Agriculture Analytics Market size was valued at USD 0.973 billion in 2019 and is poised to grow from USD 1.1 billion in 2023 to USD 2.9 billion by 2031, growing at a CAGR of 12.7% in the forecast period (2024-2031).
The Research report on Agriculture Analytics Market presents a complete judgment of the market through strategic insights on future trends, growth factors, supplier landscape, demand landscape, Y-o-Y growth rate, CAGR, pricing analysis. It also provides and a lot of business matrices including Porters Five Forces Analysis, PESTLE Analysis, Value Chain Analysis, 4 Ps' Analysis, Market Attractiveness Analysis, BPS Analysis, Ecosystem Analysis.
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Segmental Analysis
- ComponentsSolutions and services
- Deployment modeCloud and on premises
- ApplicationFarm analytics, Livestock analytics, Aquaculture analytics
- Farm sizeLarge and small/Medium
Market Dynamics
Agriculture Analytics Market Drivers
Rise of the Potential of Urban Agriculture will Boost Market Demand
- Urban agriculture, both in terms of people growing food in community plots or in rooftop gardens, has become a popular trend around the world in recent decades. While the ability to provide locally-grown crops to urban populations shouldn’t be discounted, there are many benefits to urban farming that go beyond simply providing food to local communities. There is a positive environmental impact in terms of reducing runoff from heavy rainfall and improving air quality. The work that must go into planting and maintaining these plots also helps to strengthen the community’s social bonds.
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By Regions and Countries
o North America
o Europe
o Asia-Pacific
o South America
o Middle East & Africa
Following are the players analyzed in the report
• IBM Corporation• SAP SE• Oracle Corporation• Trimble Navigation Limited• Monsanto Company• Deere & Company• Agribotix LLC• Agjunction Inc.• SST Development Group Inc.• Iteris Inc.• Taranis• Farmer's Business Network Inc.• Agrivi• Granular Inc.• aWhere Inc.• DTN• Climate Corporation• PrecisionHawk Inc.• Agworld Pty Ltd• Raven Industries Inc.
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The research provides answers to the following key questions:
• What is the estimated growth rate of the market for the forecast period 2024-2031? What will be the market size during the estimated period?
• What are the key driving forces responsible for shaping the fate of the Agriculture Analytics Market during the forecast period?
• Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Agriculture Analytics Market?
• What are the prominent market trends influencing the development of the Agriculture Analytics Market across different regions?
• What are the major threats and challenges likely to act as a barrier in the growth of the Agriculture Analytics Market?
• What are the major opportunities the market leaders can rely on to gain success and profitability?