Technology
Agriculture Analytics market is projected to grow by USD 1.23 Billion from 2024-2028, driven by AI and the rising global population’s food demand, redefining the market landscape- Technavio
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3 months agoon
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NEW YORK, Oct. 23, 2024 /PRNewswire/ — Report with market evolution powered by AI – The Global Agriculture Analytics Market size is estimated to grow by USD 1.23 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 12.97% during the forecast period. Rising global population boosting food demand is driving market growth, with a trend towards growing mergers and acquisitions in global agriculture analytics industry. However, high cost of implementing analytics in agriculture poses a challenge – Key market players include A.A.A Taranis Visual Ltd., Accenture Plc, AGCO Corp., AGEAGLE AERIAL SYSTEMS Inc., Agribotix, Bayer AG, Conservis Corp., Corteva Inc., Cropin Technology Solutions Pvt. Ltd., Deere and Co., Farmers Edge Inc., International Business Machines Corp., Iteris Inc., Microsoft Corp., Oracle Corp., PrecisionHawk Inc., SAP SE, Trimble Inc., Vistex, Inc., Wipro Ltd., and Xylem Inc..
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Agriculture Analytics Market Scope
Report Coverage
Details
Base year
2023
Historic period
2018 – 2022
Forecast period
2024-2028
Growth momentum & CAGR
Accelerate at a CAGR of 12.97%
Market growth 2024-2028
USD 1228.8 million
Market structure
Fragmented
YoY growth 2022-2023 (%)
12.61
Regional analysis
North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution
North America at 44%
Key countries
US, China, UK, Canada, and Japan
Key companies profiled
A.A.A Taranis Visual Ltd., Accenture Plc, AGCO Corp., AGEAGLE AERIAL SYSTEMS Inc., Agribotix, Bayer AG, Conservis Corp., Corteva Inc., Cropin Technology Solutions Pvt. Ltd., Deere and Co., Farmers Edge Inc., International Business Machines Corp., Iteris Inc., Microsoft Corp., Oracle Corp., PrecisionHawk Inc., SAP SE, Trimble Inc., Vistex, Inc., Wipro Ltd., and Xylem Inc.
Market Driver
The agriculture analytics market is witnessing an increase in mergers and acquisitions as companies aim to expand their capabilities and reach. Bayer AG launched a pilot program for a generative AI-powered virtual assistant to assist farmers with crop management, developed in collaboration with Ernst & Young and Microsoft. IBM partnered with The Climate Corporation to create an advanced agriculture analytics solution using IBM’s Watson IoT platform. Deere and Co. Partnered with Nutrien Ag Solutions to optimize logistics and streamline operations. SAP SE collaborated with DeHaat, an agricultural services provider in India, to offer end-to-end services using SAP’s cloud-based ERP solution. These collaborations will drive the growth of the global agriculture analytics market, integrating advanced technologies such as AI, machine learning, and IoT to improve farming outcomes.
Agriculture analytics is a growing market trend that leverages technology to improve farming efficiency and sustainability. Companies like Farmers Edge lead the way with innovative solutions for crop yield optimization, farm operations, and environmental factors analysis. Sustainability and food security are key drivers, with farmers utilizing weather data analytics for crop growth monitoring and irrigation management. Precision farming techniques, such as positioning systems, navigation satellite systems, drones, and artificial intelligence, are transforming large and medium-size farms. Infrastructure advancements like 5G mobile networks, satellite capabilities, and cloud computing enable real-time data access. Farmers are embracing smart farming practices, including field planning, livestock farming, and sustainable practices. The market is also witnessing the integration of IoT, AI, and vertical farming for crop management. Farm size, cloud deployment, on-premises deployment, data security, and digital agriculture are strategic activities shaping the future of agriculture analytics.
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Market Challenges
The global agriculture analytics market faces a significant challenge due to the high implementation cost. Advanced analytics integration requires substantial investments in technology and infrastructure, which is a barrier for many farmers and agribusinesses in developing regions. The cost breakdown for various types of smart farming apps is as follows: A simple farm management app, which includes record-keeping, basic analytics, and weather forecasts, costs between USD25,000 and USD65,000. A precision agriculture app with basic sensors, offering real-time data monitoring, basic sensor integration, and basic recommendations, has an estimated cost of USD10,000 to USD17,000. An advanced smart farming app with AI and automation, featuring AI-powered decision-making, automated irrigation, and advanced sensor integration, costs between USD20,000 and USD28,000. Maintenance and updates, which are essential for functionality, security, and user satisfaction, range from USD500 to USD2,000 per month or USD50 to USD100 per hour for developer support. Marketing and promotion, which are crucial for reaching the target audience and maximizing app visibility, require a budget for app store optimization, social media marketing, and targeted advertising. The high cost of implementing analytics in agriculture sectors will likely hinder the growth of the global agriculture analytics market during the forecast period.Agriculture analytics is a growing market that uses data and technology to improve farming efficiency and sustainability. Companies like Farmers Edge provide farmers with real-time insights on crop yield, weather data analytics, and crop growth monitoring. However, challenges exist, such as environmental factors, soil degradation, and climatic conditions. Precision farming techniques, including positioning systems, navigation satellite systems, and drones, help address these challenges. Farm size, infrastructure, and mobility demand also impact the adoption of agriculture analytics. Technologies like artificial intelligence, smart farming, and 5G mobile networks are driving innovation in agriculture analytics. Large and medium-size farms are increasingly adopting these solutions for field planning, irrigation management, and sustainable practices. Livestock farming and vertical farming are also benefiting from these advancements. Cloud computing, internet of things, and data security are essential considerations for agriculture analytics. Strategic activities like crop management, food demand, and infrastructure development are key drivers of growth in this market. Overall, agriculture analytics is transforming farming operations to increase farm output and ensure food security.
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Segment Overview
This agriculture analytics market report extensively covers market segmentation by
Type 1.1 Solutions1.2 ServicesApplication 2.1 Precision farming2.2 Livestock monitoring2.3 Aquaculture farming2.4 Vertical farming2.5 OthersGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa
1.1 Solutions- The Agriculture Analytics Market is a significant sector that utilizes data and technology to enhance farming practices. It provides farmers with valuable insights into crop yields, weather patterns, soil health, and market trends. By implementing these analytics, farmers can make informed decisions, increase productivity, and reduce costs. The market is expected to grow due to the increasing adoption of precision farming techniques and the availability of affordable data analysis tools.
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Research Analysis
The Agriculture Analytics Market is experiencing significant growth due to the integration of advanced technologies such as 5G mobile networks, satellite capabilities, and the Internet of Things (IoT). These technologies enable real-time data collection and analysis for various agricultural applications, including crop management, livestock farming, and aquaculture. The demand for mobility and food demand is driving the market, with artificial intelligence (AI) and cloud computing playing crucial roles in processing and analyzing large data sets. Vertical farming, precision farming, and land preparation are key areas of focus, with predictive models and positioning systems used to optimize farm operations and improve farm output. Weather data analytics and climatic conditions monitoring help farmers make informed decisions regarding crop growth and land preparation. Satellite capabilities and drones enable real-time monitoring of farm size and soil degradation, while cloud deployment and on-premises deployment offer flexibility in data storage and access. Data security is a critical concern, with digital agriculture solutions implementing advanced security measures to protect sensitive agricultural data. Navigation satellite systems and AI are used in livestock farming to optimize feeding, health monitoring, and breeding, while predictive models help farmers anticipate market trends and adjust production accordingly. Overall, the Agriculture Analytics Market is transforming the agricultural industry by providing farmers with valuable insights to increase efficiency, productivity, and profitability.
Market Research Overview
The Agriculture Analytics Market is experiencing significant growth due to various factors. The adoption of 5G mobile networks and satellite capabilities is enabling real-time data collection and analysis, meeting the mobility demands of farmers. Artificial Intelligence (AI), Cloud Computing, and the Internet of Things (IoT) are transforming agriculture by providing insights for crop management, farm size optimization, and farm output enhancement. Food demand continues to increase, driving the need for digital agriculture and sustainable practices. Vertical farming, precision farming, and livestock farming are gaining popularity, requiring advanced analytics for crop management, land preparation, and farm operations. Farmers Edge, focusing on digital agriculture, is a strategic activity to improve crop yield and efficiency. Sustainability and food security are essential factors, with AI-driven weather data analytics and crop growth monitoring essential for climate-smart farming. Cloud Deployment and On-Premises Deployment are options for data management, with data security a critical concern. Infrastructure development, including positioning systems, navigation satellite systems, drones, and infrastructure, is crucial for smart farming. Environmental factors, such as climatic conditions and soil degradation, are monitored for sustainable practices. Overall, the Agriculture Analytics Market is revolutionizing farming through advanced techniques and technologies.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
TypeSolutionsServicesApplicationPrecision FarmingLivestock MonitoringAquaculture FarmingVertical FarmingOthersGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio
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Equipboard Unveils Sleek Redesign to Enhance Music Gear Discovery for Musicians Worldwide
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Redesign Introduces Modern Features, Streamlined Navigation, and Richer Content to Inspire and Support Music Makers Globally
AUSTIN, Texas, Jan. 11, 2025 /PRNewswire-PRWeb/ — Equipboard, the leading online community for musicians and gear enthusiasts, announces the launch of its newly redesigned website. With a modern look, streamlined navigation, and powerful new features, the redesign sets a new standard for connecting artists, producers, and hobbyists with the tools they need to create music.
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Equipboard’s redesign is more than just a fresh coat of paint. It introduces a host of improvements aimed at elevating the way users explore, share, and connect over their favorite gear:
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Michael Pierce, Equipboard, 888-888-8888, contact@equipboard.com, https://equipboard.com/
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CES 2025: The Global Stage for Innovation, Connecting the World, Creating the Future
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January 11, 2025By
Where Technology Meets Humanity to Create Extraordinary Possibilities
LAS VEGAS, Jan. 10, 2025 /PRNewswire/ — CES® 2025, the most powerful tech event in the world, welcomed over 141,000 attendees from around the globe. With more than 4500 exhibitors, including 1400 startups, and more than 6000 media attendees, CES highlights the innovation and technology trends addressing global challenges and shaping the future.
“CES is where innovation comes to life,” said Gary Shapiro, CEO and Vice Chair, Consumer Technology Association (CTA)®, owner and producer of CES. “From the largest companies to trailblazing startups, the entire tech ecosystem is at the show. CES is the stage for groundbreaking product launches, transformative partnerships, and serendipitous business moments that define the future of technology.”
CES 2025 by the Numbers*
4500+ exhibitors, including 1400 startups141,000+ attendees, of which 40% were international from over 150 countries, regions, and territories6000+ global media, content creators, and industry analystsOver 60% of Fortune 500 companies300+ conference sessions with 1200+ speakers27,000+ news stories and content
*pre-audit figures
“From groundbreaking innovations that improve lives to transformative ideas that redefine industries, CES is a celebration of the art of the possible, showcasing how technology enriches our world and inspires a brighter future for all,” said Kinsey Fabrizio, President, CTA. “The evolution of CES has surged at this year’s show, where creativity, connectivity, and innovation inspire with visionary keynotes, thought-provoking conference sessions, and mind-blowing exhibits.”
As one of the most transparent trade shows, CES adheres to rigorous auditing standards established by UFI, The Global Association of the Exhibition Industry. To maintain the integrity of its reports, CES engages independent auditors, fostering trust among stakeholders.
“CES reaffirms its status as the largest audited annual business event,” said Fabrizio. “We look forward to releasing third-party confirmation in the spring, because at CTA we believe auditing is not just a nice-to-have, but the gold standard for global business events.”
Catch all the highlights and announcements from CES 2025 – including all conference programming—via CES YouTube and the CES Tech Talk Podcast. Watch the CES 2025 State of the Industry Address here.
CES 2025 Highlights
Artificial Intelligence – CES 2025 connected the dots between humanity and AI through powerful exhibits and programming. From AI-driven productivity tools to breakthroughs in medical advancements, products and services on the show floor demonstrated that artificial intelligence is not just a technology trend but a transformative force improving lives worldwide.
Exhibitors included: AMD, Hisense, LG, NVIDIA, Qualcomm, Samsung, Siemens, TCL
Digital Health – This year, CES 2025 saw tremendous energy at the Venetian where attendees witnessed the category’s seamless alignment with the smart living experience. CES has cemented itself as a premier convenor for the healthcare industry, bringing together trailblazers to explore biotechnology, telehealth, and wellness advancements that enhance patient care and longevity. Attendees celebrated the vibrant and dynamic environment that underscored how technology is transforming everyday life, particularly in health and wellness.
Exhibitors & Sponsors included: AARP, Abbott, Eyebot, FlowBeams, Lumia Health, OnMed, Panasonic, ResMed, Withings
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Quantum – CES 2025 featured the latest innovations in quantum technologies, offering a glimpse into the future. Quantum technology uses properties of quantum mechanics to enable three distinct disciplines: improved networking, computing, and sensing. Innovations at the show demonstrated how quantum computing, working alongside AI, will allow for breakthroughs in research and computing for finance, chemistry, materials, logistics, and more.
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Conference Programming
CES 2025 offered more than 300 conference sessions, exploring how tech solves some of the world’s greatest challenges.
C Space – C Space at ARIA brought together thousands of senior-level marketing professionals to explore the intersection of technology, media, and branding. Attendees heard from leading industry innovators from brands like Reddit, NBCUniversal, and Microsoft Advertising about how technology is shaping the future of storytelling, consumer engagement, and brand strategy. C Space sessions emphasized the importance of creativity and authenticity in navigating the ever-evolving digital landscape.CES Creator Space – The first-ever CES Creator Space, presented by Sony, gathered storytellers to network, create content, and relax in between visiting exhibitors. Sessions led by industry experts helped creators elevate their craft, featuring discussions on storytelling, content monetization, brand partnerships, rights and ownership, and more.Digital Health Summit brought together the entire health ecosystem to learn, network, and explore the role technology plays in advancing and reforming medicine, healthcare, and consumer wellness.Great Minds series explored the intersection of technology and humanity. Speakers included C-Suite executives, philanthropists, influencers, government leaders, entrepreneurs, venture capitalists, and more.Innovation for All Track included dedicated programming focused on ensuring all voices are represented in technology and innovation, bringing together thought leaders for a series of engagement opportunities, dynamic session content, and networking events.Innovation Policy Summit advanced CTA’s Innovation Agenda. CES brought together policymakers and government guests from around the world to discuss domestic and global tech policy issues including AI, privacy, trade, competition, and more. Conference sessions featured high-level government speakers from the White House, Department of Commerce, Department of Homeland Security, Department of Transportation, Federal Communications Commission, Federal Maritime Commission, Federal Trade Commission, and more.Mobility Stage made its debut in West Hall, exploring the future of mobility tech on the CES show floor. Topics included AI, connected vehicles, software, supply chain, and more.Quantum Means Business, a multi-session conference track developed with Quantum World Congress, gathered some of the brightest quantum minds, showcasing breakthroughs that were once confined to science fiction. Industry leaders from IBM, Microsoft, and beyond shared insights into how quantum, paired with advancements in AI and machine learning, creates unparalleled opportunities across industries.Startup Stage in Eureka Park brought together visionaries to discuss AI, health, startup funding, and more.
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Celebrity brand ambassadors like Alexis Ohanian, Denim Richards, Karlie Kloss, Maria Shriver, Mark Cuban, Martha Stewart, Meghan Trainor, Sophia Bush, Stevie Wonder, Terry Crews, Tim Meadows, Tunde Oyeneyin, and will.i.am attended the show. Read more about CES 2025 celebrity guest participation here.
Visit CES or the CES App, sponsored by Panasonic, for keynotes, sessions, and product announcements. View the high-res image gallery and download B-roll. Check out news from this week with CTA press releases including CTA’s U.S. Consumer Technology One-Year Industry Forecast, CES 2025 Green Grants, CTA 2025 Global Innovation Scorecard, CES 2025 Open, and a new investment in Quantum Word Congress.
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About CES®:
CES is the most powerful tech event in the world – the proving ground for breakthrough technologies and global innovators. This is where the world’s biggest brands do business and meet new partners, and the sharpest innovators hit the stage. Owned and produced by the Consumer Technology Association (CTA) ®, CES features every aspect of the tech sector. CES 2025 takes place Jan. 7-10, 2025, in Las Vegas. Learn more at CES.tech and follow CES on social.
About Consumer Technology Association (CTA)®:
As North America’s largest technology trade association, CTA is the tech sector. Our members are the world’s leading innovators – from startups to global brands – helping support more than 18 million American jobs. CTA owns and produces CES® – the most powerful tech event in the world. Find us at CTA.tech. Follow us @CTAtech.
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KNEX Technology CTO Gustavo Gonzalez Elected 2025 President-Elect of OATUG
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January 11, 2025By
Gustavo Gonzalez, KNEX Technology’s CTO, has been elected 2025 President-Elect of OATUG, emphasizing his dedication to Oracle innovation, collaboration, and leadership, including Ascend 2025’s strategic initiatives.
IRVINE, Calif., Jan. 10, 2025 /PRNewswire-PRWeb/ — KNEX Technology, a leading Oracle Cloud solutions provider, is proud to announce that its Chief Technology Officer, Gustavo Gonzalez, has been elected as the 2025 President-Elect of the Oracle Applications & Technology Users Group (OATUG). This esteemed appointment highlights Gonzalez’s longstanding commitment to advancing innovation and collaboration within the Oracle community.
In his new role, Gonzalez will work closely with the OATUG leadership team throughout 2025, preparing to serve as OATUG President in 2026. He will focus on empowering Oracle professionals worldwide by fostering knowledge-sharing, community engagement, and professional development. OATUG, a globally recognized organization, supports its members in overcoming challenges, enhancing the value of Oracle solutions, and driving organizational success.
“OATUG has played a pivotal role in my professional growth, and it is a privilege to contribute to this community which has enriched my career,” said Gustavo Gonzalez. “As President-Elect, I look forward to collaborating with my peers to strengthen the Oracle user community and further its impact on businesses worldwide.”
Gonzalez’s election underscores his dedication to giving back to the Oracle ecosystem. A key focus of his role will include shaping OATUG’s strategic initiatives, such as the annual Ascend Conference, which unites Oracle users, thought leaders, and technology innovators for unparalleled learning and networking opportunities.
The upcoming Ascend 2025 Conference, scheduled for June 8–11 in Orlando, Florida, promises to build on the success of the 2024 event, which attracted more than 1,800 attendees. With early bird registration now open, Gonzalez aims to ensure the conference continues to deliver transformative insights and experiences for the Oracle community.
About OATUG
The Oracle Applications & Technology Users Group (OATUG) is the premier global organization for Oracle users, providing year-round education, networking, and advocacy. OATUG empowers its members to unlock the full potential of Oracle solutions, fostering innovation and collaboration across industries.
About KNEX Technology
KNEX Technology is a trusted leader in Oracle Cloud solutions, delivering cutting-edge products and services to help businesses achieve their objectives. Through its innovative approach and customer-focused strategies, KNEX enables organizations to navigate the complexities of today’s technology landscape. For more information, visit www.knextech.com.
Media Contact
Husna Gyasi, KNEX Technology, 1 (949) 232-0786, husna.ghayaisi@knextech.com, https://knextech.com/
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