Agriculture Analytics Market, MRFR Growth Trending Report Margins, Top Key Players at a CAGR of according to Emerge Research Report Forecast By 2027
Market Scenario:
Agriculture
Analytics uses technologies like big data, artificial intelligence, cloud
computing, and others. It manages and carries out many farming activities such
as crops, livestock, crops, and many others. The increasing food need globally
is the growth factor for the Agriculture
Analytics Market. The technique enhances the fast delivery
of goods and also production. It improves the supply chains. Several technologies
like GPS and remote sensing are used in agricultural analytics. It helps
farmers address various challenges which are involved in monitoring the crops.
The analytics provides real-time data about the water content in the soil and
temperature by using the sensor in the field. While the farmers harvest crops,
the sensor assists them in making better decisions. It could lead to good crop
growth. The rising government initiatives to educate the farmers about the
newer technologies to improve the yield. It also increases the food demand
worldwide.
The
Agriculture Analytics Market is expected to gain USD 0.7 billion and a CAGR of
11.71% in the forecast period of 2019 to 2026. The enhanced IoT devices which
collect data from connected farm equipment like drones and smart tractors will
boost the market in the forecast period. Due to the virus's spread, the
essential services were also halted; hence, the market was negatively impacted.
The lockdown leads to disruption of the supply chain and subsequent economic
activities. The owing awareness among the people during the lockdown period
will result in more usage of agriculture analytics. The increased investment in
automation and improving the advanced technology will drive the market.
However, the deficiency of standardizations for managing data and data
aggregation in the agriculture sector is a restraining factor for the market.
The high capital investment is hindering the market and decreasing its growth
rate.
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Competitive
Outlook:
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).
Segmentation:
Based
on the Component, the market is divided into Solutions and Services. By Farm
Size, the Agriculture Analytics Market is fragmented into Large Farms and Small
and Medium-Sized farms. The Deployment Modes are categorized into Cloud and
On-Premises. The segments are Application segment, Farm Analytics, Livestock
Analytics, and Aquaculture Analytics. It is segregated into Orchid, Forestry,
and Horticulture based on the Others.
Regional
Analysis:
The
market is divided into North America, Asia Pacific, Europe, South America and
the middle east and Africa. North America is expected to register high growth
from 2020 to 2026owing to the leading automation industry and adoption of
analytics solutions in the region. The rising investment in automation and
advanced technology will propel the market in the forecast period. The presence
of numerous agricultural analytics solution providers is another reason for the
market growth. The Asia Pacific is anticipated to hold the second position as
the region consists of several emerging economies like China; Singapore will
register a high growth rate. The growing adoption of analytics technologies in
agriculture is the major factor. Other regions of the Agriculture Analytics
Market will also have an accelerating effect.
Industry news
Agtech's
use of IoT, AI, and data analytics assists farmers in measuring key variables
that aid in crop planning and increase food security.
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Table of Contents:
1 Executive
Summary
2 Scope of the
Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
Continued…
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