The agriculture analytics market size is expected to reach USD 1,991.6 million by 2026 according to a new study by Polaris Market Research. The report “Agriculture Analytics Market Share, Size, Trends, Industry Analysis Report By Application Area (Farm Analytics, Livestock Analytics, and Aquaculture Analytics); Component (Solution and Services); Farm Size (Small, Medium Sized, and Large); By Regions, Segments & Forecast, 2020 – 2026”gives a detailed insight into current market dynamics and provides analysis on future market growth.
The primary growth driver for the farm analytics sector is government projects to implement modern agricultural techniques. Increasing pressure to satisfy the increasing global demand for food in combination with the need to enhance farm productivity also contributes to the application of agricultural analytics and the growth of the agricultural analytics sector. Agricultural digitization is anticipated to assist feed the increasing population. It is anticipated that the global population will rise by about 40% and reach 9.6 million by 2050. Therefore, to satisfy the increasing demand for food, the general food production requires to double. The present production rate, process, and distribution technique would not be adequate to feed the increasing population; therefore, it is anticipated that the implementation of fresh and advanced technology at different stages of farming will become essential to satisfy the increasing demand.
Implementing analytics in farming and agricultural operations helps farmers evaluate all real-time information such as moisture, soil, crop, weather, and more. It also allows for an organized plan for the post-harvest operations of farm manufacturing. Accentuating government and regulatory bodies for the implementation of contemporary techniques in agriculture and agriculture such as the use of analytics, artificial intelligence among farmers has led in a favorable development of the market in agricultural analytics. Because of the enormous capital needed to implement sophisticated agricultural technology, the development of the agricultural analytics industry could be hampered. Nevertheless, technological improvements, sophisticated infrastructure and the use of high-end farm equipment enable farm investors to take measures towards the farming sector, which is expected to increase the development of the market for agricultural analytics in the foreseeable years.
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Over the forecast period, North America is anticipated to dominate the global market for agricultural. This development is due to the increasing implementation of sophisticated farming machinery and is probable to stimulate the development of the worldwide agricultural analytics industry. However, Asia Pacific is anticipated to give the agricultural analytics market numerous favorable avenues for development.
Accenture, Agribotix, Agrivi, Agvue Technologies, Awhere, Conservis Corporation, Deere & Company, Delaval, DTN, Farmers Business Network, Farmers Edge, Geosys, Granular, Gro Intelligence, IBM, Iteris, Monsanto Company, Oracle, Precisionhawk, Proagrica, Resson, SAP, Stesalit, Taranis, and Trimble are some of the players operating in the global market. These businesses are also attempting to enter into strategic alliances, company expansions, mergers and acquisitions, and advances in product / service.
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Polaris Market research has segmented the agriculture analytics industry report on the basis of application area, component, farm size and region
Agriculture Analytics Application Area Outlook (Revenue, USD Million, 2015 – 2026)
- Farm Analytics
- Livestock Analytics
- Aquaculture Analytics
Agriculture Analytics Component Outlook (Revenue, USD Million, 2015 – 2026)
- Solution
- Service
Agriculture Analytics Farm Size Outlook (Revenue, USD Million, 2015 – 2026)
- Small
- Medium
- Large
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The Business Research Company published its Agriculture Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global agriculture market.
Subsegments covered are milk, honey, meat, wool, egg, skin and hide, live animals, other animal produce, grain farming, oilseed farming, fruit and nut farming, vegetable farming, general crop farming, greenhouse, nursery, and flowers, fishing, hunting and trapping, forestry and logging, agriculture and forestry support activities.View Complete Report: https://www.thebusinessresearchcompany.com/report/agriculture-global-market-report-2020-30-covid-19-impact-and-recoveryAgriculture Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country.
It also compares the market’s historic and forecast growth.
It covers all the regions, key developed countries and major emerging markets.
The major regions included in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.Shortage of labor and increasing demand for advanced agriculture tools in many countries is driving the demand for agriculture robots or agribots.
