Agriculture Analytics Market Insights, Growth Outlook, Segmentation and Investment | Forecast to 2027
SUMMERY:
Market Research Future published a research report on “Agriculture
Analytics Market Research Report- Global Forecast 2027” – Market Analysis,
Scope, Stake, Progress, Trends and Forecast to 2027.
Market
Highlights:
Global Agriculture
Analytics Market is projected to reach USD 1.5 Billion by 2026, registering a
CAGR of 11.71% during the forecast period. In this report, Market Research
Future (MRFR) includes the segmentation and dynamics of the agriculture
analytics market to offer a better glimpse into the coming years
Global Agriculture
Analytics Market has been segmented based on Component, Farm Size,
Deployment, Application, and Region.
Based on component,
the global agriculture analytics market has been segmented into solution and
services. The solution segment is expected to account for a significant market
share over the projected period. The increasing need for agribusiness to
analyze critical farm-related data for better decision-making contributes to
the growth of the solution segment in the global market during the forecast
period.
Based on farm size,
the global agriculture analytics market has been segmented into large farms and
small and medium-sized farms. The large farms segment accounted for the larger
market share and is expected to hold the higher CAGR during the forecast
period. The adoption of agriculture analytics solutions in large farms is
higher than in small and medium-sized farms due to the affordability.
Additionally, large farms usually have the capital to invest in innovative
technologies that allow them to improve a well-equipped next-generation
agricultural infrastructure.
Based on
deployment, the global agriculture analytics market has been segmented into
cloud and on-premises. The cloud-based segment is projected to witness the
higher CAGR during the study period. Cloud-based software solutions do not
require users to purchase a server to run the analytics techniques. Cloud
computing focuses on shared networks, servers, and storage devices, eliminating
the high costs incurred in maintaining hardware and software infrastructure.
Based on
application, the agriculture analytics market has been segmented into farm
analytics, livestock analytics, aquaculture analytics, and others. The others
segment is further sub-divided into orchid, forestry, and horticulture. The
livestock analytics segment is expected to hold the largest share during the
forecast period. Agriculture analytics solutions aid livestock producers in making
better decisions by acquiring real-time information about animals and improving
various livestock management processes.
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Competitive
Analysis
The Key Players of
the Global Agriculture Analytics Market are Deere & Company (US), IBM (US),
SAP SE (Germany), Trimble (US), Monsanto (US), Oracle (US), Accenture
(Ireland), Iteris (US), Taranis (Israel), Agribotix (US), Agrivi (UK), DTN
(US), aWhere (US), Conservis Corporation (US), DeLaval (Sweden), FBN (US),
Farmers Edge (US), GEOSYS (US), Granular (US), Gro Intelligence (US), Proagrica
(UK), PrecisionHawk (US), RESSON (Canada), Stesalit Systems (India), AgVue
Technologies (US), Fasal (India), AGEYE Technologies (US), HelioPas AI
(Baden-Württemberg), OneSoil (Belarus), and Root AI (US)
Regional
Analysis
The regional
analysis for the global agriculture analytics market has been done for North
America, Europe, Asia-Pacific, and the Middle East & Africa, and South
America. The market in North America accounted for the largest market share in
2019, and it is expected to register strong growth during the forecast period.
The market in Asia-Pacific is expected to register the highest CAGR during the
forecast period. This growth can be attributed to the growing adoption of
agriculture analytics technology among the various verticals.
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