The paper also discusses emerging trends and how they affect the dynamics of the industry today and in the future. The Agriculture Analytics Market research report contains comprehensive market data on market penetration provided by the major industry players. Additionally, it provides awareness and analysis on many factors that are expected to occur within the predicted era.
Agriculture Analytics Market Overview
The global Agriculture Analytics market size is projected to reach USD 1.9 billion by 2026 at a CAGR of 12.5% from USD 1.2 billion in 2021 during the forecast 2021-2028.
Agricultural analytics better known as Agroecosystem analysis is an AI driven management process which help in the analysis of various parameters in an agricultural ecosystem. It helps in collecting data and analysing the efficiency and other associated parameters of crop production. These have specialised designed algorithms to calculate the yield, fertilizer demand, future crop and the cost savings as well.
With an increased adoption of urban farming along with the growing digitalisation and rising demand for improving the agricultural supply are some of the factors that have supported long-term expansion for Agriculture Analytics Market.
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The COVID-19 pandemic is causing widespread concern and economic hardship for consumers, businesses, and communities across the globe. With the nationwide lockdown across globe the supply and demand has been greatly affected. The import and export of various agricultural products was halted owing to lockdown situations.
Agriculture Analytics Market Regional Analysis
Asia Pacific is expected to be the largest market during the forecast period. The increasing along with large farms in the region along with the increased investment in the sector have led to growth in the agricultural analytics in the region.
Agriculture Analytics Market Competitive Landscape
Key Players
• Deere & Company
• IBM
• SAP SE
• Trimble
• Monsanto
• Oracle
• Accenture
• Iteris
• Taranis
• Agribotix
• Agrivi
• DTN
• aWhere
• Conservis Corporation
• DeLaval
• FBN
• Farmers Edge
• GEOSYS
• Granular
• Gro Intelligence
• Proagrica
• PrecisionHawk
• RESSON
• Stesalit Systems
• AgVue Technologies
• Fasal
• AGEYE Technologies
• HelioPas AI
• OneSoil
• Root AI
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Agriculture Analytics Market Recent Developments
• In April 2020, Novel AI-powered technologies were released by IBM so as to help and research a possible solution for the ongoing pandemic.
• In April 2020, SAP a COVID-19 Emergency Fund which valued for about USD 3.4 million was set up by SAP in order to support the urgent needs of the World Health Organization (WHO), Centers for Disease Control and Prevention (CDC) Foundation, and many other smaller NGO’s and social enterprises.
Reasons to Acquire in the Agriculture Analytics Market
• Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
• Gain authentic and granular data access for Agriculture Analytics market so as to understand the trends and the factors involved behind changing market situations
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
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Frequently Asked Questions
What are the years considered to study Agriculture Analytics Market?
What is the compound annual growth rate (CAGR) of Agriculture Analytics Market?
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Who are the major players in Agriculture Analytics Market?
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