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Global Agriculture Analytics Market Outlook 2018 & 2019-2027: Rising Government Initiatives to Set Up Modern Agricultural Techniques

DUBLIN, Nov. 28, 2019 /PRNewswire/ -- The "Agriculture Analytics - Global Market Outlook (2018-2027)" report has been added to ResearchAndMarkets.com's offering. The Global Agriculture Analytics Market accounted for $590.03 million in 2018 and is expected to reach $2,461.65 million by 2027 growing at a CAGR of 17.2% during the forecast period. Rising government initiatives to set up modern agricultural techniques and growing need for livestock management are the factors driving the market growth. However, the high capital investment may hinder market growth.

The Agricultural sector is moving towards data-driven transformations. Farmers and traders are moving towards technological advancements, adopting data analytics and smart farming technologies. Agriculture analytics is the adoption of technologies such as Big Data, IoT, and other analytics tools in the agricultural field. It enables farmers to make data-based decisions like which crops to plant for their next harvest.

By Component, Solution segment is constantly enhancing during the forecast period which is attributed to the expanding requirement for agribusiness to effectively analyze critical farm-related data for better decision-making.
Based on geography, North America is likely to have a huge demand owing to the presence of a number of large farms with best-in-class farming equipment.What the report offers:
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