COVID-19 Impact on Digital Agriculture Market Growth | Insights, Trends & Forecasts - PowerPoint PPT Presentation

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COVID-19 Impact on Digital Agriculture Market Growth | Insights, Trends & Forecasts

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COVID-19 Impact on Digital Agriculture Market is anticipated to reach USD 6.2 billion by 2021. COVID-19 Impact on Digital Agriculture Market report is segmented by Smart Farming Systems & by Geography. – PowerPoint PPT presentation

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Title: COVID-19 Impact on Digital Agriculture Market Growth | Insights, Trends & Forecasts


1
MarketsandMarkets Presents
COVID-19 Impact on Digital Agriculture Market -
Forecast to 2021 https//www.marketsandmarkets.com
/Market-Reports/covid-19-impact-on-digital-agricul
ture-market-222616344.html

2
The report "COVID-19 Impact on Digital
Agriculture Market by Smart Farming Systems
(Livestock Monitoring, Yield Monitoring, Crop
Scouting, Field Mapping, Real-Time Safety
Testing, and Climate Smart), and Region - Global
Forecast to 2021", Post COVID-19, the global
digital agriculture market size is estimated to
grow from USD 5.6 billion in 2020 and is
projected to reach USD 6.2 billion by 2021,
recording a CAGR of 9.9. Browse 15 market data
Tables and 15 Figures spread through 85 Pages and
in-depth TOC on "COVID-19 Impact on Digital
Agriculture Market - Global Forecast to
2021 The digital agriculture market is
projected to witness significant growth due to
the increasing population and rising demand for
agricultural produce across the globe. Increased
farm mechanization and developing digital
agriculture infrastructure are expected to
increase the adoption of digital agriculture
among the farmers. The COVID-19 impact on the
market is estimated to be positive. Labor
shortages and supply chain disruptions are
expected to raise the need for digital
agriculture globally. Asia Pacific to be the
fastest-growing market in digital agriculture
market during the forecast period The market for
digital agriculture, by region, has been
segmented into Asia Pacific, Europe, the US, and
RoW. The Asia Pacific segment accounted for the
fastest-growing market in 2021, by value, in the
digital agriculture market. Asia Pacific
comprises 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. Download PDF Brochure
https//www.marketsandmarkets.com/pdfdownloadNew.a
sp?id222616344
3
  • Study Objectives
  • To define, describe, forecast, and analyze the
    digital agriculture market by smart farming
    system (livestock monitoring, yield monitoring,
    crop scouting, field mapping, real-time safety
    testing, and climate-smart) and geography
  • To forecast the market for digital agriculture
    segments with regard to four main
    countries/regions, namely, the US, Europe, Asia
    Pacific (APAC), and Rest of the World (RoW)
  • To assess the impact of COVID-19 pandemic on each
    of the above segments and regions
  • To provide detailed information regarding the
    major factors influencing the growth of the
    digital agriculture market (drivers and
    restraints)
  • To strategically analyze the micromarkets1 with
    respect to individual growth trends, prospects,
    and contributions to the total market
  • To analyze opportunities in the market for
    various stakeholders by identifying high-growth
    segments of the digital agriculture market
  • Key Questions Addressed by the Report
  • What is the impact of COVID-19 pandemic on the
    digital agriculture market and its segments?
  • What are the opportunities for digital solution
    providers?
  • How much growth is expected from raw material
    such as hardware and software component
    manufacturers in the market?
  • Which smart farming system type is lucrative as
    compared to others?
  • Request for sample Pages https//www.marketsandma
    rkets.com/requestsampleNew.asp?id222616344

4
Precision farming is the most attractive
end-user industry in the digital agriculture
market. The precision farming market is likely
to increase in the long term after the COVID-19
outbreak, as precision farming makes it possible
to monitor the state of the crops while not being
physically present through the usage of
automation, minimizing the need to contact other
people, which is crucial during these times. This
farming is an approach where inputs are utilized
in precise amounts to get increased average
yields, compared to traditional cultivation
techniques. However, in the short term, COVID-19
would affect the market and the growth of the
market would be relatively slower in the first
and second quarters of the year 2020 due to
economic slowdown and inflation. These practices
save time and costs reduce fertilizer and
chemical application costs, reduce pollution
through less use of chemicals. Also, they help in
monitoring the soil and plant physiochemical
conditions by placing sensors to measure
parameters such as electrical conductivity,
nitrates, temperature, evapotranspiration,
radiation, and leaf and soil moisture, so that
the optimal conditions required for plant growth
can be achieved. These factors help to obtain a
greater output with limited labor force during
this pandemic situation where there is a shortage
of labor and thus would help in a regular supply
of food, thereby ensuring food security. Make
an Inquiry https//www.marketsandmarkets.com/Enqu
iry_Before_BuyingNew.asp?id222616344  
5
Key Market Players Some of the major players in
the market are DTN (US), Farmers Edge (Canada),
Taranis (Israel), Eurofins (Luxembourg), and
AgriWebb (Australia). DTN specializes in
subscription-based services for the analysis and
delivery of real-time weather, agricultural,
energy, and commodity market information. The
company mainly operates through four business
segments, namely, agriculture, energy, weather,
and financial analytics. The company offers
different smart farming systems through the
agriculture segment. Its agriculture segment
provides an analysis of commodity markets
hyper-local weather and disease insights to guide
planting, growing and harvesting operations to
farmers and agribusinesses and a real-time pulse
on the industry so they are aware of the trends
and how they may affect their operations. The
impact of COVID-19 on DTN is low as of now, but
after the second to third quarters of the year
2020, the demand is projected to be revived as
the adoption of smart farming technologies will
help avoid contamination COVID-19 and require
less labor. This crisis has impacted the
infrastructure funding in the company due to
economic slowdown and recession industry players
are reluctant to invest in the company. The
company is witnessing limited disruptions in the
supply chain for raw materials such as software
and hardware components as the company has its
plants still in operation. Despite various
challenges and hindrances faced by the company,
DTN is delivering essential services globally by
providing digitalized farming solutions.
Therefore, DTNs supply and demand are not
affected significantly in the digital agriculture
division and the impact on business is moderate
as of now. Speak to Analyst https//www.markets
andmarkets.com/speaktoanalystNew.asp?id222616344

6
Contact Us
ContactMr. Aashish MehraMarketsandMarkets
INC. 630 Dundee Road Suite 430 Northbrook, IL
60062 USA 1-888-600-6441 Email
sales_at_marketsandmarkets.comBlog _at_
https//www.marketsandmarketsblog.com/market-repor
ts/agriculture-industry Connect with us on
LinkedIn _at_ http//www.linkedin.com/company/markets
andmarkets
7
About MarketsandMarkets
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research on 30,000 high growth niche
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