Agriculture Analytics Market Poised for Growth
The global agriculture analytics market is projected to reach $2.8 billion by 2030, expanding from $1.2 billion in 2022, driven by a compound annual growth rate of 11.5% between 2024-2031. This growth is fueled by the increasing adoption of data-driven practices to enhance farming efficiency, productivity, and sustainability.
Key market segments include solutions and services, with applications spanning farm, livestock, and aquaculture management. Deployment options range from cloud-based to on-premises systems, catering to both large and small/medium farms. Leading companies in this space are Trimble Inc., Bayer AG, and IBM Corporation, all focusing on innovation and market penetration.
Recent developments highlight this trend, including Agi3 Risk Services’ launch of an AI-powered crop insurance solution and PepsiCo’s $216 million investment in regenerative agriculture practices. The market is being analyzed across six major regions: North America, South America, Europe, Asia Pacific, the Middle East, and Africa. These advancements demonstrate a commitment to precision farming, yield prediction, resource optimization, and effective risk management within the agricultural sector.
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