- Solutions
- Services
Agriculture Analytics Market size was valued at USD 5,837.5 million in 2023 and is projected to grow at a CAGR of 8.3% from 2024-2030. The market has some significant factors, adoption of precision agriculture, integration of IoT and smart sensors, growth of big data analytics in farming, use of AI and machine learning for predictive analytics, and development of advanced crop management tools due to the growing Improving 5G mobile networks with next-generation satellite capabilities, along with rising mobility demand and deeper mobile integration, are the main factors propelling the market's expansion. Expansion of smart farming technologies, increased investment in agricultural R&D, growth in demand for sustainable farming solutions, development of mobile and cloud-based analytics solutions, and rising adoption of remote sensing technologies factors, many small-scale farmers find it difficult to justify these investments due to uncertain returns on investment.
Many rural areas, where agriculture is predominant, suffer from limited internet connectivity and infrastructure. This hampers the deployment and effectiveness of cloud-based analytics software. Also, farmers’ concerns about data privacy and the security of their agricultural data may limit adoption. The high costs of advanced technologies, data privacy and security concerns, lack of skilled professionals, integration challenges with existing systems, and variability in data quality and availability might be unaffordable for farms that are small to medium-sized. Concerns about data security and privacy are particularly problematic because private agricultural data must be shielded from hacking.
Furthermore, there is a dearth of qualified experts who can use and comprehend sophisticated analytics technologies with efficiency. It can be challenging to integrate with current systems, which could cause operational disruptions. Finally, variations in the availability and quality of data might compromise the efficacy of analytics solutions, affecting their accuracy and dependability
Study Period
2024-2030Base Year
2023CAGR
8.3%Largest Market
North AmericaFastest Growing Market
Asia Pacific
The market for agricultural analytics market is Growing food demand to drive the adoption of agriculture analytics technology for better field management, and increasing trends of vertical or urban farming to boost agriculture analytics market growth. Using cutting-edge technology like big data, artificial intelligence, cloud computing, and the Internet of Things, agriculture analytics manages and automates farming activities like crops, fields, livestock, and others. Modern farming techniques are becoming more and more popular due to the growing demand for food. The UN predicts that by 2050, there will be 9.8 billion people on the earth. The population is growing at a rate of two times faster than the potential food supply. As such, it is expected that the agriculture sector would use agro-analytics technology to address the issues in the future.
The presence of viable alternatives in the market can have an important impact on market structure and competition. For example, the industry may face more competition and pricing pressure if competing technologies or platforms with comparable analytical capabilities grow and develop. Furthermore, the market share of current analytics solutions may be impacted by the adoption of alternative services, which could have an impact on the growth paths of established providers. The existence of feasible alternatives could also stimulate creativity and force businesses to improve their products to keep a competitive advantage in the constantly evolving agriculture analytics market.
By Component
By Application
Geography
The agriculture analytics market size was valued at USD 5,837.5 million in 2023 and is expected to grow at a CAGR of 8.3% from 2024-2030
The agriculture analytics market is Growing food demand to drive the adoption of agriculture analytics technology for better field management and increasing trends of vertical or urban farming to boost agriculture analytics market growth.
ntegration of AI and ML, blockchain for supply-chain transparency, cloud-based analytics, data-driven sustainability practices, and real-time analytics with IoT are the trends in the market.
AGCO Corporation, Bayer, Corteva Agriscience, DeLaval, SAP SE, Taranis, and Trimble are the leading players in the Market.
Asia-Pacific is the fastest-growing region in the agriculture analytics market.
1.Executive Summary |
2.Global Agriculture Analytics Market Introduction |
2.1.Global Agriculture Analytics Market - Taxonomy |
2.2.Global Agriculture Analytics Market - Definitions |
2.2.1.Component |
2.2.2.Application |
2.2.3.Region |
3.Global Agriculture Analytics Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Product Landscape |
3.6. New Product Launches |
3.7. Impact of COVID 19 on Market |
4.Global Agriculture Analytics Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5.Global Agriculture Analytics Market By Component, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
5.1. Solutions |
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Services |
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
6.Global Agriculture Analytics Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
6.1. Farm Analytics |
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Livestock Analytics |
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
6.3. Aquaculture Analytics |
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.3.3. Market Opportunity Analysis |
7.Global Agriculture Analytics Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
7.1. North America |
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Europe |
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Asia Pacific (APAC) |
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
7.4. Middle East and Africa (MEA) |
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.4.3. Market Opportunity Analysis |
7.5. Latin America |
7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.5.3. Market Opportunity Analysis |
8.North America Agriculture Analytics Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
8.1. Component Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
8.1.1.Solutions |
8.1.2.Services |
8.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
8.2.1.Farm Analytics |
8.2.2.Livestock Analytics |
8.2.3.Aquaculture Analytics |
8.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
8.3.1.United States of America (USA) |
8.3.2.Canada |
9.Europe Agriculture Analytics Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
9.1. Component Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.1.1.Solutions |
9.1.2.Services |
9.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.2.1.Farm Analytics |
9.2.2.Livestock Analytics |
9.2.3.Aquaculture Analytics |
9.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.3.1.Germany |
9.3.2.France |
9.3.3.Italy |
9.3.4.United Kingdom (UK) |
9.3.5.Spain |
10.Asia Pacific (APAC) Agriculture Analytics Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
10.1. Component Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.1.1.Solutions |
10.1.2.Services |
10.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.2.1.Farm Analytics |
10.2.2.Livestock Analytics |
10.2.3.Aquaculture Analytics |
10.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.3.1.China |
10.3.2.India |
10.3.3.Australia and New Zealand (ANZ) |
10.3.4.Japan |
10.3.5.Rest of APAC |
11.Middle East and Africa (MEA) Agriculture Analytics Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
11.1. Component Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.1.1.Solutions |
11.1.2.Services |
11.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.2.1.Farm Analytics |
11.2.2.Livestock Analytics |
11.2.3.Aquaculture Analytics |
11.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.3.1.GCC Countries |
11.3.2.South Africa |
11.3.3.Rest of MEA |
12.Latin America Agriculture Analytics Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
12.1. Component Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.1.1.Solutions |
12.1.2.Services |
12.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.2.1.Farm Analytics |
12.2.2.Livestock Analytics |
12.2.3.Aquaculture Analytics |
12.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.3.1.Brazil |
12.3.2.Mexico |
12.3.3.Rest of LA |
13. Competition Landscape |
13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
13.2.1.IBMA |
13.2.2.Trimble |
13.2.3.Monsanto |
13.2.4.Oracle |
13.2.5.Accenture |
13.2.6.Taranis |
13.2.7.SAP SE |
13.2.8.Granular |
13.2.9.AGCO Corporation |
13.2.10.Bayer |
13.2.11.Corteva Agriscience |
13.2.12.DeLaval |
14. Research Methodology |
15. Appendix and Abbreviations |