September 27, 2023


Published July 17, 2023

Report Ocean released a thorough intelligence report named “Agriculture Analytics Market“ Report, Size, Share, Competitive Landscape, Technology, Latest Updates, and Forecasts to 2030. This research offers a thorough examination at the micro-level, concentrating on insurers, significant market sectors, products, and distribution methods within the industry.

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The global agriculture analytics market size was US$ 0.9 billion in 2021. The global agriculture analytics market is forecast to grow to US$ 1.8 billion by 2030 by registering a compound annual growth rate (CAGR) of 14.1% during the forecast period from 2022 to 2030.

Factors Influencing the Market
Urban farming is gaining significant traction due to the unavailability of efficient lands for farming practices. Thus, it is the primary factor driving the growth of the global agriculture analytics market. Further,

Growing climate changes will negatively affect agricultural production. Thus, it will surge the demand for urban agriculture. In addition to that, the rising global population will also contribute to the growth of the market. For instance, according to the United Nations forecasts, the world’s population count is expected to grow to nearly 9.7 billion by 2050. Thus, it will offer potential opportunities for the global agriculture analytics market.

The rising involvement of Big Data in farming to gain insights for better crop yield results will boost the growth of the agriculture analytics market. For example, AgroTools, a Brazilian company, is using the Google Cloud platform for analyzing massive databases of satellite images. Prominent technology providers like IBM are also boosting the growth of the agriculture analytics market. In addition to that, SmartRural, a European start-up, unveiled its location intelligence platform using IBM Cloud. More advancements in the industry will be opportunistic for the global agricultural analytics market throughout the forecast period.

COVID-19 Impact Analysis
The COVID-19 crisis has affected the entire agricultural industry, disrupting the overall workflow. Food safety recalls, customer demand, and sustainability efforts have all increased scrutiny in agricultural production. According to the Global Food Traceability Center (GFTC), the need for agricultural product traceability has steadily increased as a result of the pandemic. This will aid in the deployment of advanced data-driven tools like artificial intelligence, machine learning, and other advanced data analytics tools to assist stakeholders throughout the supply chain.

Market participants are also assisting crop growers by providing smart tools to offset COVID19 related losses. For example, Locus Agricultural Solutions announced in April 2020 that it would donate its climate-smart technology to crop growers in order to promote regenerative agriculture practices. Thus, such investments have been beneficial for the global agricultural analytics market.

Regional Analysis
North America is forecast to dominate the global agricultural analytics market in terms of revenue. It is owing to the presence of prominent countries like the United States and Canada. Furthermore, the presence of large farmhouses requiring the best agricultural equipment will benefit the agricultural analytics market. In addition, increasing advancements in digital agriculture practices will escalate the industry’s growth. Apart from that, cloud-based alternatives among farmers in the area will prompt the growth of the global agricultural analytics market during the study period.

Competitors in the Market
• Deere & Company
• Taranis
• AgEagle
• Teejet Technologies
• The Climate Corporation
• Trimble
• AGCO Corporation
• AgJunction
• Raven Industries
• AG Leader
• Topcon Positioning Systems
• Descartes Labs
• ec2ce
• Prospera Technologies
• Autonomous Tractor Corporation
• Other Prominent Players

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Market Segmentation

The global agricultural analytics market segmentation focuses on Components, Application Areas, Farm Size, Deployment Mode, and Region.

On the basis of component
• Solution
• Services

On the basis of application areas
• Farm analytics
• Livestock analytics
• Aquaculture analytics
• Others (Orchid, Forestry, and Horticulture)

On the basis of farm size
• Large Farms
• Small and Medium-Sized Farms
• On the basis of deployment modes
• Cloud
• On-premises

By Region
North America
o The U.S.
o Canada
o Mexico
Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o Rest of Asia Pacific
Middle East & Africa (MEA)
o Saudi Arabia
o South Africa
o Rest of MEA
South America
o Brazil
o Argentina
o Rest of South America

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Furthermore, years considered for the study are as follows:

Historical year – 2017, 2020
Base year – 2021
Forecast period –2022 to 2030.

Target Audience of the Market in This Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Table of Content:

  • Report Overview
  • Global Growth Trends
  • Competition Landscape by Key Players
  • Data Segments
  • North America Market Analysis
  • Europe Market Analysis
  • Asia-Pacific Market Analysis
  • Latin America Market Analysis
  • Middle East & Africa Market Analysis
  • Key Players Profiles Market Analysis
  • Analysts Viewpoints/Conclusions
  • Appendix

Key Reasons to Purchase this Report:

Strategic Direction: This research report provides insightful analysis and strategic advice for senior executives, decision-makers, professionals, sales managers, and other market stakeholders working in this space. It aids in decision-making and offers strategic recommendations for product advancements.

Comprehensive Analysis: Both economic and non-economic aspects are taken into account in the report’s thorough qualitative and quantitative analysis of the market. For a complete knowledge of market dynamics, it contains a segment breakdown with market evaluations expressed in terms of value (USD Billion) for each segment.

Growth Opportunities: The research highlights the geographies and market categories predicted to expand at the highest rates, potentially positioning them to dominate their respective markets. It offers a thorough examination of consumption trends in various geographic areas and highlights the variables affecting regional market trends.

Competitive Landscape: The competitive landscape section lists the top market rivals and discusses current business expansions, collaborations, product launches, and acquisitions. This data makes it easier to evaluate significant players’ market positions.

Detailed Company Profiles: These include their company description, insights, product benchmarking, and SWOT analysis, providing a thorough picture of the major market participants. Stakeholders are able to assess the advantages and disadvantages of the leading market players due to these profiles.

Future Market Outlook: The study presents recent trends, growth prospects, drivers, challenges, and restraints in both emerging and developed regions. It also includes current and future market outlooks. It gives stakeholders knowledge of potential industry trends and aids in their prediction of upcoming market dynamics.

Industry Analysis: Using Porter’s Five Forces Analysis, the research provides a comprehensive analysis of the industry, looking at factors such as the bargaining power of customers and suppliers, rivalry among businesses, the threat of alternative products, and the threat of new entrants. This research helps to comprehend how fiercely the market is competitive.

Value Chain Insights: Through a thorough examination of the value chain, the research offers insightful information about the market. This aids stakeholders in comprehending the main processes and actors involved in the creation and supply of the good or service.

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