Agriculture Analytics Market is projected to reach USD 3.86 billion by 2031, growing at a CAGR of 15.41% from 2021 to 2031
CRI Report has released a report titled “Agriculture Analytics Market –Global Analysis of Market Size, Share & Trends for 2020 – 2021 and Forecasts to 2031” which is anticipated to Agriculture Analytics Markets Market to reach USD 3.86 Billion by 2031 from USD 0.92 Billion in 2021 at a CAGR of 15.41% within the coming years, i.e., 2021-31. According to a study by CRI Report, the upsurge in population with rising in demand for superior food products is a chief feature influencing the progress of the Agriculture Analytics Market. Furthermore, the rising adoption of smart technologies to allow accuracy agriculture and growing artificial intelligence and predictive analytics to expand the yield proposal are important growth prospects for Agriculture Analytics Market players.
The market report on Agriculture Analytics Market includes in-depth insights as:
- The estimated value of the market was USD 0.92 Billion in the year 2021.
- Agriculture Analytics Market in North America held the largest market share in the year 2021.
- Based on, Application, Livestock Analytics segment, emerged as a key segment in the Agriculture Analytics Market.
- Key players are likely to focus on product innovations and expansion through mergers to retain their positions in developed markets.
“The increasing need to contract out field-related process due to scarcity of labor is predictable to drive the growth of the accomplished services in the Agriculture Analytics Market. Managed service providers practice their powerful analytical devices to assemble, process, and examine data to offer valuable visions to agriculturalists. By these actionable insights, farmers can estimate their crop production, expand crop cultivation, and make healthier decisions”, according to this report
Agriculture Analytics delivers real-time understandings that can be used by farmers or cultivators as inputs to enhance their agricultural performance according to the various weather conditions or disease outbursts. The use of technologies and big data analytics is still unused in the field of farming. The overview of big data analytics in agriculture has led to precision farming, thus saves time and capital of the farmers along with better yield.
Based on Component, the market is segmented Services and Solutions. Solution segment holds the highest market share of Agriculture Analytics Market. Rising need for more accurate crop forecasting and yield is driving the demand of Agriculture Analytics Solutions as the solution services in evaluating decades of crops information and support agriculturalists in predicting the number and state of crops produced before the seed are even planted. Agriculture Analytics Solutions has the capability to maximize crop production in the shortest timeframe.
Key Players in the Market
Some of the key players operating in the Agriculture Analytics Market are Deere & Company (US), IBM (US), SAP SE (Germany), Trimble (US), 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)
Get Valuable Insights into Agriculture Analytics Market.
In the new report, CRI Report thrives to present an unbiased analysis of Agriculture Analytics Market that covers the historical demand data as well as the forecast figures for the period, i.e., 2021-2031. The study includes compelling insights into growth that is witnessed in the market. The study includes compelling insights into growth that is witnessed in the market. The market is segmented by Component into Services and Solutions; By Application into Farm Analytics, Livestock Analytics, Aquaculture Analytics, and others; By Deployment into Cloud and On-premise; Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific and Middle East and Africa.
