Agriculture Analytics Market Top Manufacturers, Size, Business Scenario, Share, Growth, Insights, Industry Analysis

Increasing adoption of advanced technologies in the agriculture sector and rising need to improve crop management are key factors driving market revenue growth

The agriculture analytics market size is expected to reach USD 2,041.6 Million in 2028 and register a steady CAGR over the forecast period.The report studies the factors influencing the growth of the industry in the global market and offers accurate predictions about the growth pattern. The report pays special attention to the key elements of the market, such as drivers, restraints, opportunities, threats, risks, limitations, and other aspects. The report covers a comprehensive analysis of the competitive landscape with a detailed analysis of the company profiles, product portfolio, and business expansion strategies.

Steady market revenue growth can be attributed to increasing adoption of advanced technologies such as Internet of Things (IoT), Big Data, and other analytics tool in the agriculture sector to improve crop yield and enhance work efficiency. Farmers are increasingly utilizing big data analytics to become more competitive and productive, which is boosting revenue growth of the agriculture analytics market. Rising need to improve crop management is resulting in increasing demand for agriculture data analysis. 

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Further key findings from the report suggest

  • In November 2020, John Deere announced the acquisition of Harvest Profit, which is a leading provider of farm profitability software based in Fargo, North Dakota, US. Harvest Profit software is expected to help customers of John Deere with a forward-looking financial lens and enhanced visibility into the profitability of their farms and the insights provided by the software would help them to make better decisions regarding management of operations.
  • Solution segment accounted for largest revenue share in 2020. Rising need for more accurate crop forecasting and yields is driving demand for agriculture analytics solutions.
  • Large farms segment revenue is expected to expand at a rapid CAGR during the forecast period. Large farms are increasingly adopting big data IoT sensors in order to monitor farms and get information regarding tractor availability, service due dates, and fuel refill alerts.

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Report Objective:

The report offers a complete analysis of the global Agriculture Analytics market with details about each market player including company profile, financial standing, global position, revenue contribution, production and manufacturing capacity, business expansion plans, and new product launches. Key players are strategizing various plans such as MA acquisition, partnerships, joint ventures, license agreement and collaborations. Deere Company, IBM, Bayer AG, SAP SE, Trimble, Accenture, DeLaval, Iteris, Inc., Oracle, and AGRIVI. and others are some of the top companies profiled in the report.

The report also covers the scope of individual applications and types in each region. The report also covers details about production and consumption patterns, technological developments, revenue growth, market size, market share, key trends and demands influencing market growth in the region, and robust presence of key players in the region.

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Emergen Research has segmented the global agriculture analytics market on the basis of component, farm size, deployment modes, application, and region:

Component Outlook (Revenue, USD Million; 2018–2028)

  • Services
  • Solution

Farm Size Outlook (Revenue, USD Million; 2018–2028)

  • Small and Medium Farms
  • Large Farms

Deployment Modes Outlook (Revenue, USD Million; 2018–2028)

  • On-premises
  • Cloud

Application Outlook (Revenue, USD Million; 2018–2028)

  • Livestock Analytics
  • Farm Analytics
  • Aquaculture Analytics
  • Others

Regional segmentation comprises of a current and forecast estimation of the market in the key geographical regions such as North America, Europe, Asia Pacific, Latin America, and Middle East Africa.

The report addresses the following key points:

  • The report provides a forecast of market drivers, restraints, and future opportunities for the Agriculture Analytics market
  • The report further analyses the changing market dynamics
  • Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth
  • Extensive competitive landscape mapping with profiles of the key competitors
  • In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
  • Revenue forecast, country scope, application insights, and product insights

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