Press release
Global Agriculture Analytics Market Size USD 2.25 Billion by 2028 With CAGR 11.9% | Global Industry Analysis, Size, Share, Growth, Trend and Outlook 2022-2028
Market Overview:Global Agriculture Analytics Market size was valued at USD 1.02 Billion in 2021 and is projected to reach USD 2.25 Billion by 2028, growing at a CAGR of 11.9% from 2022 to 2028.
Agricultural analytics refers to the application of technologies like IoT, big data, and analytical tools in the agricultural sector. It encompasses smart farming, which utilizes science and technology advancements to improve various aspects of agriculture such as irrigation and cultivation. Agricultural analytics employs technologies like IoT, remote sensing, GPS, and more to enhance farming techniques and enable informed decision-making. It also leverages complementary technologies like drones and satellites to gather data and improve agricultural practices. The increasing global food consumption and the need for productive agricultural land are expected to drive the demand for agricultural analytics solutions.
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Top Key Players Covered In Agriculture Analytics Market
• Deere & Company (US)
• IBM (US)
• SAP SE (Germany)
• Trimble(US)
• Monsanto (US)
• Oracle (US)
• 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.
Market Dynamics:
Driver:
Precision agriculture aims to optimize crop yield, reduce resource wastage, and enhance sustainability. Agriculture analytics plays a crucial role in precision agriculture by providing insights into various factors such as soil health, weather patterns, crop growth, and pest management. The demand for precision agriculture techniques to achieve higher productivity and resource optimization is driving the adoption of agriculture analytics solutions. The ability to gather and analyze data enables farmers to identify crop diseases, monitor soil health, predict market trends, and improve supply chain management, supporting sustainable food production to meet the demands of a growing population. This supports the growth of the market.
Opportunities:
The integration of AI and machine learning in agriculture analytics offers immense potential for advanced data analysis and predictive modeling. These technologies can provide actionable insights, automate decision-making processes, and enhance farming practices. The utilization of AI and machine learning algorithms for crop yield prediction, disease detection, and pest management creates new opportunities for the market. Agriculture analytics real-time monitoring of equipment, inventory management, workforce optimization, and financial analysis. The adoption of agriculture analytics for farm management functions presents significant growth opportunities for the market.
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Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis.
The Report Will Include A Major Chapter
• Patent Analysis
• Regulatory Framework
• Technology Roadmap
• BCG Matrix
• Heat Map Analysis
• Price Trend Analysis
• Investment Analysis
Central to our report are the company profiles and competitive analysis, providing insights into market players' overview, market role, and operating business segments. We evaluate their financial performance, production volume, sales volume, and sales margin, while highlighting recent market developments. Our market research offers invaluable intelligence and strategic insights to drive informed decision-making. By capitalizing on emerging opportunities and understanding the competitive landscape, our report empowers businesses to thrive in the Global Agriculture Analytics Market.
Segmentation Analysis Of Agriculture Analytics Market
By Component, the solution segment is estimated to dominate the growth of the agriculture analytics market. The rising need for several agribusinesses to effectively analyze and collect critical farm-related data for maximizing crop production
By Deployment, cloud-based is the major dominating segment of the agriculture analytics market. The rapid growth of this segment is primarily due to easy access, reliable security, low maintenance, and affordability.
By Application, the livestock analytics segment is expected to dominate the agriculture analytics market. Agricultural analytics solutions and services help livestock producers make better decisions by gathering real-time information.
By Component
• Solutions
• Services
By Deployment
• On-Premise
• Cloud-based
By Application
• Farm Analytics
• Livestock Analytics
• Aquaculture Analytics
• Others
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Regional Analysis Of Agriculture Analytics Market
North America is the major region that dominates the growth of the agriculture analytics market. Technological advances in traditional farming activities and improvements in farming techniques in the countries of the region are estimated to boost the growth of the regional agricultural analytics market.
By Region
• North America (U.S., Canada, Mexico)
• Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
• Western Europe (Germany, U.K., 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, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
• South America (Brazil, Argentina, Rest of SA)
Key Industry Development In The Agriculture Analytics Market
In January 2022, EarthDaily Analytics Corp., a vertically-integrated data processing and analytics company pairing cutting-edge Big Data tools with proven Space technologies, announced the rebranding of its Geosys division to EarthDaily Agro.
In March 2020, Arable launched a new generation of IoT tools for data-driven farming. The company has introduced a new Mark 2 sensor, a new mobile app, a sensor-integrating bridge device, and Arable Open, a customizable applications programming interface that partners can use.
Customized Report: -
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Key Benefits of the Report
• This study presents the analytical depiction of the global hazelnut industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global hazelnut market share.
• The current market is quantitatively analyzed to highlight the global hazelnut market growth scenario.
• Porter's five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years.
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About us:
Introspective Market Research (introspectivemarketresearch.com) is a visionary research consulting firm dedicated to assist our clients grow and have a successful impact on the market. Our team at IMR is ready to assist our clients flourish their business by offering strategies to gain success and monopoly in their respective fields. We are a global market research company, specialized in using big data and advanced analytics to show the bigger picture of the market trends. We help our clients to think differently and build better tomorrow for all of us. We are a technology-driven research company, we analyze extremely large sets of data to discover deeper insights and provide conclusive consulting. We not only provide intelligence solutions, but we help our clients in how they can achieve their goals.
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