Reports - Agriculture Analytics Market
Agriculture Analytics Market Size, Share & Trends Analysis Report by Component (Solutions, Services) by Agriculture type (Precision Farming, Livestock Farming, Aquaculture Farming, Vertical Farming, Others (Organic and Conventional farming)) by Farm size (Large Farms, Small and Medium-Sized Farms) by Technology (Remote Sensing and Satellite Imagery, Geographic Information System, Robotics and Automation, Big Data and Cloud Computing, Visualization and Reporting, Blockchain Technology, Others (Mobile Applications, Internet of Things (IoT) and Machine Learning and AI)) by End users (Farmers, Agronomists, Agribusinesses, Agricultural Researchers, Government Agencies, Others (Insurance Assessors, Drone Services, Consumers and Consumers' Organizations)) by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Industry Assessment (2017 - 2022) & Forecast (2023 - 2030)
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USD 1.3 Billion
USD 3.1 Billion
13.50%
North America
Asia Pacific
2022
2019 - 2021
2023 - 2033
By Component , By Agriculture type, By Farm size, By Technology, By End users, By Region
The final deliverable will encompass both quantitative and qualitative data, providing a comprehensive analysis of the market. The scope is customizable.
The global Agriculture Analytics Market is valued at USD 1.3 Billion in 2022 and is projected to reach a value of USD 3.1 Billion by 2030 at a CAGR (Compound Annual Growth Rate) of 13.50% between 2023 and 2030.
Premium Insights
Agriculture analytics is a revolutionizing farming practices worldwide by utilizing advanced technologies such as Big Data, IoT, and various analytics tools. The governments initiatives to adopt advanced agricultural techniques have propelled the growth of the agriculture analytics market. The increasing use of IoT devices on connected farm equipment, including smart tractors and drones, and the exponential growth in data within the agriculture sector are driving this expansion. For instance, the united nation predicts that, the global population expected to reach 9.7 billion by 2050. farmers are seeking solutions from established industry leaders and start-ups to enhance productivity and connectivity in farming practices.
Economic Insights
Over the past five years, the Agriculture Analytics market has shown remarkable growth, with an impressive CAGR. The use of advanced analytics tools in agriculture has led to transformative changes, providing farmers with valuable insights into crop management, resource optimization, and risk reduction. This has resulted in increased productivity, cost savings, and improved efficiency in the agricultural value chain. The economic viability of agriculture analytics is evident in its potential to address global food security issues, minimize environmental impact through precision farming methods, and optimize resource allocation. Additionally, the integration of data-driven decision-making in agriculture has attracted a wide range of stakeholders, from technology giants to startups, leading to innovation and investment.
Top Market Trends
Market Segmentation
Agriculture Analytics {{Segmentation_Ext}}
Based on Component
Services holds the largest share
The services segment is expected to dominate the Agriculture Analytics market driven by the increasing demand for expert assistance. Farmers and industry stakeholders are seeking professional guidance to effectively implement and utilize agriculture analytics solutions in order to maximize their returns. As these solutions become more complex, the need for services such as consulting, implementation, and support becomes even more crucial. Farmers and stakeholders require expert help in understanding and leveraging advanced agriculture analytics tools.
Based on Agriculture type
Precision Farming will dominate the market during Forecast Period
The precision farming is expected to dominate the Agriculture Analytics market due to its data-driven approach and the integration of sensors and advanced technologies, which enable comprehensive data collection on crops and soil conditions. The abundance of data allows for informed decision-making in crucial areas such as irrigation, fertilization, and other farming practices. By enhancing the effectiveness of precision farming data, agriculture analytics solutions are vital in identifying specific areas of a field that require precise adjustments in water or fertilizer usage.
Based on Farm size
Large Farms will lead the market
Large Farms are expected to maintain their dominance in the Agriculture Analytics market due to various distinct advantages they offer. Large farms benefit from their abundance of resources, which allows for significant investments in new technologies. Additionally, these farms have an advantage in possessing the necessary data and infrastructure to smoothly implement and effectively use agriculture analytics solutions. The size of these farms enables them to maximize the advantages of scale in agriculture analytics, leading to optimized operations and resource utilization.
Based on Technology
Visualization and Reporting will account for largest share
Visualization and Reporting will dominate the Agriculture Analytics market because these tools are essential in helping farmers and stakeholders understand and use insights from agriculture analytics solutions. They are crucial in allowing users to identify complex trends and patterns in their data that may not be detectable with the naked eye. Furthermore, visualization and reporting are not only important for internal understanding, but also for effectively communicating findings to others.
Based on End user
Agronomists will account for largest share
In the Agriculture Analytics market, agronomists are expected to dominate and hold the largest share. With their extensive knowledge of soil, plants, and crops, agronomists play a crucial role in helping farmers improve their yields and profitability. They utilize agriculture analytics solutions to make informed decisions, which further emphasizes their significance. These solutions are essential for optimizing farming practices such as irrigation, fertilization, and pest and disease management.
Based on Region
North America will lead the market
North America lead the Agriculture Analytics market because the region has a high concentration of agriculture analytics vendors, creating a strong environment for technological advancements. Government support also plays a role in driving this momentum, with policies that promote the integration of analytics solutions in agriculture. The United States is in a prime position to drive this growth, supported by its large agriculture industry and proactive adoption of technology by farmers. Canada and Mexico are also significant markets, driven by their growing agriculture sectors and the increasing demand for analytics solutions to improve efficiency and profitability.
Competitive Landscape
The agriculture analytics market is highly competitive, with a wide range of players competing for market share. This includes established technology companies, specialized agriculture analytics vendors, and emerging startups. Established companies use their experience and technology capabilities to offer comprehensive solutions, while startups bring innovation and agility. As the demand for data-driven insights in agriculture increases, the competitive landscape is expected to expand further, driven by advancements in data analytics, artificial intelligence, and precision farming technologies.
The players in the global Agriculture Analytics market include SAP SE among others.
Recent Market Developments
Segmentation of the Global Agriculture Analytics Market
Parameter | Details |
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Segment Covered | By Component
By Agriculture type
By Farm size
By Technology
By End users
By Region
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Companies Covered |
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Customization Scope | Enjoy complimentary report customization—equivalent to up to 8 analyst working days—with your purchase. Customizations may include additions or modifications to country, regional, or segment-level data. |
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