Agriculture analytics refer as the analytics which can safeguards the risk against the climate uncertainty and thus it reduces crop losses by providing the reliable information of agricultural. The systematic deployment of agriculture analytics services enables to get real-time access to information such as rainfall and other weather conditions for the end-users. Also due to the rising adoption of machine learning technique, advanced data analytics and drone analytics there is significant contribution towards the market growth
According to AMA, the market for Agriculture Analytics is expected to register a CAGR of 15.7% during the forecast period to 2026. This growth is primarily driven by Increase in the need for improving the farm productivity and farming operations associated with it, Increase in the demand for specialised digital agriculture service providers, that can offer services associated with cloud-based analytics and shortage of labour availability.
Globally, a noticeable market trend is evident Emergence of data analytics in agriculture
. The Technology sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Deere & Company (United States), IBM (United States), SAP SE (Germany), Trimble (United States), Monsanto Company (United States), Oracle (United States), Accenture (Ireland), Iteris (United States), Taranis (Israel), Agribotix (United States), Agrivi (United Kingdom), DTN (United States), aWhere Inc. (United States), Conservis Corporation (United States), DeLaval (Sweden), Farmerís Business Network (United States), Farmers Edge (United States), GEOSYS (United States), Granular (United States) and Gro Intelligence (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
Deere & Company (NYSE: DE) has signed a definitive agreement to acquire King Agro, a privately-held manufacturer of carbon fiber technology products with headquarters in Valencia, Spain and a production facility in Campana, Argentina.
After much anticipation and countless hours of product development, John Deere unveils three powerful and productive L-Series utility wheel loaders. The 524L, 544L and 624L offer customers an intuitive solution, ideal for projects that require agility and versatility on the job site or farm
- Increase in the need for improving the farm productivity and farming operations associated with it
- Increase in the demand for specialised digital agriculture service providers, that can offer services associated with cloud-based analytics
- shortage of labour availability
- Emergence of data analytics in agriculture
- Advances in agriculture infrastructure
- Global adoption of the on-premises agriculture analytics
- High deployment cost
- Expensive analytic software
- Lack of awareness about the advantages of agriculture analytics
- Fragmented nature of agriculture industry
Linguistic approach in analysis and Rising adoption of IoT and smart technologies to enable the precision agriculture
High investment required for adopting agriculture analytics solutions, Lack of Standardisation in agriculture industry related to the data management and data aggregation and Lacking in the of Technicality of Know-How among the farmers
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Agriculture Analytics Study Sheds Light on
The Agriculture Analytics Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Agriculture Analytics industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Agriculture Analytics industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.