Agriculture Analytics Market

Agriculture Analytics Market Overview:
Agriculture Analytics Market has been valued $ 0.8 billion in the year 2021 and it is estimated to reach $1.4 billion by the year 2026, with a CAGR of 12.2% from 2021 to 2026. Agriculture Analytics Market is increasing its demand due to the increasing specialised digital agriculture services, developing need for enhancing farm productiveness & farming operations, rising stress to meet international demand for food, and authorities’ initiatives for deploying cutting-edge agricultural techniques are the major factors to have a huge growth in the Agriculture Analytics Market. Increase in the population and rise in the demand for the good quality food is a major factor influencing the growth of the agriculture analytics market.

Agriculture Analytics Market Drivers and Restrains:
Demand for food production has been developing for many years which encourage farmers and growers to expand their crop manufacturing in the quantity of time. Increasing the adoption of smart technologies to enable precision agriculture and raising the AI and predictive analytics to improve the yield are the major factors influencing the growth of the agriculture analytics market. The main challenges to improve the growth of agriculture analytics market is lack of standardisation for data management and data aggregation in the agriculture industry. The major drawback in the agriculture industry is the high cost of gathering precise field data. Agriculture industry requires high initial investments for technology, efficient farming tools, and skilled farmers, thereby making the farmers knowing about the using of this technology for gathering precise field data. For gathering precise field data it requires GPS technology-enabled devices like drowns driverless tractors for navigation and mapping applications they are expensive and high investments.

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https://www.marketdataforecast.com/market-reports/agriculture-analytics-market

Report is segmented as:
Agriculture Analytics Market is segmented Based on by application area, Component, Farm size
* Agriculture Analytics market is segmented on the basis of By Application Area Farm Analytics, Livestock Analytics, and Aquaculture Analytics
* Agriculture Analytics market is segmented on the basis of Component into Solution and Services
* Agriculture Analytics market is segmented on the basis of Farm Size into Small, Medium Sized, and Large

Geographical Segmentation:
Agriculture Analytics market is divided in the groundwork of regional evaluation into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. North America region is expected to witness rapid growth during the forecast period due to developing economies, increasing disposable incomes, and rapid infrastructure development, raising number of government initiatives, and the growing sense of responsibility towards the environment are the major factor influencing the growth of the agriculture analytics market in the North America region. Coming to Asia-Pacific is majorly raising the demand for quality food and shrinking arable land, followed by Europe, Asia-Pacific, Latin America, and the Middle East and Africa.

Impact of COVID-19 on Agriculture Analytics market:
Covid -19 pandemic has affected their business in every sector and the agricultural and related industries have been severely impacted by the situation. The spread of corona virus the government has implemented the lockdown in several countries many industries are shutdown and decline in import-export of goods. Due to lockdown transportation between countries might have a drastic effect on regions such as Africa who rely heavily on agricultural imports