Big Data Analytics in Agriculture Market buoyed by Smooth Integration With Precision Irrigation
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 –
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Analysis: Retrospective Analytics, Predictive Analytics and Prescriptive Analytics.
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Solution: Hardware, Software and Services.
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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:
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Ntt Data Corporation (Japan)
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Koninklijke Philips N.V. (The Netherlands)
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PricewaterhouseCoopers (U.K.)
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Verisk Analytics, Inc. (U.S.)
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Inovalon Holdings, Inc. (U.S.)
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