Global Digital Agriculture Market expected to grow from $5.8 Billion in 2020 to $6.5 Billion by 2021, recording a CAGR of 10.2%.
Asia Pacific accounts for the most populated countries such as China and India with increasing demand for agricultural products. These countries are also the most two of the most affected countries during COVID-19.
Major Competitors in the digital agriculture market are DTN, Farmers Edge Inc., A.A.A Taranis Visual Ltd., Eurofins Scientific, AgriWebb, Monsanto, Bayer CropScience, John Deere, Accenture, Syngenta AG, AgGateway, Aglytix Inc., CropX Inc., Farmers Business Network, BASF SE, and DigitalGlobe among other domestic and global players.
COVID-19 has made us all dependent on digital technology, but we must ensure that the world's poorest are not left behind. Digital technologies can particularly improve the lives of farmers and agricultural workers. Digital agriculture – where farmers use digital technologies to access useful information – could revolutionize how communities secure their livelihoods. With COVID-19, made us all more dependent on digital technology than ever before, now is the time to ensure that the revolution does not leave the world's poorest communities further behind. Increasing investment in technologies to help small-scale farmers will yield far-reaching benefits long after the pandemic has passed.
(July 29, 2020) – DTN, a leading data, analytics and Technology Company, announced that the company’s highly-accurate agriculture weather forecasts and data will be available through Microsoft’s Azure FarmBeats. Agribusinesses leveraging FarmBeats will be able to access real-time weather information from the DTN global weather network. Few factors in farming are as integral to success, yet carry as much variability and unpredictability, as the weather. They are delivering our operational intelligence through the Azure FarmBeats platform to ensure farmers have access to dynamic weather data within real-time decision tools. This helps farmers make critical decisions based on highly-accurate and hyperlocal information. Microsoft Azure FarmBeats software integrates sensor- and satellite-derived data with domain knowledge of the agriculture sector and AI-based modeling and analytics techniques. This new solution is a purpose-built, industry-specific accelerator to tackle data-driven farming problems.
Radio-frequency identification (RFID) is working in tandem with blockchain to make that supply chain tracking a reality. RFID sensors can tag crops and animals alike, giving each a unique ID number. Whether its grocery stores looking to trace back contaminated products or consumers looking to make sure they purchase their food from age producers with sustainable practices, RFID is the foundation of supply chain tracking. The information it collects and stores can then be used by blockchain to create a secure, trustworthy trail. Farmers and ranchers can be more assured their products make it safe to consumers’ table.
Global digital Agriculture market is based on types is Management Software and Farming Equipment. Based On application has farm and greenhouse. The market for digital agriculture, by region, has been segmented into Asia Pacific, Europe, the US, and RoW. The Asia Pacific region segment is to be the fastest-growing market through 2021, by value, in the digital agriculture market The government policies supporting the digitization of farm processes and the need for efficient usage of natural resources, along with decreasing availability of migrant laborers, are expected to increase the adoption of digital agriculture techniques.
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