In 2021, the market value of agricultural technology (agtech) in North America stood at approximately *** billion U.S. dollars, the largest value compared to other regions in the world. The agtech market consists of the following segments: agricultural management platforms, supply chain and inventory management solutions, GPS services and field mapping services, agricultural monitoring services, and micro-farming solutions.

In 2021, the market value of global agricultural technology (agtech) stood at approximately **** billion U.S. dollars. The agtech market is expected to increase rapidly in the years up to 2025, potentially more than doubling its current value by then. The agtech market consists of the following segments: agricultural management platforms, supply chain and inventory management solutions, GPS services and field mapping services, agricultural monitoring services, and micro-farming solutions.

The Digital Agriculture Market Report is Segmented by Technology (Guidance Systems, Remote Sensing, and More), by Solution (Hardware, Software, and Services), by Application (Crop Monitoring, Yield Mapping, and More), by Farm Size (Small-Scale Farms, Medium-Scale Farms, and More), and by Geography (North America, Europe, Asia-Pacific, South America, and More). The Market Forecasts are Provided in Terms of Value (USD).

This report delivers crucial Agtech Market intelligence—future outlook, share shifts, and forecast trends.

The Agriculture Software Market report segments the industry into By Deployment Type (Cloud, On-premise), By Application (Precision Farming, Livestock Tracking and Monitoring, Smart Greenhouse, Precision Forestry, Other Applications), and By Geography (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa). Includes historical data and market forecasts for five years.

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Precision Agriculture Market Size 2025-2029

The precision agriculture market size is forecast to increase by USD 8.02 billion, at a CAGR of 15.4% between 2024 and 2029.

Major Market Trends & Insights

North America dominated the market and accounted for a 37% growth during the forecast period.
By the Product - Hardware segment was valued at USD 3.86 billion in 2023
By the Application - Precision irrigation segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 184.50 billion
Market Future Opportunities: USD 8.02 billion 
CAGR : 15.4%
North America: Largest market in 2023

Market Summary

Precision agriculture, a data-driven farming approach that leverages technologies like satellite imagery, drones, and sensors to optimize crop yields and reduce resource consumption, is experiencing significant advancements. According to recent reports, The market is projected to reach a value of USD 22.5 billion by 2025, marking a substantial increase from its current size. This growth can be attributed to the increasing demand for food security and sustainability, coupled with the availability of advanced technologies and decreasing costs. For instance, the use of drones for crop monitoring has seen a 25% annual increase in adoption, providing farmers with real-time data on crop health and growth patterns.
Additionally, the integration of IoT and machine learning algorithms in precision agriculture is enabling predictive analytics, further enhancing its value proposition. Despite the high initial investment required, the potential returns, including increased productivity and reduced input costs, make precision agriculture an attractive proposition for modern farming operations.

What will be the Size of the Precision Agriculture Market during the forecast period?

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Precision agriculture, a data-driven farming approach, continues to gain traction without fail. Currently, approximately 25% of farmers worldwide employ this technology, integrating sensor networks and variable rate application for efficient resource allocation. Future growth is projected to reach 15% annually, driven by the demand for improved crop quality, site-specific management, and water use efficiency. Comparatively, the adoption of decision support systems has seen a significant increase, with over 40% of farmers utilizing these tools for optimized inputs and crop yield optimization. Concurrently, real-time monitoring and automated harvesting have witnessed a surge in implementation, contributing to farm optimization and reduced input costs.
Furthermore, the integration of livestock monitoring, environmental monitoring, and pest control optimization in precision agriculture has led to sustainable agriculture practices and resource efficiency. In the realm of precision livestock farming, the implementation of data acquisition systems, animal health monitoring, and fertilizer optimization has resulted in increased farm profitability. Predictive modeling and data visualization tools enable farmers to make informed decisions, while automated harvesting and prescription mapping ensure optimal crop yields. Overall, precision agriculture's continuous evolution is transforming farming practices, offering substantial benefits for farmers and the agricultural industry.

How is this Precision Agriculture Industry segmented?

The precision agriculture industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Product

  Hardware
  Software and services


Application

  Precision irrigation
  Yield monitoring
  Field mapping
  Crop scouting
  Others


Technology

  Internet of things (IoT)
  Artificial intelligence (AI)
  Big data and analytics
  Remote sensing
  Robotics and automation


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    Spain
    UK


  APAC

    Australia
    China
    India


  Rest of World (ROW)

By Product Insights

The hardware segment is estimated to witness significant growth during the forecast period.

Precision agriculture is a dynamic and evolving market, characterized by the integration of advanced technologies to optimize farming practices. Farmers are increasingly adopting solutions such as precision irrigation systems, disease detection algorithms, and spectral analysis for yield mapping and variable rate technology. Farm management software, soil sensors, and pest management solutions enhance nitrogen use efficiency and crop health monitoring. GPS guidance systems, precision spraying technology, data integration, machine learni

The global agritech market size Was Worth USD 23.5 billion in 2022 and Is Expected To Reach USD 79.7 billion by 2030, CAGR of 16.5%.

The global AgTech market reached approximately USD 15.49 Billion in 2024. The market is projected to grow at a CAGR of 15.00% between 2025 and 2034, reaching a value of around USD 62.67 Billion by 2034.

The United States agtech market reached around USD 5.57 Billion in 2024. The market is estimated to grow at a CAGR of 8.40% between 2025 and 2034 to reach around USD 12.48 Billion by 2034.

Recent developments include: January 2022: In January 2022, Hexagon Agriculture introduced a groundbreaking technology called the HxGN AgrOn Planting Assistant, designed to enhance precision in shovel planting. This innovation is versatile and applicable to various crops, including but not limited to palm oil, coffee, banana, and citrus., October 2022: In October 2022, Trimble Inc. unveiled new agriculture displays, namely the Trimble GFX-1060 and GFX-1260, tailored for precision agriculture applications. These displays offer advanced performance and connectivity to elevate in-field operations to the next level.. Key drivers for this market are: Rising demand for food security

Growing adoption of precision agriculture

Government initiatives and subsidies. Potential restraints include: High initial investment costs

Lack of skilled professionals. Notable trends are: Increasing consumer demand for sustainable agriculture practices and rising demand for organic and natural food products are driving the market growth.

Global Smart Agriculture Market size is set to expand from $ 14.86 Billion in 2023 to $ 61.78 Billion by 2032, a CAGR of around 15.3% from 2024 to 2032.

According to Cognitive Market Research, the global agriculture analytics market size is USD 1.4 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 13.1% from 2024 to 2031. Market Dynamics of Agriculture Analytics Market

Key Drivers of Agriculture Analytics Market

The Growing Demand for Precision Agriculture : Farmers are increasingly implementing precision agriculture techniques to optimize crop production while reducing resource consumption. Agricultural analytics offers immediate insights into soil conditions, weather patterns, and crop health, facilitating more informed decision-making. This escalating dependence on data-centric solutions is a major catalyst for market growth on a global scale.

Government Initiatives and Digital Support : Numerous governments are advocating for smart farming technologies through financial incentives, grants, and digital transformation programs. These efforts motivate farmers to adopt agricultural analytics platforms, enhancing uptake in both advanced and emerging markets, thus propelling the market's growth.

Integration of IoT and Remote Sensing Technologies : The rising adoption of IoT devices, drones, and satellite imagery is improving agricultural analytics. These technologies deliver precise information regarding crop surveillance, irrigation requirements, and pest management, thereby increasing farm productivity. This amalgamation of cutting-edge technologies is a significant factor driving the market's advancement.

Key Restraints in Agriculture Analytics Market

High Implementation Costs : Agriculture analytics solutions require costly hardware, software, and maintenance, which are often beyond the financial reach of many small and marginal farmers. The significant initial expenses create economic obstacles, hindering adoption in price-sensitive agricultural regions and restricting market growth.

Lack of Technical Expertise : A considerable number of farmers do not possess the digital literacy and technical skills necessary to effectively utilize agriculture analytics platforms. In the absence of sufficient training and support, the intricate nature of data-driven tools limits their widespread acceptance, especially in rural and developing regions.

Data Privacy and Connectivity Issues : Agriculture analytics relies on extensive data collection and cloud integration. Concerns regarding data security, coupled with inconsistent internet connectivity in remote farming locations, pose challenges for smooth implementation. These factors serve as significant barriers to realizing the market's full potential.

Key Trends of Agriculture Analytics Market

Adoption of AI and Machine Learning : Artificial intelligence and machine learning are increasingly being incorporated into agricultural analytics. These technologies assist in forecasting crop yields, identifying diseases at an early stage, and optimizing resource utilization, thereby enhancing farming efficiency and sustainability while establishing a new trend in agricultural management.

Cloud-Based and Mobile Solutions : The transition towards cloud-based agricultural analytics platforms and mobile applications is rapidly accelerating. These solutions offer farmers cost-effective, user-friendly access to real-time insights, allowing small-scale operators to take advantage of analytics without making significant investments in infrastructure.

Growing Popularity of Sustainable Farming : Trends in sustainability are propelling the use of analytics to minimize chemical application, enhance irrigation practices, and improve soil management. Farmers and agribusinesses are utilizing analytics to align with global sustainability objectives, fostering a robust trend towards environmentally friendly farming practices. Introduction of the Agriculture Analytics Market

Agriculture analytics is the practice of analyzing data, using technology, and applying statistical methods to understand and manage resources, weather, crop yields, and market trends better. Improved sustainability, less risk, and maximum productivity can be achieved through well-informed decision-making by farmers and other stakeholders. Increasing government initiatives to implement new agricultural techniques is the main development factor for the agriculture analytics industry. More and more data is being generated in the agricultural industry at an exponential ra...

AI Market in Agriculture Report is Segmented by Application (Precision Farming, Livestock Monitoring, Drone Analytics, Smart Greenhouse Management, and Supply-Chain and Post-Harvest Optimization), Technology (Machine Learning, Computer Vision, Predictive Analytics, and Natural-Language Processing [NLP]), Component (Hardware, Software, and Services), Deployment Mode (Cloud, On-Premise, and Hybrid), and Geography.

In Middle East and Africa AgTech Market, It is transforming traditional agriculture by integrating advanced technologies to improve productivity, sustainability, and resilience.

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Smart Agriculture Market Size 2024-2028

The smart agriculture market size is valued to increase USD 10.98 billion, at a CAGR of 10.22% from 2023 to 2028. Availability of low-cost cloud services encouraging adoption of smart farming will drive the smart agriculture market.

Major Market Trends & Insights

North America dominated the market and accounted for a 42% growth during the forecast period.
By Type - Precision farming segment was valued at USD 3.8 billion in 2022
By Product - Hardware segment accounted for the largest market revenue share in 2022

Market Size & Forecast

Market Opportunities: USD 147.48 million
Market Future Opportunities: USD 10982.30 million
CAGR : 10.22%
North America: Largest market in 2022

Market Summary

The market represents a dynamic and evolving sector, driven by the adoption of core technologies such as precision farming, automation, and IoT. These innovations enable farmers to optimize crop yields, reduce water usage, and enhance overall operational efficiency. According to recent reports, the global market for smart farming solutions is experiencing significant growth, with big data and cloud services playing a crucial role. In fact, the availability of low-cost cloud services is encouraging farmers to adopt smart farming practices, leading to a projected 25% adoption rate by 2025. However, high initial investments in smart farming technology present a major challenge for smaller farming operations.
Despite this, the market continues to expand, fueled by regulatory support and the increasing demand for sustainable farming practices. For instance, the European Union's Common Agricultural Policy provides incentives for farmers to invest in precision farming and other smart agriculture technologies. This ongoing evolution underscores the market's potential for continued growth and innovation.

What will be the Size of the Smart Agriculture Market during the forecast period?

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How is the Smart Agriculture Market Segmented and what are the key trends of market segmentation?

The smart agriculture industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Type

  Precision farming
  Smart greenhouse
  Livestock monitoring
  Others


Product

  Hardware
  Software
  Services


Geography

  North America

    US
    Canada


  Europe

    UK


  APAC

    China
    India


  Rest of World (ROW)

By Type Insights

The precision farming segment is estimated to witness significant growth during the forecast period.

In the realm of modern agricultural practices, the integration of technology is revolutionizing the industry with smart agriculture. This market encompasses various hardware components designed to optimize productivity, efficiency, and sustainability. One significant hardware segment is Sensors and Monitoring Systems. These devices collect real-time data on environmental factors and crop conditions, measuring parameters like temperature, humidity, soil moisture, pH levels, nutrient content, and weather conditions. By integrating data from multiple sensors, farmers receive valuable insights for informed decision-making. Another essential hardware segment is Weather Forecasting Tools, which employ remote sensing applications to analyze weather patterns and predict future conditions. This information is vital for farmers to plan and adapt their agricultural practices accordingly.

Greenhouse Gas Emissions are also a focus area in smart agriculture, with sensor network deployment used to monitor and reduce emissions, contributing to more sustainable agricultural practices. Machine Learning Algorithms and IoT Agriculture Platforms are transforming animal health management by enabling automated livestock monitoring systems. Controlled Environment Agriculture and Precision Farming Techniques, such as hydroponic cultivation methods and nutrient management strategies, are gaining popularity for their ability to optimize crop yield and water use efficiency. The market for smart agriculture is thriving, with sensor adoption growing by 22% and precision fertilization methods increasing by 18%. Furthermore, the market is expected to expand in the future, with yield prediction models and crop growth modeling projected to grow by 25% and 20%, respectively.

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The Precision farming segment was valued at USD 3.8 billion in 2018 and showed a gradual increase during the forecast period.

Soil health indicators and automated irrigation systems are also expected to see significant growth, with increases of 19% and 17%, respectively. In conclusion, the market is continuously evolving, with various hardware components playi

Agriculture Technology as a Service Market Size:

The global agriculture technology as a service market size reached USD 2.3 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 9.1 Billion by 2033, exhibiting a growth rate (CAGR) of 16.01% during 2025-2033. The market is experiencing steady growth driven by the increasing global demand for food due to population growth, the rising need for sustainable farming practices amidst rising environmental concerns, and the growing awareness among farmers of the benefits of integrating technology into their farming practices.

Agriculture Technology as a Service Market Analysis:

• Market Growth and Size: The global market is experiencing rapid growth, fueled by the rising demand for precision agriculture and sustainable farming practices. With a growing global population and heightened environmental concerns, the market is poised for significant expansion, driven by the need for more efficient and productive agricultural methods.
• Technological Advancements: Advances in IoT, AI, and remote sensing are key drivers in this market. The integration of these technologies facilitates real-time monitoring and management of agricultural activities, enhancing crop yields and efficiency. The adoption of big data and analytics in agriculture is also pivotal, enabling better decision-making through the analysis of diverse data sets.
• Industry Applications: This market finds applications across various agricultural sectors, including crop monitoring, farm management, and predictive analytics for yield optimization. The technology serves large-scale agribusinesses and small and medium-sized farms, helping to bridge technological gaps and improve overall agricultural productivity.
• Key Market Trends: A significant trend in this market is the shift towards service-based models, offering technology solutions on a subscription basis. This approach makes advanced technologies more accessible to a wider range of farmers. Additionally, the focus on sustainable and precision farming practices is a major trend, aligning with global environmental and food security goals.
• Geographical Trends: The market shows strong growth in regions such as North America and Europe, where there is high adoption of advanced technologies and supportive government policies. However, Asia-Pacific is emerging as a fast-growing market, due to its large agricultural sector and increasing technological adoption.
• Competitive Landscape: The market is characterized by a mix of established technology companies and emerging startups. Competition is centered around innovation and partnerships, with companies constantly striving to offer more efficient and cost-effective solutions.
• Challenges and Opportunities: One major challenge is the high initial cost and complexity of advanced agricultural technologies, which can be a barrier for small-scale farmers. However, this challenge presents an opportunity for service-based models and government subsidies to play a role in democratizing access to these technologies. There is also significant potential in developing regions, where technology adoption is just beginning to take off, offering vast opportunities for market expansion.

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Agriculture Technology as a Service Market Trends:

Rising demand for precision agriculture

The global market is experiencing significant growth, primarily driven by the increasing adoption of precision agriculture techniques. This approach utilizes data-driven insights and advanced technologies such as IoT, AI, and remote sensing to optimize farm operations, leading to increased crop yields and efficiency. Additionally, the integration of these technologies helps in precise monitoring and management of farm activities, reducing resource wastage and enhancing overall productivity. This trend is further fueled by the growing need for sustainable farming practices amidst rising environmental concerns and the pressing challenge of feeding a rapidly growing global population. As farmers and agribusinesses seek more efficient and effective ways to manage their operations, the demand for technology solutions that can provide real-time, actionable insights is rising, thereby propelling the market.

Government initiatives and support

Another key factor driving the market is the proactive role of governments worldwide in promoting agricultural technology. Various governments are implementing policies and providing subsidies to encourage the adoption of advanced agricultural technologies. This support is essential in helping farmers overcome the high initial costs associated with these technologies. Initiatives such as grants for precision farming equipment, funding for research and development in agricultural technologies, and education programs for farmers on the benefits of technology adoption are instrumental in this growth. Such government interventions are enabling the modernization of agriculture and ensuring food security and sustainability. Consequently, these efforts are substantially contributing to the expansion of the market, as more farmers and agribusinesses gain access to and invest in advanced technological solutions.

Integration of Big Data and analytics

The integration of big data and analytics in agriculture is revolutionizing the sector and significantly contributing to the growth of the market. By harnessing the power of big data, farmers and agribusinesses can make more informed decisions, leading to improved crop yields and operational efficiencies. In addition, data analytics enables the analysis of a vast array of information, from soil health and weather patterns to crop health and market trends, allowing for precision in farming practices. This technology is pivotal in identifying patterns and predicting outcomes, thus reducing risks and uncertainties associated with farming. Moreover, the ability to analyze and interpret large volumes of data is becoming increasingly important in the agricultural sector, driving the demand for solutions that offer these capabilities. This trend reflects the growing recognition of data-driven decision-making as a critical component in modern agriculture.

Agriculture Technology as a Service Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2025-2033. Our report has categorized the market based on service type, technology, pricing, and application.

Breakup by Service Type:

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• Software-as-a-Service (SaaS)
• Equipment-as-a-Service (EaaS)
  

Software-as-a-Service (SaaS) accounts for the majority of the market share

The report has provided a detailed breakup and analysis of agriculture technology as a service market based on the service type. This includes software-as-a-service (SaaS) and equipment-as-a-service (EaaS). According to the report, software-as-a-service (SaaS) represented the largest segment.

The Software-as-a-Service (SaaS) segment holds

According to Cognitive Market Research, the global Digital Agriculture Platform market size is USD 19514.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 10.60% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 7805.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.8% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 5854.26 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 4488.27 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.6% from 2024 to 2031.
Latin America had a market share for more than 5% of the global revenue with a market size of USD 975.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 390.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.3% from 2024 to 2031.
The Artificial Intelligence held the highest Digital Agriculture Platform market revenue share in 2024.

Market Dynamics of Digital Agriculture Platform Market

Key Drivers for Digital Agriculture Platform Market

Rising Adoption of Precision Agriculture to Increase the Demand Globally

Farmers are increasingly adopting precision agriculture strategies, leveraging records and technology for stronger selection-making. Digital agriculture systems offer equipment and information evaluation, riding efficiency, aid optimization, and advanced crop yields. This shift signifies a transformative trend in farming, in which information-driven insights inform practices, from seed choice to irrigation management. By deploying sensors, drones, and AI algorithms, farmers can display soil situations, crop health, and climate patterns with precision. This enables focused interventions, lowering waste and environmental impact while maximizing productivity. As the agriculture region embraces innovation, the trajectory closer to sustainable and resilient farming practices is bolstered, ensuring meal security in a changing world.

Growing Internet of Things (IoT) and Sensor Integration to Propel Market Growth

The integration of IoT sensors in agriculture is experiencing rapid growth, supplying real-time information on vital farm parameters consisting of soil moisture, temperature, and pest infestation. This generation enables farmers to make informed choices right away, optimizing aid use and crop health. Digital agriculture structures function as primary hubs, seamlessly integrating with these sensors to facilitate facts analysis and generate actionable insights. By harnessing the electricity of IoT and sensor technology, farmers can enhance their know-how of discipline situations, stumble on potential issues early, and put in force targeted solutions. This fashion in the direction of sensor integration no longer only improves operational efficiency but additionally contributes to sustainable farming practices with the aid of minimizing inputs and maximizing yields.

Restraint Factor for the Digital Agriculture Platform Market

High Initial Investment Cost to Limit the Sales

The adoption of digital agriculture structures poses a tremendous mission for small and medium-sized farms due to the excessive initial funding required. These platforms necessitate expenditures on hardware, software, and education, that may strain the financial sources of smaller operations. Additionally, the complexity of enforcing and integrating that technology might also further growth fees. Consequently, many farmers need help accessing into the virtual agriculture panorama, limiting their ability to leverage records-driven solutions for progressed decision-making and performance. Addressing this problem calls for progressive approaches, which include government subsidies, cooperative shopping models, or scalable solutions tailored to the wishes and constraints of smaller farms. Overcoming the hurdle of high initial investment is critical to making sure great adoption and equitable get entry to to the advantages of digital agriculture.

Opportunity for Digital agriculture platform

Increased demand for high productivity and improved qu...

The market size for agriculture technology-as-a-service is expected to nearly triple from 2020 to 2025. The total global market size for agriculture technology-as-a-service is projected to exceed ***** billion U.S. dollars by 2025.

Global Precision Agriculture Market was valued at USD 8.67 Billion in 2024 and is expected to reach USD 15.28 Billion by 2030 with a CAGR of 9.86% during the forecast period.

The Connected Agriculture Market report segments the industry into By Component (Solution, Service), By Application (Smart Logistics, Smart Irrigation, Farming Planning and Management), and Geography (North America, Europe, Asia-Pacific, Latin America, Middle-East and Africa). Get five years of historical data alongside five-year market forecasts.