Agriculture Analytics Market Size, Share, Growth Analysis, By Components(Solutions and services), By Deployment mode(Cloud and on premises), By Application(Farm analytics, Livestock analytics, Aquaculture analytics), By Farm size(Large and small/Medium), By Region - Industry Forecast 2024-2031

Agriculture Analytics Market size was valued at USD 0.973 billion in 2019 and is poised to grow from USD 1.1 billion in 2023 to USD 2.9 billion by 2031, growing at a CAGR of 12.7% in the forecast period (2024-2031).

Big data, artificial intelligence, cloud computing, and the internet of things are just a few of the cutting-edge technologies being used to manage and automate farming processes including managing crops, fields, livestock, and more. The adoption of cutting-edge solutions in the farming industries is being driven by the rising global need for food. Future food demand will more than double as a result of the population’s rapid expansion. Therefore, the agriculture business is anticipated to meet the problems of the future with the implementation of agro analytics technology.

Arable land is becoming less and less accessible. The agricultural land is being severely impacted by factors such as population growth, urbanisation, water scarcity, and climate change. Companies and the government are encouraging the implementation of urban farming and vertical farming to handle the rising food demand. The demand for agriculture analytics solutions is being driven by the use of buildings and waste land to organise vertical columns for crop yields. The system also provides alerts and insights on a variety of topics, including soil condition, field planning, breeding management, and irrigation management. This lessens damage and aids in growing crops of good quality.

US Agriculture Analytics Market is poised to grow at a sustainable CAGR for the next forecast year.