Potential of AI, Drone Technology Expansion and blockchain in supply chain, are anticipated to create opportunistic revenue pockets in major demand hubs including U.S., China and Canada.

The U.S., China, Canada, Australia and Germany are leading the market, driving a significant share of global demand. Businesses in these countries can expect steady revenue growth of 13.3% to 17.8% annually from 2024 to 2035. At the same time, Nigeria, Colombia and Vietnam are emerging as exciting new opportunities, with fast-growing markets and evolving industry landscapes creating fresh avenues for expansion.

North America and Europe are the two most active and leading regions in the market. With challenges like Lack of Technological Savvy Among Farmers and high costs of digital agriculture tools, market Supply Chains from Data Creation & Collection / Data Transmission / Data Processing & Analysis and to Data Utilization & Service Provision is expected to evolve & expand further; and industry player’s will be pushed to make strategic shifts towards emerging markets including Nigeria, Colombia and Vietnam for expansion of the total addressable market (TAM).

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