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Agriculture Analytics Market 2023 | Futuristic Technology- Deere & Company, IBM, Bayer Ag, SAP, Trimble, ABACO, DeLaval, Oracle, DTN, Farmers Edge, SAS Institute, Iteris, PrecisionHawk, Conservis
Agriculture Analytics Market
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The services segment is expected to grow at a higher CAGR during the forecast period
The agriculture analytics services market has been segmented into professional services and managed services. The professional services segment has been further segmented into training and consulting, system integration and implementation, and support and maintenance. Agriculture analytics services offer a comprehensive and data-driven approach to optimize and enhance various aspects of the agricultural industry. These services utilize advanced technologies and analytical tools to collect, process, and analyze vast amounts of data from multiple sources, including weather patterns, soil conditions, crop health, and market trends.
The Large Farms segment is expected to hold highest market size during the forecast period
The adoption of agriculture analytics solutions in large farms is said to be high, as compared to the small and medium-sized farms. This is due to the affordability and high economies of scale that allows the large farms to leverage the benefits of agricultural solutions.Farms with the size of more than 1,000 hectares are categorized under the large farms segment. Producers having large farms leave no stone unturned to compete in the cut-throat competitive world; hence, they spend significant amounts on becoming technologically versed.
Asia pacific is fastest growing region in the agriculture analytics market
APAC is expected to grow at the highest CAGR during the forecast period, due to the increase in demand for agriculture analytics solution and services. Growing economies in countries such as China, Australia and New Zealand, India, and Israel provide huge opportunities for the adoption of the agriculture analytics solution and services in APAC region. Meanwhile, North America is projected to hold the largest market size during the forecast period.
Breakdown of primaries:
The studies contains insights from various industry experts, ranging from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:
By Company: Tier I: 34%, Tier II: 43%, and Tier III: 23%
By Designation: C-Level Executives: 50%, Directors: 30%, and Others: 20%
By Region: Europe: 30%, APAC: 30%, North America: 25%,MEA: 10%, and Latin America: 5%
The agriculture analytics market is dominated by a few globally established players such as Deere & Company(US), IBM(US), Bayer Ag (Germany), SAP(Germany), Trimble(US), ABACO(Italy), DeLaval(Sweden), Oracle(US), DTN(US), Farmers Edge(Canada), SAS Institute(US), Iteris(US), PrecisionHawk (US), Conservis (US), Stesalit Systems(India), Agribotix(US), Agrivi(UK), Granular(US), FBN(US), Gro Intelligence(US), Resson(Canada), AgVue Technologies(US), Taranis(US), CropX(Israel), Trace Genomics(US), Fasal(India), AgEye Technologies(US), HelioPas AI(Germany), OneSoil (Switzerland), Root AI (US)and AgShift(US).
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Research Coverage:
The report segments the agriculture analytics market and forecasts its size, by volume and value, based on region (North America, Europe, APAC, MEA and Latin America), Offering, agriculture type, farm size, technology and end users.
The report also provides a comprehensive review of market drivers, restraints, opportunities, and challenges in the agriculture analytics market. The report also covers qualitative aspects in addition to the quantitative aspects of these markets.
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