According to a new report, published by KBV research, The Global Digital Agriculture Market size is expected to reach $38.16 billion by 2031, rising at a market growth of 9.9% CAGR during the forecast period.
The Livestock Monitoring segment is anticipating a CAGR of 9.6% during (2024 - 2031). Technologies such as wearable sensors, automated feeding systems, and health tracking devices allow farmers to monitor livestock conditions in real-time, detect diseases early, and ensure optimal nutrition. The growing need to increase efficiency in meat and dairy production and strict animal welfare regulations encourage farmers to adopt advanced livestock monitoring systems. Additionally, increasing concerns over zoonotic diseases and biosecurity risks further push the demand for real-time animal monitoring and health management solutions.
The IoT segment is leading the Global Digital Agriculture Market by Technology in 2023; thereby, achieving a market value of $16.03 billion by 2031. IoT-enabled devices like soil moisture sensors, weather stations, and livestock tracking systems allow farmers to gather accurate, timely data that enhances decision-making and resource management. The ability of IoT technology to automate tasks like irrigation and fertilization reduces labor costs and improves efficiency. Furthermore, the growing emphasis on precision agriculture, smart farming practices, and advancements in connectivity infrastructure are accelerating the widespread adoption of IoT solutions in agriculture.
The Software segment registers a CAGR of 10.2% during (2024 - 2031). Software solutions integrate data collected from hardware devices to offer actionable insights on crop health, soil conditions, weather forecasts, and pest management. The increasing reliance on predictive analytics, artificial intelligence (AI), and machine learning (ML) algorithms in agriculture enables optimized resource allocation, precision planting, and improved risk management. The shift toward cloud-based software platforms that provide remote access, scalability, and real-time data visualization has further accelerated the adoption of digital agriculture software solutions.
Full Report: https://www.kbvresearch.com/digital-agriculture-market/
The North America region dominated the Global Digital Agriculture Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $12.65 billion by 2031. The Europe region is experiencing a CAGR of 9.4% during (2024 - 2031). Additionally, The Asia Pacific region would exhibit a CAGR of 10.4% during (2024 - 2031).
By Application
By Technology
By Component
By Geography
Unique Offerings 
