Digital Farming Market by Component and By Region – Opportunities & Forecast, 2020-2027
Global Digital Farming Market
The GMI Research contemplates an augmentation in the Digital Farming Market over the coming years. This is because of the mounting agitation towards food safety and nutrition and the accessibility of freshly harvested crops.
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Digital Farming Market Dynamics
Digital farming method proffers livestock supervision, less investment, and livestock supervision. The global digital farming market is majorly driven by the robust demand for food grains, fruits, timber, and vegetables with the reducing rate of fertile land across the nation, are the prominent forces complementing the market demand. Further, rapidly increasing digitalisation and the ongoing technological modernisation in the agriculture industry have encouraged the acquisition of digitalised agriculture methods to enhance the yield quality, reduce human efforts, thereby elevating the comprehensive productivity of farmers via the usage of several instrument and intelligent devices. Besides this, the rising prominence of green farming methods and the robust demand for high quality crops among the commercial farmers and growers are further persuading them to choose digitalised farming techniques to cater the increasing demand of the intended customers. However, the excessive initial capital cost and the insufficient awareness regarding digital farming among the farmers is projected to hinder the Digital Farming market size.
On the basis of geographical analysis, the North America region is projected to grow at a faster CAGR during the forecast period. This is attributed to the surging application of digital farming technologies, primarily across the United States of America and Canada, and the robust investment in the Research & Development activities to introduce technological innovations in the farming methods. In addition, the initiation of various farming management software and instrument will strengthen the market growth.
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