Rapidly Growing Agriculture Analytics Market Poised to Generate Substantial Revenue: Factors Explained for the 2023-2028 Period

The global agriculture analytics market size is projected to grow from USD 1.4 billion in 2023 to USD 2.5 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 13.1% during the forecast period. Farmers and growers are the primary end users of agriculture analytics. They benefit from analytics by gaining insights into crop performance, soil health, pest and disease management, irrigation scheduling, and yield optimization.

🔥 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐫𝐞𝐞 𝐏𝐃𝐅 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 + 𝐃𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐓𝐎𝐂 ➡️ https://www.reportsnreports.com/contacts/requestsample.aspx?name=1846218

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), Accenture(Ireland), 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).

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%

➡️ 𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐅𝐨𝐫 𝐌𝐨𝐫𝐞 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 @ https://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=1846218

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, oportunities, and challenges in the agriculture analytics market. The report also covers qualitative aspects in addition to the quantitative aspects of these markets.

This release was published on openPR.