Agriculture Analytics Market Outlook: 5 Critical Approaches to Gain Competitive Edge (2023–2033)
Agriculture Analytics Market Outlook: 5 Critical Approaches to Gain Competitive Edge (2023–2033)
According to a research report published by Spherical Insights & Consulting, The Global Agriculture Analytics Market Size is Expected to Grow from USD 1.3 Billion in 2023 to USD 4.38 Billion by 2033, at a CAGR of 12.92% during the forecast period 2023-2033.
Get a Sample PDF Brochure: https://www.sphericalinsights.com/request-sample/5215
The act of gathering, evaluating, and interpreting data to increase agricultural productivity and streamline procedures is known as agriculture analytics. It can assist farmers in making data-driven choices on a range of farm-related issues. The growing demand for food around the world is driving the farming industries to adopt more sophisticated solutions. The population’s rapid growth will more than quadruple the need for food in the future. Furthermore, analytics technology assists farmers in increasing their overall production and efficiency by facilitating more relevant and informed decision-making. Therefore, increasing investment in the agriculture industry and farmland owners’ use of cutting-edge technology to increase harvest are expected to be major factors driving global market expansion. However, the lack of awareness among farmers regarding the advantages and applications of agricultural analytics is one of the primary obstacles to growth.
Browse key industry insights spread across 230 pages with 110 Market data tables and figures & charts from the report on the Global Agriculture Analytics Market Size, Share, and COVID-19 Impact Analysis, By Offerings (Solutions and Services), By Agriculture Type (Precision Farming, Livestock Farming, and Vertical Farming), By Deployment Mode (Cloud and On-Premises), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033
The service segment is anticipated to hold the biggest market share through the forecast period.
Based on the offerings, the global agriculture analytics market is divided into solutions and services. Among these, the service segment is anticipated to hold the biggest market share through the forecast period. The main cause of the rise is end users’ ignorance and lack of understanding regarding the use of advanced farm analytical equipment. The market’s service sector is expected to expand as a result of this inexperience. Analytical solution providers play a critical role in supporting the expansion of this industry by offering essential services such as system integration and implementation, training, and advice.
The livestock farming segment is expected to grow at the fastest CAGR growth through the forecast period.
Based on the agriculture type, the global agriculture analytics market is divided into precision farming, livestock farming, and vertical farming. Among these, the livestock farming segment is expected to grow at the fastest CAGR growth through the forecast period. To enhance livestock management practices and increase the quality and productivity of output, real-time data on animal health, feeding habits, hygienic practices, and location monitoring, among other topics, can be gathered by using agriculture analytics services and solutions for livestock farming.
The on-premises segment is expected to have the highest revenue share through the forecast period.
Based on the deployment mode, the global agriculture analytics market is divided into cloud and on-premises. Among these, the on-premises segment is expected to have the highest revenue share through the forecast period. End users’ concerns about data security are contributing to the global demand for on-premises farm analytics. Large farms with better financial positions are the primary users of on-premises agricultural analytics.
Inquire Before Buying This Research Report: https://www.sphericalinsights.com/inquiry-before-buying/5215
North America is accounted to hold the largest share of the global agriculture analytics market over the predicted timeframe.
North America is estimated to hold the largest share of the global agriculture analytics market over the predicted timeframe. The region’s developed infrastructure facilitates the smooth integration of analytical services. Applying advanced analytics solutions to farming operations is made simpler by having a robust and well-developed infrastructure. As more farmers in North America realize the benefits of sensor and analytics technologies, there will likely be a greater need for agriculture analytics solutions.
Asia Pacific is estimated to grow at the fastest CAGR growth of the global agriculture analytics market during the forecast period. Farmers in the Asia-Pacific area are under more pressure to boost agricultural production due to the region’s rapidly expanding population and rising food demand. This increasing demand, along with increased government funding in the agriculture sector, is driving a substantial trend toward the usage of advanced analytical solutions.
Major vendors in the Global Agriculture Analytics Market are IBM Corporation, SAP SE, Oracle Corporation, Trimble Navigation Limited, Monsanto Company, Deere & Company, Agribotix LLC, Agjunction Inc., SST Development Group Inc., Iteris Inc., Taranis, Farmer’s Business Network Inc., Agrivi, Granular Inc., and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Key Market Development
- In March 2024, Bayer Global tested a generative Al-powered virtual assistant for agricultural management. According to a corporate statement, the application provides fast responses to inquiries about agronomy and Bayer agricultural goods and is intended for farmers worldwide. The system was constructed utilizing internal Bayer data and was created in partnership with Microsoft and Ernst & Young.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global agriculture analytics market based on the below-mentioned segments:
Global Agriculture Analytics Market, By Offerings
- Solutions
- Services
Global Agriculture Analytics Market, By Agriculture Type
- Precision Farming
- Livestock Farming
- Vertical Farming
Global Agriculture Analytics Market, By Deployment Mode
- Cloud
- On-Premises
Global Agriculture Analytics Market, By Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
Browse Related Reports:
Global Copra Cake Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Organic Copra Cake, Conventional Copra Cake, and Others), By Application (Animal Feed, Fertilizers, Biofuel, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
Global Micro-Irrigation System Market Size, Share, and COVID-19 Impact Analysis, By Type (Drip Irrigation Systems, Sprinkler Irrigation Systems, and Other Micro-irrigation Systems), By Crop (Orchard Crops, Vineyards, Plantation Crops, and Field Crops), By End User (Farmers, Industrial Users, and other), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2021 – 2030
Global Rice Seeds Market Size, Share, and COVID-19 Impact Analysis, By Type (Open-Pollinated Varieties and Commercial Hybrids), By Grain Size (Short Grain, Medium Grain, Long Grain), By Treatment (Treated and Untreated Seeds), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033
Global Premium Plant-Based Fish Feed Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Complete Feed, Concentrates, and Supplements), By Application (Aquaculture, Ornamental Fish, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033
About Spherical Insights & Consulting
Spherical Insights & Consulting is a leading market research and consulting firm providing actionable insights, quantitative forecasting, and trend analysis to support business decision-making. The firm serves industries such as finance, government, industrial sectors, and corporations, helping them achieve strategic growth.
Contact Us:
📞 US: +1 303 800 4326
📞 APAC: +91 90289 24100
📧 Email: inquiry@sphericalinsights.com | sales@sphericalinsights.com
🌐 Website: Contact Us
