Gmi Research's blog : 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.
Regional Drivers
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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