Big Data in Agriculture Market size was valued at USD 718.3 million in 2022 and is expected to reach a value of USD 2,181.7 million by 2029, growing at a CAGR of 17.2% from 2023-2029. The global market provides a detailed overview of the big data in agriculture market and that can be segmented by solution, operation on data, application and end user. By solution, the big data in agriculture market has been segmented into hardware, software and services. The hardware segment is likely to be the largest and fastest-growing segment in terms of solution. Further services are segmented into support services, business services and others. Based on operation on data, the big data in agriculture market is segmented into capturing data, storing data, sharing data, analyzing data and others. Among these, the capturing data segment is expected to have the fastest-growing market during the forecast period 2022-2028. By application, the market is segmented into chemical analytics, weather analytics, financial analytics, administrative analytics, crop production analytics, social analytics, farmland/ equipment analytics and others. Chemical Analytics segment held considerable market share during estimated period. On the basis of end-users, the market is segregated into farmers, agriculture regulatory bodies, weather forecast, agrochemical industry, farm equipment industry and others. The farmers held considerable market share during the forecast period.
Fastest Growing Market
Some of the key factors fueling the market growth include growing need for optimal crop production, government supportive initiatives to adopt improved agricultural technology, and key players focusing on new technology and efforts to introduce new criteria which have resulted in significant cost savings in farming techniques.
The big data in agriculture market is projected to expand at a CAGR of 17.2% during the forecast period
The major players in the global big data in agriculture market are IBM Corporation (U.S.), Oracle Corporation (U.S.), Hewlett Packard Enterprise Development LP (U.S.), International Centre for Tropical Agriculture (Colombia) and NTT Data Corporation (Japan).
North America is the fastest-growing region for big data in agriculture market