Agriculture Analytics Market 2020 to 2027 – Market Share, Growth, Industry Segments, Competitor Landscape, Key Players, Trends and Forecasts
Agriculture Analytics Market Overview:
Global Agriculture Analytics Market is projected to reach USD 1.5
Billion by 2027, 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
Agriculture Analytics Market has been
segmented based on Component, Farm Size, Deployment, Application, and Region.
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)
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Segments:
·
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.
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.
Table of Contents
1. Executive Summary
1.1. Market Attractiveness Analysis
1.1.1. Global Agriculture Analytics Market, By Component
1.1.2. Global Agriculture Analytics Market, By Application
1.1.3. Global Agriculture Analytics Market, By Farm Size
1.1.4. Global Agriculture Analytics Market, By Deployment Mode
1.1.5. Global Agriculture Analytics Market, By Region
2. Market Introduction
2.1. Definition
2.2. Scope of The Study
2.3. Market Structure
Continued….
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