Global Agriculture Analytics Market Report, Size, Share, Trends, Demand, Sales, Revenue, Industry Analysis, Types, Top Players and Forecasts 2019 to 2025
Over the last century, global population has quadrupled. In 1915, there were 1.8 billion people in the world. Today, according to the United Nations (UN), there are 7.3 billion people and we may reach 9.7 billion by 2050. This growth, along with rising incomes in developing countries (which cause dietary changes such as eating more protein and meat) is driving up global food demand. Further, food demand is expected to increase by 59% to 98% by 2050. This will shape agricultural markets in ways we have not seen before. Farmers worldwide will need to increase crop production, either by increasing the amount of agricultural land to grow crops or by enhancing productivity on existing agricultural lands through fertilizer & irrigation and by adopting new methods like precision farming. Therefore, growing demand for food is expected to propel the global agriculture analytics market significantly in the next few years.
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The agriculture analytics market study presents historical market data in terms of value (2017 and 2018), estimated current data (2019), and forecasts for 2025 – by application, component, and farm size. The study also evaluates industry competitors and analyzes the market at regional and country level.
Large Farms Segment to hold the Largest Market Share during the Forecast Period
Based on Farm Size, the agriculture analytics market is segmented into small and medium-sized farms and large farms. In 2018, large farms accounted for the largest share of the global agriculture analytics market. The large share of this segment is attributed to the growing focus on modern farming practices, growing technological advancements, their ability to implement advanced agriculture analytics solution, and their affordability and high economies of scale. Large farm producers have the capital to invest in innovative technologies as compared to small and medium-sized farm producers.
Livestock Analytics to Provide Significant Growth Opportunities
Based Application, the agriculture analytics market is segmented into farm analytics, livestock analytics, aquaculture analytics, and others. The livestock analytics application segment includes feeding management, heat stress management, milk harvesting, breeding management, behavior monitoring and management, and others. Livestock analytics segment is expected to witness a rapid growth during the forecast period, as livestock agriculture includes varied tasks to be performed daily, which generate large volumes of critical data about the livestock. Livestock analytics involves using different devices, such as GPS, RFID, feeding systems, robotic milking machines, farm management systems, and other software technology solutions, to improve farm production.
Asia-Pacific: The Fastest Growing Regional Market
North America commanded the largest share of the global agriculture analytics market in 2018, followed by Europe, Asia-Pacific, Latin America, and Middle East & Africa. However, Asia-Pacific will be the fastest growing regional market due to the rising demand for agriculture analytics solution and services, implementation of cloud-based solutions among growers in the region, and increasing investments in the digital agriculture practices. Major Asia-Pacific economies, such as China, Australia, New Zealand, and India provide huge opportunities for vendors of agriculture analytics solution and services in the region.
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Key Players in the Agriculture Analytics Market
The report includes an agriculture analytics market share assessment with the key strategic developments adopted by leading market participants in the industry over the past 4 years (2016-2019). For instance, in January 2018, Geosys, Inc. collaborated with Textron Inc. This collaboration would help farmers address the need for strip trials, high-value crops, and small plots.
Company Profiles (Business Overview, Financial Overview, Products Portfolio, Strategic Developments)
1 Accenture plc
2 Agribotix LLC
4 Agvue Technologies
5 aWhere, Inc.
6 Conservis Corporation
7 Deere & Company
8 DeLaval Inc.
10 Farmer's Business Network, Inc.
11 Farmers Edge Inc.
12 Geosys, Inc.
10.13 Granular, Inc.
14 Gro Intelligence, Inc.
15 IBM Corporation
16 Iteris Inc.
10.17 Monsanto Company
18 Oracle Corporation
19 PrecisionHawk Inc.
21 Trimble Inc.
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