The global Agriculture Analytics market was valued at USD 1.23 Billion in 2020 and is projected to reach USD 3.21 Billion by 2028, growing at a CAGR of 12.72%% from 2021 to 2028.

Agriculture analytics is the technology embedded with AI which is intended to improve farming techniques and use of other technologies such as agricultural drone, satellites, among other to make appropriate decisions.

The global Agriculture Analytics market is segmented based on by Component, Deployment Modes, Regions, and Countries. This report provides an analysis of the global Agriculture Analytics market for the historic period of 2016–2019 and forecasts for 2021–2028 while 2020 is considered as a base year for estimations. The report covers exhaustive analysis on the global Agriculture Analytics industry, which includes market trends, drivers, restraints, opportunities, segmental analysis, regional trends, and competitive landscape among others. The report provides a detailed study on various product types and their applications in different industry verticals at the global/regional/country level. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. All the segments have been analyzed based on present and future trends. The research study provides complete assessment of the market on the basis of competition, drivers, restraints, opportunities, trends, and industry-authenticated data. The market is estimated from 2016 to 2020 with forecast from 2021 to 2028. 

COVID-19 pandemic led to government of numerous countries across the globe to impose stringent lockdown measures during the primary stages. This led to numerous challenges owing to the supply chain. However, the market witnessed steady growth over the later stages as the governments lifted restrictions on construction activities. Impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends for all the regions and countries.

The report provides a completely separate chapter for COVID-19 Impact Analysis. This chapter includes:

o   Impact Assessment of COVID-19 Pandemic

o   Pre & Post COVID-19 Market Size

o   Qualitative analysis on the short term & long-term impact of COVID-19 on the market

o   The analysis provides foremost strategies adopted by competitors to minimize the impact of the pandemic on their business activities and scope for future developments.

The rising adoption of digital technologies such as the internet, data analytics, mobile technologies and devices, digitally-delivered services, artificial intelligence, and apps in agriculture is likely to create lucrative opportunities for the agriculture analytics market. Moreover, a high internet penetration rate combined with booming smartphones sales especially in developing economies is anticipated to fuel the usage of digital services offered which ultimately generates a huge amount of data that can be used for the analytical applications.

In addition to that, supportive government policies and a big push for digitization in agriculture by governments in various countries is likely to further boost the adoption of analytics services during the upcoming years. Apart from this, public and private partnerships are likely to develop more advance infrastructure supporting the digital drive in the agriculture field.

The high cost of gathering precise field data and lack of standardization practices technological awareness among farmers is expected to hinder the growth of the agriculture analytics market in the years to come.

Component Analysis: Preview

On the basis of Component, the market is segmented into Solution, Services. Solution held the highest share in the global Agriculture Analytics market and is projected to witness the same trend during the forecast period. Companies in this sector are opting to advanced technologies in their supply chain to cater the end user requirements effectively.

Deployment Modes Analysis: Preview

Based on Deployment Modes, the market is segmented into Cloud, On-premises. Cloud accounted for the highest market share and is expected to grow at a significant CAGR from 2021 to 2028. 

Based on region, the global Agriculture Analytics market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America region led the market with the largest share in 2020. Some of the key countries contributing to the surge in the market are the U.S., U.K., Germany, France, China, India, Japan, and South Korea. Developing economies in the Asia Pacific region such as China and India are expected to make notable contributions in the growth over the coming years. Thus, it is expected that the Agriculture Analytics market is anticipated to rise over the forecast timespan.

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • France
  • Germany
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Rest of Latin America
• Middle East and Africa
  • GCC Countries
  • South Africa
  • Rest of MEA

The market comprises of numerous small, medium, and large sized players spread across various geographies. Some of the main competitors in the global Agriculture Analytics market are Deere & Company, IBM, SAP SE, Trimble, Monsanto, Oracle, Accenture, Iteris, Taranis, Agribotix, Agrivi, Conservis Corporation, DeLaval, FBN.. The report covers company market share analysis which gives a comprehensive overview of the main competitors in the market. In addition, the report also covers major strategies adopted by market players such as new product launch, acquisitions & mergers, partnerships, collaborations & joint ventures, research & development, and regional expansion. The study also covers the product portfolio of major companies operating in the market.

• The global Agriculture Analytics market was valued at USD 1.23 Billion in 2020
• The global Agriculture Analytics Market is projected to reach USD 3.21 Billion by 2028
• North America held the highest share of the Agriculture Analytics market in 2020
• Some of the major companies operating in the Agriculture Analytics market are Deere & Company, IBM, SAP SE, Trimble, Monsanto, Oracle, Accenture, Iteris, Taranis, Agribotix, Agrivi, Conservis Corporation, DeLaval, FBN.