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The agriculture analytics market is expected to reach $2.27 billion by 2027, growing at a CAGR of 17.5% during the forecast period of 2020 to 2027.
The growth of this market is mainly attributed to the rising adoption of advanced analytics, data-driven decision-making techniques, and growing digitalization in the agriculture industry.
In 2020, based on component, the solutions segment is expected to account for the largest share of the agriculture analytics market. The large share of this segment is mainly attributed to the growing demand for high-quality food products that enable farmers to solve modern analytics techniques and approach traditional problems in modern ways.
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The global agriculture analytics market size is projected to grow from USD 0.8 billion in 2020 to USD 1.4 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 12.2% during the forecast period.
Unlock the potential of urban farming, and growing trend of digitization and risk assessment would drive the adoption of agriculture analytics solutions. Rising demand to improve agricultural supply chain management due to COVID-19 pandemic, are also expected to drive the market growth. However, lack of standardization practices is one of the factors hindering the market growth. The objective of the report is to define, describe, and forecast the agriculture analytics market size based on component, application areas, farm size, deployment mode, and region.
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ResearchAndMarkets.com s offering.
The global agriculture analytics market size is projected to grow from USD 0.8 billion in 2020 to USD 1.4 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 12.2% during the forecast period. Unlock the potential of urban farming, and growing trend of digitization and risk assessment would drive the adoption of agriculture analytics solutions. Rising demand to improve agricultural supply chain management due to COVID-19 pandemic, are also expected to drive the market growth. However, lack of standardization practices is one of the factors hindering the market growth. The objective of the report is to define, describe, and forecast the agriculture analytics market size based on component, application areas, farm size, deployment mode, and region.