According to the business intelligence report titled ‘Global Digital Agriculture Market - Analysis By Type (Crop Monitoring, Artificial Intelligence, Precision Farming), Application, By Region, By Country (2021 Edition): Market Insights and Forecast with Impact of COVID-19 (2021-2026)’, available with MarketStudyReport, global digital agriculture market was valued USD 11.97 billion in 2020 and is slated to record a robust growth rate through 2026.

Rising penetration of digital technologies for trade in agriculture and food products to form a channel between private sector suppliers and new retailers is facilitating expansion of global digital agriculture market.

Request sample copy of this report: https://www.marketstudyreport.com/request-a-sample/4489508/  

Benefits such as increased profitability due to reduction in input resources, and enhanced reliability by way of accurate weather forecasts, probability maps, and near-perfect yield projections are poised to fuel the demand for digital agriculture solutions in the upcoming years.

In addition, digital technologies also allow government bodies to monitor and ensure that the compliance standards are up to date so that the perishable goods can be transported in a faster and more efficient manner, thus augmenting the industry outlook.

Speaking of segmentation, in terms of product type, the artificial intelligence sub-segment is anticipated to project a robust growth rate during the assessment period. The technology assists in monitoring crops, organization of data for farmers, growing healthier crops, and generally facilitating vast improvements in other agricultural activities.

From a regional standpoint, market in Americas held a significant portion of industry share in the recent past. On the other hand, Asia Pacific market is likely to witness strong returns during the analysis period, in view of flourishing digital agriculture technologies across nations like China and Japan, combined with augmentation in the availability of government resources focusing on the adoption of innovative technologies.

The competitive landscape of global digital agriculture marketplace is influenced by key players such as Trimble Inc., AG Growth International Inc., Bayer AG, International Business Machines (IBM) Corporation, Farmers Edge, Microsoft Corporation, AGCO Corporation, DTN, Deere & Company, Hummingbird Technologies Ltd., and CNH Industrial N.V.