Digital Agriculture Market worth $36.0 bn by 2028
The Digital Agriculture Market, valued at USD 22.0 billion in 2023, is expected to grow to USD 36.0 billion by 2028, with a CAGR of 10.3% according to a report by markets and markets. The digital economy is crucial in enhancing agricultural production and addressing hunger-related issues in developing countries. Technologies like precision farming, data analytics, and digital monitoring systems optimize farming practices, leading to improved yields and resource efficiency. Digital tools also improve governance, facilitating better policymaking, resource allocation, and monitoring of agricultural initiatives.
The Indian government is leading a technological revolution in agriculture, promoting the widespread adoption of digital farming techniques. As of January 1, 2024, the nation is implemented strategic initiatives to bridge the technology gap and enhance agricultural productivity. One such initiative is the National e-Governance Plan in Agriculture, which supports states in implementing digital agriculture projects using AI, ML, IoT, and blockchain to drive data-driven decisions for optimized agricultural outcomes.
(With inputs from Shikha Singh)
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