The global market for agriculture analytics is projected to expand at 11.71% CAGR during the forecast period, to reach 1.5 billion by 2026. The geographic analysis of the agriculture analytics market has been conducted in North America, Europe, Asia-Pacific, the Middle East Africa, and South America.
North America is likely to be the dominant regional market due to the faster adoption of innovative technologies in developed countries in the region—the US and Canada. The US accounted for the largest market share in the region, followed by Canada and Mexico. This growth can be attributed to the favorable government initiatives to encourage the adoption of agriculture analytics techniques across various industries. The main factor driving the Agriculture Analytics Industry in this region is the strong presence of key industry players offering agriculture analytics solutions.
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The European market has been segmented into the UK, Germany, France, and the rest of Europe. In terms of market size, Europe is expected to be the second-largest regional market. The UK is projected to be the leading country-level market in the region, while Germany is projected to register the highest growth during the review period. A growing number of agriculture analytics start-ups in the region are boosting the adoption of agriculture analytics to improve agricultural production.
Asia-Pacific is projected to register the fastest growth rate over the forecast period, with the regional market being segmented into China, Japan, India, and the rest of Asia-Pacific. This share can be attributed to the increasing investments in developing and implementing various agriculture analytics techniques. Furthermore, the increasing government and research institute initiatives in the region to develop agriculture analytics technology are likely to drive the growth of the market in Asia-Pacific.
The markets in the Middle East Africa and South America have started adopting these technologies only recently. Numerous government initiatives have been introduced in developing countries to encourage the implementation of modern precision farming technologies, thereby maximizing productivity.
The global agriculture analytics market has been segmented based on component, farm size, deployment, application, and region.
Based on component, the agriculture analytics market has been segmented into solution and services.
Based on farm size, the agriculture analytics market has been segmented into large farms and small and medium-sized farms.
Based on deployment modes, the agriculture analytics market has been segmented into cloud and on-premises.
Based on application, the agriculture analytics market has been segmented into farm analytics, livestock analytics, aquaculture analytics, and others. Furthermore, the others segment is subdivided into orchid, forestry, and horticulture.
The key players of the global agriculture analytics market are Deere Company (US), IBM (US), SAP SE (Germany), Trimble (US), Monsanto (US), Oracle (US), Accenture (Ireland), Iteris (US), Taranis (Israel), Agribotix (US), Agrivi (UK), DTN (US), aWhere (US), Conservis Corporation (US), DeLaval (Sweden), FBN (US), Farmers Edge (US), GEOSYS (US), Granular (US), Gro Intelligence (US), Proagrica (UK), PrecisionHawk (US), RESSON (Canada), Stesalit Systems (India), AgVue Technologies (US), Fasal (India), AGEYE Technologies (US), HelioPas AI (Baden-Württemberg), OneSoil (Belarus), and Root AI (US).
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Agriculture Analytics Market Research Report: Information by Technology (Hall Effect, Magneto Resistive, Variable Reluctance), By Application (Automotive, Industrial, Aerospace Defense, Consumer Electronics) and Region (North America, Europe, Asia-Pacific, Middle East Africa, and South America)—Forecast till 2030
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