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Agriculture Analytics Market Share

Report ID: GMI9930
Published Date: Jun 2024
Report Format: PDF

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Agriculture Analytics Market Share

Bayer and Corteva Agriscience dominate the market with around 6% market share. AGCO has been actively integrating precision farming technologies and analytics into its equipment to enable farmers to optimize their operations. The company's precision agriculture software includes data-driven tools for field mapping, variable rate technology, and yield monitoring systems. These analytics tools help farmers make informed decisions regarding seeding rates, fertilizer applications, and crop health management.

Corteva Agriscience has a strong emphasis on digital agriculture. It offers a range of analytics tools and platforms aimed at improving farm management practices. The company's digital software includes predictive analytics for crop planning, weather forecasting tools, and field monitoring systems. Corteva integrates data from various sources to deliver actionable insights that help farmers optimize inputs and enhance yield potential.

Agriculture Analytics Market Companies

Major players operating in the agriculture analytics industry are:

AGCO Corporation
Bayer
Corteva Agriscience
DeLaval
SAP SE
Taranis
Trimble

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

Global industry size for agriculture analytics was valued at USD 2.3 billion in 2023 and is anticipated to register over 10% CAGR between 2024 and 2032 due to the increasing environmental and sustainability concerns to mitigate climate change and the rising demand for food security due to population growth.

The software segment in the agriculture analytics market held 73% revenue share in 2023, driven by offering platforms for data management, predictive analytics, and farm management.

North America market held 32% revenue share in 2023 driven by technological advancements, government initiatives, and the need for sustainable and efficient farming practices.

AGCO Corporation, Bayer, Corteva Agriscience, DeLaval, SAP SE, Taranis and Trimble.