WASHINGTON, Dec. 09, 2021 (GLOBE NEWSWIRE) -- Vantage Market Research have published a new research report titled “Agricultural Analytics Market by Size (Large Farms, Small And Medium-Sized Farms, On The Basis Of Component (Solution, Services), by Deployment Modes (Cloud, On-Premises), by Application Areas (Farm Analytics, Livestock Analytics, Aquaculture Analytics, Others (Orchid, Forestry, And Horticulture) by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028).” report has been added to VantageMarketResearch.com offering.
“According to the latest research study, the demand of global agricultural analytics Market size & share expected to reach to USD 3.12 Billion by 2028 from USD 1.23 Billion in 2020, at a compound annual growth rate (CAGR) of 12.72% during the forecast period 2021 to 2028”
The market surge is attributed to the factors such as risk assessment, ability to unlock the potentials of urban farming, and changing trend towards digitization. Correspondingly, the burden on research and development (R&D) is increasing swiftly regarding the increasing demand for global food supply. This is owing to the rising population all over the world; thus, these are some of the major factors which is anticipated to drive the market over the forecast period.
The Report on Agricultural Analytics Market Highlights:
Assessment of the market
COVID Impact Analysis
Historic Data, Estimates and Forecast
Global and Regional Dynamics
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Our Free Sample Reports Includes:
In-depth Industry Analysis, Introduction, Overview, and COVID-19 Pandemic Outbreak.
Impact Analysis 170+ Pages Research Report (Including latest research)
Provide chapter-wise guidance on request 2020 Updated Regional Analysis with Graphical Representation of Trends, Size, & Share, Includes Updated List of figures and tables.
Updated Report Includes Major Market Players with their Sales Volume, Business Strategy and Revenue Analysis by using VMR research methodology.
(Please note that the sample of this report has been updated to include the COVID-19 impact study prior to delivery.)
Increase in Adoption of Modern Technology in Agriculture
The global agricultural analytics market growth is attributed to several benefits offered by using the advanced technology. Also, the spending power of population is increasing along with growing economy which is further anticipated to propel the market growth. Illness in farm animals, unprecedented plant diseases on crops are some of common threats for farmers across the globe. Illness can blowout speedily in a herd of hundreds or thousands of farm animals and can infect much of those farm animals even before farmers realize the problem. Likewise, plant disease can also destroy the farm yield leading loss of farmers. Appreciatively, a number of IoT gadgets exist to prevent that issue and others. Also, using these gadgets the quality of soil, PH, fertilizers and others can be analysed which in turn prevents such factors to hamper.
Thus, increasing adoption of such technology, and also adoption of treads of urban farming is likely to drive the market over the forecast period.
Increase Demand for Global Food Supply
Since past few decades, number of populations is increasing tremendously leading to rise in demand for global food supply. This it is captivating the attention of the government and several key players. To meet this untapped demand for food supply and reduce the supply and demand gap; government have taken several initiatives whereas, several major key players are focusing on innovations and develop agricultural technology. These factors are anticipated to witness the market growth in near future over the forecast period of 2021-2028.
However, the high cost gathering accurate crop estimation data and lack of awareness of standardization may act as restraining factor for the market growth.
Important questions answered in this report:
What is the estimated market size and growth rate of the Agricultural Analytics Market?
Which segments are included in the Agricultural Analytics Market?
Which top companies are active in the Agricultural Analytics Market?
What are the major driving factors for the growth of the Agricultural Analytics Market?
How can I get free sample reports or study of Agricultural Analytics Market?
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List of Prominent Players in the Agricultural Analytics Market:
Deere & Company
Advantages of this Research:
Evaluate market share for commercial Agricultural Analytics market opportunities, track market size, competitive drug sales, synthesis insights for commercial development and licensing.
Develop tactics and strategies to take advantage of opportunities in the Agricultural Analytics market.
Latest Trends and Market Events and analyze essential events in Agricultural Analytics market.
Develop an in-depth knowledge of competition and analyze sales data to update your brand planning trackers.
Answer vital business questions; supports decision making in R&D to long term marketing strategies
Develop economic models, forecast models, and healthcare frameworks.
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North America to Rule the agricultural analytics Market
North America is projected to hold the major portion for agricultural analytics market. Though, Asia Pacific is anticipated to grow at fastest CAGR over the forecast period from 2021-2028. Well-built industries, huge investments in research and development, and adoption of advanced technology, are some of the factors witnessing the growth of the market in North America.
Asia Pacific is projected to grow at fastest CAGR owing to growing digitalization, increasing adoption of IoT, analytics, and Ai technology for real-time monitoring.
Recent Developments in the Industry:
In April 2020, International Business Machines Corporation (IBM), a Computer hardware company, released unique AI-powered technologies to aid the health and research community to increase speed of the discovery of medical insights and treatments for COVID-19.
In April 2020, SAP SE, German multinational software corporation established COVID-19 Emergency Fund of USD 3.4 million to support the urgent needs of the WHO, Centers for Disease Control and Prevention (CDC) Foundation, and smaller non-profits and social enterprises.
This report provides details about prevalence, incidence, distribution of patients, and average price of treatment, market & technological trends and new product developments of agricultural analytics market.
Expected CAGR Growth
CAGR of 12.72% from 2021 to 2028
Market Size 2020 Value
USD 1.23 Billion
Market Forecast for 2028
USD 3.21 Billion
2016 – 2019
2021 – 2028
On the basis of component, the agricultural analytics market is segmented into:
On the basis of application areas, the agricultural analytics market is segmented into:
On the basis of farm size, the agricultural analytics market is segmented into:
On the basis of deployment modes, the agricultural analytics market is segmented into:
Quantitative Data - Units
Revenue in USD Million/Billion and CAGR from 2021 to 2028
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
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Table of Content –
Chapter No. 1: Introduction
Objectives of the Study
USP & Key Offerings
Vantage Market Research Report Guidance/Walk-through
Chapter No. 2: Premium Insights
Top Investment Pockets
Market Attractiveness Analysis, By Product Type
Market Attractiveness Analysis, By
Market Attractiveness Analysis, By North America
Insights from Primary Respondents
Chapter No. 3: Key Market Dynamics
Porter’s Five Forces Analysis
Regional Market Trends
Value Chain Analysis
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