Agriculture Analytics Market by Trends, Growth Projections and Forecast To 2020-2028 | IBM, SAP SE, Trimble, Monsanto Company, Oracle, Accenture, Iteris

This detailed market study focuses on data from different primary and secondary sources, and is analyzed using various tools. It helps to gain insights into the market's growth potential, which can help investors identify scope and opportunities. The analysis also provides details of each segment in the global agriculture analytics market.

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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1) Deere & Company
2) IBM
3) SAP SE
4) Trimble
5) Monsanto Company
6) Oracle
7) Accenture
8) Iteris
9) Taranis
10) Agribotix
11) Agrivi
12) DTN
13) Conservis Corporation
14) DeLaval

According to the report, growing pressure to meet the food demands is expected to drive the growth of the global agriculture analytics market during the forecast period. This has resulted in some of the key developments by companies operating in the market to consolidate their market positions and look for further niche opportunities. Agriculture analytics is a mixture of various technologies such as IoT, Big data, being implemented for agricultural purposes.

Segmentation for better understanding of this market and its growth prospects:

The agriculture analytics market is segmented based on the component, farm size, deployment method, and application.

By component, the bifurcation is solutions and services. The market is growing for the solution analytics segment. As the crop yield depends on various factors such as soil condition, weather, and seed variety. The analytics solutions segment provides for the collaboration of data for increasing productivity.

Based on the farm size, the market is bifurcated in small & medium farms and large farms. The management of large farms becomes comparatively easier by using agricultural analytics. Owners of large farms can afford this system without any hassle. Agricultural analytics helps them enhance their farm productivity and keep up with the growing demand for food. Due to the large size of the farms, there is a large amount of information generated. With the help of agricultural analytics, large farms can efficiently manage their data and maximize their output according to it.

Based on the deployment method the market is divided as on-premises and cloud.
By the applications, the market is segmented into Aquaculture Analytics, Farm Analytics, Livestock Analytics, Others. Livestock analytics includes various management activities such as milk harvesting, breed management, feeding management, and behaviour monitoring. The various tasks performed daily generate huge amounts of data. It also tracks the diet of the animals and monitors their daily intake. Hence, investments are being made to enhance product quality.

The North America region is growing at a fast pace for this market as numerous large farms have the best equipment. However, the APAC region is also steadily growing for the market for agricultural analytics. There are various investments and government initiatives being made for the implementation of digital practices.

Key Factors Impacting Market Growth:

o Increasing initiatives by the government to utilize modern agriculture techniques
o Growing pressure to meet the food demands
o Rising need for improvement of farm productivity

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Regional segmentation and analysis to understand growth patterns:

The market has been segmented in major regions to understand the global development and demand patterns of this market.

For agriculture analytics market, the segments by region are for North America, Asia Pacific, Western Europe, Eastern Europe, Middle East, and Rest of the World. During the forecast period, North America, Asia Pacific and Western Europe are expected to be major regions on the agriculture analytics market.

North America and Western Europe have been one of the key regions with technological advancements in Food & Agricultural sector. The use of latest technologies in the agricultural activities and established processed food market is estimated to drive demand for agriculture analytics market in these regions.

In addition to this, some of the major companies operating in this market are headquartered in these regions. Asia Pacific is estimated to be one of the fastest growing markets for agriculture analytics market. The food & agriculture sector is one of the major contributors to economies in the region. In addition to this, government initiatives to promote technological advancements in this region are also one of the key factors to the growth of agriculture analytics market. Middle East and rest of the World are estimated to be emerging regions for agriculture analytics market.

This report provides:

1) An overview of the global market for agriculture analytics market and related technologies.
2) Analysis of global market trends, yearly estimates and annual growth rate projections for compounds (CAGRs).
3) Identification of new market opportunities and targeted consumer marketing strategies for global agriculture analytics market.
4) Analysis of R&D and demand for new technologies and new applications
5) Extensive company profiles of key players in industry.

The researchers have studied the market in depth and have developed important segments such as product type, application and region. Each and every segment and its sub-segments are analyzed based on their market share, growth prospects and CAGR. Each market segment offers in-depth, both qualitative and quantitative information on market outlook.

Market Segmentation:

By Component:
o Solutions
o Services

By Farm Size:
o Small & Medium Farms
o Large Farms

By Deployment Method:
o On-Premises
o Cloud

By Application:
o Aquaculture Analytics
o Farm Analytics
o Livestock Analytics
o Others

By Region:

North America
o By Country (US, Canada, Mexico)
o By Component
o By Farm Size
o By Deployment Method
o By Application

Western Europe
o By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
o By Component
o By Farm Size
o By Deployment Method
o By Application

Eastern Europe
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Component
o By Farm Size
o By Deployment Method
o By Application

Asia Pacific
o By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
o By Component
o By Farm Size
o By Deployment Method
o By Application

Middle East
o By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
o By Component
o By Farm Size
o By Deployment Method
o By Application

Rest of the World
o By Region (South America, Africa)
o By Component
o By Farm Size
o By Deployment Method
o By Application

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This release was published on openPR.