Agriculture Technologies Market
Agriculture Technologies Market Forecasts to 2030 - Global Analysis By Offering (Software, Services, Hardware), Solution (Supervisory control and Data Acquisition, Smart Water Management, Network Management, Agriculture Asset Management, Logistics and Supply Chain Management), Application and by Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $23.65 MN |
|
Projected Year Value (2030) |
US $63.78 MN |
|
CAGR (2023 - 2030) |
15.2% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Europe |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Agriculture Technologies Market is accounted for $23.65 billion in 2023 and is expected to reach $63.78 billion by 2030 growing at a CAGR of 15.2% during the forecast period. The term "agriculture technologies," usually referred to as "agtech" or "agricultural tech," refers to a broad range of creative approaches that combine biological, mechanical, and digital systems. It refers to the area which covers the creation, use, and implementation of cutting-edge agricultural technologies and solutions. These technologies are intended to improve crop production, animal management, and farm operations, as well as productivity, efficiency, sustainability, and profitability. To gather data and assess field conditions, this entails the use of sensors, GPS technology, drones, and other instruments.
Market Dynamics:
Driver:
Government support with new methods in farming
Sustainable agricultural methods that reduce environmental effects are becoming more and more in demand. Agriculture technology provides sustainable agriculture solutions, such as organic farming methods, integrated pest control, and soil health monitoring, which help reduce the use of chemicals, enhance resource management, and have a smaller impact on the environment. Moreover, numerous governments provide financial incentives, grants, and subsidies to promote the use of agriculture technology solutions, which further fuels the market's expansion.
Restraint:
Less skilled farmer
Smallholder farmers encounter difficulties at every stage of the agricultural process, from crop planning and input acquisition to harvest, processing, and product sales. Insufficient knowledge is a major cause of many of these difficulties. Financial illiteracy and the inability to supply the information required by financial institutions for credit analysis and loan assessment may make it more difficult for smallholder farmers to get better credit facilities. This is expected to slow market expansion.
Opportunity:
Increased global use of technology in agriculture
Over time, it has been thought that agricultural development practices use up natural resources more quickly than they can be replenished. The "natural" carrying capacity of the land is under strain to meet the demand for food and shelter brought on by the exponential expansion in the human population. It is reasonable to predict that the agro ecosystem will face increased demands as a result of the continued growth of the human population. Therefore, technology plays a vital role in agricultural and sustainable development and will continue to do so in the future.
Threat:
High expenses with poor internet connection
Agriculture technology solutions frequently involve a substantial upfront investment in infrastructure, software, and hardware. Particularly for small-scale farmers who do not have the financial resources to invest in cutting-edge technologies, the high cost of adoption might be a substantial barrier. Additionally, farmers may suffer as a result of factors such as poor internet connectivity, inadequate infrastructure, and a lack of technical skills that prevent the widespread use of Agriculture technology.
Covid-19 Impact:
The market for agriculture technologies has been negatively impacted by the COVID-19 epidemic in a number of ways. The investments and funding have decreased as a result of the economic uncertainties brought on by the pandemic. The amount of funding available for Agriculture technology businesses and projects has decreased as venture capital firms and investors have become more risk-averse and have turned their attention to more stable industries. This has affected the industry's rate of innovation. Furthermore, governments all around the world during epidemic focused their efforts on improving public health and reviving the economy but the financing and support for agricultural development programs, especially those using agricultural technologies, have decreased as a result of this change in priorities.
The livestock monitoring segment is expected to be the largest during the forecast period
During the forecast period, the livestock monitoring segment will projected to be the largest. Farmers may track their animals even when they are not physically present thanks to the remote monitoring features that are frequently included in livestock monitoring solutions. Farmers can quickly respond to emergencies, keep an eye on crucial events like calving or lambing, and safeguard the welfare of their livestock via mobile applications or web-based platforms. It provides enormous volumes of data that may be studied to learn more about management techniques, health patterns, and animal performance. Tools for advanced analytics and data management assist farmers in making data-driven decisions, streamlining processes, and raising output in general. Additionally, benchmarking and industry-wide research can benefit from aggregated and anonymized data from many farms.
The Software segment is expected to have the highest CAGR during the forecast period
Over the projection period, the segment for software is anticipated to have the greatest CAGR.
To optimize farming methods at the field level, agriculture software uses data from different sources, including satellite imaging, drones, sensors, and GPS. With the aid of these software programs, farmers may produce exact variable rate maps for irrigation, fertilizer application, and seeding. Precision agricultural software enables farmers to improve resource allocation, lower input costs, and increase yields by analyzing data on soil composition, moisture levels, and crop health. Moreover, these software programs increase food safety, decrease waste, increase supply chain visibility, and facilitate effective logistics management.
Region with largest share:
The Europe is expected to have largest share due to the expansion of agricultural technology, which is enhanced by a surge in the number of new companies developing agricultural and food innovations, high adoption rates and crowd sourcing for various indoor agricultural projects. Moreover, the market for agricultural technologies in Europe is a rapidly growing sector that includes a wide range of cutting-edge solutions designed to increase agricultural production, efficiency, and sustainability. Additionally, European governments have promoted the adoption of cutting-edge technologies through funding initiatives, subsidies, and incentives. Therefore, these programs aim to promote technology transfer, assist research and development, and hasten the implementation of agricultural innovations in the region.
Region with highest CAGR:
The Asia Pacific is projected to have the highest CAGR over the forecast period, due to the result of population increase, rising disposable income, and the use of various technologies in the agriculture and food sectors. Moreover, startups and innovation centers focused on agricultural technology are growing in the Asia-Pacific area. Hence, these firms focus on developing regionally tailored solutions that deal with the unique constraints posed by the local climate, smallholder farming, tropical crops, and other circumstances which results in the expansion of market growth.
Key players in the market
Some of the key players in Agriculture Technologies Market include AG Leader Technology, AGCO Corporation, Agjunction Inc., Certhon, Cropmetrics LLC, Deere & Company, Dickey-John Corporation, Nexus Corporation, Precision Planting, Inc., Raven Industries, SST Development Group, Inc., Teejet Technologies, Topcon Positioning Systems, Inc., Trimble, Inc.
Key Developments:
In January 2023, John Deere has launched two battery-powered, walk-behind greens mowers and announced further hybrid innovations to its existing product range.
In February 2022, Deere & Company is expanding its U.S. footprint and technology operations with a new office in Austin, Texas. The new location enables Deere to further strengthen its technology capabilities and attract talent interested in solving some of the world's most pressing challenges – including feeding a growing population.
Offerings Covered:
• Software
• Services
• Hardware
Solutions Covered:
• Supervisory control and Data Acquisition
• Smart Water Management
• Network Management
• Agriculture Asset Management
• Logistics and Supply Chain Management
Applications Covered:
• Live Stock Monitoring
• Precision Farming
• Fish Farming
• Smart Greenhouse
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Agriculture Technologies Market, By Offering
5.1 Introduction
5.2 Software
5.3 Services
5.4 Hardware
6 Global Agriculture Technologies Market, By Solution
6.1 Introduction
6.2 Supervisory control and Data Acquisition
6.3 Smart Water Management
6.4 Network Management
6.5 Agriculture Asset Management
6.6 Logistics and Supply Chain Management
7 Global Agriculture Technologies Market, By Application
7.1 Introduction
7.2 Live Stock Monitoring
7.3 Precision Farming
7.4 Fish Farming
7.5 Smart Greenhouse
7.6 Other Applications
8 Global Agriculture Technologies Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 AG Leader Technology
10.2 AGCO Corporation
10.3 Agjunction, Inc.
10.4 Certhon
10.5 Cropmetrics LLC
10.6 Deere & Company
10.7 Dickey-John Corporation
10.8 Nexus Corporation
10.9 Precision Planting, Inc.
10.10 Raven Industries
10.11 SST Development Group, Inc.
10.12 Teejet Technologies
10.13 Topcon Positioning Systems, Inc.
10.14 Trimble, Inc.
List of Tables
1 Global Agriculture Technologies Market Outlook, By Region (2021-2030) ($MN)
2 Global Agriculture Technologies Market Outlook, By Offering (2021-2030) ($MN)
3 Global Agriculture Technologies Market Outlook, By Software (2021-2030) ($MN)
4 Global Agriculture Technologies Market Outlook, By Services (2021-2030) ($MN)
5 Global Agriculture Technologies Market Outlook, By Hardware (2021-2030) ($MN)
6 Global Agriculture Technologies Market Outlook, By Solution (2021-2030) ($MN)
7 Global Agriculture Technologies Market Outlook, By Supervisory control and Data Acquisition (2021-2030) ($MN)
8 Global Agriculture Technologies Market Outlook, By Smart Water Management (2021-2030) ($MN)
9 Global Agriculture Technologies Market Outlook, By Network Management (2021-2030) ($MN)
10 Global Agriculture Technologies Market Outlook, By Agriculture Asset Management (2021-2030) ($MN)
11 Global Agriculture Technologies Market Outlook, By Logistics and Supply Chain Management (2021-2030) ($MN)
12 Global Agriculture Technologies Market Outlook, By Application (2021-2030) ($MN)
13 Global Agriculture Technologies Market Outlook, By Live Stock Monitoring (2021-2030) ($MN)
14 Global Agriculture Technologies Market Outlook, By Precision Farming (2021-2030) ($MN)
15 Global Agriculture Technologies Market Outlook, By Fish Farming (2021-2030) ($MN)
16 Global Agriculture Technologies Market Outlook, By Smart Greenhouse (2021-2030) ($MN)
17 Global Agriculture Technologies Market Outlook, By Other Applications (2021-2030) ($MN)
18 North America Agriculture Technologies Market Outlook, By Country (2021-2030) ($MN)
19 North America Agriculture Technologies Market Outlook, By Offering (2021-2030) ($MN)
20 North America Agriculture Technologies Market Outlook, By Software (2021-2030) ($MN)
21 North America Agriculture Technologies Market Outlook, By Services (2021-2030) ($MN)
22 North America Agriculture Technologies Market Outlook, By Hardware (2021-2030) ($MN)
23 North America Agriculture Technologies Market Outlook, By Solution (2021-2030) ($MN)
24 North America Agriculture Technologies Market Outlook, By Supervisory control and Data Acquisition (2021-2030) ($MN)
25 North America Agriculture Technologies Market Outlook, By Smart Water Management (2021-2030) ($MN)
26 North America Agriculture Technologies Market Outlook, By Network Management (2021-2030) ($MN)
27 North America Agriculture Technologies Market Outlook, By Agriculture Asset Management (2021-2030) ($MN)
28 North America Agriculture Technologies Market Outlook, By Logistics and Supply Chain Management (2021-2030) ($MN)
29 North America Agriculture Technologies Market Outlook, By Application (2021-2030) ($MN)
30 North America Agriculture Technologies Market Outlook, By Live Stock Monitoring (2021-2030) ($MN)
31 North America Agriculture Technologies Market Outlook, By Precision Farming (2021-2030) ($MN)
32 North America Agriculture Technologies Market Outlook, By Fish Farming (2021-2030) ($MN)
33 North America Agriculture Technologies Market Outlook, By Smart Greenhouse (2021-2030) ($MN)
34 North America Agriculture Technologies Market Outlook, By Other Applications (2021-2030) ($MN)
35 Europe Agriculture Technologies Market Outlook, By Country (2021-2030) ($MN)
36 Europe Agriculture Technologies Market Outlook, By Offering (2021-2030) ($MN)
37 Europe Agriculture Technologies Market Outlook, By Software (2021-2030) ($MN)
38 Europe Agriculture Technologies Market Outlook, By Services (2021-2030) ($MN)
39 Europe Agriculture Technologies Market Outlook, By Hardware (2021-2030) ($MN)
40 Europe Agriculture Technologies Market Outlook, By Solution (2021-2030) ($MN)
41 Europe Agriculture Technologies Market Outlook, By Supervisory control and Data Acquisition (2021-2030) ($MN)
42 Europe Agriculture Technologies Market Outlook, By Smart Water Management (2021-2030) ($MN)
43 Europe Agriculture Technologies Market Outlook, By Network Management (2021-2030) ($MN)
44 Europe Agriculture Technologies Market Outlook, By Agriculture Asset Management (2021-2030) ($MN)
45 Europe Agriculture Technologies Market Outlook, By Logistics and Supply Chain Management (2021-2030) ($MN)
46 Europe Agriculture Technologies Market Outlook, By Application (2021-2030) ($MN)
47 Europe Agriculture Technologies Market Outlook, By Live Stock Monitoring (2021-2030) ($MN)
48 Europe Agriculture Technologies Market Outlook, By Precision Farming (2021-2030) ($MN)
49 Europe Agriculture Technologies Market Outlook, By Fish Farming (2021-2030) ($MN)
50 Europe Agriculture Technologies Market Outlook, By Smart Greenhouse (2021-2030) ($MN)
51 Europe Agriculture Technologies Market Outlook, By Other Applications (2021-2030) ($MN)
52 Asia Pacific Agriculture Technologies Market Outlook, By Country (2021-2030) ($MN)
53 Asia Pacific Agriculture Technologies Market Outlook, By Offering (2021-2030) ($MN)
54 Asia Pacific Agriculture Technologies Market Outlook, By Software (2021-2030) ($MN)
55 Asia Pacific Agriculture Technologies Market Outlook, By Services (2021-2030) ($MN)
56 Asia Pacific Agriculture Technologies Market Outlook, By Hardware (2021-2030) ($MN)
57 Asia Pacific Agriculture Technologies Market Outlook, By Solution (2021-2030) ($MN)
58 Asia Pacific Agriculture Technologies Market Outlook, By Supervisory control and Data Acquisition (2021-2030) ($MN)
59 Asia Pacific Agriculture Technologies Market Outlook, By Smart Water Management (2021-2030) ($MN)
60 Asia Pacific Agriculture Technologies Market Outlook, By Network Management (2021-2030) ($MN)
61 Asia Pacific Agriculture Technologies Market Outlook, By Agriculture Asset Management (2021-2030) ($MN)
62 Asia Pacific Agriculture Technologies Market Outlook, By Logistics and Supply Chain Management (2021-2030) ($MN)
63 Asia Pacific Agriculture Technologies Market Outlook, By Application (2021-2030) ($MN)
64 Asia Pacific Agriculture Technologies Market Outlook, By Live Stock Monitoring (2021-2030) ($MN)
65 Asia Pacific Agriculture Technologies Market Outlook, By Precision Farming (2021-2030) ($MN)
66 Asia Pacific Agriculture Technologies Market Outlook, By Fish Farming (2021-2030) ($MN)
67 Asia Pacific Agriculture Technologies Market Outlook, By Smart Greenhouse (2021-2030) ($MN)
68 Asia Pacific Agriculture Technologies Market Outlook, By Other Applications (2021-2030) ($MN)
69 South America Agriculture Technologies Market Outlook, By Country (2021-2030) ($MN)
70 South America Agriculture Technologies Market Outlook, By Offering (2021-2030) ($MN)
71 South America Agriculture Technologies Market Outlook, By Software (2021-2030) ($MN)
72 South America Agriculture Technologies Market Outlook, By Services (2021-2030) ($MN)
73 South America Agriculture Technologies Market Outlook, By Hardware (2021-2030) ($MN)
74 South America Agriculture Technologies Market Outlook, By Solution (2021-2030) ($MN)
75 South America Agriculture Technologies Market Outlook, By Supervisory control and Data Acquisition (2021-2030) ($MN)
76 South America Agriculture Technologies Market Outlook, By Smart Water Management (2021-2030) ($MN)
77 South America Agriculture Technologies Market Outlook, By Network Management (2021-2030) ($MN)
78 South America Agriculture Technologies Market Outlook, By Agriculture Asset Management (2021-2030) ($MN)
79 South America Agriculture Technologies Market Outlook, By Logistics and Supply Chain Management (2021-2030) ($MN)
80 South America Agriculture Technologies Market Outlook, By Application (2021-2030) ($MN)
81 South America Agriculture Technologies Market Outlook, By Live Stock Monitoring (2021-2030) ($MN)
82 South America Agriculture Technologies Market Outlook, By Precision Farming (2021-2030) ($MN)
83 South America Agriculture Technologies Market Outlook, By Fish Farming (2021-2030) ($MN)
84 South America Agriculture Technologies Market Outlook, By Smart Greenhouse (2021-2030) ($MN)
85 South America Agriculture Technologies Market Outlook, By Other Applications (2021-2030) ($MN)
86 Middle East & Africa Agriculture Technologies Market Outlook, By Country (2021-2030) ($MN)
87 Middle East & Africa Agriculture Technologies Market Outlook, By Offering (2021-2030) ($MN)
88 Middle East & Africa Agriculture Technologies Market Outlook, By Software (2021-2030) ($MN)
89 Middle East & Africa Agriculture Technologies Market Outlook, By Services (2021-2030) ($MN)
90 Middle East & Africa Agriculture Technologies Market Outlook, By Hardware (2021-2030) ($MN)
91 Middle East & Africa Agriculture Technologies Market Outlook, By Solution (2021-2030) ($MN)
92 Middle East & Africa Agriculture Technologies Market Outlook, By Supervisory control and Data Acquisition (2021-2030) ($MN)
93 Middle East & Africa Agriculture Technologies Market Outlook, By Smart Water Management (2021-2030) ($MN)
94 Middle East & Africa Agriculture Technologies Market Outlook, By Network Management (2021-2030) ($MN)
95 Middle East & Africa Agriculture Technologies Market Outlook, By Agriculture Asset Management (2021-2030) ($MN)
96 Middle East & Africa Agriculture Technologies Market Outlook, By Logistics and Supply Chain Management (2021-2030) ($MN)
97 Middle East & Africa Agriculture Technologies Market Outlook, By Application (2021-2030) ($MN)
98 Middle East & Africa Agriculture Technologies Market Outlook, By Live Stock Monitoring (2021-2030) ($MN)
99 Middle East & Africa Agriculture Technologies Market Outlook, By Precision Farming (2021-2030) ($MN)
100 Middle East & Africa Agriculture Technologies Market Outlook, By Fish Farming (2021-2030) ($MN)
101 Middle East & Africa Agriculture Technologies Market Outlook, By Smart Greenhouse (2021-2030) ($MN)
102 Middle East & Africa Agriculture Technologies Market Outlook, By Other Applications (2021-2030) ($MN)
List of Figures
List of Figures
Figure 1 Global Agriculture Technologies Market Outlook (2021-2030) ($MN)
Figure 2 North America Agriculture Technologies Market Outlook (2021-2030) ($MN)
Figure 3 US Agriculture Technologies Market Outlook (2021-2030) ($MN)
Figure 4 Canada Agriculture Technologies Market Outlook (2021-2030) ($MN)
Figure 5 Mexico Agriculture Technologies Market Outlook (2021-2030) ($MN)
Figure 6 Europe Agriculture Technologies Market Outlook (2021-2030) ($MN)
Figure 7 Germany Agriculture Technologies Market Outlook (2021-2030) ($MN)
Figure 8 UK Agriculture Technologies Market Outlook (2021-2030) ($MN)
Figure 9 Italy Agriculture Technologies Market Outlook (2021-2030) ($MN)
Figure 10 France Agriculture Technologies Market Outlook (2021-2030) ($MN)
Figure 11 Spain Agriculture Technologies Market Outlook (2021-2030) ($MN)
Figure 12 Rest of Europe Agriculture Technologies Market Outlook (2021-2030) ($MN)
Figure 13 Asia Pacific Agriculture Technologies Market Outlook (2021-2030) ($MN)
Figure 14 Japan Agriculture Technologies Market Outlook (2021-2030) ($MN)
Figure 15 China Agriculture Technologies Market Outlook (2021-2030) ($MN)
Figure 16 India Agriculture Technologies Market Outlook (2021-2030) ($MN)
Figure 17 Australia Agriculture Technologies Market Outlook (2021-2030) ($MN)
Figure 18 New Zealand Agriculture Technologies Market Outlook (2021-2030) ($MN)
Figure 19 South Korea Agriculture Technologies Market Outlook (2021-2030) ($MN)
Figure 20 Rest of Asia Pacific Agriculture Technologies Market Outlook (2021-2030) ($MN)
Figure 21 South America Agriculture Technologies Market Outlook (2021-2030) ($MN)
Figure 22 Argentina Agriculture Technologies Market Outlook (2021-2030) ($MN)
Figure 23 Brazil Agriculture Technologies Market Outlook (2021-2030) ($MN)
Figure 24 Chile Agriculture Technologies Market Outlook (2021-2030) ($MN)
Figure 25 Rest of South America Agriculture Technologies Market Outlook (2021-2030) ($MN)
Figure 26 Middle East & Africa Agriculture Technologies Market Outlook (2021-2030) ($MN)
Figure 27 Saudi Arabia Agriculture Technologies Market Outlook (2021-2030) ($MN)
Figure 28 UAE Agriculture Technologies Market Outlook (2021-2030) ($MN)
Figure 29 Qatar Agriculture Technologies Market Outlook (2021-2030) ($MN)
Figure 30 South Africa Agriculture Technologies Market Outlook (2021-2030) ($MN)
Figure 31 Rest of Middle East & Africa Agriculture Technologies Market Outlook (2021-2030) ($MN)
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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