North America Agriculture Analytics Market likely to grow at a CAGR of 12% during 2021-26

This research report provides comprehensive, qualitative, and quantitative insights on the market potential, key factors impacting the market growth, and its emerging opportunities.
 
DELTA, British Columbia - June 17, 2021 - PRLog -- According to the MarkNtel Advisors research report, "North America Agriculture Analytics Market Analysis, 2021," the market shall grow at a CAGR of 12% in the forecast period of 2021-26. It prominently owes to the expanding demand for specialized digital agriculture services, raising pressure to meet the demand for food, increasing need for developing farm productivity & farming operations, and multiple government initiatives for deploying advanced agricultural techniques. Furthermore, the burgeoning adoption of digital technologies like AI & predictive analytics to facilitate precision in agriculture is another critical factor likely to fuel the North American Agriculture Analytics Market in the forecast period.

Impact of Covid-19

The outbreak of the COVID-19 pandemic has adversely affected many economies where the North America Agriculture Analytics Market for data analytics technology of the agriculture sector suffered moderately. It is likely to witness a fast pace recovery in the coming years. Several challenges like the phase of lockdowns & quarantine to fight COVID-19 hindered the overall market growth, resulting in a substantial loss on the returns of the agricultural products. Nevertheless, multiple market players have restricted funding and expenses, which has affected the analytics adoption rate. However, with the gradual upliftment of lockdown and ease of restrictions, the market is recovering and shall witness robust growth in the coming years.

Farm Analytics Witnessed the Fastest Market Growth

Based on the Application, the Farm Analytics segment witnessed the fastest market growth in the previous years and is likely to attain robust growth in the forecast period due to the rapidly expanding traction on precision agriculture by farmers. It allows farmers to use modern technology for diverse agricultural applications, which results in an effective agriculture process.

"North America Agriculture Analytics Market Analysis, 2021" provides comprehensive, qualitative, and quantitative insights on the market potential, key factors impacting the market growth, hotspots, and opportunities available for Agriculture Analytics providers across the countries. Moreover, the report also encompasses the key strategic imperatives for competitors' success and strategic factorial indexing to measure their capabilities on 16 parameters, which will help companies formulate 'Go to Market' strategies and identify the blue ocean for their offerings.

According to MarkNtel Advisors, the major leading players in the North America Agriculture Analytics Market are Harvest CROO Robotics, SkySquirrel Technologies Inc., aWhere, FarmShots, Abundant Robotics, Hortau Inc, Deere & Company, Trimble, AGCO Corporation, AgJunction, Raven Industries.

For more information visit: https://www.marknteladvisors.com/query/request-sample/north-america-agriculture-analytics-market.html

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Tags:Agriculture Analytics Market
Industry:Agriculture
Location:Delta - British Columbia - Canada
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