Press Release

The global agritech platform market revenue surpassed US$ 18.99 billion in 2024 and is predicted to attain around US$ 92.26 billion by 2033, growing at a CAGR of 19.2% during the forecast period from 2025 to 2033.

The agritech platform market is witnessing notable growth in the forecast period, primarily driven by escalating food demand and a rising agricultural population. As the global population expands, the food industry naturally follows suit, necessitating innovative solutions to meet this increasing demand. With the advent of new technologies, agricultural products can now be traded through online platforms, encompassing a variety of goods such as machinery, crop seeds, and crop byproducts. 

This transition not only enhances operational efficiency but also provides farmers with easier access to essential resources for production.

For instance, projections indicate that the world’s population is expected to grow by an additional 2 billion people over the next 30 years, climbing from 8 billion in 2023 to 9.7 billion by 2050. This significant population increase will undoubtedly heighten the demand for food, directly contributing to the growth of the agritech platform market. 

Furthermore, advancements in genetic engineering and biotechnology, coupled with the rising need for technological solutions in agriculture, are further propelling the demand for agritech platforms during this forecast period. As these technologies continue to evolve, they promise to play a crucial role in shaping the future of agriculture and meeting the challenges posed by a growing global population.

Agritech Platform Market Key Takeaways

• The agritech platform market is projected to experience a significant surge in revenue, reaching an estimated US$ 92.26 billion by 2033, with a compound annual growth rate (CAGR) of 19.2% during the forecast period from 2025 to 2033.
• In terms of market segmentation by type, agritech platforms dominate the landscape, accounting for over 77.6% of the total market share. These platforms have become fundamental to modern farming innovation, as they integrate cutting-edge technologies such as data analytics, artificial intelligence, machine learning, and IoT connectivity.
• When considering market segmentation by application, agritech platforms have established a vital role in the management and optimization of agricultural supply chains, holding over 30% of the market share.

Asia Pacific to Emerge as a Fastest Growing Region of the Agritech Platform Market

The Asia-Pacific region, particularly countries like China and India, is emerging as the fastest-growing area in the agritech sector, with year-over-year growth rates approaching an impressive 13.6%. This remarkable surge can be largely due to a growing interest in artificial intelligence-driven solutions and increased government support for sustainable farming practices. As the agritech landscape evolves, the investment climate in 2024 further highlights the international dimension of the agritech platform market. By October 2024, agrifoodtech startups based in Asia-Pacific collectively raised $4.2 billion, marking a significant 38% increase compared to the same period in the previous year.

With a rapidly growing population and a robust agricultural sector, countries within the Asia-Pacific region are making substantial investments in agritech solutions aimed at enhancing productivity. This trend is driving a notable increase in the development and adoption of agritech platforms, positioning the region as a key player in the global agritech landscape. As reported by India Briefing, the world’s population is projected to approach 7.9 billion by November 2022 and is expected to reach 9.8 billion by 2050, making food security a pressing global concern. In response, the Government of India has been actively adapting to ongoing innovations and advancements in the sector. Initiatives such as the digitalization of agriculture and the introduction of an Agriculture Accelerator Fund are set to create new opportunities for domestic enterprises and the global community.

India, in particular, holds immense potential for investment and growth within the agritech sector. The country is witnessing a surge in agritech startups, supported by digital infrastructure enhancements and the adoption of cutting-edge technologies. This environment fosters innovation and encourages the development of solutions that address the unique challenges faced by farmers. As the agritech sector continues to expand, it not only aims to improve agricultural productivity but also seeks to ensure sustainable practices that meet the demands of a growing population. The combination of government support, technological advancements, and a strong entrepreneurial spirit positions the Asia-Pacific region as a pivotal force in shaping the future of agriculture on a global scale.

Market Overview

An agritech platform represents a significant advancement in the agricultural sector, functioning as a digital tool or system that utilizes technology to enhance various dimensions of agriculture, including production, management, and distribution. These platforms are designed to integrate a multitude of technologies such as data analytics, the Internet of Things (IoT), artificial intelligence (AI), and other emerging innovations. 

By the year 2024, it is projected that approximately 25% of growers will have adopted dedicated farm-management software, making it the most prevalent form of agritech platform in use today. This software plays a crucial role in managing day-to-day farm activities, from planning and monitoring to evaluating performance and optimizing inputs. Additionally, around 18% of farmers are employing remote sensing technologies and precision hardware to fine-tune their resource applications, which represents a growing trend towards more data-driven farming practices. Adoption rates of these technologies have seen remarkable growth, particularly in regions like North America and Europe, where roughly 65% of farmers either currently utilize or plan to integrate at least one agritech tool in the near future.

The usage of agritech platforms also varies significantly by farm size. For instance, an estimated 85% of large farms, 80% of medium-sized farms, and 40% of small farms either rely on or intend to introduce high-tech solutions aimed at further automating and refining their operations. This trend indicates a clear recognition across the agricultural community of the potential benefits that technology can bring, particularly as farmers seek to enhance productivity and sustainability in an ever-evolving industry. As agritech platforms continue to evolve, they are poised to play an essential role in shaping the future of agriculture, helping farmers navigate challenges and seize opportunities in an increasingly competitive landscape.

Market Growth Factors

Driver

AI-Enabled Sensor Integration: The integration of AI-enabled sensors into agricultural practices is transforming the way irrigation systems operate and how nutrients are distributed across crops. This innovative technology significantly enhances irrigation efficiency and nutrient management, leading to better resource utilization and improved crop performance.

Real-Time Analytics Empowering Growers: The use of real-time analytics in conjunction with AI-enabled sensor integration provides farmers with actionable insights that enhance sustainable agricultural practices and improve yield forecasting.

Restraint

Lack of Data Challenges: The lack of data presents a significant challenge to the agritech platform market. For Agritech solutions to be effective, they rely on accurate, comprehensive, and timely data. Without sufficient data, these platforms may struggle to deliver the insights and analytics that farmers and agribusinesses need to make informed decisions.

High Startup Operating Costs: High startup operating costs are another significant challenge facing the Agritech platform market. The initial investment required to establish and maintain these platforms can be substantial, creating barriers to entry for new companies and limiting the expansion of existing players.

Top Trends

Satellite Imagery Integration with IoT Sensors: The integration of satellite imagery with IoT sensors represents a significant advancement in precise agronomic monitoring. By combining these technologies, farmers can gain a comprehensive view of their fields, enabling them to track various parameters such as soil moisture, crop health, and growth patterns with remarkable accuracy.

Edge Computing and Real-Time Insights: Edge computing plays a crucial role in the agricultural sector by enabling real-time insights that drive rapid decision-making in the field. The deployment of edge devices equipped with advanced analytics capabilities allows instant data processing.  

Recent Developments

• In March 2025, KisanYodha, an AI-powered AgriTech platform, made its debut on International Women's Day in Naigaon, Maharashtra. This innovative platform is designed to empower Indian farmers by providing real-time market insights, AI-driven forecasting, and expert advisory services. The primary goal of KisanYodha is to reduce financial risks and boost agricultural efficiency.
• In February 2025, Skylark Drones introduced DMO-AG, a spray management software for agricultural drones. This platform was unveiled at the Krishi Darshan Expo 2025 in Hisar. DMO-AG aims to simplify and enhance agricultural drone operations, assisting farmers, drone operators, and agribusinesses in optimizing farm management.
• In September 2024, the CGIAR Accelerate for Impact Platform (A4IP) launched the Agritech4Kenya Innovation Challenge. This initiative seeks to address critical gaps in the agricultural sector, fostering innovation and improvement in agricultural practices.

Global Agritech Platform Market Key Players:

• CropX Inc.
• Arable Corp.
• Gamaya Corp.
• Agro-star Corp.
• Waycool Corp.
• 63Ideas Infolabs Private Limited (Ninjacart)
• Cropsafe Corp.
• Tevel Aerobotics Technologies Ltd.
• Phytech
• Semios
• Hortau
• CropIn
• Intello Labs
• Other Prominent Players

Key Segmentation:

By Type

• Agritech Platform
• Biotechnology and Biochemicals
• Big Data and Analytics
• Sensors and Connected Devices
• Agro Software Solutions
• Mobility Solutions
• Services

By Application

• Irrigation
• Production and Maintenance
• Supply Chain
• Livestock Monitoring
• Precision Agriculture
• Smart Greenhouse
• Others

By Geography

• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa (MEA)