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Irrigation Controllers Market Worth $2 66 Billion by 2028 -- Exclusive Report by Meticulous Research®
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Agriculture Analytics Market Expected At $2.27 Bn By 2027: Study
Asia-Pacific region is expected to see rapid growth, driven by rapidly developing economies, disposable incomes, infra development, govt initiatives
Representational Image May 15, 2021
The agriculture analytics market is expected to reach $2.27 billion by 2027, at a CAGR of 17.5% during the forecast period of 2020 to 2027, a new study has claimed.
The market research report Agriculture Analytics Market by Component (Solutions, Services), Application (Farm, Livestock, Aquaculture, and Others), Deployment (Cloud, On-premise), Farm Size (Small and Medium-sized Farms, Large Farms), and Region - Forecast to 2027 was published by Meticulous Research®.
The rise in population with an increase in demand for high-quality food products is a major factor influencing the growth of the agriculture analytics market.
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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.