The Big Data Analytics in Agriculture Market deals with the development, manufacture and distribution of an integration of big data technologies and agriculture techniques. The agriculture industry is currently going through plenty of reforms regarding agriculture technology and agriculture techniques. Hence, new initiatives for farming and irrigation are being undertaken through enterprises.
Big data technologies can be described as a massive sets of data series which are complex and cannot be processed with the usual data management techniques. The agriculture market is facing a situation where more food has to be produced using lesser energy, fewer resources like water and on reduced arable land. Hence, this is perfect opportunity for the Big Data Analytics in Agriculture Market to really thrive.
Scope & Regional Forecast of the Big Data Analytics in Agriculture Market
The Big Data Analytics in Agriculture Market is transforming into a serious component by itself as it accounts for around 5% of the whole big data technologies industry. In the future, the Big Data Analytics in Agriculture Market expects to be hold the fifth highest market share within the big data analytics industry.
The Big Data Analytics in Agriculture Market expects big data in agriculture to revolutionize the way agriculture techniques and agriculture technology are used. Agriculture analytics are expected to develop new seed varieties, track the status of crop spoilage or illness through sensors, improve supply chains of seeds and make effective use of precision irrigation.
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Big data for agriculture is expected to analyze the information derived from precision irrigation in meaningful and superior manner. Those new insights can then be used to improve precision irrigation techniques as well as the effectiveness of agriculture analytics.
Right now, the Big Data Analytics in Agriculture Market share is being dominated by North America due to the willingness of various companies to apply big data in agriculture. Various players who have embraced big data for agriculture are actively making progress in improving efficiency. The Asia-Pacific is predicted to show the fastest growing future demand owing to the population explosion and rapid urbanization in this region.
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Segmentations & Key Players Involved in the Big Data Analytics in Agriculture Market
According to IndustryARC findings, the Big Data Analytics in Agriculture Market can be broken down into various segmentations on the basis of –
- Analysis: Retrospective Analytics, Predictive Analytics and Prescriptive Analytics.
- Solution: Hardware, Software and Services.
- Application: Chemical Analytics, Weather Analytics, Financial Analytics, Administrative Analytics, Crop Production Analytics, Social Analytics, Farm Land/ Equipment Analytics and Others.
Some of the key players involved in the Big Data Analytics in Agriculture Market according to IndustryARC are as follows:
- Ntt Data Corporation (Japan)
- Koninklijke Philips N.V. (The Netherlands)
- PricewaterhouseCoopers (U.K.)
- Verisk Analytics, Inc. (U.S.)
- Inovalon Holdings, Inc. (U.S.)