Agriculture Analytics Market projected to reach USD 4.92 billion by 2032 due to tech advancements.

From GlobeNewswire: 2025-01-16 09:00:00

The Agriculture Analytics Market was valued at USD 2.36 Billion in 2023, projected to reach USD 4.92 Billion by 2032, with a CAGR of 8.55%. Technologies like IoT and AI are driving sustainable farming and boosting productivity by providing real-time insights for farmers to maximize resource efficiency and yields. Precision agriculture solutions are reducing waste and environmental impacts, revolutionizing farming practices globally.

In 2023, the Solution segment dominated the agriculture analytics market, accounting for 57% of revenue, offering farmers immediate insights into crop vitality and climatic trends. The Service segment is expected to witness a CAGR of 9.60% from 2024 to 2032, driven by the need for professional advice and cloud-oriented analytics. Precision farming leads the market, focusing on resource optimization and sustainability.

Precision farming accounted for 49% of total revenue in 2023, emphasizing resource optimization and sustainability through technologies like IoT sensors and data analytics. Livestock farming is projected to grow at a CAGR of 10.91% from 2024 to 2032, driven by real-time animal health monitoring and breeding optimization. Advances in animal tracking and health diagnostics are enhancing productivity and animal welfare.

North America led the agriculture analytics market in 2023, accounting for 43% of total revenue due to early adoption of advanced technologies. Asia Pacific is experiencing the fastest growth, driven by increasing adoption of agriculture analytics solutions. The market is expanding globally, with a focus on sustainable farming practices and enhanced productivity. The agriculture analytics market in North America is thriving due to strong infrastructure, ag-tech innovation, and government support. Meanwhile, the Asia Pacific region is expected to see rapid growth, driven by a demand for efficient food production. Key developments include John Deere’s autonomous tractor and IBM’s AI tools for farmers.

In 2024, IBM showcased AI tools for climate adaptation in farming, while John Deere introduced an autonomous tractor. Olam Agri and SAP partnered to optimize supply chains with AI. The Asia Pacific region is set to grow rapidly, driven by demand for efficient food production in the face of resource scarcity and climate change.

The agriculture analytics market is experiencing significant growth, with North America leading the way in innovation and government support. The Asia Pacific region is projected to see the fastest growth, driven by the need for modern farming solutions to tackle challenges like resource scarcity and climate change. Key developments include John Deere’s autonomous tractor and IBM’s AI tools for farmers.

The agriculture analytics market is set for substantial growth, with North America’s strong infrastructure and ag-tech innovation leading the way. The Asia Pacific region is projected to experience rapid growth, driven by a rising demand for efficient food production due to an expanding population. Key developments include John Deere’s autonomous tractor and IBM’s climate-adapting AI tools for farmers.



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