Agricultural analysis is a technology used in the agricultural sector that provides useful information to optimize agricultural operations. Farmers can make smart farming decisions using this information throughout the production cycle, from planning to planting, harvesting and marketing. Agricultural Analysis provides tremendous data and reporting on agriculture by collecting thousands of images of field crops and uses sensors and analytics to minimize crop deterioration and foodborne illness. Analytics provides a platform for farmers to optimize agricultural performance based on weather conditions leading to improved crop yields.

Investment in this market is increasing globally as the introduction of this automated technology in agriculture has led to precision agriculture, which has saved farmers time and resources.

The agricultural analysis market is expected to experience a substantial increase in the growth rate as well as a steady increase in its CAGR until 2030 due to the rise of government initiatives to deploy improved agricultural methods.

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Key growth factors:

The increasing pressure to meet the global demand for food products due to the increase in population and the need to improve crop yields is accelerating the growth of the agricultural analysis market. The awareness of health and well-being further adds its contribution to the growing demand as this technology helps prevent foodborne illness and improves productivity.

The initiatives taken by the government around the world in the form of awareness programs and aids such as the provision of loans, grants, incentives, etc. to farmers for the introduction of smart agricultural technologies increase the growth of this market.

Facilitating agricultural operations by adopting this technology prompts farmers as well as manufacturers to introduce agricultural analysis into their operations. This technology allows farmers to optimize their operations for changing weather conditions, reduce crop infections, avoid wasted resources and improve crop yields.

Main constraints:

The high initial cost is a major constraint for this market. Farmers need to make significant investments in global positioning systems, drones, GIS, etc. to collect data from GPS devices. The covid 19 pandemic has disrupted the progress of this market globally due to restrictions in import and export activities, closure of production centers and transportation barriers. Farmers are going through an acute financial crisis resulting in further decline in market growth.

Impact of COVID-19:

The pandemic has had a negative influence on the global agricultural analysis market. Several industrial players are facing its disastrous consequences. Lockdown, social distancing, trade barriers, transportation limitations, closure of production centers, etc. have created a decline in the advancement of the agricultural analysis market. Farmers around the world are suffering from a financial crisis resulting in reduced adoption of these technologies. Since the relaxation of import-export activities, transport, the opening of production centers, etc. were granted by the government, the market sees little progress on a daily basis. Market players are trying to regain their previous position by adopting organic and inorganic strategies in their operations. According to analysts, the agricultural analysis market will experience a steady increase in its growth rate even during the pandemic due to the growing awareness of the health, sanitation and well-being of people as well as government initiatives to adopt smart technologies globally.

Regional forecasts:

The agricultural analysis market is currently going through an expansion phase with increasing demand from the agricultural sector. North America is expected to experience a steady increase in the growth of its market during the forecast period. Government initiatives for smart agriculture in the United States, Mexico and Canada create significant opportunities for North American market players to expand their business globally. According to the analysis, the United States will continue to be one of the world’s leading markets for agricultural analysis.

On the other hand, Asia-Pacific is expected to be the second largest market due to the extraordinary efforts of the government in India and China. The Indian government is actively focusing on encouraging farmers to adopt advanced agricultural equipment and techniques that propel market growth in Asia-Pacific. The government provides grants, incentives and loans to farmers at zero interest rates in India. The increasing investments of manufacturers in agricultural analysis in China and Japan further lead to the growing growth of the market.

In addition, the growing need to maintain healthy agricultural performance in Germany, France, Italy and Spain is accelerating market growth in Europe. Europe is expected to reach the third place in the world in this market due to a number of factors such as increased food demand, rise of government initiatives, awareness of healthy agricultural performance, adoption of the latest technologies, increased investment in agricultural automation, etc.

The Middle East and Africa are expected to experience the fastest growth in CAGR through 2030 due to increasing pressure to meet global food demand, the need to improve crop yields and the adoption of modern agricultural practices.

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Market segmentation:

By deployment modes:

By component:

By application:

• Farm analysis
• Livestock analysis
• Aquaculture analysis
• Others[orchidforestryhorticulture)[orchidforestryhorticulture)[orchidéesylviculturehorticulture)[orchidforestryhorticulture)

By farm size:

• Large farms
• Small farms
• Medium farms

By region:

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America

Competitive landscape:

The global agricultural analysis market is highly fragmented. Some of the major vendors in this market are Deere & Company, IBM Corporation, SAP SE Company, Accenture Incorporation, HelioPas AI Corporation, AgVueTechnologies, Conservis Corporation, Gro Intelligence Corporation, Farmers Edge Corporation, Trimble, Monsanto, Agribotix Technologies, Proagrica, Precision Hawk , Stesalit Systems, AGEYE Technologies, Agrivi Corporation, RESSON Incorporation, Fasal Company, Onesoil Corporation, Root AI, etc.

The major players in this market are introducing new varieties of products, making upgrades, innovations and improvisations in their existing products and services and constantly focusing on expansions, joint ventures as well as collaborations with other companies to fight growing competition. Trimble Corporation introduced a new entry-level Trimble Ag Software subscription known as Farmer Core to enable farmers to connect all aspects of their farming operations leading to the facilitation of farming operations and expansion of presence on the market. In addition to Trimble Corporation, Deere and Company has released updated software to improve the automation, functionality, documentation and security of Generation 4 4600. This updated software, namely 19-1 Software, has Provided a high level of automation activation enabling the enterprise machine synchronization harvest functionality. on Generation 4 for tractors. This allowed the company to gain significant market share.

Key questions and answers

What is the size of the global agricultural analysis market?

The agricultural analysis market is worth 700 million USD. The increasing use of analytics in agriculture is likely to lead growth at a CAGR of over 14% through 2030.

What is the biggest market for agricultural analysis?

The United States is the largest market for agricultural analysis. In agrarian economies like China and India, the potential for agricultural analysis is significant

Where are the market opportunities concentrated?

The market opportunity is concentrated in the livestock category, as a colossal amount of data is generated daily

How are SMEs adopting ariculture analysis?

The penetration of agricultural analysis is quite low at the moment among SMEs. The advances made previously have been beset by the turnaround induced by COVID-19.

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