Global Digital Agriculture Market

Powered agriculture equipment refers to the tools that farmers used in farming and agriculture. The powered agriculture equipment are used by the farmers for cultivation in farming that includes cultivation, weeding, sowing, and tillage. The main types of products in the powered agriculture equipment include tractors, combine harvesters, sprayers, soil preparation and cultivation equipment, seed drill, and other product types. A tractor refers to a low-speed, high-power traction vehicle designed for use off the road. The types of propulsions in powered agriculture equipment include battery-electric and hybrid-electric. The different power outputs of powered agriculture equipment include <30 hp, 31–70 hp, 71–130 hp, 131–250 hp, and >250 hp. The various applications of powered agriculture equipment include harvesting, sowing and planting, spraying and fertilizing, and other applications. The powered agriculture equipment market research report is one of a series of new reports from The Business Research Company that provides powered agriculture equipment market statistics, including powered agriculture equipment industry global market size, regional shares, competitors with a powered agriculture equipment market share, detailed powered agriculture equipment market segments, market trends and opportunities, and any further data you may need to thrive in the powered agriculture equipment industry. This powered agriculture equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global powered agriculture equipment market size grew from $88.77 billion in 2022 to $97.19 billion in 2023 at a compound annual growth rate (CAGR) of 9.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The powered agriculture equipment market size is expected to grow to $137.93 billion in 2027 at a CAGR of 9.1%. Increasing demand for organic food is expected to propel the growth of the powered agriculture equipment market going forward. Organic food refers to food that is certified to have grown on soil that had no prohibited substances applied for three years prior to harvest. The rapid growth in organic food is expected to boost demand for powered agricultural equipment, as commercial farmers are investing in advanced equipment to reduce their operational expenditure and increase profits. For instance, according to the United States Department of Agriculture, a US-based federal executive department responsible for developing and executing federal laws related to farming, organic products are available in about 20,000 natural food stores and nearly 3 out of 4 conventional stores in the US. Therefore, increasing demand for organic food is expected to boost demand for powered agriculture equipment during the forecast period. Product innovation is a key trend gaining popularity in the powered agriculture equipment market. Many companies operating in the powered agriculture equipment market are developing new products to increase crop productivity and household incomes. For instance, in January 2022, John Deere, a US-based manufacturer of agricultural machinery, showcased a fully autonomous tractor during a press conference at CES 2022. The self-driving tractor has a specific purpose of feeding the globe. The autonomous tractor is equipped with six stereo cameras that allow for 360-degree obstacle detection and distance computation. In August 2021, Deere & Company, a US-based manufacturer of agricultural machinery acquired Bear Flag Robotics for $250 million. The acquisition would create better autonomous machinery for farmers and help the company to acquires a larger share of the market. Bear Flag Robotics is a US-based manufacturer of autonomous driving technology compatible with existing farming machines. Major players in the powered agriculture equipment market are AGCO Corporation, John Deere, Mahindra & Mahindra Limited, CNH Industrial N.V., Kubota Corporation, CLAAS Group Ltd., Alamo Group Inc., Escorts Limited, Iseki & Co., Ltd., SDF Group, Trimble Inc., Parrot SA, Harvest Automation Inc., PrecisionHawk, and Tirth Agro Technology Private Limited. Asia-Pacific was the largest region in the powered agriculture equipment market in 2022. The regions covered in the powered agriculture equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the powered agriculture equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The powered agriculture equipment market consists of sales of plows, harrows, fertilizer spreaders, seeders and balers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global powered agriculture equipment market is segmented - 1) By Product Type: Tractors, Combine Harvester, Sprayer, Soil Preparation & Cultivation Equipment, Seed Drill, Other Product Types 2) By Propulsion: Battery Electric, Hybrid Electric 3) By Power Output: <30 HP, 31–70 HP, 71–130 HP, 131–250 HP, >250 HP 4) By Application: Harvesting, Sowing and Planting, Spraying and Fertilizing, Other Applications

Blockchain in agriculture and food supply chain refers to a technology that enables information traceability throughout the food supply chain to enhance food safety. Additionally, it gives users a safe way to store and manage data, which makes it easier to create and use data-driven innovations for smart farming and smart index-based crop insurance. The blockchain in agriculture and food supply chain market covered in the report is segmented by type into the public blockchain, private blockchain, consortium/hybrid blockchain; by stakeholder into growers, food manufacturers/processors, and retailers; by application into product traceability, tracking, and visibility, payment and settlement, smart contracts, governance, risk and compliance management. The blockchain in agriculture and food supply chain market research report is one of a series of new reports from The Business Research Company that provides blockchain in agriculture and food supply chain market statistics, including blockchain in agriculture and food supply chain industry global market size, regional shares, competitors with a blockchain in agriculture and food supply chain market share, detailed blockchain in agriculture and food supply chain market segments, market trends and opportunities, and any further data you may need to thrive in the blockchain in agriculture and food supply chain industry. This blockchain in agriculture and food supply chain market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global blockchain in agriculture and food supply chain market size grew from $0.28 billion in 2022 to $0.41 billion in 2023 at a compound annual growth rate (CAGR) of 47.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The blockchain in agriculture and food supply chain market size is expected to grow to $1.92 billion in 2027 at a CAGR of 47.1%. The blockchain in agriculture and food supply chain market was supported by the increased demand for small and medium enterprises in the blockchain in agriculture and food supply chain market. This is mainly due to larger businesses investing heavily in developing their existing solutions, while new businesses are producing exclusive solutions in line with the needs of their national and regional markets. According to The StartupLab 2021 report, an India-based venture capital firm, the Agritech sector in India is expanding at a rate of 25% annually, supported by rising digitization, government efforts, and investor interest. For instance, Agridigital is an Australian startup that uses blockchain to support the Australian grains industry. It helps to track and manage grains as they move throughout the value chain. Thus, the rise in small and medium enterprises is expected to drive the blockchain in agriculture and food supply chain market during the forecast period. Blockchain in the food and agriculture market can be expensive and this can hinder the market growth. Obtaining the data uploaded to a blockchain can be costly, and this can create a barrier to the adoption of blockchain technology in the agricultural sector. For instance, the DNA of livestock animals could be expensive. The average cost of data collection is lower for larger farms than smaller ones, which raises the concern of increasing the income discrepancy. Therefore, obtaining data in a blockchain is expensive and hinders market growth. The use of blockchain with IoT is an emerging trend followed by companies in the blockchain in agriculture and food supply chain market. Companies are using blockchain to secure data in IoT devices. IoT involves a system of devices that can collect, transfer, and store data over a wireless network. The use of blockchain with IoT devices enables smart devices to exchange data and other financial transactions in a scalable, private, and reliable manner. Blockchain technology with IoT further supports businesses to share and access data without the need for central control and management. For instance, in February 2022, Vodafone Group plc, a UK-based multinational telecommunications company, introduced Digital Asset Broker (DAB) platform, a blockchain-based trading platform for IoT devices and sensors. The new Digital Asset Broker (DAB) technology, which is purportedly designed to promote the economy of things, enables verified connected objects to transact securely without human oversight but under human (the "owner") control by creating individualized digital identities for using payment technologies and mobile SIM security to interact and transact with other devices. In April 2020, Nestle, a Swiss food and drink processing company, partnered with a party certifier, The Rainforest Alliance, to independently provide data beyond what is usually disclosed by the company. Nestle has expanded the use of the IBM Food Trust blockchain technology platform in the launch of Zoégas whole beans and roast and ground coffee in Sweden. The Rainforest Alliance provides information regarding the traceability of the coffee and the information is accessible to everyone with the IBM Food Trust blockchain platform. Major players in the blockchain in agriculture and food supply chain market are IBM, Microsoft, SAP-SE, Ambrosus, Arc-net, OriginTrail, Rip.io, Provenance, ChainVine, and AgriDigital. North America was the largest region in the blockchain in agriculture and food supply chain market in 2022. The regions covered in the blockchain in agriculture and food supply chain market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the blockchain in agriculture and food supply chain market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The blockchain in agriculture and food supply chain market includes revenues earned by entities by tracking ownership records and providing tamper-resistant data. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global blockchain in agriculture and food supply chain market is segmented - 1) By Type: Public Blockchain, Private Blockchain, Consortium/Hybrid Blockchain 2) By Stakeholder: Growers, Food Manufacturers/Processors, Retailers 3) By Application: Product Traceability, Tracking, And Visibility, Payment And Settlement, Smart Contracts, Governance, Risk And Compliance Management

Agricultural variable rate technology refers to a branch of technology concerned with the automated application which mainly focuses on the automated application that is used in agriculture. The agricultural data is collected by sensors, maps, and GPS. These technologies are used to spray fertilizers and chemicals and to plant seeds these agricultural variable rate technologies help to manage crop production. The main types of agricultural variable rate technology are soil sensing variable rate technology, fertilizer variable rate technology, seeding variable rate technology, crop protection chemical variable rate technology, yield monitor variable rate technology, and irrigation variable rate technology. Sensor-based variable rate technology doesn't use a map at all but rather mounted sensors that measure soil properties or crop characteristics in real-time. The crops used in agricultural variable rate technology are cereals and grains, oilseeds and pulses, fruits and vegetables that can be used in large farms, small farms, mid-size farms in fertilizers, crop protection chemicals, soil sensing, yield monitoring, irrigation. The agricultural variable rate technology market research report is one of a series of new reports from The Business Research Company that provides agricultural variable rate technology market statistics, including agricultural variable rate technology industry global market size, regional shares, competitors with a agricultural variable rate technology market share, detailed agricultural variable rate technology market segments, market trends and opportunities, and any further data you may need to thrive in the agricultural variable rate technology industry. This agricultural variable rate technology market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global agricultural variable rate technology market size grew from $3.44 billion in 2022 to $3.91 billion in 2023 at a compound annual growth rate (CAGR) of 13.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The agricultural variable rate technology market size is expected to grow to $6.78 billion in 2027 at a CAGR of 14.8%. Increasing government expenditures and policymaking in the agricultural sector are significantly driving the growth of the agricultural variable rate technology market. The agricultural variable rate technology refers to an area of technology that focuses on the automated application that is used in agriculture. Using technology in agriculture will reduce the labor cost by 80 percent. Spraying of pesticides by using drones is the latest technology in agriculture which had gained popularity it also helps in many other ways in agriculture. For instance, In January 2022 government of India announced a 100% subsidy for drones up to the value of 10 lakhs this scheme is launched to promote drones usage in agriculture and to decrease the labor burden on the farmers Krishi Vigyan Kendras & State Agriculture Universities had also started giving training to farmers. The government had allocated a contingency fund of Rs.6000/hectare will also be given for hiring Drones from Custom Hiring Centres (CHC). Thus, the increase in government policy and spending on technologies in agriculture helps in the growth of the agricultural variable rate technology market. Technological advancement are shaping the agricultural variable rate technology market. Major companies operating in the agricultural variable rate technology market sector are focused on developing new technological solutions to strengthen their position. For instance, in February 2021, XAG, a China-based company that manufactures agricultural machinery, launched a new generation of agricultural drones named XAG P40 Agricultural Drone which is designed especially for smallholder farms. XAG P40 can support a 20L smart liquid tank and cover 15 hectares of land per hour and the second model is called AG P80. Agricultural Drone which is designed for large field areas this drone can carry up to 40 kg and can cover up to 20 hectares of land in 1 hour. This helps in protecting lands from weeds, pests, and diseases this new launch can help medium-to-large farm owners address the rural labor shortage. In November 2021, CNH Industrial is a UK-based company that designs, produces, and also sells agricultural technology products acquired by Raven Industries for an undisclosed amount. With this acquisition, Raven Industries will become part of CNH Industrial and works under CNH Industrial. This acquisition will add strong innovation capabilities which helps to accelerate digital strategy. Raven is a US-based precision agriculture space and technology manufacturer of agriculture products company Major players in the agricultural variable rate technology market are The Climate Corporation, Deere & Company, Trimble Inc., AGCO Corporation, Topcon Corporation, CNH Industrial NV, Yara International, Valmont Industries, Inc., AgJunction, AG Leader Technology, Raven Industries Inc., Kubota Corporation, Lindsay Corporation, Ageagle Aerial Systems, and Hexagon. North America was the largest region in the agricultural variable rate technology market in 2022. The regions covered in the agricultural variable rate technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the agricultural variable rate technology market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The agricultural variable rate technology market includes revenues earned by entities by providing services such as yield monitoring, irrigation VRT. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global agricultural variable rate technology market is segmented - 1) By Product: Soil Sensing Variable Rate Technology, Fertilizer Variable Rate Technology, Seeding Variable Rate Technology, Crop Protection Chemical Variable Rate Technology, Yield Monitor Variable Rate Technology, Irrigation Variable Rate Technology 2) By Crop Type: Cereals And Grains, Oilseeds And Pulses, Fruits And Vegetables 3) By Farm Size: Large Farms, Small Farms, Mid-Size Farms 4) By Application: Fertilizers, Crop Protection Chemicals, Soil Sensing, Yield Monitoring, Irrigation

The agriculture, construction, and mining machinery refer to machinery that is designed for use in the agriculture, construction, and mining industries. The agriculture, construction, and mining machinery market consist of sales of machinery including farm machinery and equipment, power mowing equipment, and other powered home lawn and garden equipment, construction machinery, surface mining machinery, logging equipment, and oil and gas field and underground mining machinery and equipment. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The main types of agriculture, construction, and mining machinery are construction machinery, agricultural implement, and mining and oil and gas field machinery. The construction machinery market refers to the equipment related to construction. The various operations include autonomous, semi-autonomous, and manual. The various cAsia-Pacificity includes small, medium, and large. The agriculture, construction, and mining machinery market research report is one of a series of new reports from The Business Research Company that provides agriculture, construction, and mining machinery market statistics, including agriculture, construction, and mining machinery industry global market size, regional shares, competitors with agriculture, construction, and mining machinery market share, detailed agriculture, construction, and mining machinery market segments, market trends and opportunities, and any further data you may need to thrive in the agriculture, construction, and mining machinery industry. This agriculture, construction, and mining machinery market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global agriculture, construction, and mining machinery market grew from $743.74 billion in 2022 to $803.73 billion in 2023 at a compound annual growth rate (CAGR) of 8.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The agriculture, construction, and mining machinery market is expected to grow to $1,060.64 billion in 2027 at a CAGR of 7.2%. The agriculture, construction, and mining machinery manufacturing market growth is aided by stable economic growth forecasted in many developed and developing countries. The International Monetary Fund (IMF) predicts that the global GDP growth will be 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a significant decline in the historic period is further expected to aid the market growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. Stable economic growth is expected to increase investments in the end-user markets, thereby driving the market during the forecast period. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the agriculture, construction, and mining machinery manufacturing market in 2020 as supply chains were disrupted due to trade restrictions and manufacturing activity declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and spread globally including Western Europe, North America, and Asia. Machinery manufacturers depend heavily on the supply of raw materials, parts, and components from different countries across the globe. As many governments restricted the movement of goods across countries, manufacturers had to halt production due to a lack of raw materials and components. The outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the agriculture, construction, and mining machinery manufacturing market will recover from the shock across the forecast period as it is a 'black swan event and not related to ongoing or fundamental weaknesses in the market or the global economy. Agriculture equipment companies are offering telematics systems to farmers to enable wireless transfer of data between the equipment and its user. Telematics refers to the technology of collecting data from farm equipment operating in a field and then transferring the data to customers through the internet on a real-time basis. This enables farmers to remotely collect and manage information from their field equipment, enhance operational efficiencies and reduce production costs. Major companies offering telematics technology include Trimble’s Connected Farm, John Deere’s JD Link Ultimate, and AGCO’s AgCommand Advanced Telematics service. Major companies in the agriculture, construction, and mining machinery market include Deere & Company, Komatsu Ltd., Caterpillar Inc., EXOR Group, Kubota Corp, CNH Industrial NV, Volvo AB, AGCO Corporation, Liebherr Group, and Zoomlion Heavy Industry Science and Technology Co. Ltd. The Asia-Pacific was the largest region in the agriculture, construction, and mining machinery market in 2022. Western Europe was the second largest region in the agriculture, construction, and mining machinery market. The regions covered in the agriculture, construction, and mining machinery report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the agriculture, construction, and mining machinery market include Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The agriculture, construction, and mining machinery market consist of sales of machinery including farm machinery and equipment, power mowing equipment, and other powered home lawn and garden equipment, construction machinery, surface mining machinery, logging equipment, and oil and gas field and underground mining machinery and equipment. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global agriculture, construction, and mining machinery market is segmented - 1) By Type: Construction Machinery, Agricultural Implement, Mining And Oil And Gas Field Machinery 2) By Operation: Autonomous, Semi-Autonomous, Manual 3) By Capacity: Small, Medium, Large Subsegments Covered: Earthmoving, Material Handling, Building & Road Construction Equipment, Farm Machinery And Equipment, Sanitary Paper Product, Stationery Products, Paper Bag And Coated And Treated Paper, Oil & Gas Field Machinery And Equipment, Mining Machinery And Equipment

Information technology (IT) is the use of computers, storage, networking and other physical devices, infrastructure and processes to create, process, store, secure and exchange all forms of electronic data. The main type of information technology (IT) are IT services, computer hardware, telecom, and software products. Computer hardware is the physical components that a computer system requires to function and encompasses everything within a PC or laptop. The services are used by large, small, and medium enterprises of financial services, retail and wholesale, manufacturing, healthcare and others. The information technology (IT) market research report is one of a series of new reports from The Business Research Company that provides information technology (IT) market statistics, including information technology (IT) industry global market size, regional shares, competitors with information technology (IT) market share, detailed information technology (IT) market segments, market trends and opportunities, and any further data you may need to thrive in the information technology (IT) industry. This information technology (IT) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global information technology market grew from $8179.48 billion in 2022 to $8852.41 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The information technology market is expected to grow to $11995.97 billion in 2027 at a CAGR of 7.9%. The demand for cloud computing services is expected to drive the demand for IT services during the forecast period. In the cloud computing model, data is stored on the internet by a cloud computing provider, who manages and operates data storage as a service. Many companies are now choosing applications hosted in the cloud for their day-to-day operations. For example, according to statistics provided by hostingtribunal.com, 60% of computing workloads were running in the public cloud in 2019. Similarly, 94% of enterprise workloads are expected to be processed by cloud data centers in 2021. Companies are also opting for cloud-based data storage, thus boosting the demand for IT services. The outbreak of COVID-19 disease (COVID-19) has acted as a significant restraint on the information technology market in 2020 as supply chains were disrupted due to trade restrictions and employees working for these establishments faced difficulties related to infrastructure and communication owing to lockdowns imposed by governments globally, forcing them to work from home. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China and spread globally, including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity, with countries entering a state of 'lock down,' and the outbreak had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the information technology market will recover from the shock across the forecast period as it is a 'black swan event and not related to ongoing or fundamental weaknesses in the market or the global economy. Over the past five years there has been an increasing prevalence of low cost open source alternatives. Open source has become a preferred platform for developing new technology. In the past, software publishers would open source software that was not making money, but now companies are open sourcing software to increase their presence and share in the market. Supabase, a YC-incubated startup that offers developers an open-source alternative, announced that it had raised a $6 million in funding to create new open-source tools. Major companies in the information technology (IT) market include Apple, Microsoft, Verizon Communications, China Mobile, AT&T Inc., Huawei, Deutsche Telekom AG, Dell Technologies Inc., Samsung Electronics Co., Ltd. and Comcast Corporation. Asia-Pacific was the largest region in the information technology (IT) market in 2022. North America was the second largest region of the information technology market. The regions covered in the information technology market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the information technology (IT) market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela and Vietnam. Major companies in the information technology (IT) market include Apple, Microsoft, Verizon Communications, China Mobile, AT&T Inc., Huawei, Deutsche Telekom AG, Dell Technologies Inc., Samsung Electronics Co., Ltd. and Comcast Corporation. Asia-Pacific was the largest region in the information technology (IT) market in 2022. North America was the second largest region of the information technology market. The regions covered in the information technology market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the information technology (IT) market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela and Vietnam. The information technology (IT) market consists of revenues earned by entities by providing IT services such as computer networking, broadcasting, systems design services and information distribution technologies like television and telephones and other equipment used during the process. The market value includes the value of related goods sold by the service provider or included within the service offering. The information technology market also includes sales of computers, computer peripherals and telecommunications equipment which are used in providing IT services. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global information technology market is segmented - 1) By Type: IT Services, Computer Hardware, Telecom, Software Products 2) By Organization Size: Large Enterprise, Small and Medium Enterprise 3) End User Industry: Financial Services, Retail & Wholesale, Manufacturing, Healthcare, Other End User Industries Subsegments Covered: Hardware Support Services, Software And BPO Services, Cloud Services, Computer Peripheral Equipment, Computer Storage Devices And Servers, Computers, Wireless Telecommunication Carriers, Wired Telecommunication Carriers, Communications Hardware, Satellite & Telecommunication Resellers, Operating Systems & Productivity Software Publishing, Database, Storage & Backup Software Publishing, Business Analytics & Enterprise Software, Video Game Software, Design, Editing & Rendering Software

The agriculture sensor are used in smart farming to assist farmers in optimizing and monitoring crops. Agricultural sensors help farmers respond to the dynamically changing conditions of the environment. Rising global temperatures, leading to change in an environment unsuitable for crops, can already be predicted with the help of agriculture sensors. The wide range of benefits from precision agriculture includes weather forecasts, real-time farm tracking, and optimum field requirements. The main types of agriculture sensors are humidity sensors, electrochemical sensors, mechanical sensors, optical sensors, pressure sensors, water sensor, soil sensors, and location sensors. The humidity sensor market consists of sales of humidity sensors by entities (organizations, sole traders, and partnerships) that are used to check the moisture and humidity ratio of land. There are four main types of humidity sensors, namely, conductive humidity sensors, thermal conductivity sensors, optic hygrometers, and oscillating hygrometers.It has various end user industry such as manufacturing, automotive, aerospace, packaging, healthcare, electronics and other end-users.These agriculture sensors are used for soil monitoring, yield mapping and monitoring, disease detection and control, weed mapping, and other applications. The agriculture sensor research report is one of a series of new reports from The Business Research Company that provides agriculture sensor statistics, including agriculture sensor industry global market size, regional shares, competitors with agriculture sensors share, detailed agriculture sensor segments, market trends and opportunities, and any further data you may need to thrive in the agriculture sensor industry. This agriculture sensor research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global agriculture sensor market size grew from $1.49 billion in 2022 to $1.75 billion in 2023 at a compound annual growth rate (CAGR) of 17.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The agriculture sensor market size is expected to grow to $3.38 billion in 2027 at a CAGR of 17.9%. The increasing adoption of smart farming practices is expected to propel the growth of the agriculture sensor market over the coming years. Agriculture sensors are widely utilized in smart farming practices for various on-field activities such as weather forecasts, measuring leaf wetness and trunk diameter, spreading pesticides as well as insecticides, and others. The advantages of the sensor over existing technologies, such as easy installation, cheaper use, minimizes pollution and global warming, and remotely controllable, have led to a rapid surge in the utilization of technologies related to sensors in agricultural applications. For instance, according to the study conducted by McKinsey Global Institute, a business and economics research wing of McKinsey, smart farming practices are expected to create up to $11 trillion in economic benefits globally by 2025. Thus, the rapid growth in the adoption of smart farming practices by agricultural communities is expected to boost the agricultural sensors market during the forecast period. The emergence of advanced technologies is a key trend gaining popularity in the agriculture sensor market. The key players in the agriculture sensors market are focusing on developing innovative products with emerging technologies and low-cost features to meet the growing demand for smart farming technologies and solutions across the globe. For instance, in March 2021, Monnit Corporation, a USA-based manufacturer of remote monitoring and wireless sensors, launched the ALTA Soil Moisture Sensor, which alerts operators on mobile devices and computers on the location of crops or commercial landscaping to be watered. The two-in-one sensor soil moisture sensor measures both soil water tension and temperature and alerts the operator. In November 2021, Sentera, an America-based agricultural service provider acquired Insight Sensing, an America-based smart agriculture company engaged in manufacturing of precision agriculture and remote sensing research and technologies for an undisclosed amount. Through this acquisition, Sentera aims to widen the capabilities of its product portfolio and partnerships in agriculture services. Major players in the agriculture sensor market are Libelium Comunicaciones Distribuidas Sl, Auroras, Acquity Agriculture, Pycno, Agsmarts Inc., Edyn, Acclima Inc., Caipos Gmbh, Vegetronix Inc., Sentek Ltd., Aquaspy Inc., CropX, AG Leader, Sol Chip Ltd., Sentera, LLC., Caipos Gmbh, dol-sensors A/S, Glana Sensors AB, Monnit Corporation, and Sensoterra. North America was the largest region in the agriculture sensor market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the agriculture sensor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the Agriculture Sensor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The agriculture sensor market consists of revenues earned by entities by providing agriculture sensor services such as air temperature, soil temperature at various depths, rainfall, leaf wetness, chlorophyll, wind speed, dew point temperature, wind direction. The market value includes the value of related goods sold by the service provider or included within the service offering. The agriculture sensor market also includes GPS, accelerometers, smart cameras, and pH sensors which are used in providing agriculture sensor services. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global agriculture sensor market is segmented - 1) By Sensor Type: Humidity Sensor, Electrochemical Sensor, Mechanical Sensor, Optical Sensor, Pressure Sensor, Water Sensor, Soil Sensor, Location Sensor 2) By Application: Soil Monitoring, Yield Mapping and Monitoring, Disease Detection and Control, Weed Mapping, Other Applications

Agriculture involves the cultivation of plants, and animal and bird rearing for food, fabrics, fibers, biofuel, medicinal and other products used to sustain and enhance human life. The main types of agriculture are animal production, crop production, and rural activities. Crop production is the practise of cultivating crops for both domestic and commercial use. Wheat, maize, rice, jute, and other crops are grown on a large scale. The nature of agricultural products can be organic or conventional and are distributed through supermarkets/hypermarkets, convenience stores, e-commerce, and other channels. The agriculture market research report is one of a series of new reports from The Business Research Company that provides agriculture market statistics, including agriculture industry global market size, regional shares, competitors with an agriculture market share, detailed agriculture market segments, market trends and opportunities, and any further data you may need to thrive in the agriculture industry. This agriculture market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global agriculture market grew from $12,245.63 billion in 2022 to $13,398.79 billion in 2023 at a compound annual growth rate (CAGR) of 9.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The agriculture market is expected to grow to $19,007.8 billion in 2027 at a CAGR of 9.1%. The world's population is growing and is expected to reach 10 billion by 2050. An increase in the population creates more demand for food. According to the Agricultural Outlook by the Organization for Economic Co-operation and Development (OECD) and FAO (Food and Agriculture Organization) published, global cereal production was projected to increase by 13% by 2027. Crop production, farming activities, and trade volumes will have to increase to meet the needs of the increased population. Agribusiness companies will increase acquisitions of arable land to increase crop production. Agriculture companies are expected to increase their presence and activities to meet increased demand from farming activities and increase their growth. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the agriculture market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and has spread globally, including Western Europe, North America, and Asia. As governments imposed lockdowns, farmers faced difficulties in harvesting and marketing their produce. Also, the export of agricultural produce declined significantly as countries imposed restrictions on cross-border trade. The outbreak is expected to continue to hurt businesses throughout 2020 and into 2021. However, it is expected that the agriculture market will recover from the shock over the forecast period as it is a "black swan" event and not related to ongoing or fundamental weaknesses in the market or the global economy. A shortage of labour and increasing demand for advanced agriculture tools in many countries is driving the demand for agriculture robots, or agribots. Agribots are used on farmlands for pruning, weeding, and spraying pesticides and herbicides. They are connected to tractors for spraying water, seeds, pesticides, nutrients, and harvesting. For instance, the Energid Citrus Picking Robot System picks an orange every two seconds from a tree, thus enhancing productivity and thereby limiting the need for agricultural labor. Some of the companies providing ag robots for effective and efficient productivity in agriculture are Small Robot Company, Naio Technologies, EarthSense, HETO Agrotechnics, Harvest Automation, PrecisionHawk, BoniRob, and others. Major companies in the agriculture market include Cargill Incorporated, Dairy Farmers of America, Bayer AG, WH Group Limited, Bunge Limited, Wens Foodstuff Group Co. Ltd., Charoen Pokphand Foods PCL, Corteva Inc., Olam International, and Land O'Lakes Inc. The Asia-Pacific was the largest region in the agriculture market in 2022. North America was the second largest region in the agriculture market. The regions covered in the agriculture report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the agriculture market are Argentina, Australia, Austria, Bangladesh, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Iran, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, Ukraine, USA, and Vietnam. The agriculture market consists of revenues earned by entities that produce milk, honey, meat, wool, egg, skin and hide, live animals, grain farming, oilseed farming, fruit and nut farming, vegetable farming, general crop farming, greenhouse, nursery, and flowers, and other agriculture products. The agriculture market also consists of revenues earned by entities by providing services such as fishing, hunting and trapping, forestry and logging, agriculture and forestry services, and other agriculture services. This market also includes horticulture and aquaculture. This market excludes proceeds from captive (internal) consumption of the agriculture and forest produce for further processing. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global agriculture market is segmented - 1) By Type: Animal Produce, Crop Production, Rural Activities 2) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Other Distribution Channels 3) By Nature: Organic, Conventional Subsegments Covered: Milk, Honey, Meat, Wool, Egg, Skin And Hide, Live Animals, Other Animal Produce, Grain Farming, Oilseed Farming, Fruit And Nut Farming, Vegetable Farming, General Crop Farming, Greenhouse, Nursery, And Flowers, Fishing, Hunting And Trapping, Forestry And Logging, Agriculture And Forestry Services

The agricultural micronutrient are defined as a fine blend of mineral elements, which play an important role in balancing crop nutrition. Agricultural micronutrients are crucial for plant growth that nurture horticultural crops and crops of pulses, cereals, spices, plantations, and oilseeds. The mineral elements in agricultural micronutrients include manganese, zInc., iron, copper, molybdenum, and boron. The main types of agricultural micronutrients are zInc., boron, iron, copper, manganese, molybdenum, and other Types. Zinc is a necessary micronutrient for human metabolism since it catalysis over 100 enzymes, aids protein folding, and regulates gene expression. Zinc deficiency is more common in patients with malnutrition, alcoholism, inflammatory bowel disease, and malabsorption disorders. The method of application is soil application, fertigation, foliar, seed treatment, and hydroponics used for various crop types such as cereals, pulses, oilseeds, spices, fruit, and vegetables. The applications are tomato, cotton, citrus, apple, lettuce, soybean, and other applications. The agricultural micronutrients market research report is one of a series of new reports from The Business Research Company that provides agricultural micronutrients market statistics, including agricultural micronutrients industry global market size, regional shares, competitors with an agricultural micronutrients market share, detailed agricultural micronutrients market segments, market trends and opportunities, and any further data you may need to thrive in the agricultural micronutrients industry. This agricultural micronutrient market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global agricultural micronutrients market size grew from $5.3 billion in 2022 to $5.94 billion in 2023 at a compound annual growth rate (CAGR) of 12.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The agricultural micronutrients market size is expected to grow to $9.65 billion in 2027 at a CAGR of 12.9%. The rising micronutrient deficiency in soil is expected to propel the growth of the agricultural micronutrient market. Micronutrient deficiency in soil is defined as the low or unavailability of elements like manganese, copper, zInc., boron, iron, sulphur, and molybdenum. The deficiency of these elements is a concern to the farmers, as it decreases productivity and profit. For instance, in October 2022, according to a report published by ICAR, an India-based apex body managing research and education in agriculture, that was conducted from agricultural fields in 615 districts spread across 28 states in India found that S (58.6% of soils), Zn (51.2% of soils), and B (44.7% of soils) had higher deficiencies than Fe (19.2% of soils), Cu (11.4% of soils), and Mn (17.4% of soils) did. Out of 615 districts, > 50% of the soils in 101, 131, and 86 districts, respectively, had insufficient amounts of available S, available Zn, and available B. Therefore, the growing micronutrient deficiency in soil is driving the growth of the agricultural micronutrient market. Technological advancements are shaping the agricultural micronutrient market. Technological advancement is a discovery of knowledge that advances technology and aids in providing an enhanced product. For instance, in September 2022, ICL Group Ltd., an Israel-based developer and manufacturer of metals, fertilizers and specialty chemicals, launched eqo.x, a revolutionary rapidly biodegradable release technology created for open field agriculture. By reducing nutrient loss and increasing nutrient use efficiency (NUE) up to 80%, a coating is used in this novel solution to help farmers maximize agricultural crop performance while minimizing environmental impact. The release technology can also help reduce the number and amount of nitrogen applications, increase or maintain yields with lower fertilizer rates, and provide predictable and consistent nutrient release. In November 2020, The McGregor Company, a US-based provider of seed, crop inputs, research, equipment, and advice required to raise sustainable and healthy crops, acquired HydroGro, for an undisclosed amount. With this acquisition, The McGregor company aims at strengthening its position in the agriculture and turf industries, offering specialty products and solutions. HydroGro is a US-based manufacturer of water-based micronutrient solutions for the turf and agriculture markets. Major players in the agricultural micronutrients market are BASF SE, Yara International ASA, Nutrien Ltd., Nouryon, Compass Minerals International, Helena Chemical Company, Corteva Agriscience, Coromandel International Limited, Haifa Group, Valagro S.p.A, Sigma AgriScience LLC, Aries Agro Limited, AgroLiquid, Agrium Inc., The Dow Chemical Co, ATP Nutrition, Baicor L.C., Stoller USA Inc., Akzonobel, Sumitomo Chemical Co. Ltd., Syngenta International AG, Brandt Consolidated Inc., Grow More Inc., DowDuPont Inc., and Western Nutrients Corporation. Asia-Pacific was the largest region in the agricultural micronutrient market in 2022. Asia-Pacific is expected to be the fastest-growing region in the market. The regions covered in the agricultural micronutrient market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the agricultural micronutrient market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The agricultural micronutrient market consists of sales of agricultural micronutrients such as chlorine and nickel. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global agricultural micronutrients market is segmented - 1) By Type: Zinc, Boron, Iron, Copper, Manganese, Molybdenum, Other Types 2) By Method of Application: Soil Application, Fertigation, Foliar, Seed Treatment, Hydroponics 3) By Crop Type: Cereals, Pulses, Oilseeds, Spices, Fruit And Vegetables 4) By Application: Tomato, Cotton, Citrus, Apple, Lettuce, Soybean, Other Applications