The global agriculture analytics market, valued at $813.23 million in 2020, is anticipated to grow to $2,170.47 million by 2028, with a compound annual growth rate (CAGR) of 12.84% from 2021 to 2028. This substantial growth is driven by a range of macro and microeconomic factors. Technological Advancements in agriculture technology, including the integration of Internet of Things (IoT) devices, artificial intelligence (AI), and machine learning, are enhancing the capabilities of agriculture analytics. These technologies facilitate better data collection, analysis, and decision-making, improving farm productivity and efficiency. Increasing Demand for Precision Farming is a significant driver. Farmers are increasingly adopting data-driven strategies to optimize their operations, manage resources more effectively, and boost crop yields. Precision farming relies heavily on analytics to provide insights into soil health, crop performance, and weather patterns.
The latest research report by Evolve Business Intelligence explores the various factors influencing the global market. It includes an analysis of the current market size, forecasts for key segments and regions, and the driving forces behind market growth. The report examines the potential impacts of key trends on business strategies and provides a SWOT analysis of critical sectors for each major competitor and customer group. This valuable data highlights the conglomerates likely to impact the industry, crucial for any company planning to invest strategically over the next five years. These insights complement our initial quantitative study, aiding in new investments and strategic planning to mitigate threats in existing sectors.
Segments covered
By Component (Solution, Services)
By Application (Farm analytics, Livestock analytics, Others)
Key players
Deere & Company
IBM
SAP SE
Trimble
Monsanto
Oracle
Accenture
Iteris
Taranis
Agribotix
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