According to market research report on "Agriculture
Analytics Market by Application Area (Farm Analytics, Livestock
Analytics, and Aquaculture Analytics), Component (Solution and Services), Farm
Size (Small, Medium-Sized, and Large), Deployment Type, and Region - Global
Forecast to 2025", published by
MarketsandMarkets™, the global Agriculture Analytics Market
size is expected to grow from USD 0.8 billion in 2020 to USD 1.4 billion by
2025, at a Compound Annual Growth Rate (CAGR) of 12.2% during the forecast
period..
Browse and in-depth TOC on
“Agriculture Analytics Market”
211 –
Tables
52 - Figures
249 - Pages
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The growing trend of digitization and risk assessment and
rising demand to improve agricultural supply chain management due to the
COVID-19 pandemic driving the adoption of the Agriculture
Analytics Market.
Increasing use of data by farmers to know more about their
farms, and crops driving the adoption of managed services segment of
agriculture analytics platforms during the forecast period
The growing need to outsource field related operation owing to a
shortage of labor is expected to drive the growth of the managed services in
the Agriculture Analytics Market. Managed service providers use their powerful
analytical tools to collect, process, and analyze data to provide valuable
insights to farmers. By these actionable insights, farmers can forecast their
crop production, improve crop cultivation, and make better decisions.
Rising need to secure data by large farms to drive the demand
for on-premises to hold a larger market size
Data security concerns among the end-users is contributing to
the higher adoption of on-premises agriculture analytics solution globally. The
on-premised agricultural analytics solution is majorly deployed by the large
farms as it has better ability to invest. Moreover, large farms have wide
variety of business segment with serving to broader geographical reason; hence
data security is of utmost importance.
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North America to dominate the market during the forecast period
North America is estimated to account for the largest share of
the market in 2018. The region comprises developed countries, such as the US
and Canada, and is considered the most advanced region in terms of adopting
digital technologies. The majority of farmers or growers in the region have
deployed agriculture analytics solutions to optimize livestock, farms, orchid,
forestry, horticulture and aquaculture farming. Moreover, the North
American region exhibits a wide presence of key industry players offering
agriculture analytics solutions and its financial position enables it to invest
majorly in the leading tools and technologies for effective business
operations.
The major vendors covered in the Agriculture Analytics
Market include Deere & Company (US), IBM (US), SAP SE (Germany),
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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