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.
In order to optimize farm operations, increase crop yield, and promote sustainability, the Agriculture Analytics Market include the gathering, analyzing, and interpreting of agricultural data. It includes a variety of tools and technology, such as satellite imaging, data gathering devices, geographic information systems (GIS), software for predictive analytics, and weather forecasting models. Farmers, agronomists, and other agricultural stakeholders can learn more about insect infestations, weather patterns, crop growth patterns, soil health, and resource use by using agriculture analytics. The makers of agricultural equipment, data management platforms, analytics software providers, and service providers with precision farming solutions are important players in the market. Government rules, environmental concerns, adoption of smart agricultural methods, and technological improvements all have an impact on market dynamics.
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.
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Introspective Market Research is a globally trusted Market Research partner delivering comprehensive market research studies that provide businesses with invaluable insights and strategic guidance for informed decision-making. Our studies are based on extensive array of primary and secondary sources and ensures the utmost accuracy and reliability in our findings.
At the core of our study is an in-depth analysis of the Agriculture Analytics market ecosystem, where we thoroughly examine the functions and interdependencies of various market stakeholders. Through our expert utilization of trusted methodologies, including SWOT Analysis, Porter's Five Forces Analysis, and Price Trend Analysis, we offer a comprehensive understanding of both the regulatory landscape and the prevailing trends shaping the industry.
Drivers:
Growing Urban Farming Potential
Growing food on rooftop gardens and communal plots has been a global trend in recent decades known as "urban farming." Urban farming offers numerous benefits to urban people, including the provision of locally grown crops and various health benefits. Customers can follow current regulatory laws and prevent excessive use of chemicals in urban gardening by keeping a tight eye on their crops. Increased profitability results from the absence of pests, weeds, or chemicals destroying crops. Modern farming practices are being widely implemented at a quick pace due to increased digitization, which is driving the growth of the agriculture analytics 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
Restraints:
High Costs of Gathering of Relevant Data
Adoption of satellite analytics might mitigate market demand, but the market expansion of agriculture analytics is likely to be hampered by the high costs of relevant data collection and a substantial initial capital expenditure. Tractor and drone use for mapping and navigation is quite expensive, but it can boost crop yields. The primary factor impeding the market's growth is the expensive expense of obtaining such detailed data. To collect accurate field data, AI technology needs highly competent farmers, specialized farming equipment, and large initial investments.
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Opportunity:
Upcoming Opportunity for the Deployment of Big Data in Agriculture Industry
Big data is genuinely altering the agriculture industry, which presents prospects for growth. The only thing that can be blamed for the increase is the existence of a cloud-based ecosystem and the necessary tools and software to combine data sources. In addition, significant stakeholders are looking to technology expertise like IoT, analytics, big data, and cloud computing for help in meeting the demands of increased food demand and climate change. Furthermore, the potential of Big Data to track tangible objects, collect data in real-time, and forecast future events can present agricultural operations with lucrative prospects.
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)
Motives for Buying This Market Report:
- Market forecast analysis through recent trends and SWOT analysis
- Agriculture Analytics Market Dynamics Scenarios with Market Growth Opportunities over the Next Year
- Market segmentation analysis, including qualitative and quantitative studies that include economic and non-economic impacts
- Agriculture Analytics Market Regional and country-level analysis that integrates demand and supply forces that impact the growth of the market.
- Competitive environment related to the Agriculture Analytics market share for key players, along with new projects and strategies that players have adopted over the past five years
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