Agriculture Analytics Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

The application of technologies and big data analytics is still untapped in the field of agriculture. The analytics provide real-time insights that can be used by farmers as inputs to optimize their farming performance according to the various weather events or disease outbreaks. The introduction of big data analytics in agriculture has led to precision farming, therefore saving time and resources of the farmers along with improved yield..

MARKET SCOPE

The "Global Agriculture Analytics Market Analysis to 2031" is a specialized and in-depth study of the technology, media and telecommunication industry with a special focus on the global market trend analysis. The report aims to provide an overview of the agriculture analytics market with detailed market segmentation by component, deployment, application, farm size and geography. The report provides key statistics on the market status of the leading agriculture analytics market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on component, the global agriculture analytics market is segmented into solution, services
  
•   On the basis of deployment, the market is segmented into cloud, on-premises
  
•   Based on application, the market is bifurcated into livestock analytics, aquaculture analytics, farm analytics
  
•   Based on farm size, the market is bifurcated into small and medium farms, large farms
  

MARKET DYNAMICS

Drivers:

•   Increased adoption of urban farming.
  
•   Growing trend of digitization and risk assessments.
  

Restraints:

•   High cost of gathering precise field data
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The agriculture analytics market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the agriculture analytics market in these regions.

IMPACT OF COVID-19 ON AGRICULTURE ANALYTICS MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS

The report covers key developments in the agriculture analytics market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from agriculture analytics market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the agriculture analytics market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Accenture
  
•   Deere and Company
  
•   Agrivi
  
•   IBM Corp.
  
•   Iteris, Inc.
  
•   Monsanto Company
  
•   Oracle
  
•   PrecisionHawk
  
•   SAP SE
  
•   Trimble Inc.
  
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Agriculture Analytics Report Scope