Asia Pacific (APAC) Agriculture Analytics Market

Asia Pacific Agriculture Analytics Market Size, Growth, Trends and Forecast:

The Asia Pacific Agriculture Analytics Market is growing at a rapid rate due to the amount of farming land available in the area as well as the willingness to adapt to new agricultural techniques. Also, due to the increasing demand for solution and service components. The Asia Pacific is promising to show growing results as there are growing investments in the digital market, such as cloud-based solutions.

In the next decade, which is by 2030, Asia Pacific is expected to reach a population count of 5 Billion people. Due to which the demand for the agriculture analytics market is high as the need for food would increase rapidly with the increase in population. Hence, the process of producing food has to find new techniques for faster production. 

Small-sized farms are innovative implementations. The adoption of Big data and IoT in the agriculture field are very profitable. The Asia Pacific has the most water bodies to breed fish and other water animals. It not only attracts international companies but also provides more revenue to the regions. 

Recent Developments

Nanotechnology is a new addition to the agriculture analytics market, and it is proven to be a more comfortable and more time-efficient process, which could be the original method for innovative farming.

IoT, big data science & analytics, cloud computing and mobile app-based hybrid system for smart agriculture and the new advancements made in agriculture analytics. These ways will help farmers analyze and produce more yields.

Drivers and Restraints of Asia Pacific Agriculture Analytics Market:

Drivers:

The governments and the private sector’s interest in agriculture analytics is the primary driver for this field. There would be a drastic increase in the population, which is around 12.2% over the next decade. So, to stop the people to face starvation, it is of the government’s interest to find a cure before the crises would begin. 

The private sectors of the agriculture analytics industry are willing to expand to developing countries, which helps them advance in the agriculture technology industry.

Restraints:

The major restraint is the lack of knowledge in the farmers and consumers about agriculture analytics. The lack of standardization of data management and scarcity of skilled personnel can hamper the growth of this regional business.  

Asia Pacific Agriculture Analytics Market Segmentation:

Asia Pacific Agriculture Analytics Market - By Application Area: 

• Livestock Analytics

• Farm Analytics
• Aquaculture Analytics

The livestock analytics market is supposed to have the highest CAGR compared to farm analytics and aquaculture analytics. This is because livestock analytics involves feeding management, dairy harvesting, breeding management, tracking control, heat stress management, behaviour management, calf management, genetic management, and cattle sorting. All these processes should be heavily monitored, and that is why farmers are ready to invest more in the agriculture analytics market for a higher quality product.

Asia Pacific Agriculture Analytics Market - By Farm Size: 

• large-sized farm
• medium-sized farm
• small-sized farm

The Asia Pacific has both large-sized farm and medium-sized farm. Small-sized farms usually have work deficiency, but as the region contains large and medium farms, the cost for maintaining them is very high. Also, productivity with profits and demands is high. Due to the viability of more area, international companies are willing to invest in second world countries, such as India, China, and Japan.

Asia Pacific Agriculture Analytics Market - By Component: 

• services
• solutions

Unlike other market segmentations, in agriculture analytics, both services and solutions work hand in hand to give better results. Startups have developed an application called software as a service (SAAS). This helps the farmers analyze the crops and track the costs of each yield, check the weather conditions and decide on which plant would give the best return during a particular season. Overall, with the advancement in technology, there is a scheduled production of crops. This helps analysis and estimate the amount of yield produced so in case of starvation due to the rapid increase in population, and the required measures could be taken. Also, these solutions and services are readily available to the farmer with one click on the cell phone.

Asia Pacific Agriculture Analytics Market - By Deployment Types:

• cloud
• on-premises

Of these, the cloud segment accounts for a considerable portion and is likely to expand exponentially in the coming years.

Regional Presence

The Asia Pacific agriculture analytics market is geographically divided into the regions of India, China, Japan, Australia, and the rest of the APAC. India is estimated to be a rapidly developing nation foe these analytics with the increasing focus to strengthen the agriculture sector.

Key Players

Accenture Plc., Agribotix LLC, Agrivi ltd., aWhere Inc., Conservis Corporation, Deere Company, De Laval Inc., DNT Ltd., Farmers Business Network Inc., Farmers Edge Inc., Geosys Inc., Granular Inc., Gro Intelligence inc., IBM Corporation, Iteris Inc., Monsanto Company, Oracle Corporation, Precision Hawk Inc., SAP Inc., Trimble Inc.