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Digital Agriculture Market Size, Industry Analysis Report By Business Channel (Business to business (B2B), Business to Customer (B2C)), By Product Type (Perishables, Non Perishables, Agri Raw Materials) & Region – Forecasts

  • PUBLISHED ON
  • 21/10/2022
  • NO OF PAGES
  • 255
  • CATEGORY
  • Information Communication & Technology
The Digital Agriculture Market: Overview
The digital agriculture market value which was around USD 14.15 billion in 2022, is expected to reach the value of approximately USD 29.49 billion by 2028, registering a CAGR of 10.15% during the forecast period. DAPs (Digital Agricultural Platforms) are a group of interfaces and technologies that come together to establish a marketplace or commercial network for B2B, B2C, and C2C transactions. Smallholder farmers, who may offer a variety of crucial services to farmers and food systems, are among the actors they bring together to boost productivity. Platforms come in a variety of sizes and shapes. The White Paper focuses on the financial institutions, mobile network operators (MNOs), major agricultural companies, and banks that are housed by the most developed nations in Sub-Saharan Africa. In order to expand the financial sustainability, influence, and outreach across diverse value chains and market groups, DAPs are gaining some momentum as a method of scalability technology across ecosystems. The primary assets, competences, and initial motivations of a DAP—it's core business or mandate—and the reason they chose to create a platform to support smallholder farmers—have a significant impact on a platform's product offerings, sequencing, business model, as well as core target client categories. Platforms develop fundamental competencies and the relationships necessary for operations based on factors such as product mix, corporate strategy, target customers, and organizational culture.

The Digital Agriculture Market - Growth Factors
The agriculture sector's development via technology & digitalization has been identified as a feasible solution to some of the challenges facing the global food system in light of the increase in food demand. Different agricultural industry suppliers want to gain access to regional or global supply chains and improve distribution. Additionally, customers desire better price transparency, faster access to product information, and food tracking. Digital platforms have been developed to suit all market demands in the agricultural sector. An enormous increase in investment is being made in this sector as the digital agriculture industry develops. The existence of numerous unicorns, each with a sizable investment, highlights the significance of tech-driven agriculture. Digital agriculture marketplaces can be anticipated to battle for global domination in the upcoming year as companies expand outside their home markets. The lack of technological expertise among people is another factor that is anticipated to restrain the development of the digital agriculture market over the forecast period. The quick standardization process, however, may present further difficulties for the development of the digital agriculture sector in the near future.

The Digital Agriculture Market – Market Trends
• The market for digital agriculture is now in its beginnings. The goal of the digital market is to increase the efficiency of the agri-food supply chain both upstream and downstream of the farm worker.
• The usage of farm management software and remote sensing techniques may result in a rise in adoption in the years following COVID-19. The digital agriculture supply chain has been disrupted by COVID-19, and businesses are experimenting with fresh methods of electronic communication with growers and farmers.

The Digital Agriculture Market – Segmentation
The global Digital Agriculture Platform Market based on Business Channel is segregated into:
• Business to business (B2B)
• Business to Customer (B2C)

The global Digital Agriculture Platform Market based on Product Type is categorized into:
• Perishables
• Non Perishables
• Agri Raw Materials

The Digital Agriculture Platform Market –Regional Analysis
Asia-Pacific is anticipated to dominate the global market for digital agriculture marketplaces throughout the anticipated timeframe. These regions' strong agricultural growth and expanding emphasis on digitization in agriculture are projected to support the development of the digital agriculture market.
The Digital Agriculture Platform Market – Key Market players
The major players in the market are Microsoft, Monsanto, IBM, SAP, Climate Corporation, Eka, Digital Agriculture Services Pty Ltd, Farmers Edge, FarmCrowdy, and Agrofy.

Report scope
Global Digital Agriculture Platform Market: Historical Years- 2018-2021
Global Digital Agriculture Platform Market: Forecast Years- 2022-2030
Global Digital Agriculture Platform Market 2022- USD 14.15 billion
Global Digital Agriculture Platform Market CAGR- 10.15%

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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.


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