Global Agriculture Analytics Market Size Was Valued at USD 1.14 Billion In 2022 And Is Projected to Reach USD 2.81 Billion By 2030, Growing at A CAGR of 11.9% From 2023 To 2030.
The agriculture analytics sector is growing in popularity as the agricultural sector turns to data-driven technologies more and more to enhance productivity and sustainability. The market utilizes data analytics, artificial intelligence, Internet of Things, and machine learning to evaluate crop production, soil quality, weather trends, and agricultural methods. Farmers gain advantages from better decision-making, improved management of resources, and lower operational expenses. The growth is mainly driven by the increasing adoption of precision farming and government efforts to encourage smart agriculture. Nevertheless, obstacles consist of expensive implementation, worries about data privacy, and the requirement for technical knowledge. Chances are available to create cheaper and easier-to-use platforms, reach out to smaller and medium-sized farms, and emphasize sustainable agricultural methods.
Top Key Players Covered In Agriculture Analytics Market
Deere & Company (US), IBM (US), SAP SE (Germany), Trimble(US), Monsanto (US), Oracle (US), Accenture (Ireland), Iteris (US), Taranis (Israel), Agribotix (US), Agrivi (UK), DTN (US), aWhere (US), Conservis Corporation (US), DeLaval (Sweden), FBN (US), Farmers Edge (US), GEOSYS (US), Granular (US), Gro Intelligence (US), and other major players.
Drivers:
The agriculture analytics market is mainly fueled by the growing utilization of precision farming methods and the increasing demand for data-driven decision-making in agriculture. Farmers are using analytics to enhance crop production, minimize wastage, and enhance resource efficiency. Increased pressure to fulfill food needs caused by population growth, as well as the importance of sustainable farming, continues to drive market demand. Advancements in sensors, drones, and IoT devices have made gathering real-time agricultural data easier, leading to improved farming efficiency through analysis.
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The global Agriculture Analytics market research investigates the market in-depth and offers a comprehensive analysis of the major growth determinants, Agriculture Analytics market share, current trends, key players, and their future predictions. In addition, market demand and supply, each geographical region's growth rate, and market potential are all included in the Agriculture Analytics Market study. Raw materials, marketing channels, client surveys, industry trends and proposals, CAGR status, product scope, Agriculture Analytics market trends, major leading countries/regions, market risk, and market driving force are all included in the market research. The market prediction was based on a thorough market investigation completed by several industry experts.
Opportunity:
Emerging markets, like those in Asia-Pacific and Africa, have great potential for expansion due to the important role that agriculture plays in their economies. Increasing the implementation of cloud-based analytics solutions in agriculture can assist small and medium-sized farmers in embracing data-driven farming methods. Moreover, the advancement of AI-driven predictive analytics technology can offer farmers practical information for improving crop planning, managing risks, and optimizing resources, leading to lasting benefits for the market.
Segmentation Analysis of the Agriculture Analytics Market
By Component
· Solutions
· Services
By Deployment
· On-Premise
· Cloud-based
By Application
· Farm Analytics
· Livestock Analytics
· Aquaculture Analytics
· Others
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By Region
• North America (US, Canada, Mexico)
• Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
• Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
• Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
• South America (Brazil, Argentina, Rest of SA)
Key Benefits for Industry Participants & Stakeholders:
· Industry drivers, restraints, and opportunities covered in the study
· Neutral perspective on the market performance
· Recent industry trends and developments
· Competitive landscape & strategies of key players
· Potential & niche segments and regions exhibiting promising growth covered
· Historical, current, and projected market size, in terms of value
· In-depth analysis of the Agriculture Analytics Market
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