Global Big Data Market in the Agriculture Sector 2018-2022 | Increasing Adoption of Smart Farming Techniques to Boost Growth | Technavio

The global
big data market in the agriculture sector 2018-2022 is expected
to post a CAGR of close to 20% during the forecast period,
according to the latest market research report by Technavio.

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Technavio has published a new market research report on the global big data market in the agriculture sector from 2018-2022. (Graphic: Business Wire)

A key factor driving the growth of the market is the increasing adoption
of smart farming techniques. Digitalization has helped in improving the
agriculture sector. Smart farming is one of the essential techniques of
digitalization used in agriculture. Smart farming includes the use of
several advanced technologies such as the IoT, big data, and connected
devices in farming. It provides high-precision crop control, useful data
collection, and automated farming.

This market research report on the global big data market in the
agriculture sector 2018-2022 also provides an analysis of the most
important trends expected to impact the market outlook during the
forecast period. Technavio classifies an emerging trend as a major
factor that has the potential to significantly impact the market and
contribute to its growth or decline.

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In this report, Technavio highlights the growing popularity of
spatiotemporal big data analytics in agriculture as one of the key
emerging trends in the global big data market in the agriculture sector:

Global big data market in the agriculture
sector: Growing popularity of spatiotemporal big data analytics in
agriculture

Big data analytics offers a wide range of opportunities for generating
new hypotheses from large datasets, which are generally time-consuming
and tedious for human researchers. In the supply chain analysis of food,
it is important to understand the high-risk areas where failure can lead
to severe implications.

“Spatiotemporal big data analytics is conducted using high-resolution
satellite data to monitor crops on a large scale. It provides
spatiotemporal hotspot detection that helps in identifying the risks in
heavily localized plants, which are vulnerable to climate change and
natural disasters. It also offers spatial optimization of land cover and
land use allocation for agriculture,” says a senior market research
analyst at Technavio.

Global big data market in the agriculture
sector: Segmentation analysis

This market research report segments the global big data market in the
agriculture sector by product (services and software) and geographical
regions (APAC, EMEA, and the Americas).

The services segment held the largest market share in 2017, accounting
for more than 58% of the market. This product segment is expected to
dominate the global market throughout the forecast period.

The Americas led the market in 2017 with a share of close to 41%. It was
followed by EMEA and APAC respectively. The Americas is expected to
dominate the global market throughout the period 2018-2022.

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Some of the key topics covered in the report include:

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

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View source version on businesswire.com: https://www.businesswire.com/news/home/20180710005759/en/

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