Blockchain Press Releases
Agriculture Analytics Market worth $2.5 billion by 2028 – Exclusive Report by MarketsandMarkets™
CHICAGO, June 27, 2023 /PRNewswire/ — Precision agriculture techniques, data-driven decision-making, and the incorporation of artificial intelligence and machine learning are predicted to fuel the future growth of the Agriculture Analytics Market. The emphasis will be on resource optimisation, cloud-based platforms, and potential integration of blockchain technology for increased supply chain transparency in agriculture.
The global Agriculture Analytics Market size is expected to grow from USD 1.4 billion in 2023 to USD 2.5 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 13.1%, according to a new report by MarketsandMarkets™.
The increasing demand for food security due to a growing global population is pushing farmers to optimize crop yields and resource management using data-driven insights. Technological advancements, including IoT and remote sensing, generate vast amounts of data that can be analyzed to improve farming practices will further drive the Agriculture Analytics Market.
Browse in-depth TOC on “Agriculture Analytics Market“
342 – Tables
54 – Figures
318 – Pages
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Scope of the Report
|
Report Metric |
Details |
|
Market Size Available for years |
2017-2028 |
|
Base year considered |
2022 |
|
Forecast Period |
2023-2028 |
|
Forecast units |
Value (USD Billion) |
|
Segments covered |
By Offering, Agriculture Type, Farm Size, Technology, End Users, and Region |
|
Geographies covered |
North America, APAC, Europe, MEA and Latin America |
|
Companies covered |
The major market players include Deere & Company(US),IBM(US), Bayer Ag, (Grmany),SAP(Germany), Trimble(US), Accenture(Ireland), ABACO(Italy), DeLaval(Sweden),Oracle(US),DTN(US), Farmers Edge(Canada),SAS Institute(US), Iteris(US), PrecisionHawk(US) and many more. |
The solution segment is expected to hold the highest market share
Agriculture analytics solutions utilize advanced technologies and data analysis techniques to optimize and improve agricultural operations. These solutions collect, process, and analyze vast amounts of data from multiple sources, including weather patterns, soil conditions, crop growth, and machinery performance. By leveraging this data, agriculture analytics solutions provide valuable insights and recommendations to farmers and agricultural stakeholders.
By technology, Remote sensing and satellite imagery to hold the highest market share
The use of remote sensing and satellite imagery has revolutionized agriculture analytics by providing valuable insights and information for optimizing farming practices. These technologies allow farmers and researchers to gather data on crop health, land use, and environmental conditions without extensive on-the-ground monitoring. Remote sensing and satellite imagery also enable monitoring of environmental factors affecting agriculture, such as temperature, precipitation, and sunlight availability
By end users, Farmers segment to hold the largest market share during the forecast period
The emergence of precision agriculture, which integrates technologies like GPS, remote sensing, and data analytics, has revolutionized how farmers manage their operations. These tools enable farmers to gather real-time data, generate field maps, and precisely apply inputs like fertilizers and pesticides. By optimizing resource allocation and reducing waste, farmers can improve efficiency and environmental sustainability.
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North America to dominate the market during the forecast period
North America is estimated to account for the largest share of the market in 2023. The region comprises developed countries, such as the US and Canada, and is considered the most advanced region in terms of adopting digital technologies. The presence of many agriculture technology providers, such as IBM, Microsoft, Deere & Company, Granular, and The Climate Corporation, is driving the growth of the market in North America. Also, the rapid developments in infrastructure, high adoption of digital technologies, and demand for data-driven solutions contribute to the Agriculture Analytics Market growth in the region.
Agriculture Analytics Market Dynamics:
Driver:
- Increasing size and complexity of farms
- Rising need for optimal resource utilization
- Enhancing sustainability and reducing environmental impact
- Applying Big Data in farming
Restraint:
- High costs associated with data collection and analysis
- Data privacy and security concerns
Opportunities:
- Technological advancements such as IoT, AI, and ML
- Prospect of public-private collaborations to advance use of agriculture analytics
Challenges:
- Lack of technological literacy and skills gap
- Data transfer and storage
Top Key Companies in Agriculture Analytics Market:
The major vendors offering agriculture analytics solutions are Deere & Company (US), IBM (US), Bayer Ag (Germany), SAP (Germany), Trimble (US), Accenture (Ireland), ABACO (Italy), DeLaval (Sweden), Oracle (US), DTN (US), Farmers Edge (Canada), SAS Institute (US), Iteris (US), PrecisionHawk (US), Conservis (US), Stesalit Systems (India), Agribotix (US), Agrivi (UK), Granular (US), FBN (US), Gro Intelligence (US), Resson (Canada), AgVue Technologies (US), Taranis (US), CropX (Israel), Trace Genomics (US), Fasal (India), AgEye Technologies (US), HelioPas AI (Germany), OneSoil (Switzerland), Root AI (US) and AgShift (US).
Recent Developments:
- In March 2023, IBM announced a partnership with The Climate Corporation, a subsidiary of Monsanto, to develop and market a new agriculture analytics solution. The solution will use IBM’s Watson IoT platform to collect and analyze data from a variety of sources, including weather data, soil data, and crop data. The data will be used to help farmers make better decisions about how to manage their crops.
- In January 2023, John Deere and Nutrien Ag Solutions partner on digital connectivity. This connectivity enables both companies to better serve growers by optimizing logistics and enabling variable rate agronomic recommendations to be seamlessly transferred to their equipment for execution.
- In January 2023, SAP partnered with DeHaat, a technology-driven platform, offering end-to-end agricultural services to farmers in India. DeHaat, will use SAP’s cloud enterprise resource planning (ERP) solution S/4HANA Cloud.
- In October 2022, Bayer’s launches innovative solutions to the challenges facing farmers, consumers and planet, the company announced of the LifeHub Monheim, a future partnership-focused facility located on the campus of Bayer’s global crop science division headquarters in Monheim, Germany.
- In February 2022, Trimble Agriculture has launched its Virtual Farm. The software explores topics such as labor skill levels, water management, and input management, and then connects the user with opportunities to address those concerns through Trimble’s services
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Agriculture Analytics Market Advantages:
Numerous data sets about agricultural yields, weather patterns, soil conditions, and market trends are accessible through agriculture analytics. Utilising this information, farmers may choose the best crops, determine the best times to plant them, and decide how best to fertilise, irrigate, and control pests. Agricultural practises are optimised, production is increased, and costs are decreased through data-driven decision-making.
Agriculture analytics assists in identifying and reducing risks related to weather-related occurrences, disease outbreaks, insect infestations, and market variations by analysing historical and current data. Farmers may better manage crop insurance, modify planting dates, respond pro-actively to possible hazards, and apply preventative measures. The stability and resilience of agricultural operations are improved by this component of risk mitigation.
Agriculture analytics optimises the use of water, fertilisers, and energy to support effective resource management. Farmers may accurately schedule irrigation and only apply water when necessary by keeping an eye on crop growth trends, weather patterns, and soil moisture levels. Similar to how data-driven insights allow for focused application of fertilisers and other inputs, they also minimise waste and maximise resource utilisation. Cost reductions, a lessening of the influence on the environment, and sustainable farming methods are the results of this optimisation.
Beyond the farm gate, agriculture analytics aids in the optimisation of the entire supply chain for agriculture. As a result, farmers are able to better match production to market demands by better projecting crop yields, market demand, and pricing patterns. Analytics also helps with logistics planning, inventory control, and transportation optimisation, ensuring that agricultural products are delivered to markets effectively. Increased consumer happiness, decreased food waste, and higher profitability are all effects of supply chain optimisation.
Farmers who use data analytics can increase production and profitability. Resource allocation, risk mitigation, and supply chain optimisation lead to higher yields, lower costs, and better financial outcomes. A farmer’s bottom line can profit from decisions made utilising agriculture analytics that are supported by data.
By facilitating improved resource management, reducing waste, and minimising environmental effect, agriculture analytics supports sustainable farming practises. Farmers may use less water, use less agrochemicals, prevent soil erosion, and maintain biodiversity by maximising inputs and implementing precision agriculture practises. The use of analytics in agriculture supports the objectives of environmental protection and sustainable development.
Report Objectives
- To define, describe, and forecast the Agriculture Analytics Market by offering, agriculture type, farm size, technology, end users, and region
- To provide detailed information about the major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the market growth
- To analyze the opportunities in the market and provide details of the competitive landscape for stakeholders and market leaders
- To forecast the market size of the segments with respect to five main regions: North America, Europe, Asia Pacific, Middle East and Africa, and Latin America
- To profile the key players and comprehensively analyze their market rankings and core competencies
- To analyze competitive developments, such as mergers and acquisitions, new product developments, and R&D activities in the market
- To analyze the impact of recession across all the regions across the Agriculture Analytics Market.
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DUBAI, UAE, Nov. 15, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, opens up the November arena for the Bybit Crypto Titans trading competition. Available for users in select regions, a prize pool of 55,000 USDT will be available for a limited time only.
From now to Nov. 30, eligible traders can level up their trading strategies and amplify their winning chances by inviting friends to share two prize pools in two simple steps: register for the event at the Grand Arena, and invite friends and trade.
Battlefields: Once in the Arena, users can pick their battlefields. Up to 30,000 USDT are up for grabs in the Team Battlefield ranked by total trading volume, while another 15,000 USDT is reserved for traders in the Solo Battlefield competing by PnL(%).
More perks: Additionally, top traders and leaders will receive extra perks. Participants will receive a bonus 5 USDT for every new qualified referee, and the first 50 Team Leaders whose team exceeds a threshold amount in trading volume will be entitled to a 100 USDT bonus.
“As trading volumes overall are climbing, we are seeing so many talented traders in our community with a knack for navigating fast-moving markets. This event gives some of them an incentive to share their passion with their friends, and there is room for rewards for the solo trading pros to shine as well,” said Joan Han, Sales and Marketing Director of Bybit.
Market sentiment and activities have been trending up in recent weeks globally, and the enthusiasm is shared among users in niche markets. While traders rush to capture opportunities in a heated market, the Crypto Titans competition encourages users to bring out the best trading game and hone their trading skills for healthier returns.
Find out more about Bybit’s Crypto Titans: November Showdown, terms and conditions apply.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press
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With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.
The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.
- Prosperity or catastrophe: #Insurance2040 study reveals four possible futures for the industry
By 2040, technological innovation driven by customer centricity could pave the way to greater climate resilience and more personalized offerings by the insurance industry. Alternatively, insurance could become a luxury afforded only to the wealthiest few. - Cardinal Health announces two strategic additions to its portfolio
Cardinal Health will acquire a majority stake in GI Alliance (GIA), the country’s leading gastroenterology (GI) management services organization (MSO), from a combination of GIA physician owners and funds managed by affiliates of Apollo. Cardinal Health will also acquire the Advanced Diabetes Supply Group (ADSG), one of the country’s leading diabetic medical supplies providers, for approximately $1.1 billion in cash. - BlackRock Launches New BUIDL Share Classes Across Multiple Blockchains to Expand Access and Potential of BUIDL Ecosystem
This initiative represents the next step in the evolution of the tokenization market, by enabling BUIDL to be used within leading blockchain-based financial products and infrastructure across ecosystems. - Primo Brands Corporation Announces Successful Completion of Merger of Primo Water and BlueTriton Brands
“I believe Primo Brands is positioned to be a leader in the healthy hydration beverage category, thanks to the strength of its iconic, sustainably-sourced brands, its robust operations and extensive North American network, and its responsible operation of numerous springs across the country,” said Dean Metropoulos, Non-Executive Chairman of the Board of Directors of Primo Brands. - Jackson Hewitt Tax Services Expands Workforce, Offering Job Opportunities Nationwide for Upcoming Tax Filing Season
The week-long event will launch the combined hiring of 18,000 employees to prepare for the upcoming tax filing season. The Jackson Hewitt hiring events are open to the public and include on-site interviews. Qualified candidates could receive a job offer immediately. - PNC Bank to Double Planned Branch Openings to More Than 200 Across Six States This announcement brings the bank’s total investment to approximately $1.5 billion to open more than 200 new branch locations in 12 cities across the U.S. over the next five years, while completing the renovations of 1,400 existing branches during the same time period.
- Alchemy Pay Expands Virtual Card Functionality with Google Pay Support The new card BINs added will significantly enhance the capabilities of crypto cards, expanding their support for a broader range of payment scenarios and improving transaction success rates. This advancement is particularly impactful when paired with Google Pay, one of the most popular and widely used digital payment platforms, trusted by millions for its convenience and security.
- Finaya Unveils Nationwide Homeownership Platform
From providing rich and current information about home values and property conditions, to finding helpful repair and remodeling providers, to shopping for and securing the right insurance, the platform simplifies the homeownership process, making it more accessible, convenient and efficient. - GenAI predicted to inspire revenue growth in 76% of businesses, but only 4% qualify as “leaders” in AI and analytics
Kearney’s report confirms that businesses are not only aware of how big data, AI, and analytics will impact revenue generation and enhance business strategies, but they are investing to stay ahead of the curve, too. - GameAbove Sports Acquires Meaningful Ownership Stake in Brisbane Bullets with NBA Legend George Gervin as Part of Ownership Team
This move marks a significant milestone for GameAbove Sports, a CapStone Holdings Inc. company, as it expands its influence on international basketball ahead of the Brisbane 2032 Olympics. - Most US shoppers are encountering generative AI while shopping without realizing it
A survey of 700 online shoppers in the US shows 71% are unaware of having used generative AI while shopping online even though most had recently shopped at retailers currently using it. 41% of customers say they would feel comfortable using a generative AI tool from a brand they trust.
For more news like this, check out all of the latest finance-related releases from PR Newswire.
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Blockchain Press Releases
Blockchain for Good Alliance Hosts Web3 Oscar, Celebrating Innovators Advancing UN’s Sustainable Development Goals
DUBAI, UAE, Nov. 14, 2024 /PRNewswire/ — The highly anticipated Web3 Oscar, a prestigious event hosted by the Blockchain for Good Alliance (BGA), celebrating blockchain projects driving real-world impact aligned with the UN’s 17 Sustainable Development Goals (SDGs). Industry leaders gathered in Bangkok to honour innovators shaping a sustainable future.
The event was part of BGA’s November lineup, featuring two major initiatives for global change through blockchain: the Sustainable Innovation Summit and the Web3 Oscar Awards.
Sustainable Innovation Summit: A Hackathon for Social Impact
Held from September 9 to November 11, 2024, the Sustainable Innovation Summit hosted a hackathon with a $100,000 prize pool, inviting participants worldwide to create blockchain solutions addressing key issues such as poverty, clean water access, and gender equality. The summit concluded with a Demo Day at the Grand Hyatt Erawan in Bangkok, where finalists showcased their projects to blockchain pioneers, investors, and industry leaders, with opportunities for incubation support and equity-free funding.
Rising Stars
In a cinematic presentation style, 10 shortlisted projects from across the globe, participating in the Sustainable Innovation Summit’s 17 SDGs Challenge, took the stage. Each team presented their blockchain solutions to address sustainability challenges, telling the story of a “hero” confronting a global crisis (one of the 17 SDGs), with blockchain as the “tool” they wield for change.
Winners for the 17 SDGs Challenge:
- 1st Place: Grand Social Impact Award 🥇 EthicHub
- 2nd Place: Outstanding Social Innovation Award 🥈 Plastic Odyssey
- 3rd Place: Emerging Impact Award 🥉 ResearchHub
Rising Star Awards (top 10 projects, in no specific order):
- Wavy Health
- LAKE (LAK3)
- KulaDAO
- erable°
- arkreen
- UCO Network
- Edu3Labs
Web3 Oscar Awards: Honouring Leaders in Blockchain for Social Good
Coinciding with the hackathon’s Demo Day on November 11, the BGA Web3 Oscar Award recognizes individual contributions to blockchain for social good across three categories, with up to 7 total winners.
Each category highlights individual efforts aligning with BGA’s mission.
The Collaboration Bridge Award honours individuals who have played a vital role in guiding the strategic direction of the Blockchain for Good Alliance (BGA). This year’s recipients are:
- Harn, CEO of Trigger Asset Management
- Mariana de la Roche Wills from INATBA (International Association for Trusted Blockchain Applications) and de la Roche W. Consulting
The Public Welfare Contribution Award celebrates individuals who have harnessed #BlockchainForGood. This award was presented to:
- BreeAnne Yek, Consultant at The Verdant Room
- Milica Dimitrijevic from Positiveblockchain.io
These individuals have demonstrated remarkable dedication, guidance, and pioneering work, significantly advancing the mission of the Blockchain for Good Alliance (BGA) in promoting sustainable development through blockchain technology.
In her closing remarks, Helen Liu, Co-founder and COO of Bybit and founder of BGA, explained how blockchain can bring people together to make a real difference worldwide. Her vision for leveraging blockchain to create worldwide impact was both inspiring and forward-thinking.
About Blockchain for Good Alliance (BGA)
The Blockchain for Good Alliance (BGA) is a long term collaborative non-profit initiative with key partners with the main aim to contribute to societal good by using blockchain technology to solve real world problems. By convening leaders, innovators, and organisations from across the blockchain community, BGA seeks to drive innovation, collaboration, and action towards a more sustainable and equitable world.
For more information
Email: [email protected]
Website: www.blockchainforgood.xyz
Twitter: www.twitter.com/chainforgood
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