Vancouver, Oct. 23, 2023 (GLOBE NEWSWIRE) -- The global agriculture analytics market size is expected to reach USD 3,212.50 Million in 2032 and register a steady CAGR over the forecast period, according to latest analysis by Emergen Research. Robust market revenue growth can be attributed to increasing government initiatives regarding deployment of advanced technologies and enhanced agricultural techniques in the agriculture sector to maximize crop production. Rising need to enhance agricultural supply chain management is expected to increase utilization of data analytics. Data analytics is expected to help distributors identify inefficiencies in their supply chains, which will make delivery of agricultural products faster and more cost-effective. The minimization of waste and excess inventory with the help of sales and inventory data is expected to drive deployment of data analytics in the agriculture sector. Data analytics also has the potential to minimize crop diseases and pest infestations by tracking signs of plant diseases, which is boosting its demand in the agriculture sector.
The prediction capabilities of big data helps famers in responding to changes in weather patterns as it provides accurate weather forecasts to farmers. Increasing investments by major players for development of more advanced weather advisory apps is expected to drive revenue growth of the agriculture analytics market during the forecast period.
Click the link to get a Free Sample Copy of the Report: https://www.emergenresearch.com/request-sample/696
Scope of Research
| Report Details | Outcome |
| Market size in 2020 | USD 827.5 Million |
| CAGR (2023–2032) | 12.0% |
| Revenue forecast in 2032 | USD 3,212.50 Million |
| Base year for estimation | 2020 |
| Historical data | 2018–2019 |
| Forecast period | 2023–2032 |
| Quantitative units | Revenue in Million, revenue share (%) and CAGR (%) |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments covered | Component, Farm size, Deployment modes, application, and region |
| Regional scope | North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
| Country scope | U.S., Canada, Mexico, Germany, France, U.K., BENELUX, Italy, Spain, Rest of Europe, China, Japan, South Korea, India, Rest of APAC, Brazil, Rest of LATAM, Saudi Arabia, UAE, Israel, South Africa, Rest of MEA |
| Key companies profiled | Deere & Company, IBM, Bayer AG, SAP SE, Trimble, Accenture, DeLaval, Iteris, Inc., Oracle, and AGRIVI |
| Customization scope | 10 hours of free customization and expert consultation |
Emergen Research is Offering Limited Time Discount (Grab a Copy at Discounted Price Now) @ https://www.emergenresearch.com/request-discount/696
MAJOR COMPANIES and Competitive Landscape
The global agriculture analytics market is consolidated with a limited number of players accounting for majority market revenue. Companies are focusing on strategic expansions into untapped markets and on research and development initiatives to develop new and enhanced agriculture analytics solution in order to secure and maintain a robust position in the rapidly growing market. Some prominent players operating in the agriculture analytics market are:
- Deere & Company
- IBM
- Bayer AG
- SAP SE
- Trimble
- Accenture
- DeLaval
- Iteris, Inc.
- Oracle
- AGRIVI
Strategic development
In December 2020, Agriculture giant Deere & Co. announced plans to introduce a system that combines machine learning and machine vision to enhance the identification of individual weeds and plants. Neural network models are expected to be trained to only spray weeds in crop fields, and would kill everything except genetically modified plants designed to survive chemical applications.
Direct Order Can Be Placed Through This Link [Exclusive Copy] @ https://www.emergenresearch.com/select-license/696
Some Key Highlights From the Report
- In November 2019, SenseFly entered partnership with Trimble and Microsoft. The partnership was to demonstrate the capability of SenseFly’s drones for precision agriculture. It would also help in the distribution of SenseFly’s drones through the Trimble Agriculture Network, giving agriculture professionals access to the SenseFly suite of products.
- Solution segment accounted for largest revenue share in 2020. Rising need to maximize crop production in lesser time is expected to drive revenue growth of the agriculture analytics solution segment during the forecast period.
- Large farms segment revenue is expected to expand at a rapid CAGR during the forecast period. Rising need to meet growing global food demand and to overcome severe weather conditions are factors expected to drive demand for agriculture analytic solutions among large farms.
- On-premises segment accounted for a significantly large revenue share in the agriculture analytics market in 2020. Large farms are increasingly deploying on-premises agriculture analytics solution due to improved economic conditions in comparison to that of small and medium farms.
- Farm analytics segment accounted for a relatively larger revenue share in the global agriculture analytics market in 2020. Farm analytics is increasingly being adopted to reduce crop diseases and pest infestations by tracking signs of plant diseases, which is boosting revenue growth of this segment.
- North America accounted for largest revenue share contribution to the global agriculture analytics market in 2020. Presence of major players in the region such as Deere & Company, IBM, Trimble, Iteris, and Oracle is expected to boost growth of the agriculture analytics market in the region.
Browse Full Report Description + Research Methodology + Table of Content + Infographics@ https://www.emergenresearch.com/industry-report/agriculture-analytics-market
Emergen Research has segmented the global agriculture analytics market on the basis of component, farm size, deployment modes, application, and region:
- Component Outlook (Revenue, USD Million; 2019–2032)
- Services
- Solution
- Farm size Outlook (Revenue, USD Million; 2019–2032)
- Small and Medium Farms
- Large Farms
- Deployment modes Outlook (Revenue, USD Million; 2019–2032)
- On-premises
- Cloud
- Application Outlook (Revenue, USD Million; 2019–2032)
- Livestock Analytics
- Farm Analytics
- Aquaculture Analytics
- Others
- Regional Outlook (Revenue, USD Million; 2019–2032)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- BENELUX
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- India
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- Israel
- South Africa
- Rest of MEA
- North America
Curated Reports You Shouldn't Miss: Dive In Now!
Virtual Power Plant Market By End-use (Residential, Industrial and Commercial), By Technology (Distributed Generation, Demand Response, Mixed Asset), and By Region, Forecast to 2028
Internet of Things Connectivity Market, By Component (Hardware, Software, Services), By Application (Building & Home Automation, Smart Energy & Utility), By Deployment Type (On-Premises, Cloud), By End-use, and By Region Forecast to 2030
Life and Pensions Business Processing Outsourcing (BPO) Market By Type, By Services, By Organization Size, By Buyer Type, and By Region Forecast to 2028
Centralized Workstations Market By Component (Hardware, Software, Service), By Type (1-to-1, 1-to-Many), By Organization Size (Large Enterprises, Small and Medium Enterprises (SMEs)), By Operating System (Unix, Linux, Windows, Others), By End-Use, and By Region Forecast to 2028
Master Data Management Market, By Component (Services, Solution, Consulting, Others), By Deployment (On-premises, Cloud, Others), By Organization Size, By Verticals (Government, BFSI, IT & Telecom, Manufacturing, Education & Training Others), and By Region Forecast to 2030
Security Information and Event Management Market, By Component (Solution, Services), By Deployment Type (Cloud Based, On-Premises), By Organization Size (Small and Medium-sized Enterprises), By End-Use, and By Region Forecast to 2030
Cloud Native Storage Market By Component (Solutions, Services), By Deployment Type (Public Cloud, Private Cloud), By Vertical (BFSI, Telecommunications, Retail & Consumer Goods, IT & ITES, Healthcare & Life Sciences), By Region Forecast to 2030
About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy.
Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research | Web: https://www.emergenresearch.com/
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com
Explore Our Japanese Version: Agriculture Analytics Market
Explore Our Blogs and Insights Section: https://www.emergenresearch.com/insights
Read our Press Release @ https://www.emergenresearch.com/press-release/global-agriculture-analytics-market
