According to the research 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 worth USD 11.97 billion in 2020 and is expected to garner modest returns during 2021-2026.

The expansion of global digital agriculture market is driven by technological capabilities that support the food business by bridging the gap between private suppliers and emerging retailers, facilitating governments to oversee & guarantee compliance, as well as providing timely & accurate border procedures which are critical for perishable products.

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Besides, digitization in agriculture sector has the potential to increase farmer profitability by reducing resource inputs, thereby saving money & labor. Also, increasing the reliability of site-specific data diminishes risks by ensuring location weather forecasts, yield projections, and disease & disaster probability maps based on a dense network of climate data that allows for proper streamlining of crop cultivation, thereby bolstering global digital agriculture industry development.

Based on product type, the artificial intelligence vertical is anticipated to register a significant market share during the analysis timeframe, owing to its assistance in monitoring crops, organization of data for farmers, growing healthier crops, and generally facilitating vast improvements in other agricultural activities.

Concerning regional terrain, Asia Pacific industry is poised to amass notable returns during the assessment period, attributed to the promotion of domestic businesses, and government programs aimed at innovative technological breakthroughs. Countries like China & Japan are speedily implementing digital agricultural technologies, thus generating returns.

Meanwhile, America market retained a substantial revenue share in 2020 and is predicted to register decent growth during the speculated timeline.

AG Growth International Inc., Trimble Inc., Bayer AG, International Business Machines (IBM) Corporation, Farmers Edge, Microsoft Corporation, AGCO Corporation, DTN, Deere & Company, CNH Industrial N.V., and Hummingbird Technologies Ltd. among others are well-known players amplifying the competitive trends in worldwide digital agriculture industry.