Agriculture Analytics Market Emerging Trend | By Key Players, Product Type, Application and Region
According to the most recent report by Emergen Research, the size of the worldwide agriculture analytics market is anticipated to reach USD 2,041.6 Million in 2028 and exhibit a consistent CAGR throughout the projected period. Increased adoption of cutting-edge technologies like Internet of Things (IoT), Big Data, and other analytics tools in the agriculture sector to increase crop production and work efficiency can be linked to the steady market revenue growth. Big data analytics is being used by farmers more frequently to increase their productivity and level of competition, which is fueling the market for agriculture analytics’ revenue growth. Demand for agriculture data analysis is rising as a result of the growing need to better crop management.
Agriculture analytics, which is also the ground-breaking use of science and technology in agriculture, includes smart farming. The use of technologies like Big Data, IoT, and other analytics tools in the agricultural sector is known as agriculture analytics. Government incentives to use new agricultural methods are the main development driver for the market for agriculture analytics. A further factor pushing the adoption of agriculture analytics and the expansion of the market for these tools is the mounting strain to meet the world’s expanding food demand while also enhancing farm production.
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Some Key Highlights from the Report
The acquisition of Harvest Profit, a top provider of farm profitability software with headquarters in Fargo, North Dakota, US, was announced by John Deere in November 2020. The John Deere Harvest Profit software is anticipated to provide clients with a forward-looking financial lens, improved visibility into the profitability of their farms, and the knowledge necessary to make better operational management decisions.
In 2020, the solution segment accounted for the greatest revenue share. A growing need for agriculture analytics solutions is being driven by the need for more precise crop forecasting and yields.
Revenue in the large farms sector is anticipated to grow at a quick CAGR over the forecast period. Big data IoT sensors are being adopted by large farms more frequently in order to monitor their operations and obtain data on tractor availability, maintenance due dates, and notifications for fuel refills.
Deere & Company, IBM, Bayer AG, SAP SE, Trimble, Accenture, DeLaval, Iteris, Inc., Oracle, and AGRIVI are notable market participants.
Emergen Research has segmented the global agriculture analytics market on the basis of component, farm size, deployment modes, application, and region:
Component Outlook (Revenue, USD Million; 2018–2028)
Farm Size Outlook (Revenue, USD Million; 2018–2028)
- Small and Medium Farms
- Large Farms
Deployment Modes Outlook (Revenue, USD Million; 2018–2028)
Application Outlook (Revenue, USD Million; 2018–2028)
- Livestock Analytics
- Farm Analytics
- Aquaculture Analytics
Regional Outlook (Revenue, USD Million; 2018–2028)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
To Visit Full Report & Table of Contents Agriculture Analytics [email protected] https://www.emergenresearch.com/industry-report/agriculture-analytics-market
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