The Agriculture Analytics Market size was USD 1.36 Billion in 2023 and is expected to Reach USD 3.72 Billion by 2031 and grow at a CAGR of 13.4% over the forecast period of 2024-2031.
The agriculture analytics market is experiencing a significant surge driven by the growing need for sustainable farming practices and the adoption of advanced technologies in agriculture. With the global population projected to reach 9 billion by 2050, there's immense pressure on the agricultural sector to enhance productivity while minimizing environmental impact. Agriculture analytics solutions offer a promising avenue to achieve these goals by leveraging data-driven insights to optimize crop yields, manage resources efficiently, and mitigate risks.
One of the key drivers propelling the agriculture analytics market is the increasing availability of big data generated by sensors, drones, satellites, and other IoT devices deployed across farms. These data sources provide a wealth of information on soil health, weather patterns, crop conditions, and more, enabling farmers to make informed decisions in real time. By harnessing advanced analytics techniques such as machine learning and predictive modeling, agricultural stakeholders can derive actionable insights from this data to optimize planting schedules, detect diseases early, and optimize irrigation and fertilization practices.
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Covid 19 impact analysis:
The report gathers viable information on the most established industry players, sales and distribution channels, regional spectrum, estimated market share and size, and revenue estimations over the forecast timeframe. The study is inclusive of a profound analysis of this business sphere focuses on the overall remuneration of the market over the projected period. The study also includes significant information pertinent to the Agriculture Analytics industry, particularly the current COVID-19 scenario. Exhaustive coverage of the COVID-19 impact on the Agriculture Analytics industry is a major attraction of the report. The global health emergency has beleaguered the global economy, thereby disrupting this particular business domain’s functioning mechanism. It assesses the present market scenario and forecasts the pandemic’s aftermath in this business sector to help organizations boost their COVID-19 preparedness.
Major companies profiled in the market report include
Climate Corporation, Trimble Inc., Deere & Company, IBM Corporation, AGCO Corporation, SST Software, Iteris Inc, Taranis, Agribotix LLC, Precision Hawk and other players
Research objectives:
The market intelligence report takes a closer view of the global market share, estimated growth rate, future market trends, entry-level barriers, fundamental market drivers, restraints, challenges, and opportunities. The report clearly defines the Agriculture Analytics market position on a global level. The detailed insights into the market’s geographical spectrum offered by the report make it an excellent source of knowledge about the Agriculture Analytics industry.
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It has segmented the global Agriculture Analytics market
By Agriculture Type
- Precision Farming
- Vertical Farming
- Livestock Farming
By Component
- Solution
- Services
By Deployment
- On-Premise
- Cloud
By Technology
- Remote Sensing
- Robotics
- GIS
- Automation
Key Objectives of the Global Agriculture Analytics Market Report:
- The global Agriculture Analyticsmarket report offers viable insights into the competitive spectrum of the Agriculture Analytics business sphere.
- The report systematically profiles the company information of each market player.
- It identifies the estimated industry share, production facilities, development prospects, and geographies served by each market player.
- The study showcases the extensive product portfolios of the prominent market contenders.
- It offers critical data & information about the product application scope and the end-user landscape.
- The study provides salient information about the pricing models of the products offered by these companies. Moreover, it determines the gross profits and losses experienced by them throughout their market tenures
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