According to Analyst, 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 is defined as the use of technologies such as IoT, big data, and other analytical tools in the agricultural sector. Smart farming is part of agricultural analytics and a breakthrough application of science and technology across agriculture. It is used widely to understand different aspects of agriculture such as irrigation and cultivation. Various technologies such as IoT, remote sensing application control, GPS, etc., are used in agricultural analytics. Agricultural analytics is designed to improve several farming techniques, using complementary technologies such as drones, satellites, and others to make better decisions. Agriculture Analytics market research includes a thorough competitor study analysis and SWOT analysis. According to the market study, report covers key players market share and global impression through collaborations, mergers and acquisitions, joint ventures, partnerships, agreements and product launches. The research examines macroeconomic and microeconomic variables that may affect market demand and growth. The research reports covers COVID-19 impact on current market position as well as regional analysis for future growth. The market size, share, production, revenue, production, gross margin, pricing, and market-influencing factors are all covered in research report. The market research report is in-depth examined for the relevant time frame.
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Report Scope:
| Report Attribute | Details |
| Market Size In 2021 | USD 1.02 Billion |
| Market Size in 2028 | USD 2.25 Billion |
| CAGR Growth Rate | 11.9%. |
| Base Year | 2021 |
| Forecast Period | 2022 to 2028 |
Leading Key Players: 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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Market Dynamics and Factors:
Drivers:
- Growing Urban Farming Potential
- Rising Demand for High-quality Food
Restraints:
- High Costs of Gathering of Relevant Data
Opportunities:
- Upcoming Opportunity for the Deployment of Big Data in Agriculture Industry
Market Segment by Component:
- Solutions
- Services
Market Segment by Deployment:
- On-Premise
- Cloud-based
Market Segment by Appliation:
- Farm Analytics
- Livestock Analytics
- Aquaculture Analytics
- Others
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Market Segment by Region:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
- South America (Brazil, Argentina, Rest of SA)
Key Industry Development In The 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. The Company further announced the launch of a new, next-generation software platform offering best-in-class agricultural analytics service with unmatched reach, quality, speed, and integration capabilities.
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. This effective solution comes as rising pressures around climate resiliency, mitigation, and adaptation are revealing the urgent need for thoughtful and efficient land use.
Table of Contents
Chapter 1: Introduction
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
Chapter 4: Market Landscape
Chapter 5: Market by Type
Chapter 6: Market by Application
Chapter 7: Market by End-User
Chapter 8: Company Profiles and Competitive Analysis
Chapter 9: Global Market Analysis, Insights and Forecast, 2016-2028
Chapter 10: North America Market Analysis, Insights and Forecast, 2016-2028
Chapter 11: Europe Market Analysis, Insights and Forecast, 2016-2028
Chapter 12: Asia-Pacific Market Analysis, Insights and Forecast, 2016-2028
Chapter 13: Middle East & Africa Market Analysis, Insights and Forecast, 2016-2028
Chapter 14: South America Market Analysis, Insights and Forecast, 2016-2028
Chapter 15 Investment Analysis
Chapter 16 Analyst Viewpoint and Conclusion
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Key Benefits of Global Market Research Report:
- Market Segmented by Types, Applications, Regions, and key players
- Potential Market Drivers. restraints, opportunities and challenges in the study
- Recent Key industry news, developments and trends
- Leading Competitive landscape & strategies of industry players
- Research coves market historical, current, and projected market size and share value
- In-depth analysis of market in terms of sales, price, revenue, market share, and growth rate
- Research covers the porter analysis Bargaining Power of Suppliers and consumers, Threats of New Entrants, Substitute Product and Services
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