Agriculture Analytics Market
The global agriculture analytics market size is expected to reach USD 2,041.6 Million in 2028 and register a steady CAGR over the forecast period, according to latest analysis by Emergen Research. Steady market revenue growth can be attributed to increasing adoption of advanced technologies such as Internet of Things (IoT), Big Data, and other analytics tool in the agriculture sector to improve crop yield and enhance work efficiency. Farmers are increasingly utilizing big data analytics to become more competitive and productive, which is boosting revenue growth of the agriculture analytics market.
The report presents a comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a better view of the competitive landscape. It also provides details about the organic and inorganic business approaches undertaken by the key companies in the Agriculture Analytics market to offer a holistic overview of the business landscape to the reader. It further covers all the relevant aspects of the market to help readers capitalize on the emerging growth opportunities and gain maximum returns on the investments.
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Some Key Highlights From the Report
- Solution segment accounted for largest revenue share in 2020. Rising need for more accurate crop forecasting and yields is driving demand for agriculture analytics solutions.
- On-premises segment accounted for a significantly large revenue share in the agriculture analytics market in 2020. Rising concerns regarding data security among large farms is driving demand for on-premises agriculture analytics solution.
- Farm analytics segment accounted for a relatively larger revenue share in the global agriculture analytics market in 2020. The need to enhance agricultural supply chain management to minimize waste and excess inventory is driving rising adoption of farm analytics.
- North America accounted for largest revenue share contribution to the global agriculture analytics market in 2020. Technological advancements of traditional agricultural activities and presence of improved agricultural techniques in countries in the region is expected to drive revenue growth of the agricultural analytics in the region.
- Key players in the market include Deere & Company, IBM, Bayer AG, SAP SE, Trimble, Accenture, DeLaval, Iteris, Inc., Oracle, and AGRIVI.
Agriculture Analytics Market Segmentation:
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
The research study also offers insights into various regulatory frameworks and evaluates the growth of the industry in each key region of the world. The report also provides an assessment of the micro and macro-economic factors influencing the growth of the market in the mentioned regions. The global Agriculture Analytics market is segmented into the following based on the key regions of the world:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Summary of the Global Agriculture Analytics Report:
- Comprehensive analysis of the market including risks and opportunities
- Details of business strategies and plans undertaken by key market players
- Analysis of current and future trends that will affect the growth of the market in the forecast timeline
- In-depth analysis of drivers and constraints for better understanding of the market
- The report encompasses a detailed forecast for the years 2020-2027.
- The report provides valuable insights on key market growth driving trends and monetary competence in the forecast timeline.
Table Of Content:
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2021-2028
Chapter 3. Key Insights
Chapter 4. Agriculture Analytics Market Segmentation & Impact Analysis
4.1. Agriculture Analytics Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
220.127.116.11. Rising need to improve crop yield
18.104.22.168. Better risk management provided by analytics technology
22.214.171.124. Increasing adoption of Big Data IoT sensors
126.96.36.199. Increasing need to enhance agricultural supply chain
4.2.3. Market restraints analysis
188.8.131.52. Lack of technological awareness among farmers
184.108.40.206. High initial investments
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Agriculture Analytics Market By Component Insights & Trends, Revenue (USD Million)
5.1. Component Dynamics & Market Share, 2021 & 2028
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