Europe Digital Agriculture Market Size, Share & Trends Analysis Report By Application, By Technology, By Component, By Country and Growth Forecast, 2024 - 2031

The Europe Digital Agriculture Market would witness market growth of 9.4% CAGR during the forecast period (2024-2031).

The Germany market dominated the Europe Digital Agriculture Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $2,465.3 Million by 2031. The UK market is exhibiting a CAGR of 8.5% during (2024 - 2031). Additionally, The France market would experience a CAGR of 10.4% during (2024 - 2031).

Precision farming, which entails the utilization of technologies such as GPS-guided equipment, IoT-enabled sensors, and data analytics to enhance the administration of crops at the field level, is a critical component of digital agriculture. This approach helps maximize crop yields and minimizes the waste of critical inputs such as water, fertilizers, and pesticides.

Moreover, the widespread use of cell phones as well as internet connectivity in rural regions has also had a big impact on the democratization of access to digital agriculture solutions. In regions with limited traditional extension services, mobile applications enable farmers to access real-time information on weather forecasts, market prices, pest outbreaks, and best agricultural practices.

The growth of the digital agriculture market in Europe is fueled by the region's strong emphasis on sustainability and environmentally friendly farming practices. European countries are adopting digital technologies such as IoT, AI, and automation to meet stringent environmental regulations, optimize resource utilization, and enhance agricultural productivity. The widespread presence of technologically advanced farms, coupled with supportive government policies and subsidies for precision farming, continues to drive the digital transformation of the region’s agriculture sector.

Based on Application, the market is segmented into Precision Farming & Farm Management, Livestock Monitoring, Supply Chain Management, Financial Management, and Other Application. Based on Technology, the market is segmented into IoT, Automation, AI, Drones, and Other Technology. Based on Component, the market is segmented into Hardware, Software, and Service. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Netherlands, and Rest of Europe.

List of Key Companies Profiled

• Microsoft Corporation
• BASF SE
• Indigo Ag, Inc.
• AGCO Corporation
• Wipro Limited
• Yara International ASA
• Bayer AG
• IBM Corporation
• Trimble, Inc.
• Deere & Company

Europe Digital Agriculture Market Report Segmentation

By Application

• Precision Farming & Farm Management
• Livestock Monitoring
• Supply Chain Management
• Financial Management
• Other Application

By Technology

• IoT
• Automation
• AI
• Drones
• Other Technology

By Component

• Hardware
• Software
• Service

By Country

• Germany
• UK
• France
• Russia
• Spain
• Netherlands
• Rest of Europe