The global agriculture analytics market size is expected to rise to USD 1,836 million by 2027 from USD 585 million in 2018 and registering at a Compound Annual Growth Rate (CAGR) of 16.2% over the projected period.
Smart farming is an essential of agriculture analytics, which is the innovative application of science and technology over agriculture. The accessibility of technologies like Big Data, IoT, and other analytics tools in the agricultural field is referred as agriculture analytics. Government initiatives for implementing modern agricultural techniques are relevant factor that drives growth of the agriculture analytics market. Moreover, enactment of the agriculture analytics and growth of the agriculture analytics market is boosted by increasing persuasion for satisfying the rising demand for food globally along with the requirement for enhancing productivity from farms.
Feeding management, heat stress management, milk harvesting, breed management, behaviour checking and management, and others (calf management, genetic management, and cattle sorting) are the segments of the livestock analytics application. The livestock agriculture comprises of diverse task performed everyday, which provoke large volumes of captious data about the animal. Vital loss for farmers may arise due to any sort of miss-management in the diet or tracking of the animals. Therefore, for administration of livestock process for quality production, farmers are infusing funds in analytics solutions.
The prominent players offering agriculture analytics solution and services globally are Deere & Company (US), IBM (US), SAP SE (Germany), Trimble (US), Monsanto Company (US), Oracle (US), Accenture (Ireland), Iteris (US), Taranis (Israel), Agribotix (US), Agrivi (UK), DTN (US), aWhere Inc. (US), Conservis Corporation (US), DeLaval (Sweden), Farmer's Business Network (US), Farmers Edge (US), GEOSYS (US), Granular (US), Gro Intelligence (US), Proagrica (UK), PrecisionHawk (US), RESSON (Canada), Stesalit Systems (India), and AgVue Technologies (US).
The agriculture analytics market is classified based on region into five parts such as North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The global agriculture analytics market is estimated to be dominated by North America during the forecast period. The rising acceptance of the advanced farming equipment is the reason behind this growth and is foreseeable to boost the growth of the global agriculture analytics market. Nevertheless, Asia Pacific is anticipated to facilitate several booming opportunities for growth of the agriculture analytics market.
On the basis of component, the market has been segmented as follows:
On the basis of application areas, the market has been segmented as follows:
• Farm analytics
• Livestock analytics
• Aquaculture analytics
• Others (Orchid, Forestry, and Horticulture)
On the basis of farm size, the agriculture analytics market has been segmented as follows:
• Large Farms
• Small and Medium-Sized Farms
On the basis of deployment types, the agriculture analytics market has been segmented as follows:
On the basis of regions, the market has been segmented as follows:
• North America
o Rest of Europe
o Australia and New Zealand (ANZ)
o Rest of APAC
o Kingdom of Saudi Arabia (KSA)
o South Africa
o Rest of MEA
• Latin America
o Rest of Latin America
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