Farming 4.0: The Impact of Digital Industries on Agriculture

Farming 4.0: The Impact of Digital Industries on Agriculture

Pioneering Applications of Advanced Computer Vision, Blockchain, and Generative AI Enable New Opportunities

RELEASE DATE
23-Jan-2024
REGION
Global
Research Code: MH1B-01-00-00-00
SKU: IA_2023_546
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Description

With the global population expected to reach 9 billion by 2050, the farming industry is under pressure to boost productivity. Digital solutions, encompassing autonomous farming equipment, real-time monitoring, and artificial intelligence (AI), are revolutionizing operations by diminishing manual labor reliance and improving efficiency. Farmers acknowledge the necessity to shift from traditional intensive methods to more sustainable approaches. This research explores how digital industries will shape the future of Farming 4.0, analyzing the growth potential of technologies like computer vision, generative AI, predictive analytics, digital twins, and blockchain.

The study delves into current and future trends, spotlighting innovative farming practices and how these will ultimately drive industry convergence.
It identifies opportunities for technology suppliers in various industries to integrate horizontally into the farming market and ensure pioneering technology applications.

The base year is 2023, and the forecast spans from 2024 to 2030.

Table of Contents

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on the Farming 4.0 Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Farming 4.0 Value Chain

Three Main Trends that will Shape the Future of Farming 4.0

Farming 4.0 Ecosystem

Technology Providers—Real-time Condition Monitoring

Technology Providers—Precision Farming

Technology Providers—Sustainable Farming

Growth Drivers

Growth Drivers (continued)

Growth Restraints

Growth Restraints (continued)

Growth Opportunity 1: Collaborative Ventures in Seed Genomics Through Generative AI Utilization

Growth Opportunity 1: Collaborative Ventures in Seed Genomics Through Generative AI Utilization (continued)

Growth Opportunity 2: Blockchain Technology Set to Revolutionize the Entire Food Supply Chain

Growth Opportunity 2: Blockchain Technology Set to Revolutionize the Entire Food Supply Chain (continued)

Growth Opportunity 3: The Future of Computer Vision in Farming 4.0

Growth Opportunity 3: The Future of Computer Vision in Farming 4.0 (continued)

List of Exhibits

Legal Disclaimer

With the global population expected to reach 9 billion by 2050, the farming industry is under pressure to boost productivity. Digital solutions, encompassing autonomous farming equipment, real-time monitoring, and artificial intelligence (AI), are revolutionizing operations by diminishing manual labor reliance and improving efficiency. Farmers acknowledge the necessity to shift from traditional intensive methods to more sustainable approaches. This research explores how digital industries will shape the future of Farming 4.0, analyzing the growth potential of technologies like computer vision, generative AI, predictive analytics, digital twins, and blockchain. The study delves into current and future trends, spotlighting innovative farming practices and how these will ultimately drive industry convergence. It identifies opportunities for technology suppliers in various industries to integrate horizontally into the farming market and ensure pioneering technology applications. The base year is 2023, and the forecast spans from 2024 to 2030.
More Information
Author Marina Salaber
Industries Industrial Automation
No Index No
Is Prebook No
Keyword 1 Agriculture Digitalization Analysis
Keyword 2 Digital Agriculture Trends
Keyword 3 Agri-Tech Innovations
Podcast No
WIP Number MH1B-01-00-00-00