DUBLIN--(BUSINESS WIRE)--The "Agriculture Analytics Market by Application Area (Farm Analytics, Livestock Analytics, and Aquaculture Analytics), Component (Solution and Services), Farm Size (Small, Medium Sized, and Large), Deployment Type, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
Increasing adoption of advanced analytics to improve the yield and deal with unpredictable climate changes and environmental factors to drive the agriculture analytics market
The global agriculture analytics market size is expected to grow from USD 585 million in 2018 to USD 1,236 million by 2023, at a Compound Annual Growth Rate (CAGR) of 16.2% during the forecast period.
The agriculture analytics market's major growth factors are rising pressure to meet the global demand for food and increasing government initiatives to deploy modern agricultural techniques. However, high capital investments to deploy agriculture analytics solution and services can hinder the growth of the market.
Market Dynamics
Drivers
- Increasing Government Initiatives to Deploy Modern Agricultural Techniques
- Unpredictable Climate Changes and Environmental Factors
- Rising Pressure to Meet the Global Demand for Food
Restraints
- High Capital Investment
- Fragmented Agriculture Industry
Opportunities
- Increasing Adoption of AI and Predictive Analytics to Improve the Yield
- Growing Adoption of IoT and Smart Technologies to Enable Precision Agriculture
Challenges
- Lack of Standardization for Data Management and Data Aggregation in Agriculture Industry
- Lack of Technical Know-How Among Farmers
Industry Trends
- Use Case 1: Agribotix
- Use Case 2: Agrivi
- Use Case 3: Sentera
Companies Mentioned
- Accenture
- Agribotix
- Agrivi
- Agvue Technologies
- Awhere
- Conservis Corporation
- Deere & Company
- Delaval
- DTN
- Farmers Business Network
- Farmers Edge
- Geosys
- Granular
- Gro Intelligence
- IBM
- Iteris
- Monsanto Company
- Oracle
- Precisionhawk
- Proagrica
- Resson
- SAP
- Stesalit
- Taranis
- Trimble
For more information about this report visit https://www.researchandmarkets.com/research/fvxkvh/agriculture?w=4
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