According to Cognitive Market Research, the global agriculture analytics market size is USD 1.4 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 13.1% from 2024 to 2031. Market Dynamics of Agriculture Analytics Market

Key Drivers of Agriculture Analytics Market

The Growing Demand for Precision Agriculture : Farmers are increasingly implementing precision agriculture techniques to optimize crop production while reducing resource consumption. Agricultural analytics offers immediate insights into soil conditions, weather patterns, and crop health, facilitating more informed decision-making. This escalating dependence on data-centric solutions is a major catalyst for market growth on a global scale.

Government Initiatives and Digital Support : Numerous governments are advocating for smart farming technologies through financial incentives, grants, and digital transformation programs. These efforts motivate farmers to adopt agricultural analytics platforms, enhancing uptake in both advanced and emerging markets, thus propelling the market's growth.

Integration of IoT and Remote Sensing Technologies : The rising adoption of IoT devices, drones, and satellite imagery is improving agricultural analytics. These technologies deliver precise information regarding crop surveillance, irrigation requirements, and pest management, thereby increasing farm productivity. This amalgamation of cutting-edge technologies is a significant factor driving the market's advancement.

Key Restraints in Agriculture Analytics Market

High Implementation Costs : Agriculture analytics solutions require costly hardware, software, and maintenance, which are often beyond the financial reach of many small and marginal farmers. The significant initial expenses create economic obstacles, hindering adoption in price-sensitive agricultural regions and restricting market growth.

Lack of Technical Expertise : A considerable number of farmers do not possess the digital literacy and technical skills necessary to effectively utilize agriculture analytics platforms. In the absence of sufficient training and support, the intricate nature of data-driven tools limits their widespread acceptance, especially in rural and developing regions.

Data Privacy and Connectivity Issues : Agriculture analytics relies on extensive data collection and cloud integration. Concerns regarding data security, coupled with inconsistent internet connectivity in remote farming locations, pose challenges for smooth implementation. These factors serve as significant barriers to realizing the market's full potential.

Key Trends of Agriculture Analytics Market

Adoption of AI and Machine Learning : Artificial intelligence and machine learning are increasingly being incorporated into agricultural analytics. These technologies assist in forecasting crop yields, identifying diseases at an early stage, and optimizing resource utilization, thereby enhancing farming efficiency and sustainability while establishing a new trend in agricultural management.

Cloud-Based and Mobile Solutions : The transition towards cloud-based agricultural analytics platforms and mobile applications is rapidly accelerating. These solutions offer farmers cost-effective, user-friendly access to real-time insights, allowing small-scale operators to take advantage of analytics without making significant investments in infrastructure.

Growing Popularity of Sustainable Farming : Trends in sustainability are propelling the use of analytics to minimize chemical application, enhance irrigation practices, and improve soil management. Farmers and agribusinesses are utilizing analytics to align with global sustainability objectives, fostering a robust trend towards environmentally friendly farming practices. Introduction of the Agriculture Analytics Market

Agriculture analytics is the practice of analyzing data, using technology, and applying statistical methods to understand and manage resources, weather, crop yields, and market trends better. Improved sustainability, less risk, and maximum productivity can be achieved through well-informed decision-making by farmers and other stakeholders. Increasing government initiatives to implement new agricultural techniques is the main development factor for the agriculture analytics industry. More and more data is being generated in the agricultural industry at an exponential ra...

The global agriculture AI market size was worth $4.70 Billion in 2024 and projections indicate it will to increase to $46.60 Billion by 2034 at a CAGR of 26.30%.

Global Agriculture Industry Market is segmented by Application (Crop protection_ Yield improvement_ Sustainable practices_ Food security_ Resource management), Type (Seed products_ Crop protection chemicals_ Fertilizers_ Agricultural equipment_ Precision agriculture), and Geography (North America_ LATAM_ West Europe_Central & Eastern Europe_ Northern Europe_ Southern Europe_ East Asia_ Southeast Asia_ South Asia_ Central Asia_ Oceania_ MEA)

Success.ai’s Agricultural Data provides unparalleled access to verified profiles of agriculture and farming leaders worldwide. Sourced from over 700 million LinkedIn profiles, this dataset includes actionable insights and contact details for professionals shaping the global agricultural landscape. Whether your objective is to market agricultural products, establish partnerships, or analyze industry trends, Success.ai ensures your outreach is powered by accurate, enriched, and continuously updated data.

Why Choose Success.ai’s Agricultural Data? Comprehensive Professional Profiles

Access verified LinkedIn profiles of farm owners, agricultural consultants, supply chain managers, agribusiness executives, and industry leaders. AI-validated data ensures 99% accuracy, minimizing wasted outreach and improving communication efficiency. Global Coverage Across Agricultural Sectors

Includes professionals from crop farming, livestock production, agricultural technology, and sustainable farming practices. Covers key regions such as North America, Europe, APAC, South America, and Africa. Continuously Updated Dataset

Real-time updates reflect role changes, organizational shifts, and emerging trends in agriculture and farming. Tailored for Agricultural Insights

Enriched profiles include professional histories, areas of specialization, and industry affiliations for deeper audience understanding. Data Highlights: 700M+ Verified LinkedIn Profiles: Gain access to a global network of agricultural and farming professionals. 100M+ Work Emails: Communicate directly with decision-makers in agribusiness and farming. Enriched Professional Histories: Understand career trajectories, expertise, and organizational affiliations. Industry-Specific Segmentation: Target professionals in crop farming, agtech, and sustainable agriculture with precision filters. Key Features of the Dataset: Agriculture and Farming Professional Profiles

Identify and connect with farm operators, agricultural consultants, supply chain managers, and agribusiness leaders. Engage with professionals responsible for farm management, equipment procurement, and sustainable farming initiatives. Detailed Firmographic Data

Leverage insights into farm sizes, crop or livestock focus, geographic distribution, and operational scales. Customize outreach to align with specific farming practices or market needs. Advanced Filters for Precision Targeting

Refine searches by region, type of agriculture (crop farming, livestock, horticulture), or years of experience. Customize campaigns to address unique challenges such as climate adaptation or supply chain optimization. AI-Driven Enrichment

Enhanced datasets deliver actionable data for personalized campaigns, highlighting certifications, achievements, and key projects. Strategic Use Cases: Marketing Agricultural Products and Services

Promote farm equipment, crop protection solutions, or livestock management tools to decision-makers in agriculture. Engage with professionals seeking innovative solutions to enhance productivity and sustainability. Collaboration and Partnerships

Identify agricultural leaders for collaborations on sustainability programs, research projects, or community initiatives. Build partnerships with agribusinesses, cooperatives, or government bodies driving agricultural development. Market Research and Industry Analysis

Analyze trends in crop yields, livestock production, and agricultural technology adoption. Use insights to refine product development and marketing strategies tailored to evolving industry needs. Recruitment and Talent Acquisition

Target HR professionals and agricultural firms seeking skilled farm managers, agronomists, or agtech specialists. Support hiring for roles requiring agricultural expertise and leadership. Why Choose Success.ai? Best Price Guarantee

Access industry-leading Agricultural Data at the most competitive pricing, ensuring cost-effective campaigns and strategies. Seamless Integration

Easily integrate verified agricultural data into CRMs, recruitment platforms, or marketing systems using APIs or downloadable formats. AI-Validated Accuracy

Depend on 99% accurate data to minimize wasted outreach and maximize engagement outcomes. Customizable Solutions

Tailor datasets to specific agricultural segments, regions, or areas of focus to meet your strategic objectives. Strategic APIs for Enhanced Campaigns: Data Enrichment API

Enhance existing records with verified agricultural profiles to refine targeting and engagement. Lead Generation API

Automate lead generation for a consistent pipeline of qualified professionals in the agriculture sector, scaling your outreach efficiently. Success.ai’s Agricultural Data empowers you to connect with the leaders and innovators transforming global agriculture. With verified contact details, enriched professional profiles, and global reach, your marketing, partn...

China was the leading agricultural producer worldwide in 2023, with over a trillion international U.S. dollars. India ranked second, with an agricultural production value of *** billion international U.S. dollars. Ukraine's and Russia's production amounted to ***** and ***** billion international U.S. dollars, respectively. This makes these countries the **** and *** ranked agricultural producers by production value.

Global Agriculture 4.0 Market is projected to grow exponentially during 2021-26. across the agriculture sector in crop production, shall also drove the market in the coming years.

This BCC Research report determines the specific applications and forecasts global market demand for agricultural biotechnology products over the five-year period from 2014 to 2019.

Global Smart Agriculture Market size is set to expand from $ 14.86 Billion in 2023 to $ 61.78 Billion by 2032, a CAGR of around 15.3% from 2024 to 2032.

Snapshot img

Agribusiness Market Size 2025-2029

The agribusiness market size is forecast to increase by USD 843.4 million, at a CAGR of 4.6% between 2024 and 2029.

The market is experiencing significant shifts driven by population growth, which is leading to an increased demand for food production. This trend is placing immense pressure on the industry to find innovative solutions to meet the rising demand, particularly in the context of a shrinking amount of arable land. One response to this challenge is the adoption of automation in agriculture, with technologies such as precision farming, drones, and robotics gaining traction. These solutions aim to optimize resource usage and increase efficiency, enabling farmers to produce more with less land. However, the implementation of automation also presents challenges, including high upfront costs and the need for significant investment in technology and infrastructure.
Additionally, regulatory compliance and data security concerns add complexity to the adoption process. To capitalize on the market opportunities presented by population growth and the need for more efficient agriculture, companies must navigate these challenges and invest in technologies that can help them stay competitive while addressing the sustainability and productivity demands of the industry.

What will be the Size of the Agribusiness Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market continues to evolve, shaped by various dynamics that impact different sectors. Land use patterns are shifting, with an increasing focus on carbon sequestration and sustainable farming practices. Precision agriculture is revolutionizing yield optimization, while food processing and packaging technologies advance to ensure food safety and traceability. Seed production and agricultural biotechnology are driving innovation in crop production, and harvesting equipment is becoming more efficient and eco-friendly. Food security remains a critical concern, leading to the adoption of irrigation systems, biodiversity conservation, and sustainable farming practices. Livestock feed and breeding are undergoing transformations, with a focus on disease prevention and environmental sustainability.

Pest control methods are evolving, with a shift towards more natural and less harmful alternatives. Supply chain management is becoming more complex, with the integration of farm management software and crop rotation techniques. Water conservation is a priority, with new technologies and practices emerging to address this challenge. Agribusiness investment is on the rise, driven by market volatility and price fluctuations due to climate change adaptation and commodity trading. Direct marketing and consumer dietary trends are influencing food distribution, with a growing demand for locally sourced and organic produce. Vertical farming and agricultural finance are gaining traction, offering solutions to land tenure issues and providing access to capital for small-scale farmers.

The ongoing unfolding of these market activities and evolving patterns underscores the continuous nature of the agribusiness landscape.

How is this Agribusiness Industry segmented?

The agribusiness industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Product

  Grains and cereals
  Dairy
  Oilseeds
  Livestock
  Others


Application

  Agrichemicals
  Seed business
  Breeding
  Machinery and equipment


Technology

  Traditional agriculture
  Mechanized farming
  Precision agriculture and smart farming
  Organic and sustainable Farming


Distribution Channel

  Retail chains and supermarkets
  Wholesale distribution
  Direct-to-consumer
  Food processing and manufacturing companies


Farm Size

  Small-Scale Farms
  Medium-Scale Farms
  Large-Scale Farms


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    UK


  Middle East and Africa

    UAE


  APAC

    China
    India
    Japan
    South Korea


  South America

    Argentina
    Brazil


  Rest of World (ROW)

.

By Product Insights

The grains and cereals segment is estimated to witness significant growth during the forecast period.

The market encompasses various sectors, including grains and cereals, dairy production, land use, carbon sequestration, agricultural machinery, organic farming, yield optimization, food security, irrigation systems, biodiversity conservation, supply chain management, livestock feed, livestock breeding, pest control, poultry farming, government subsidies, farm management software, crop rotation, water conservation, sust

Precision Agriculture Market size was valued at around USD 10.43 billion in 2023 and is projected to grow at a CAGR of around 13% from 2024-30.

Abstract

The continued development of Liberia’s agricultural sector is crucial to Liberia’s economic growth and food security. A focus on smallholder farmers helps to ensure pro-poor growth; over 70% of Liberia’s population is involved in farming and the vast majority of this population practice cultivation at the subsistence level, utilizing traditional techniques. The Smallholder Agricultural Productivity Enhancement and Commercialization project (SAPEC) aims to improve the productivity, income and nutritional outcomes of beneficiary farmers in 12 of Liberia’s 15 counties. SAPEC provides farmers with agricultural technologies, constructs and rehabilitates infrastructure to support value-chains and market linkages, as well is working to improve the institutional capacity of the Ministry of Agriculture and associated research institutions. The impact evaluation focuses most directly through the most rigorous methods on the input delivery component. SAPEC’s design incorporates a focus on women, youth and the disabled to better integrate these groups into the agricultural sector and improve their capacity. Given Liberia’s relatively low life expectancy and high youth population (42% below age 15; LISGIS 2011), it is particularly important to encourage youth participation in agriculture. Declining youth participation in the agriculture sector across Africa prompts concerns that if youth are the most open to new technologies, programs promoting new agricultural methods and varieties may struggle to convince farmers to try these new methods unless they can recruit young farmers.

We propose to study the impact of seed and tool distribution on the take-up of modern farming inputs and the use of productivity enhancing tools, thereby resulting in higher agricultural yields and improved nutritional outcomes, as measured by dietary diversity scores. The wide geographic scope of SAPEC and its focus on smallholder farmers offer a unique opportunity to generate data that can be more robustly extrapolated to the wider Liberian population. We will use data from a 2016 registration of Liberian farmers to randomly select 1,000 Liberian farmers from 100 randomly selected communities in Liberian districts serviced by SAPEC.

Using a randomization at multiple levels, we seek to determine whether the provision of 91%-subsidized improved seeds, tools, and fertilizer promote the take-up of modern farming inputs and improve diets. We will also study whether particular beneficiary sub-groups (by age and gender) are more likely to respond to SMS messaging with an agricultural focus and whether small adjustments to the content of these messages can result in relatively greater improvements in take-up by youth.

Geographic coverage

The Smallholder Agriculture Productivity Enhancement and Comercialization (SAPEC) project was conducted in 12 of Liberia's counties and across 97 communities. Counties included in the sample are Bomi, Gbarpolu, Grand Bassa , Grand Cape Mount, Grand Gedeh, Grand Kru, Margibi, Maryland, Montserrado, River Cess, River Gee and Sinoe.

Analysis unit

This study describes:

• Households

Kind of data

Sample survey data [ssd]

Sampling procedure

The SAPEC project was conducted in 12 of Liberia's counties and across 97 communities. In most of the communities, 10-11 farmers were randomly selected to receive the SAPEC benefits while another 10 farmers were randomly chosen to not receive benefits during the 2017 round of distribution. Randomization was done at the community level for which communities will receive the SAPEC benefits then randomly chosen at the farmer level.

Before the baseline survey was launched, the study was piloted extensively in the field based on a rapid response survey that was commissioned by SAPEC, designed by DIME, and implemented with 570 households in 2016. The e-platform developed by LATA was used to compose the sample frame. For each community a sample of 10 farmers were randomly selected in the 50 randomly selected communities to receive the SAPEC benefits. The sampling frame was coordinated closely with the focal SAPEC official in each community in order to ensure that sampled households were able to receive the SAPEC benefits.

Mode of data collection

Computer Assisted Personal Interview [capi]

Research instrument

The questionnaire is in English and it is provided as a Related Material.

According to Cognitive Market Research, the global Smart Agriculture Farming market size was USD 17254.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 9.70% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 6901.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.9% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 5176.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.2% from 2024 to 2031.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 3968.47 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.7% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 862.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.1% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 345.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.4% from 2024 to 2031.
The Hardware held the highest Smart Agriculture Farming market revenue share in 2024.

Market Dynamics of Smart Agriculture Farming Market

Key Drivers

Increasing the use of modern technologies in agriculture products to propel market growth

Utilizing its full potential, smart agriculture can assist farmers in minimizing the adverse impacts of climate change on crops by collecting geospatial data on planting, soil, livestock, and other data between and within fields. Reducing resource waste, smart agriculture also provides information on the proper dosage of irrigation, liquid fertilizer, insecticides, and herbicides. Modern agricultural technologies like yield mapping software (YMS), data management software, global positioning system (GPS), variable rate technology (VRT), and mapping software help boost soil fertility, boost profitability, lower farming costs, and support sustainable agriculture. Smart agriculture tools have two main benefits: increased productivity for businesses through automated procedures and superior output at reduced farming costs. Smart agriculture technology is projected to make agribusiness more profitable than it has ever been. Thus, in an effort to increase crop yields and profitability, business-minded farmers have started utilizing a variety of smart agricultural instruments. The worldwide smart agriculture market is expected to expand quickly over the anticipated time due to the increasing adoption of modern technology in agricultural goods by business-oriented farmers.

Internet of Things (IoT) adoption in agriculture is growing to propel market growth

The increasing adoption of Internet of Things (IoT) technology in agriculture provides real-time support through IoT apps, assisting farmers in tracking the development of new products. By using IoT applications with traditional agriculture processes, producers can focus on providing their consumers with high-quality food instead of spending time and money on resources like land, electricity, and water. Precision farming enhances crop and soil health and allows organic food to be distributed to a wide range of end consumers. IoT-based agricultural equipment helps reduce the use of pesticides and fertilizers in this way. The extensive use of IoT technology in agriculture helps farmers adapt to major variations in weather, humidity, and air efficiency. It uses data analytics, visualization, and a variety of management tools and solutions to automate conventional farming activities. The application of IoT technology in agriculture reduces carbon emissions and boosts farm productivity by utilizing cutting-edge sustainable technologies to conserve energy and water.

Key Restraint

Fragmented agriculture sector to hinder market growth

Decentralized, the agricultural sector comprises a multitude of autonomously operated large, medium, and small-scale farms. A standardized machine-to-machine (M2M) solution is challenging to implement because of this fragmentation since each farm may have distinct needs and operate differently. Due to the incorrect distribution of inputs and resources caused by land fragmentation, costs are subsequently elevated. Encouraging, monit...

The global agriculture equipment market is expected to reach 6.25 million units by 2030, growing at a CAGR of 4.02% during the forecast period. Explore the agriculture equipment market’s size, share, and growth trends through 2030.

The sustainable agriculture market size is projected to grow from USD 15.43 billion in 2024 to USD 44.92 billion by 2035, representing a CAGR of 10.20%.

Agriculture Technology as a Service Market Size:

The global agriculture technology as a service market size reached USD 2.3 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 9.1 Billion by 2033, exhibiting a growth rate (CAGR) of 16.01% during 2025-2033. The market is experiencing steady growth driven by the increasing global demand for food due to population growth, the rising need for sustainable farming practices amidst rising environmental concerns, and the growing awareness among farmers of the benefits of integrating technology into their farming practices.

Agriculture Technology as a Service Market Analysis:

• Market Growth and Size: The global market is experiencing rapid growth, fueled by the rising demand for precision agriculture and sustainable farming practices. With a growing global population and heightened environmental concerns, the market is poised for significant expansion, driven by the need for more efficient and productive agricultural methods.
• Technological Advancements: Advances in IoT, AI, and remote sensing are key drivers in this market. The integration of these technologies facilitates real-time monitoring and management of agricultural activities, enhancing crop yields and efficiency. The adoption of big data and analytics in agriculture is also pivotal, enabling better decision-making through the analysis of diverse data sets.
• Industry Applications: This market finds applications across various agricultural sectors, including crop monitoring, farm management, and predictive analytics for yield optimization. The technology serves large-scale agribusinesses and small and medium-sized farms, helping to bridge technological gaps and improve overall agricultural productivity.
• Key Market Trends: A significant trend in this market is the shift towards service-based models, offering technology solutions on a subscription basis. This approach makes advanced technologies more accessible to a wider range of farmers. Additionally, the focus on sustainable and precision farming practices is a major trend, aligning with global environmental and food security goals.
• Geographical Trends: The market shows strong growth in regions such as North America and Europe, where there is high adoption of advanced technologies and supportive government policies. However, Asia-Pacific is emerging as a fast-growing market, due to its large agricultural sector and increasing technological adoption.
• Competitive Landscape: The market is characterized by a mix of established technology companies and emerging startups. Competition is centered around innovation and partnerships, with companies constantly striving to offer more efficient and cost-effective solutions.
• Challenges and Opportunities: One major challenge is the high initial cost and complexity of advanced agricultural technologies, which can be a barrier for small-scale farmers. However, this challenge presents an opportunity for service-based models and government subsidies to play a role in democratizing access to these technologies. There is also significant potential in developing regions, where technology adoption is just beginning to take off, offering vast opportunities for market expansion.

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Agriculture Technology as a Service Market Trends:

Rising demand for precision agriculture

The global market is experiencing significant growth, primarily driven by the increasing adoption of precision agriculture techniques. This approach utilizes data-driven insights and advanced technologies such as IoT, AI, and remote sensing to optimize farm operations, leading to increased crop yields and efficiency. Additionally, the integration of these technologies helps in precise monitoring and management of farm activities, reducing resource wastage and enhancing overall productivity. This trend is further fueled by the growing need for sustainable farming practices amidst rising environmental concerns and the pressing challenge of feeding a rapidly growing global population. As farmers and agribusinesses seek more efficient and effective ways to manage their operations, the demand for technology solutions that can provide real-time, actionable insights is rising, thereby propelling the market.

Government initiatives and support

Another key factor driving the market is the proactive role of governments worldwide in promoting agricultural technology. Various governments are implementing policies and providing subsidies to encourage the adoption of advanced agricultural technologies. This support is essential in helping farmers overcome the high initial costs associated with these technologies. Initiatives such as grants for precision farming equipment, funding for research and development in agricultural technologies, and education programs for farmers on the benefits of technology adoption are instrumental in this growth. Such government interventions are enabling the modernization of agriculture and ensuring food security and sustainability. Consequently, these efforts are substantially contributing to the expansion of the market, as more farmers and agribusinesses gain access to and invest in advanced technological solutions.

Integration of Big Data and analytics

The integration of big data and analytics in agriculture is revolutionizing the sector and significantly contributing to the growth of the market. By harnessing the power of big data, farmers and agribusinesses can make more informed decisions, leading to improved crop yields and operational efficiencies. In addition, data analytics enables the analysis of a vast array of information, from soil health and weather patterns to crop health and market trends, allowing for precision in farming practices. This technology is pivotal in identifying patterns and predicting outcomes, thus reducing risks and uncertainties associated with farming. Moreover, the ability to analyze and interpret large volumes of data is becoming increasingly important in the agricultural sector, driving the demand for solutions that offer these capabilities. This trend reflects the growing recognition of data-driven decision-making as a critical component in modern agriculture.

Agriculture Technology as a Service Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2025-2033. Our report has categorized the market based on service type, technology, pricing, and application.

Breakup by Service Type:

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• Software-as-a-Service (SaaS)
• Equipment-as-a-Service (EaaS)
  

Software-as-a-Service (SaaS) accounts for the majority of the market share

The report has provided a detailed breakup and analysis of agriculture technology as a service market based on the service type. This includes software-as-a-service (SaaS) and equipment-as-a-service (EaaS). According to the report, software-as-a-service (SaaS) represented the largest segment.

The Software-as-a-Service (SaaS) segment holds

Snapshot img

Smart Agriculture Market Size 2024-2028

The smart agriculture market size is valued to increase USD 10.98 billion, at a CAGR of 10.22% from 2023 to 2028. Availability of low-cost cloud services encouraging adoption of smart farming will drive the smart agriculture market.

Major Market Trends & Insights

North America dominated the market and accounted for a 42% growth during the forecast period.
By Type - Precision farming segment was valued at USD 3.8 billion in 2022
By Product - Hardware segment accounted for the largest market revenue share in 2022

Market Size & Forecast

Market Opportunities: USD 147.48 million
Market Future Opportunities: USD 10982.30 million
CAGR : 10.22%
North America: Largest market in 2022

Market Summary

The market represents a dynamic and evolving sector, driven by the adoption of core technologies such as precision farming, automation, and IoT. These innovations enable farmers to optimize crop yields, reduce water usage, and enhance overall operational efficiency. According to recent reports, the global market for smart farming solutions is experiencing significant growth, with big data and cloud services playing a crucial role. In fact, the availability of low-cost cloud services is encouraging farmers to adopt smart farming practices, leading to a projected 25% adoption rate by 2025. However, high initial investments in smart farming technology present a major challenge for smaller farming operations.
Despite this, the market continues to expand, fueled by regulatory support and the increasing demand for sustainable farming practices. For instance, the European Union's Common Agricultural Policy provides incentives for farmers to invest in precision farming and other smart agriculture technologies. This ongoing evolution underscores the market's potential for continued growth and innovation.

What will be the Size of the Smart Agriculture Market during the forecast period?

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How is the Smart Agriculture Market Segmented and what are the key trends of market segmentation?

The smart agriculture industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Type

  Precision farming
  Smart greenhouse
  Livestock monitoring
  Others


Product

  Hardware
  Software
  Services


Geography

  North America

    US
    Canada


  Europe

    UK


  APAC

    China
    India


  Rest of World (ROW)

By Type Insights

The precision farming segment is estimated to witness significant growth during the forecast period.

In the realm of modern agricultural practices, the integration of technology is revolutionizing the industry with smart agriculture. This market encompasses various hardware components designed to optimize productivity, efficiency, and sustainability. One significant hardware segment is Sensors and Monitoring Systems. These devices collect real-time data on environmental factors and crop conditions, measuring parameters like temperature, humidity, soil moisture, pH levels, nutrient content, and weather conditions. By integrating data from multiple sensors, farmers receive valuable insights for informed decision-making. Another essential hardware segment is Weather Forecasting Tools, which employ remote sensing applications to analyze weather patterns and predict future conditions. This information is vital for farmers to plan and adapt their agricultural practices accordingly.

Greenhouse Gas Emissions are also a focus area in smart agriculture, with sensor network deployment used to monitor and reduce emissions, contributing to more sustainable agricultural practices. Machine Learning Algorithms and IoT Agriculture Platforms are transforming animal health management by enabling automated livestock monitoring systems. Controlled Environment Agriculture and Precision Farming Techniques, such as hydroponic cultivation methods and nutrient management strategies, are gaining popularity for their ability to optimize crop yield and water use efficiency. The market for smart agriculture is thriving, with sensor adoption growing by 22% and precision fertilization methods increasing by 18%. Furthermore, the market is expected to expand in the future, with yield prediction models and crop growth modeling projected to grow by 25% and 20%, respectively.

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The Precision farming segment was valued at USD 3.8 billion in 2018 and showed a gradual increase during the forecast period.

Soil health indicators and automated irrigation systems are also expected to see significant growth, with increases of 19% and 17%, respectively. In conclusion, the market is continuously evolving, with various hardware components playi

The global precision agriculture market size was valued at USD 9.32 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 21.47 Billion by 2033, exhibiting a CAGR of 9.66% from 2025-2033. North America currently dominates the market, holding a market share of over 51.2% in 2024. The market is driven by advanced technological adoption, substantial investments in smart farming solutions, and a strong emphasis on optimizing agricultural productivity and sustainability.

Global Agriculture and Farming Tractor Market is segmented by Application (Agriculture industry_ Farming_ Horticulture_ Rural development_ Food production), Type (Agricultural machinery_ Farm equipment_ Tractor manufacturing_ Agricultural technology_ Rural development), and Geography (North America_ LATAM_ West Europe_Central & Eastern Europe_ Northern Europe_ Southern Europe_ East Asia_ Southeast Asia_ South Asia_ Central Asia_ Oceania_ MEA)

Precision Agriculture Market by Offering (Hardware, Software, Services), Technology (Variable Rate, Guidance, Remote Sensing, Others), Application (Field Mapping, Seeding & Spraying, Crop Monitoring, Others), & Geography - Global Forecast to 2031

Agriculture And Food Processing Market size was valued at USD 169.38 Billion in 2024 and is projected to reach USD 301.08 Billion by 2032, growing at a CAGR of 7.51% from 2026 to 2032.Increasing Global Population: The growing global population drives demand for food, necessitating advancements in agricultural and food processing technologies. As urbanization continues, more people migrate to cities, increasing reliance on processed foods that offer convenience and longer shelf life. Consequently, farmers and food manufacturers must innovate to meet this demand.Rising Income Levels: As income levels rise in developing countries, consumer preferences shift toward higher quality foods and diverse diets, including organic and processed options. Increased purchasing power leads to greater demand for premium products, prompting food processors to enhance product offerings.