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Ag Tech Industry Trends

Farm management software jumped 35% to $1.69 billion in 2022, with a slight decline in deal activity highlighting some large deals. Questions remain about the overall quality of the tools on offer, especially in precision ag, as farmers have often struggled to get value for their money and efforts implementing these tools. The US still leads investment in this category, but Asia has seen tremendous growth in farmtech categories over the last couple years. India is Asia’s leader in this category; China’s ecosystem is starting to gather momentum, too.

- Based on AgFunders' Global  AgriFoodTech Investment Report of 2023, the Biggest Category of Increase was Farm Management Software, Sensing, and IoT.

-$1.7B was raised which is up 35% year-over-year

There’s no denying the second half of 2022 was terrible for venture capital (VC), and agrifoodtech was no exception. Funding to agrifoodtech startups reached $29.6 billion in 2022, down 44% year-over-year.

Stock Data

Growing Markets

2021

Global Markets

The total Indoor Farming Market was estimated to be a market value of $39.5B and expected to grow at t a CAGR of 13.9%

*Based on GrandView Market Research Report

2021

NA Indoor Farming

The Indoor Farming Technology market in North America was estimated to be $8.9B

*Based on GrandView Market Research Report

2026

NA Indoor Farming Software

The total Indoor Farming Software Technology market in North America is expected to reach $5.5B in 2027

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