According to market research report on "AgricultureAnalytics Market by Application Area (Farm Analytics, LivestockAnalytics, and Aquaculture Analytics), Component (Solution and Services), FarmSize (Small, Medium-Sized, and Large), Deployment Type, and Region - GlobalForecast to 2025", published byMarketsandMarkets™, the global Agriculture Analytics Marketsize is expected to grow from USD 0.8 billion in 2020 to USD 1.4 billion by2025, at a Compound Annual Growth Rate (CAGR) of 12.2% during the forecastperiod..
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The growing trend of digitization and risk assessment andrising demand to improve agricultural supply chain management due to theCOVID-19 pandemic driving the adoption of the AgricultureAnalytics Market.
Increasing use of data by farmers to know more about theirfarms, and crops driving the adoption of managed services segment ofagriculture analytics platforms during the forecast period
The growing need to outsource field related operation owing to ashortage of labor is expected to drive the growth of the managed services inthe Agriculture Analytics Market. Managed service providers use their powerfulanalytical tools to collect, process, and analyze data to provide valuableinsights to farmers. By these actionable insights, farmers can forecast theircrop production, improve crop cultivation, and make better decisions.
Rising need to secure data by large farms to drive the demandfor on-premises to hold a larger market size
Data security concerns among the end-users is contributing tothe higher adoption of on-premises agriculture analytics solution globally. Theon-premised agricultural analytics solution is majorly deployed by the largefarms as it has better ability to invest. Moreover, large farms have widevariety of business segment with serving to broader geographical reason; hencedata 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 ofthe market in 2018. The region comprises developed countries, such as the USand Canada, and is considered the most advanced region in terms of adoptingdigital technologies. The majority of farmers or growers in the region havedeployed agriculture analytics solutions to optimize livestock, farms, orchid,forestry, horticulture and aquaculture farming. Moreover, the NorthAmerican region exhibits a wide presence of key industry players offeringagriculture analytics solutions and its financial position enables it to investmajorly in the leading tools and technologies for effective businessoperations.
The major vendors covered in the Agriculture AnalyticsMarket 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), GroIntelligence (US), Proagrica (UK), PrecisionHawk (US), RESSON (Canada),Stesalit Systems (India), AgVue Technologies (US), Fasal (India), AGEYETechnologies (US), HelioPas AI (Baden-Württemberg), OneSoil (Belarus), and RootAI (US).
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