Digital Farming Market Trend Analysis, Competitive Share & Forecast 2022-2028
A study recently conducted by the strategic consulting and market research firm, BlueWeave Consulting revealed that the global digital farming market was worth USD 4,770.8 million in 2020 and is further projected to reach USD 10,702.3 million by 2027, at a CAGR of 12.7% during the forecast period (2021-2027). Factors driving the market include increased food demand due to population growth, increasing usage of VRT (Variable Rate Technology), and the growing prevalence of remote sensing technology, as well as guidance technologies by global farmers. Additionally, significant cost savings achieved through the implementation of modern agricultural techniques is another factor driving the market growth. Substantial Cost Savings were achieved by the implementation of modern techniques to drive the global digital farming market during the forecast period Farming is a cost-intensive process....