According to a new report, published by KBV research, The Global Agriculture Analytics Market size is expected to reach $3.4 billion by 2030, rising at a market growth of 13.1% CAGR during the forecast period.
The Services segment would witness a CAGR of 15.3% during (2023 - 2030). Agriculture analytics services provide a comprehensive, data-driven strategy for optimizing and enhancing multiple facets of the agricultural industry. These services acquire, process, and analyze immense quantities of data from multiple sources, such as weather patterns, soil conditions, agricultural health, and market trends, using sophisticated technologies and analytical tools.
The Precision Farming segment is leading the Global Agriculture Analytics Market by Agriculture Type in 2022; thereby, achieving a market value of $1.2 billion by 2030. The segment's development is attributable to the pervasive adoption of AI technologies in precision agriculture. Moreover, the current state of food producers places a premium on precision agriculture and automation in food production, with analytics driving the advancements.
The Agronomists segment would register a CAGR of 12.8% during (2023 - 2030). Professionals who focus on the science and practice of crop production and soil management are known as agronomists. They play a crucial role in agriculture analytics, utilizing data to enhance farming practices, maximize yields, and ensure the sustainability of agricultural systems. Agronomists collaborate closely with producers, advising them on various aspects of crop production.
The Large Farms segment acquired maximum revenue in the Global Agriculture Analytics Market by Farm Size in 2022; thereby, achieving a market value of $2.5 billion by 2030. Compared to small and medium-sized farms, large farms are reportedly more likely to implement agriculture analytics solutions. This is due to the low cost and high economies of scale that enable large farms to capitalize on the advantages of agricultural solutions. The segment of major farms consists of properties with an area greater than one thousand hectares.
The Geographic Information System segment is registering a CAGR of 12.7% during (2023 - 2030). Geographic information systems (GIS) are extremely valuable in agriculture for a number of reasons, including the ability to quickly collect and analyze agricultural data. Utilizing GIS in agriculture permits producers to map field data, organize and analyze it, and remotely monitor crops. Modern agriculture now encompasses the entire planet, not just domestic farmlands.
The North America region dominated the Global Agriculture Analytics Market by Region in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $1.2 billion by 2030. The Europe market is poised to grow at a CAGR of 12.9% during (2023 - 2030). Additionally, The Asia Pacific market would witness a CAGR of 14.1% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/agriculture-analytics-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of IBM Corporation, SAP SE, Oracle Corporation, Accenture PLC, SAS Institute, Inc., Tetra Laval International S.A. (DeLaval), Deere & Company, Bayer AG, Iteris, Inc. and Trimble, Inc.
By Offering
By Agriculture Type
By End User
By Farm Size
By Technology
By Geography
Companies Profiled
Unique Offerings 
