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The Rise of Agriculture Analytics Market: A $2.5 billion Industry Dominated by Tech Giants - Deere & Company, Bayer Ag and IBM| MarketsandMarkets™
Chicago, Aug. 05, 2024 (GLOBE NEWSWIRE) -- The global Agriculture Analytics Market size is expected to grow from USD 1.4 billion in 2023 to USD 2.5 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 13.1%, according to a new report by MarketsandMarkets™. Agriculture has prevailed since the dawn of human civilization as a society. It had always been a labor-intensive task to rear crops and animals. Farming has undergone a lot of changes with regard to methods, tools, and machinery. A lot of research and development has been done to bring agriculture to the present stage, and it is still in the phase of continuous improvement.
Browse in-depth TOC on "Agriculture Analytics Market"
342 - Tables 54 - Figures 318 - Pages
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Agriculture Analytics Market Dynamics:
Drivers:
Increasing size and complexity of farms
Rising need for optimal resource utilization
Enhancing sustainability and reducing environmental impact
Applying Big Data in farming
Restraints:
High costs associated with data collection and analysis.
Data privacy and security concerns
Opportunities:
Technological advancements such as IoT, AI, and ML
Prospect of public-private collaborations to advance use of agriculture analytics
List of Top Companies in Agriculture Analytics Market:
Deere & Company(US)
IBM(US)
Bayer Ag (Germany)
SAP(Germany)
Trimble(US)
Accenture(Ireland)
ABACO(Italy)
DeLaval(Sweden)
Oracle(US)
DTN(US)
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The report segments the agriculture analytics ...