Aug 21, 2023

The global agriculture analytics market is projected to grow from USD 1.38 billion in 2023 to USD 2.53 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 13.1% during the forecast period. Farmers and growers are the primary end-users of agriculture analytics. They benefit from analytics by gaining insights into crop performance, soil health, pest and disease management, irrigation scheduling, and yield optimization. The services segment is expected to grow at a higher CAGR during the forecast period The agriculture analytics services market has been segmented into professional services and managed services. The professional services segment has been further segmented into training and consulting, system integration and implementation, and support and maintenance. Agriculture analytics services offer a comprehensive and data-driven approach to optimize and enhance various aspects of the agricultural industry. These services utilize advanced technologies and analytical tools to collect, process, and analyze vast amounts of data from multiple sources, including weather patterns, soil conditions, crop health, and market trends. The Large Farms segment is expected to hold the highest market size during the forecast period The adoption of agriculture analytics solutions in large farms is said to be high, as compared to the small and medium-sized farms. This is due to the affordability and high economies of scale that allows the large farms to leverage the benefits of agricultural solutions. Farms with the size of more than 1,000 hectares are categorized under the large farms segment. Producers having large farms leave no stone unturned to compete in the cut-throat competitive world; hence, they spend significant amounts on becoming technologically versed. Asia-Pacific is the fastest growing region in the agriculture analytics market APAC is expected to grow at the highest CAGR during the forecast period, due to the increase in demand for agriculture analytics solution and services. Growing economies in countries such as China, Australia and New Zealand, India, and Israel provide huge opportunities for the adoption of the agriculture analytics solution and services in APAC region. Meanwhile, North America is projected to hold the largest market size during the forecast period. Competitive landscape Major vendors in the global agriculture analytics market include Deere & Company (US), IBM (US), Bayer Ag (Germany), SAP (Germany), Trimble (US), Accenture (Ireland), ABACO (Italy), DeLaval (Sweden), Oracle (US), DTN (US), Farmers Edge (Canada), SAS Institute (US), Iteris (US), PrecisionHawk (US), Conservis (US), Stesalit Systems (India), Agribotix (US), Agrivi (UK), Granular (US), FBN (US), Gro Intelligence (US), Resson (Canada), AgVue Technologies (US), Taranis (US), CropX (Israel), Trace Genomics (US), Fasal (India), AgEye Technologies (US), HelioPas AI (Germany), OneSoil (Switzerland), Root AI and AgShift (US). Premium Insights Agriculture Analytics Market to Witness Minor Decline in Y-O-Y Growth in 2023 Precision Farming Segment to Hold Highest Market Share During Forecast Period North America to Account for Highest Market Share in 2023 Precision Farming and Farmers Segments Estimated to Secure Maximum Market Share in 2023 Market Dynamics Bunge Runs Sophisticated Analysis to Improve Activities Using IBM GIS Mapping Software Delaval Helps Abis Dairy Farm to Improve Animal Welfare and Work Efficiency Nestle Uses Agrivi 360 Agriculture Supply Chain Platform for Complete Traceability Throughout Chain Veggitech and Agrivi Brings Agronomy into Modern World Wyman Increases Productivity with Conservis Sproule Farms Increases Efficiency and Profitability with Conservis Agropecuaria Canoa Mirim S/A Improves Profitability and Productivity by Optimizing Fertilizer Use MFA Streamlines Standardization Across Organization by Implementing Proagrica's Solutions Onesoil Yield Assists Smart Farming in Improving Performance Woodhall Growers Achieves Accuracy and Flexibility with AG Leader's Solution De Bortoli Wines Saves 15-20% on Input Costs with Agworld's Solutions Company Portfolio: