Published July 14, 2023
“Deere & Company(US), IBM(US), Bayer Ag (Germany), SAP(Germany), Trimble(US), Accenture(Ireland), ABACO(Italy), DeLaval(Sweden), Oracle(US), DTN(US), Farmers Edge(Canada), SAS Institute(US), Iteris(US), PrecisionHawk(US), Conservis(US), Stesalit Systems(India), Agribotix(US), Agrivi(UK), Granular(US), FBN(US), and AgShift(US).”
Agriculture Analytics Market by Offering (Solution and Services), Agriculture Type (Precision Farming, Livestock Farming, Vertical Farming), Technology (Remote Sensing, GIS, Robotics, Automation), Farm Size, End Users and Region – Global Forecast to 2028
The global Agriculture Analytics Market size is expected to grow from USD 1.4 billion in 2023 to USD 2.5 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 13.1% during the forecast period. The major driving factors in the agriculture analytics provides valuable insights and data-driven decision-making tools that help optimize farm operations, including crop management, irrigation, and livestock monitoring.
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The increasing demand for food security due to a growing global population is pushing farmers to optimize crop yields and resource management using data-driven insights. Technological advancements, including IoT and remote sensing, generate vast amounts of data that can be analyzed to improve farming practices will further drive the agriculture analytics market
The solution segment is expected to hold the highest market share
Agriculture analytics solutions utilize advanced technologies and data analysis techniques to optimize and improve agricultural operations. These solutions collect, process, and analyze vast amounts of data from multiple sources, including weather patterns, soil conditions, crop growth, and machinery performance. By leveraging this data, agriculture analytics solutions provide valuable insights and recommendations to farmers and agricultural stakeholders.
By technology,Remote sensing and satellite imagey to hold the highest market share
The use of remote sensing and satellite imagery has revolutionized agriculture analytics by providing valuable insights and information for optimizing farming practices. These technologies allow farmers and researchers to gather data on crop health, land use, and environmental conditions without extensive on-the-ground monitoring. Remote sensing and satellite imagery also enable monitoring of environmental factors affecting agriculture, such as temperature, precipitation, and sunlight availability
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The major agriculture analytics vendors include Deere & Company(US),IBM(US), Bayer Ag, (Grmany),SAP(Germany), Trimble(US), Accenture(Ireland), ABACO(Italy), DeLaval(Sweden),Oracle(US),DTN(US), Farmers Edge(Canada),SAS Institute(US), Iteris(US), PrecisionHawk(US), Conservis(US), Stesalit Systems(India), Agribotix(US), Agrivi(UK), Granular(US),FBN(US), Gro Intelligence(US), Resson(Canada), AgVue Technologies(US), Taranis(US), CropX(Israel), Trace Genomics(US), Fasal(India), AgEye Technologies(US), HelioPas AI(Germany),OneSoil(Switzerland),Root AIand AgShift(US).These players have adopted various growth strategies, such as partnerships, agreements, and collaborations, and new product launches, to further expand their presence in the global agriculture analytics market.
IBM is a multinational technology and consulting corporation that offers infrastructure, hosting, and consulting services. The company operates through five major business segments: software, consulting, infrastructure, financing, and others. IBM caters to various industries: aerospace & defense, education, healthcare, oil & gas, automotive, electronics, insurance, retail & consumer products, banking & finance, energy & utilities, life sciences, telecommunications, media & entertainment, chemicals, government, manufacturing, travel & transportation, construction, and metals & mining.The company offers the IBM Watson Assistant in the agriculture analytics market. It maintains strong partner relationships with leading IT providers, like AWS, Adobe, Cisco, KPMG, Kyndryl, Microsoft, Oracle, Salesforce, Samsung, SAP, ServiceNow, and Workday. The company is active in North America, Europe, the Asia Pacific, the Middle East, Africa, and Latin America.
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Deere & Company, commonly known as John Deere, is a global leader in the manufacturing and distribution of agricultural, construction, forestry, and turf care equipment. Founded in 1837 and headquartered in Moline, Illinois, Deere & Company has established itself as a prominent name in the agricultural industry. The company’s core business revolves around the production of a wide range of machinery, including tractors, harvesters, sprayers, planters, and precision farming technology. Deere & Company’s success can be attributed to its customer-centric approach, strong dealer network, and focus on delivering reliable and high-quality equipment. With a rich heritage and a forward-looking mindset, the company continues to play a vital role in the agricultural industry by providing innovative solutions that address the evolving needs of farmers worldwide.The company has a occurrence in approximately 44 countries worldwide, including Canada, Mexico, the US, and Argentina.
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
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Address:630 Dundee Road Suite 430
State: IL 60062
Country: United States