Agriculture analytics is used to improve farming processes and make informed decisions by utilizing supplementary technology such as satellites, drones, and others. SAS agriculture analytics with AI enables the extraction of useful data that, among other things, can lead to improved plant and animal health, crop yields, and sustainable practices. It also manages data from plant, soil, and animal health product research. It could also be used to improve precision agriculture efficiency. The Agriculture Analytics Market report provides segment analysis based on type, farm size, application, and region.
Agriculture Analytics Market Report Scope and Research Methodology:
The report clearly depicts a Agriculture Analytics Market structure, including current market trends and forecasts to identify potential investment areas. It includes a variety of market-influencing factors such as historical data, recent technological advancements, the competitive landscape, and government policy. The Agriculture Analytics Market report informs clients about major drivers, restraints, challenges, and opportunities. The market has been divided into three major segments for ease of understanding, and these major segments of the Agriculture Analytics Market have been further divided into various sub-segments. The report also includes a segment-by-segment analysis of the factors influencing market growth, as well as a competitive analysis of major market players based on their expansion plans, product, investments, pricing, and presence in the Agriculture Analytics industry.
The data collected for the Agriculture Analytics Market report using these methods was combined to draw accurate and error-free inferences. Interviews with subject-matter experts, Agriculture Analytics industry participants, high-level executives of key market players, industry consultants, and other experts were conducted as part of the primary research. The PESTLE analysis in the market report aids in the development of company strategies. The Agriculture Analytics Market’s strengths and weaknesses were determined using a SWOT analysis.
Agriculture Analytics Market Overview:
The research looks at market growth drivers and challenges, as well as company plans, procedures, and a detailed financial strategy. Customer expectations are met through customization and extensive information about Agriculture Analytics industry potential. The Agriculture Analytics Market research investigates the industry’s competitive landscape and key players. Given current industrial conditions, this Agriculture Analytics market study aids in structure planning.
Agriculture Analytics Market size was valued at US$ 1.02 Bn in 2020. The Global Agriculture Analytics Market is estimated to grow at a CAGR of 12.3% over the forecast period.
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Agriculture Analytics Market Dynamics:
Robots, temperature and moisture sensors, aerial photography, and GPS technology will all be used in agriculture analytics in the future. As a result of this modern equipment, precision agriculture, and robotic systems, farms will be more profitable, efficient, safe, and environmentally friendly. Renewable energy, zero tillage, biotechnology, organic farming, vertical farming, irrigation, drones, fleet management, and digital sensors are just a few of the top green technologies and methods that are helping to make farming more environmentally sustainable, and are generally promoted by the government.
Agriculture Analytics Market Segmentation:
The market is divided into four applications: farming, livestock, aquaculture, and others. In 2020, the Farming segment held a 38.8% share of the market. Farming is included in agriculture. They have a lot in common as well as a lot of differences. Agriculture includes a wide range of activities such as production, research and development, and farming. Farming, on the other hand, is the activity or business of raising crops and cattle, and it is widely used to boost this segment of the agriculture analytics market.
The Livestock segment, on the other hand, is expected to grow at a CAGR of 6.6% during the forecast period. Cattle, sheep, horses, goats, and other domestic animals raised or used on the farm are examples of livestock.
The Agriculture Analytics Market is divided into two segments based on farm size: small and medium farms and large farms. The revenue growth rate of the Large farm sector is expected to be the fastest during the forecast period. Because large farms have better economic conditions than small and medium farms, farmers can use agriculture analytics to increase production and improve overall farm efficiency. Agriculture analytics solutions will be in high demand among large farms as the need to meet rising food demand and weather extremes grows. Large farms are increasingly relying on big data IoT devices to monitor operations and collect data on tractor availability, among other things.
The market is divided into two types: Farm Analytics and Livestock Analytics. In 2020, the Farm Analytics segment held a 68% share of the agriculture analytics market. Agriculture researchers are using artificial intelligence and data science to perform on-farm predictive analytics before providing the insights that matter in the farming world. The growing subscription-based business model aims to lower farmers’ costs while also providing real-time crop alerts. Furthermore, prediction models and daily work optimization will give them complete control over their harvest in the future, which will be a major driver of this segment’s growth.
Agriculture Analytics Market Key Players:
Deere & Company (US)
IBM (US)
SAP SE (Germany)
Monsanto (US)
Oracle (US)
Accenture (Ireland)
Iteris (US)
Taranis (Israel)
Agribotix (US)
Agrivi (UK)
DTN (US)
Conservis Corporation (US)
DeLaval (Sweden)
FBN (US)
Farmers Edge (US)
GEOSYS (US)
Granular (US)
Gro Intelligence (US)
Proagrica (UK)
Agriculture Analytics Market Regional Insights
The Agriculture Analytics market is divided into five regions: Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America. The report forecasts revenue growth in USD terms at the regional and country levels from 2021 to 2029. The report includes a regional analysis with the Agriculture Analytics market size of each region. The countries section of the study looks at a number of market elements that are expected to influence current and future Agriculture Analytics market trends, as well as changes in market rules at the country level. Consumption, production location and amount, import/export analysis, pricing analysis, raw material prices, and upstream and downstream value chain analysis are some of the primary components used to forecast each country’s Agriculture Analytics market situation.
Key Questions answered in the Agriculture Analytics Market Report are:
- What are the Agriculture Analytics market segments?
- Which segment in the Agriculture Analytics market is expected to grow rapidly during the forecast period?
- Which are the prominent players in the Agriculture Analytics market?
- What key trends are expected to emerge in the Agriculture Analytics market during the forecast period?
- What was the Agriculture Analytics market size in 2021?
- Which region dominated the Agriculture Analytics market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2027.
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segments with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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About Stellar Market Research
Established in 2018, Stellar Market Research is an India-based consulting and advisory firm focused on helping clients reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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