Absolute Markets Insights has recently announced the addition of new statistical data titled as, Agriculture Analytics Market to its intensifying repository, which helps to make informative decisions in the businesses. It highlights the existing scenario of recent businesses along with historical records to get crucial information. This research report has been aggregated on the basis of static and dynamic aspects of the businesses. Primary and secondary research methodologies have been used to analyze the target data effectively.
Additionally, it also uses some significant techniques such as SWOT and Porter’s Five analysis to examine the data effectively. To take a strong business outlook in different global regions such as North America, Latin America, Europe, Asia-Pacific, and India have been examined on the basis of profit margin and investments.
Leading key players such as IBM Corporation, Deere & Company, SAP SE, Trimble Inc., Accenture, Monsanto Company, Oracle, Taranis, and Iteris, Inc. have been mentioned along with the feedback from various industry experts to improve the performance of existing businesses. Some internal and external factors have been included, which are responsible for driving or restraining the market.
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Global Agriculture Analytics Market was valued at US$ 576.32 million in 2020 and is expected to reach US$ 1676.9 million by 2030, growing at an estimated CAGR of 12.6% over the forecast period.
In terms of application, the agriculture analytics market has been segmented as farm analytics, livestock analytics and aquaculture analytics. The livestock analytics application segment is expected to project the highest CAGR during the forecast period. The application section of livestock analytics involves feeding management, heat stress management, dairy harvesting, breeding management, tracking and management of behaviors, and others (calf management, genetic management, and cattle sorting). Various daily tasks performed in livestock farming generate large volumes of critical animal data. Any mismanagement in the diet or animal tracking may lead in significant loss to farmers. Farmers are therefore investing in analytical solutions that assist them to manage their livestock cycle for the manufacturing of quality.
In agriculture analytics market, it is anticipated that North America will hold the biggest share from 2022 to 2030 and dominate this industry. The region has mostly large ranches with top tier cultivating apparatus, which contributes altogether to the advancement of the market. APAC is anticipated to provide profitable possibilities for agriculture analytics suppliers due to growing investment in digital farming methods and cloud-based solutions among farmers in the region. Inability to institutionalize data in various territories, notwithstanding, could impact the usage of an answer for agrarian examination.
Segmentation of Agriculture Analytics Market
By Application Area
- Farm Analytics
- Livestock Analytics
- Aquaculture Analytics
By Farm Size
- Medium Sized
- North America
- Asia Pacific
- Middle East and Africa
- Latin America
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