According to a research report "Agriculture Analytics Market by Application Area (Farm Analytics, Livestock Analytics, and Aquaculture Analytics), Component (Solution and Services), Farm Size (Small, Medium Sized, and Large), Deployment Type, and Region - Global Forecast to 2023", The global agriculture analytics market size is expected to grow from USD 585 million in 2018 to USD 1,236 million by 2023, at a CAGR of 16.2% during the forecast period. An increasing need to improve the farm productivity and associated farming operations, and a growing demand for specialized digital agriculture service providers who can offer cloud-based analytics services are major growth factors for the global agriculture analytics market.
Browse 64 market data Tables and 36 Figures spread through 161 Pages and in-depth TOC on “Agriculture Analytics Market- Global Forecast to 2023"
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North America to hold the largest market size during the forecast period
North America is estimated to account for the largest share of the market in 2018. The region comprises developed countries, such as the US and Canada, and is considered the most advanced region in terms of adopting digital technologies. A majority of farmers or growers in the region have deployed agriculture analytics solutions to optimize livestock, farms, orchid, forestry, and horticulture and aquaculture farming. North America has a wide presence of key industry players offering agriculture analytics solutions, and its farmers’ financial position enables it to invest majorly in the leading tools and technologies for effective business operations.
Market Players
Major vendors offering agriculture analytics solution and services across the globe include Deere & Company (US), IBM (US), SAP SE (Germany), Trimble (US), Monsanto Company (US), Oracle (US), Accenture (Ireland), Iteris (US), Taranis (Israel), Agribotix (US), Agrivi (UK), DTN (US), aWhere Inc. (US), Conservis Corporation (US), DeLaval (Sweden), Farmers Business Network (US), Farmers Edge (US), GEOSYS (US), Granular (US), Gro Intelligence (US), Proagrica (UK), PrecisionHawk (US), RESSON (Canada), Stesalit Systems (India), and AgVue Technologies (US).
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Deere & Company is leader offering agriculture analytics solution. The company’s solution, Precision Ag Technology, enable farmers and growers to control their input costs and yields better, improve soil conservation, and minimize the use of chemicals use by leveraging advanced communications, data collection, and global satellite positioning technologies. The company keenly focuses on developing cost-effective and easy-to-deploy innovative technology solutions, and adopts both organic and inorganic growth strategies.
SAP SE is another leader offering agriculture analytics solution and services. The company is recognized for its diversified product and service offerings. Its leading digital agriculture solutions help farmers and various agribusinesses improve all farm related activities involved from pre-production to post-production stage. Moreover, its connected agriculture solution uses smart machines, drones, and robots to collect real-time data and help farmers and growers to obtain a higher yield productivity of their crops by utilizing adequate insights this real-time data. The company has adopted various growth strategies to expand its market reach and enhance its offerings for providing customers with comprehensive solutions.
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