The global agriculture analytics market size is expected to be valued at USD 920.93 billion in 2024 and reach USD 1961.95 billion by 2029, growing at a CAGR of 16.33% from 2024 to 2029.
An increasing need for the production volume in farming drives the farm analytics market. As climate conditions, soil properties, application of fertilizers and seed varieties change, farm yields in various regions worldwide have been unstable. The need for innovative tools has been developed that would help stabilize conditions and increase agricultural producers' harvest quantity and quality.
Agricultural analysis for effectiveness evaluation and vital farm data for better decision-making are becoming more and more critical in driving growth for the market for agricultural analytics. Plant yields are influenced by several factors including weather conditions, application of fertilizer, soil and seed varieties. The identification of perfect products to increase productivity is, therefore, complicated. The use of agricultural analytics to evaluate such data is consequently rising, which boosts the growth of the market in agriculture analytics.
Intelligent agriculture is an integral part of the research that also includes the use of science and technology in agriculture. The use of technologies such as big data, IoT, and other analysis tools in the area of agriculture is termed as agricultural analytics. Government initiatives for the implementation of modern farming techniques are the primary growth factor for the farm analytics sector. Furthermore, the need to improve productivity on farms and meet increasing pressure on worldwide food demand lead to the adoption of agricultural analytics and the growth of the market in agriculture research.
The primary research elements outlined in the report provide valuable insights for leading players in the market in agriculture study. It also offers vital information and resources to new and existing players working on the agricultural research market. The market analysis report focuses on macroeconomic and microeconomic factors representing the growth of the demand in agricultural analytics
Global Agriculture Analytics Research Methodology:
Market research involves studying market trends, growth patterns, and understanding the influence of variables like macro and microeconomic conditions, geopolitical and demographic conditions on the market value and market dynamics.
The research methodology used to calculate and forecast the Agriculture Analytics market began by collecting information on the market key players' sales using multiple sources via secondary research. To identify market segmentation, supplier offers have been considered.
Global Agriculture Analytics Market Drivers:
The Agriculture Analytics market size is exponentially expanding owing to the following:
Global Agriculture Analytics Market Restraints:
Global Agriculture Analytics Market Opportunities:
REPORT COVERAGE:
REPORT METRIC |
DETAILS |
Market Size Available |
2023 to 2029 |
Base Year |
2023 |
Forecast Period |
2024 to 2029 |
CAGR |
16.33% |
Segments Covered |
By Application Area, Component, Farm Size and Region |
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
Market Leaders Profiled |
Deere & Company (Switzerland),IBM (United States),SAP SE (Germany),Trimble (US),Monsanto,Accenture (United States),DTN (US),Farmers Edge (US),Granulare (US),Groenlligence (US),Proagrica (UK),PrecisionHawk (US),PrecisionHawk (United states),RESSON (Canada),Stesalit systems (US),AgVue Technologies (US) and Others. |
This research report on the global agriculture analytics market is segmented and sub-segmented into the following categories.
Global Agriculture Analytics Market - By Application Area:
Global Agriculture Analytics Market - By Component:
Global Agriculture Analytics Market - By Farm Size:
The agricultural analytical market offers tools and services that enable livestock farmers to make better decisions by obtaining information on animals in real-time and optimizing various animal handling processes. Those processes include feeding management, managing heat stress, extracting milk, breed management, tracking and controlling behaviour, veal management, genetic management and cattle sorting. Analytical animals involve improving farm production by using different devices, such as RFIDs, GPSs, feeding systems, agricultural management systems, robotic milking machines and other software solutions.
In addition, the increasing need for livestock management, which increases farmers' pressure and can result in maladministration, encourages the growth of the market for agricultural analytics. The growth of the agrarian analysis market is also favourable to eliminate risks associated with such maladministration and increasing animal tracking needs.
Technology innovation and the increased focus on modern farming practices have contributed to advanced agriculture analytics being adopted by farmers and producers. In contrast to small and medium-sized farm producers, large-scale farm producers can invest in advanced technology to develop a well-equipped next-generation agricultural infrastructure. Farmers can make informed decisions about the crops to be cultivated for their future harvest, soil health, water available and plant predictions, through the agricultural analytics solution implemented for the agricultural infrastructure.
Global Agriculture Analytics Market – By Region:
The biggest market size is expected in North America, and the same will continue between 2020 and 2025. The area mainly has large farms with the best agricultural equipment, which contributes significantly to the growth of the demand for farm analytics. Due to increasing investments in digital agriculture practices and the implementation of cloud-based solutions by farmers across the region, APAC is expected to provide lucrative opportunities for agricultural analytics vendors. However, the lack of data standardization in different regions may affect the adoption of a solution to agricultural analysis.
KEY MARKET PLAYERS:
Deere & Company (Switzerland), IBM (United States), SAP SE (Germany), Trimble (US), Monsanto, Accenture (United States), DTN (US), Farmers Edge (US), Granulare (US), Groenlligence (US), Proagrica (UK), PrecisionHawk (US), PrecisionHawk (United states), RESSON (Canada), Stesalit systems (US), AgVue Technologies (US), Deere & Company, a leader in its modern agriculture portfolio with an extensive range of products and services, addresses the requirements of the consumers.
KEY HIGHLIGHTS OF THE RESEARCH REPORT:
RECENT DEVELOPMENTS IN THE MARKET:
FAQ's
The global agriculture analytics market is valued at USD 920.93 billion in 2024.
North America and Europe currently lead in market share for agriculture analytics solutions, driven by the adoption of precision farming techniques and advanced data analytics technologies.
In North America, key trends driving growth include the integration of data-driven decision-making in farming operations, increasing adoption of IoT devices, and the emergence of predictive analytics for crop management.
In Asia Pacific, the agriculture analytics market is responding to the increasing demand for food security and sustainability by offering solutions for precision agriculture, crop monitoring, and resource optimization to improve productivity and reduce environmental impact.
In India, the agriculture analytics market is addressing the need for affordable solutions by offering cloud-based platforms, mobile applications, and extension services tailored to the requirements of smallholder farmers.
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