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Agriculture Analytics MarketIncreasing digitization of the agricultural systems is witnessing a radical change in strategies leading to a highly advanced agricultural environment replacing the traditional approach. The current trends centering around the concept of urban farming is leading to the adoption of advanced agricultural analytical systems analysing the status and checkpoints with higher precision. Urban agriculture comprises of the recent trends involving the participation of people in growing food in a small space such as community plots or rooftop gardens has spread worldwide largely with increasing consumer preferences for organic and fresh food focusing on availing nutritious and healthy food crops.
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Urban farming proposes a significant number of benefits with the respect to food cultivation and environmental concerns boosting the demand for advanced analytical systems. Urban farming armed with data analytics and AI infuses and escalated amount of productivity to the urban farmers by achieving improved efficiency and maximizing the limited space. The concerns regarding limited arable land is imposing immense pressure on conventional farmers to keep up with the rising demand thus the agriculture analytics market is witnessing a surge in demand owing to the higher acceptance rate of urban farming. The global agriculture analytics market size is anticipated to reach USD 2,149 million by 2028.
Big data analytics and sensors also enable the conventional farming methodology to keep a check on the livestock thus transforming the care system of the livestock. Livestock and herds are highly susceptible to infections and illnesses with most being contagious disrupting the life quality, life span and overall agricultural performance. Use of IoT sensors and gadgets have transformed the approach to address such issues for instance, they successfully monitor fertility, identify the infestation or sickness incurred by any of the animals and others. Some sensors are also used to routinely identify the health of cows, breeding season, menstrual phase and others. Such as broad range of utility offered by the sensors and gadgets is expected to augment the growth of the agriculture analytics market.
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North America being on the top of the big data analytics and IoT market also rules the agriculture analytics market with prevalence of large farms fully equipped with technologically advanced machines and equipments and software solutions contributing largest market share. Asia Pacific is expected to project profitable growth rate over the forecast period with increasing opportunities owing to the developing agricultural industry coupled with increasing investments encouraging the adoption of big data analytics and IoT in regular agricultural tasks providing the availability of cloud-based solutions.
The major players of the global agriculture analytics market are Deere & Company, IBM, SAP SE, Monsanto Company, Oracle, Trimble, Accenture, Iteris, Agribotix, Agrivi, DTN, Taranis, aWhere Inc., Conservis Corporation, Farmer's Business Network, DeLaval, Farmers Edge, GEOSYS, Granular, and more.
Segment Overview of Global Agriculture Analytics Market
Component Overview, 2018-2028 (USD Billion)
• Solution
• Services
Deployment Overview, 2018-2028 (USD Billion)
• On-premise
• Cloud
Application Overview, 2018-2028 (USD Billion)
• Aquaculture Analytics
• Farm Analytics
• Livestock Analytics
• Others
Regional Overview, 2018-2025 (USD Billion)
• North America
o U.S.
o Canada
• Europe
o UK
o Germany
o France
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Rest of Asia-Pacific
• Middle East and Africa
o UAE
o South Africa
o Rest of Middle East and Africa
• South America
o Brazil
o Rest of South America
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