PUBLISHER: Polaris Market Research | PRODUCT CODE: 1651991
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1651991
The agriculture analytics market size is expected to reach USD 25.50 billion by 2034, according to a new study by Polaris Market Research. The report "Agriculture Analytics Market Size, Share, Trends, Industry Analysis Report: By Offering (Solutions and Services), Agriculture Type, Farm Size, Technology, End Users, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa); Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The agriculture analytics market refers to the use of data analysis tools and technologies to optimize farming practices, enhance crop yields, and improve decision-making through insights from weather, soil, and crop data. The adoption of AI and Machine Learning (ML) is a major agriculture analytics market trend. These technologies enable the automation and optimization of farming processes. AI and ML algorithms can analyze large datasets to predict crop yields, identify diseases, and recommend actions to improve crop management. This leads to more precise decision-making, reducing resource usage and maximizing productivity. The integration of AI and ML provides valuable insights that drive precision agriculture practices as farmers seek ways to enhance efficiency and minimize risks.
Precision agriculture for sustainability is a growing trend within the agriculture analytics market, as it focuses on optimizing farming practices to reduce environmental impact. Precision farming allows for the precise application of water, fertilizers, and pesticides, minimizing waste and enhancing crop yields by using data from sensors, drones, and satellite imagery. This approach improves efficiency and supports sustainable practices by conserving resources and reducing carbon footprints, aligning with the increasing global emphasis on environmental sustainability in agriculture.
In terms of end users, the farmers segment led the agriculture analytics market in 2024, driven by their growing dependence on data-driven insights for precision farming.
The remote sensing and satellite imagery segment is anticipated to experience the fastest growth, owing to its ability to deliver accurate, large-scale, and real-time data.
North America maintained dominance in the agriculture analytics market in 2024, with farmers and agribusinesses increasingly adopting data-driven strategies to optimize their operations.
Asia Pacific is projected to see the fastest growth during the forecast period, fueled by the rapid adoption of advanced farming technologies, growing agricultural demands, and rising population.
A few global key market players include Deere & Company; IBM; Bayer AG; SAP; Trimble Inc.; Accenture; Oracle; Farmers Edge Inc.; SAS Institute Inc.; and Iteris, Inc.
Polaris Market Research has segmented the agriculture analytics market report on the basis of offering, agriculture type, farm size, technology, end users, and region: