Report

Agriculture Analytics Market Size, Share & Trends Analysis - Global Opportunity Analysis And Industry Forecast 2030

  • Publish Date: May,2022
  • Report ID: QI039
  • Page : 200
  • Report Type : PDF (Email)
The global agriculture analytics market size was US$ 0.9 billion in 2021. The global agriculture analytics market is forecast to grow to US$ 1.8 billion by 2030 by registering a compound annual growth rate (CAGR) of 14.1% during the forecast period from 2022 to 2030.

Factors Influencing the Market
Urban farming is gaining significant traction due to the unavailability of efficient lands for farming practices. Thus, it is the primary factor driving the growth of the global agriculture analytics market. Further,
Growing climate changes will negatively affect agricultural production. Thus, it will surge the demand for urban agriculture. In addition to that, the rising global population will also contribute to the growth of the market. For instance, according to the United Nations forecasts, the world's population count is expected to grow to nearly 9.7 billion by 2050. Thus, it will offer potential opportunities for the global agriculture analytics market.
The rising involvement of Big Data in farming to gain insights for better crop yield results will boost the growth of the agriculture analytics market. For example, AgroTools, a Brazilian company, is using the Google Cloud platform for analyzing massive databases of satellite images. Prominent technology providers like IBM are also boosting the growth of the agriculture analytics market. In addition to that, SmartRural, a European start-up, unveiled its location intelligence platform using IBM Cloud. More advancements in the industry will be opportunistic for the global agricultural analytics market throughout the forecast period.

COVID-19 Impact Analysis
The COVID-19 crisis has affected the entire agricultural industry, disrupting the overall workflow. Food safety recalls, customer demand, and sustainability efforts have all increased scrutiny in agricultural production. According to the Global Food Traceability Center (GFTC), the need for agricultural product traceability has steadily increased as a result of the pandemic. This will aid in the deployment of advanced data-driven tools like artificial intelligence, machine learning, and other advanced data analytics tools to assist stakeholders throughout the supply chain.
Market participants are also assisting crop growers by providing smart tools to offset COVID19 related losses. For example, Locus Agricultural Solutions announced in April 2020 that it would donate its climate-smart technology to crop growers in order to promote regenerative agriculture practices. Thus, such investments have been beneficial for the global agricultural analytics market.

Regional Analysis
North America is forecast to dominate the global agricultural analytics market in terms of revenue. It is owing to the presence of prominent countries like the United States and Canada. Furthermore, the presence of large farmhouses requiring the best agricultural equipment will benefit the agricultural analytics market. In addition, increasing advancements in digital agriculture practices will escalate the industry's growth. Apart from that, cloud-based alternatives among farmers in the area will prompt the growth of the global agricultural analytics market during the study period.

Competitors in the Market
Deere & Company
Taranis
AgEagle
Teejet Technologies
The Climate Corporation
Trimble
AGCO Corporation
AgJunction
Raven Industries
AG Leader
Topcon Positioning Systems
Descartes Labs
ec2ce
Prospera Technologies
Autonomous Tractor Corporation
Other Prominent Players

Market Segmentation
The global agricultural analytics market segmentation focuses on Components, Application Areas, Farm Size, Deployment Mode, and Region.
On the basis of component
Solution
Services
On the basis of application areas
Farm analytics
Livestock analytics
Aquaculture analytics
Others (Orchid, Forestry, and Horticulture)
On the basis of farm size
Large Farms
Small and Medium-Sized Farms
On the basis of deployment modes
Cloud
On-premises
On the basis of region
? North America
o The U.S.
o Canada
o Mexico
? Europe
? Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
? Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
? Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
? Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
? South America
o Brazil
o Argentina
o Rest of South America