COVID-19 Impact on Digital Agriculture Market

Market Leadership - COVID-19 Impact on Digital Agriculture Market

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%.

The increasing demand for agricultural food products, panic-buying by consumers during the COVID-19 pandemic, and unavailability of labor are some of the driving factors for the market. The digital agriculture market witnesses’ significant growth due to factors such as availability of limited natural resources such as arable land & available water for agricultural process, increasing global population, and advancements in livestock & agricultural processes. This market is expected to be positively impacted by the current pandemic situation. Factors such as labor shortage and supply chain disruptions in terms of export-import closure are expected to drive the market.

DTN is a private company based in Burnsville, Minnesota, US that specializes in subscription-based services for the analysis and delivery of real-time weather, agricultural, energy, and commodity market information. 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 real-time awareness of the industry to stay informed of the developments and how it may affect its operations. DTN is known for its accurate meteorological forecasting and a large network of weather stations, its market analysis services, and its early use of radio and satellite systems to transmit reports to its Midwestern consumers. The company also operates The Progressive Farmer magazine.

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Farmers Edge is known as one of the world leaders in decision agriculture delivering unprecedented value to stakeholders across the entire agricultural ecosystem. Unlike other companies that rely on existing public data, the company provides growers and agricultural professionals not only with high-quality, accurate data, but also with field-level analysis, predictive modeling, and a world-class team of farm data scientists in established and emerging growing regions. The company develops data-driven technologies that help farmers run efficient operations while producing more food for a rapidly growing global population. Founded in Manitoba, Canada, Farmers Edge was the first company to bring variable rate technology to farmers in Canada.

Taranis is a leading precision agriculture company that combines high-resolution aerial imagery with AI to identify and analyze crop threats such as insect infestation, disease, weeds, and nutrient deficiencies, and prescribe the best treatment to help farmers prevent crop yield loss. Taranis’s end-to-end platform helps growers, crop consultants, and producers monitor fields in real-time, make informed, data-based decisions, and act on them. It monitors high volume commodity crops, accounting for 70% of the global crop market and gives farmers the tools to address issues in real-time.

Related Reports:

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

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Report Code
AGI 7680
RI Published ON
6/8/2020
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