There were 1,621 press releases posted in the last 24 hours and 414,111 in the last 365 days.

$1.23 Billion Agriculture Analytics Market - Global Forecast to 2023: Growing Adoption of IoT and Smart Technologies to Enable Precision Agriculture

Dublin, Jan. 24, 2019 (GLOBE NEWSWIRE) -- 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.

Livestock analytics segment to grow at the highest CAGR during the forecast period

Agriculture analytics solution and services help livestock producers make better decisions by acquiring real-time information about animals and improve various livestock management processes, such as feeding management, heat stress management, milk harvesting, breed management, behavior monitoring and management, calf management, genetic management, and cattle sorting. Livestock analytics involves using different devices, such as RFID, GPS, feeding systems, farm management systems, robotic milking machines, and other software technology solutions, to improve farm production.

Large farms segment to hold the largest market size during the forecast period

Technological advancements and growing focus to follow modern farming practices have made farmers and growers implement advanced agriculture analytics solution. Large farm producers have the capital to invest in innovative technologies as compared to small and medium-sized farm producers, which allow them to develop a well-equipped next-generation agricultural infrastructure. Agriculture analytics solution implemented on the agriculture infrastructure help farmers make informed decisions, such as which crops to plant for their next harvest, soil health, water availability, and predictions on rainfall.

Asia Pacific (APAC) to record the highest growth rate during the forecast period

APAC is expected to grow at the highest CAGR during the forecast period, due to the increasing demand for agriculture analytics solution and services. Major APAC economies, such as China, Australia, New Zealand, India, and Israel, provide huge opportunities for vendors of agriculture analytics solution and services in the region. Meanwhile, North America is projected to hold the largest market size during the forecast period.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities in the Agriculture Analytics Market
4.2 Agriculture Analytics Market: Top 3 Application Areas and Regions (2018)
4.3 Agriculture Analytics Market: Major Countries

5 Market Dynamics
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Government Initiatives to Deploy Modern Agricultural Techniques
5.2.1.2 Unpredictable Climate Changes and Environmental Factors
5.2.1.3 Rising Pressure to Meet the Global Demand for Food
5.2.2 Restraints
5.2.2.1 High Capital Investment
5.2.2.2 Fragmented Agriculture Industry
5.2.3 Opportunities
5.2.3.1 Increasing Adoption of AI and Predictive Analytics to Improve the Yield
5.2.3.2 Growing Adoption of IoT and Smart Technologies to Enable Precision Agriculture
5.2.4 Challenges
5.2.4.1 Lack of Standardization for Data Management and Data Aggregation in Agriculture Industry
5.2.4.2 Lack of Technical Know-How Among Farmers
5.3 Industry Trends
5.3.1 Use Case 1: Agribotix
5.3.2 Use Case 2: Agrivi
5.3.3 Use Case 3: Sentera

6 Agriculture Analytics Market, By Application Area
6.1 Introduction
6.2 Farm Analytics
6.2.1 Planning
6.2.1.1 Field Mapping
6.2.1.2 Crop Scouting
6.2.1.3 Weather Data Analytics
6.2.1.4 Soil Moisture Analysis
6.2.2 Farm Production
6.2.2.1 Irrigation and Water Management
6.2.2.2 Fertilizer Management
6.2.2.3 Crop Growth and Health
6.2.2.4 Farm Labor Management
6.2.2.5 Yield Monitoring
6.2.3 Post-Harvest Activities
6.2.3.1 Storage
6.2.3.2 Processing
6.2.3.3 Transport
6.2.3.4 Market Access
6.3 Livestock Analytics
6.3.1 Feeding Management
6.3.1.1 Growing Focus of Producers to Monitor Food Intake of Livestocks is Driving the Growth of Feeding Management Segment
6.3.2 Heat Stress Management
6.3.2.1 Need to Reduce Heat Stress Level of Cattle is Driving the Demand for Heat Stress Management Segment
6.3.3 Milk Harvesting
6.3.3.1 Growing Focus of Producers to Manage Various Activities of Milk Parlor is Driving the Demand for Milk Harvesting Segment
6.3.4 Breeding Management
6.3.4.1 Increasing Focus of Livestock Producers to Improve Animal Productivity is Driving the Demand for Breeding Management Segment
6.3.5 Behavior Monitoring and Management
6.3.5.1 Increasing Focus of Livestock Producers to Monitor Animal Behavior is Driving the Demand for Behaviour Monitoring and Management Segment
6.3.6 Others
6.4 Aquaculture Analytics
6.4.1 Fish Tracking and Fleet Navigation
6.4.1.1 Need to Improve the Productivity of Fish Farms is Driving the Demand for Fish Tracking and Fleet Navigation Segment
6.4.2 Feed Management
6.4.2.1 Need to Improve Optimal Nutrients and Feed Intake of Aquatic Animals is Driving the Demand for Feed Management Segment
6.4.3 Water Quality Management
6.4.3.1 Increasing Focus of Aqua Farmers to Maintain Water Quality is Driving the Demand for Water Quality Management Segment
6.4.4 Others
6.5 Others

7 Agriculture Analytics Market, By Component
7.1 Introduction
7.2 Solution
7.2.1 Growing Need for Agribusinesses to Effectively Analyze Critical Data in Real-Time and Make Timely Operational Decisions Driving the Adoption of Agriculture Analytics Solution
7.3 Services
7.3.1 Professional Services
7.3.1.1 Integration and Implementation
7.3.1.1.1 Growing Focus of Farmers to Reduce the Complexities Occurred While Deploying Agriculture Analytics Solution is Driving the Growth of Integration and Implementation Services in Agriculture Analytics Market
7.3.1.2 Consulting
7.3.1.2.1 Increasing Demand of Farmers to Improve Land Cultivation With the Help of Experts Advice is Driving the Growth of Consulting Services in Agriculture Analytics Market
7.3.1.3 Support and Maintenance
7.3.1.3.1 Need to Upkeep System Performance With Routine Infrastructure Maintenance is Driving the Growth of Support and Maintenance Services in Agriculture Analytics Market
7.3.1.4 Training and Education
7.3.1.4.1 Growing Focus of Farmers to Follow Best Farming Practices and Improve Food and Livestock Production is Driving the Growth of Training and Education Services in Agriculture Analytics Market
7.3.2 Managed Services
7.3.2.1 Increasing Labor Shortage and Growing Need to Outsource Field-Related Operations Driving the Growth of Managed Services

8 Agriculture Analytics Market, By Deployment Type
8.1 Introduction
8.2 Cloud
8.2.1 Factors Such as Scalability and Cost-Effectiveness to Drive the Adoption of Cloud-Based Agriculture Analytics Solution
8.3 On-Premises
8.3.1 Data Security Concerns Among End Users to Drive the Adoption of On-Premises Agriculture Analytics Solution

9 Agriculture Analytics Market, By Farm Size
9.1 Introduction
9.2 Small and Medium-Sized Farms
9.2.1 Need for Cost-Effective Analytics Solutions Which Enhance Farm Productivity to Drive the Growth of Agriculture Analytics Solutions in Small and Medium-Sized Farms
9.3 Large Farms
9.3.1 Real-Time Farm Data Management to Increase the Adoption of Agriculture Analytics Solutions in Large Farms

10 Agriculture Analytics Market, By Region
10.1 Introduction
10.2 North America
10.2.1 United States
10.2.1.1 Data Driven Methodology for Managing and Increasing Crop Production to Drive the Growth of the Agriculture Analytics Market
10.2.2 Canada
10.2.2.1 Implementation of Advanced Technologies to Monitor Livestock is Fueling the Growth of the Agriculture Analytics Market
10.3 Europe
10.3.1 Germany
10.3.1.1 Developed Communication Infrastructure to Propel the Growth of the Agriculture Analytics Market
10.3.2 United Kingdom
10.3.2.1 Automation of Agriculture Process to Increase the Adoption of Agriculture Analytics Solution
10.3.3 Rest of Europe
10.4 Asia Pacific
10.4.1 Australia and New Zealand
10.4.1.1 Agricultural Committees and Organizations to Motivate Farmers to Adopt Digital Agriculture Technologies
10.4.2 China
10.4.2.1 Rapid Development of Connected Agricultural Equipment to Fuel the Growth of Agriculture Analytics Market
10.4.3 Rest of Asia Pacific
10.5 Middle East and Africa
10.5.1 Kingdom of Saudi Arabia
10.5.1.1 Increasing Investment in the Development of Aquaculture Application to Drive the Growth of the Agriculture Analytics Market
10.5.2 South Africa
10.5.2.1 Government Initiatives to Boost the Agriculture Analytics Market
10.5.3 Rest of Middle East and Africa
10.6 Latin America
10.6.1 Brazil
10.6.1.1 Adoption of Modern Agriculture Techniques to Utilize Natural Water Resource to Contribute A Significant Share in the Agriculture Analytics Market
10.6.2 Mexico
10.6.2.1 Growing Digital Transformation in the Country to Boost the Market Growth
10.6.3 Rest of Latin America

11 Competitive Landscape
11.1 Overview
11.2 Competitive Scenario
11.2.1 Product/Service/Solution Launches and Enhancements
11.2.2 Business Expansions
11.2.3 Acquisitions
11.2.4 Partnerships, Agreement, and Collaborations

12 Company Profiles
12.1 Introduction
12.2 Deere & Company
12.3 IBM
12.4 Monsanto Company
12.5 SAP
12.6 Trimble
12.7 Accenture
12.8 Delaval
12.9 Iteris
12.10 Oracle
12.11 Agribotix
12.12 Agrivi
12.13 Agvue Technologies
12.14 Awhere
12.15 Conservis Corporation
12.16 DTN
12.17 Farmers Business Network
12.18 Farmers Edge
12.19 Geosys
12.20 Granular
12.21 Gro Intelligence
12.22 Precisionhawk
12.23 Proagrica
12.24 Resson
12.25 Taranis
12.26 Stesalit

For more information about this report visit https://www.researchandmarkets.com/research/42qv69/1_23_billion?w=12

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

CONTACT: ResearchAndMarkets.com
         Laura Wood, Senior Press Manager
         press@researchandmarkets.com
         For E.S.T Office Hours Call 1-917-300-0470
         For U.S./CAN Toll Free Call 1-800-526-8630
         For GMT Office Hours Call +353-1-416-8900
Related Topics: Agriculture

22157.jpg