Agriculture Analytics Market Insights by Size, Demand, Industry Insights, Opportunities, Growth Rate Till 2023


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Jun 03, 2021, 13:19 EST


Shibuya-ku, Tokyo, Japan, Japan, Jun 03, 2021, 13:19 /Comserve / -- This detailed analysis includes market size and forecasts, covering regional analysis, trends, opportunities and COVID-19 analysis. The analysis also includes key players with business strategies and key indicators that influence market growth.

Increasing adoption of advanced analytics to improve the yield and deal with unpredictable climate changes and environmental factors to drive the agriculture analytics market. The global agriculture analytics market size is expected to grow from USD 585 million in 2018 to USD 1,236 million by 2023, at a Compound Annual Growth Rate (CAGR) of 16.2% during the forecast period. The agriculture analytics market’s major growth factors are rising pressure to meet the global demand for food and increasing government initiatives to deploy modern agricultural techniques. However, high capital investments to deploy agriculture analytics solution and services can hinder the growth of the market.

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"The Final Report will cover the impact analysis of COVID-19 on this industry (Global And Regional Market)."

Major vendors offering agriculture analytics solution and services across the globe include Deere & Company (US), IBM (US), SAP SE (Germany), Trimble (US), Monsanto Company (US), Oracle (US), Accenture (Ireland), Iteris (US), Taranis (Israel), Agribotix (US), Agrivi (UK), DTN (US), aWhere Inc. (US), Conservis Corporation (US), DeLaval (Sweden), Farmer's Business Network (US), Farmers Edge (US), GEOSYS (US), Granular (US), Gro Intelligence (US), Proagrica (UK), PrecisionHawk (US), RESSON (Canada), Stesalit Systems (India), and AgVue Technologies (US). The study includes an in-depth competitive analysis of these key players in the agriculture analytics market, with their company profiles, recent developments, and key market strategies.

Livestock analytics segment to grow at the highest CAGR during the forecast period
Agriculture analytics solution and services help livestock producers make better decisions by acquiring real-time information about animals and improve various livestock management processes, such as feeding management, heat stress management, milk harvesting, breed management, behaviour monitoring and management, calf management, genetic management, and cattle sorting. Livestock analytics involves using different devices, such as RFID, GPS, feeding systems, farm management systems, robotic milking machines, and other software technology solutions, to improve the farm production.

Large farms segment to hold the largest market size during the forecast period
Technological advancements and growing focus to follow modern farming practices have made farmers and growers implement advanced agriculture analytics solution. Large farm producers have the capital to invest on innovative technologies as compared to small and medium-sized farm producers, which allow them to develop a well-equipped next-generation agricultural infrastructure. Agriculture analytics solution implemented on the agriculture infrastructure help farmers make informed decisions, such as which crops to plant for their next harvest, soil health, water availability, and predictions on rainfall.

Asia Pacific (APAC) to record the highest growth rate during the forecast period
APAC is expected to grow at the highest CAGR during the forecast period, due to the increasing demand for agriculture analytics solution and services. Major APAC economies, such as China, Australia, New Zealand, India, and Israel, provide huge opportunities for vendors of agriculture analytics solution and services in the region. Meanwhile, North America is projected to hold the largest market size during the forecast period.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the agriculture analytics marketplace.

  • By company type: Tier 1 – 38%, Tier 2 – 42%, and Tier 3 – 20%
  • By designation: C-level – 40%, D-level – 35%, and Others – 25%
  • By region: North America – 40%, Europe – 30%, APAC – 20%, MEA – 5%, and Latin America – 5%

Request to Fill The Form To get Sample Copy of This Report: https://www.sdki.jp/sample-request-106336

"The Final Report will cover the impact analysis of COVID-19 on this industry (Global And Regional Market)."

Research coverage
The market study covers the agriculture analytics market size across segments. It aims at estimating the market size and the growth potential of this market across segments, such as components, application areas, farm size, deployment type, and regions. The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key benefits of buying the report
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall agriculture analytics market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

TABLE OF CONTENTS

1 INTRODUCTION 19
1.1 OBJECTIVES OF THE STUDY 19
1.2 MARKET DEFINITION 19
1.3 MARKET SCOPE 19
1.3.1 MARKET SEGMENTATION 20
1.4 YEARS CONSIDERED FOR THE STUDY 21
1.5 CURRENCY 21
1.6 STAKEHOLDERS 22
2 RESEARCH METHODOLOGY 23
2.1 RESEARCH DATA 23
2.1.1 SECONDARY DATA 24
2.1.2 PRIMARY DATA 24
2.1.2.1 Breakup of primary profiles 25
2.1.2.2 Key industry insights 25
2.2 MARKET BREAKUP AND DATA TRIANGULATION 26
2.3 MARKET SIZE ESTIMATION 26
2.3.1 BOTTOM-UP APPROACH 27
2.3.2 TOP-DOWN APPROACH 27
2.4 MARKET FORECAST 28
2.5 ASSUMPTIONS FOR STUDY 29
2.6 LIMITATIONS OF THE STUDY 30
3 EXECUTIVE SUMMARY 31
4 PREMIUM INSIGHTS 34
4.1 ATTRACTIVE MARKET OPPORTUNITIES IN THE AGRICULTURE ANALYTICS MARKET 34
4.2 AGRICULTURE ANALYTICS MARKET: TOP 3 APPLICATION AREAS AND REGIONS (2018) 35
4.3 AGRICULTURE ANALYTICS MARKET: MAJOR COUNTRIES 35
5 MARKET OVERVIEW 36
5.1 INTRODUCTION 36
5.2 MARKET DYNAMICS 36
5.2.1 DRIVERS 37
5.2.1.1 Increasing government initiatives to deploy modern agricultural techniques 37
5.2.1.2 Unpredictable climate changes and environmental factors 38
5.2.1.3 Rising pressure to meet the global demand for food 38
5.2.2 RESTRAINTS 39
5.2.2.1 High capital investment 39
5.2.2.2 Fragmented agriculture industry 40
5.2.3 OPPORTUNITIES 40
5.2.3.1 Increasing adoption of AI and predictive analytics to improve the yield 40
5.2.3.2 Growing adoption of IoT and smart technologies to enable precision agriculture 40
5.2.4 CHALLENGES 40

Request to Fill The Form To get Sample Copy of This Report: https://www.sdki.jp/sample-request-106336

"The Final Report will cover the impact analysis of COVID-19 on this industry (Global And Regional Market)."

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