Global Agriculture Analytics Market Status, Trends and COVID-19 Impact Report 2021, Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Agriculture Analytics market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Digital Evidence Management market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region.
The global agriculture analytics market size was US$ 0.9 billion in 2021. The global agriculture analytics market is forecast to grow to US$ 1.8 billion by 2030 by registering a compound annual growth rate (CAGR) of 14.1% during the forecast period from 2022 to 2030.
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Factors Influencing the Market
Urban farming is gaining significant traction due to the unavailability of efficient lands for farming practices. Thus, it is the primary factor driving the growth of the global agriculture analytics market. Further,
Growing climate changes will negatively affect agricultural production. Thus, it will surge the demand for urban agriculture. In addition to that, the rising global population will also contribute to the growth of the market. For instance, according to the United Nations forecasts, the world’s population count is expected to grow to nearly 9.7 billion by 2050. Thus, it will offer potential opportunities for the global agriculture analytics market.
The rising involvement of Big Data in farming to gain insights for better crop yield results will boost the growth of the agriculture analytics market. For example, AgroTools, a Brazilian company, is using the Google Cloud platform for analyzing massive databases of satellite images. Prominent technology providers like IBM are also boosting the growth of the agriculture analytics market. In addition to that, SmartRural, a European start-up, unveiled its location intelligence platform using IBM Cloud. More advancements in the industry will be opportunistic for the global agricultural analytics market throughout the forecast period.
COVID-19 Impact Analysis
The COVID-19 crisis has affected the entire agricultural industry, disrupting the overall workflow. Food safety recalls, customer demand, and sustainability efforts have all increased scrutiny in agricultural production. According to the Global Food Traceability Center (GFTC), the need for agricultural product traceability has steadily increased as a result of the pandemic. This will aid in the deployment of advanced data-driven tools like artificial intelligence, machine learning, and other advanced data analytics tools to assist stakeholders throughout the supply chain.
Market participants are also assisting crop growers by providing smart tools to offset COVID19 related losses. For example, Locus Agricultural Solutions announced in April 2020 that it would donate its climate-smart technology to crop growers in order to promote regenerative agriculture practices. Thus, such investments have been beneficial for the global agricultural analytics market.
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Regional Analysis
North America is forecast to dominate the global agricultural analytics market in terms of revenue. It is owing to the presence of prominent countries like the United States and Canada. Furthermore, the presence of large farmhouses requiring the best agricultural equipment will benefit the agricultural analytics market. In addition, increasing advancements in digital agriculture practices will escalate the industry’s growth. Apart from that, cloud-based alternatives among farmers in the area will prompt the growth of the global agricultural analytics market during the study period.
Competitors in the Market
? Deere & Company
? Taranis
? AgEagle
? Teejet Technologies
? The Climate Corporation
? Trimble
? AGCO Corporation
? AgJunction
? Raven Industries
? AG Leader
? Topcon Positioning Systems
? Descartes Labs
? ec2ce
? Prospera Technologies
? Autonomous Tractor Corporation
? Other Prominent Players
Market Segmentation
The global agricultural analytics market segmentation focuses on Components, Application Areas, Farm Size, Deployment Mode, and Region.
On the basis of component
? Solution
? Services
On the basis of application areas
? Farm analytics
? Livestock analytics
? Aquaculture analytics
? Others (Orchid, Forestry, and Horticulture)
On the basis of farm size
? Large Farms
? Small and Medium-Sized Farms
? On the basis of deployment modes
? Cloud
? On-premises
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On the basis of region
�?� North America
o The U.S.
o Canada
o Mexico
�?� Europe
Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
�?� Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
�?� Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
�?� South America
o Brazil
o Argentina
o Rest of South America
What is the goal of the report?
? The market report presents the estimated size of the market at the end of the forecast period. The report also examines historical and current market sizes.
? During the forecast period, the report analyzes the growth rate, market size, and market valuation.
? The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets.
? The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance
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