The Europe Agriculture Analytics Market would witness market growth of 12.9% CAGR during the forecast period (2023-2030).
The increasing adoption of digital technologies such as the internet, data analytics, mobile technologies and devices, digitally delivered services, artificial intelligence, and mobile applications in agriculture will likely create lucrative possibilities for the market. In addition, a high internet penetration rate combined with flourishing smartphone sales, particularly in developing economies, is anticipated to increase the use of digital services offered, thereby generating a vast quantity of data that can be utilized for analytical applications.
In addition, supportive government policies and a significant drive for digitization in agriculture by governments in a variety of countries will likely increase the adoption of analytics services in the future years. In addition, partnerships between the public and private sectors are likely to develop more advanced infrastructure to support the digital push in the agriculture industry.
The government and other authorities are implementing initiatives to promote the adoption of advanced technologies in the European agriculture sector. For instance, the implementation of the European Data Act. The European data act requires the European Commission to promote the implementation of a common European agricultural data space, thereby facilitating the sharing and merging of agricultural data in a trustworthy manner. The data space should enhance the agricultural sector's economic and environmental performance. This necessitates both the facilitation of data sharing and the establishment of reasonable, transparent regulations governing data use and access. All of these factors are anticipated to eventually contribute to the expansion of the regional market.
The Germany market dominated the Europe Agriculture Analytics Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $217.3 million by 2030. The UK market is exhibiting a CAGR of 11.9% during (2023 - 2030). Additionally, The France market would experience a CAGR of 13.7% during (2023 - 2030).
Based on Offering, the market is segmented into Solution and Services. Based on Agriculture Type, the market is segmented into Precision Farming, Livestock Farming, Aquaculture Farming, Vertical Farming and Others. Based on End User, the market is segmented into Farmers, Agronomists, Agribusinesses, Agricultural Researchers and Government Agencies & Others. Based on Farm Size, the market is segmented into Large Farms and Small & Medium-Sized Farms. Based on Technology, the market is segmented into Remote Sensing & Satellite Imagery, Geographic Information System, Robotics & Automation, Big Data & Cloud Computing, Visualization & Reporting, Blockchain Technology and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Worldwide Agriculture Analytics Market is Projected to reach USD 3.4 Billion by 2030, at a CAGR of 13.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, SAP SE, Oracle Corporation, Accenture PLC, SAS Institute, Inc., Tetra Laval International S.A. (DeLaval), Deere & Company, Bayer AG, Iteris, Inc. and Trimble, Inc.
By Offering
By Agriculture Type
By End User
By Farm Size
By Technology
By Country
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