PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1811784
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1811784
Agritech Platform Market Introduction and Overview
According to SPER market research, 'Global Agritech Platform Market Size- By Component, By Application - Regional Outlook, Competitive Strategies and Segment Forecast to 2034' state that the Global Agritech Platform Market is predicted to reach 53.94 billion by 2034 with a CAGR of 13.73%.
Agritech platforms are digital innovations designed to enhance agricultural practices through the application of technology. These platforms combine data analytics, the Internet of Things (IoT), artificial intelligence (AI), and automation to improve productivity, efficiency, and sustainability within farming operations. Notable features include real-time monitoring, predictive analytics, and tools for resource optimization, which assist farmers in making informed decisions related to crop management, irrigation, and pest control.
Restraints: Agritech platforms necessitate dependable internet connectivity for the instantaneous gathering and analysis of data. In numerous rural areas, inadequate internet infrastructure hampers the smooth functioning of these platforms, adversely affecting their efficiency. For example, farmers in isolated regions might encounter challenges in accessing vital updates, such as pest management strategies or weather forecasts, due to unreliable networks. Consequently, the lack of internet access in rural agricultural zones limits the widespread use of agritech platforms, hindering their potential to become a prevalent trend.
Scope of the report:
Report Metric Details
Market size available for years 2021-2034
Base year considered 2024
Forecast period 2025-2034
Segments covered By Component, By Application
Regions covered
North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa
Companies Covered
Agworld Pty Ltd, Ceres Imaging, Conservis Corporation, Cropin Technology Solutions Private Limited, CropX inc, Descartes Labs Inc, Farmer's Business Network (FBN), Farmers Edge Inc, PrecisionHawk, Taranis.
Global Agritech Platform Market Segmentation:
By Component: Based on the Component, Global Agritech Platform Market is segmented as; Platform, Services.
By Application: Based on the Application, Global Agritech Platform Market is segmented as; Precision Farming, Livestock Monitoring, Smart Greenhouses, Supply Chain Management.
By Region: This research also includes data for North America, Latin America, Asia-Pacific, Europe, Middle East & Africa.