Click here to register now to purchase or access our free content
Exclusive to Juniper Research, harvest provides deep insight and market forecasting for your business. Our data is continually updated by our analyst team, giving you the latest market intelligence as it develops with an easy-to-use interface.
Our subscription packages are highly flexible, allowing you to customise them to meet your exact requirements. This model, coupled with a seatless approach, means we deliver the insights you need for your entire team. Subscribers benefit from updates, analyst time and dedicated account managers.
Clients have direct access to our expert analyst team. Whether you wish to discuss an existing research piece or find more information in a research area.
Hampshire, UK – 23rd November 2020: A new study from Juniper Research has found that the total value of the Agtech market (Agricultural Technology) will reach $22.5 billion by 2025; rising from $9 billion in 2020. This represents a growth rate of 150% over the next five years. The Agtech market is comprised of services such as agricultural sensors for crop management, GPS field mapping, and supply chain management, with the ultimate goal of increasing yields and reducing costs through connectivity and data insight.
The study, Agtech: Market Outlook, Emerging Opportunities & Forecasts 2020-2025, identified agricultural sensors and supply chain management as key revenue-generating services over the next five years. These two services are anticipated to account for 67% of market value by 2025; owing to emerging solutions that enable low-cost data collection and analysis on agriculture operations.
For more insights, download our free whitepaper: Why Agtech Will Grow in 2021.
Low-power connectivity solutions are key to future growth by offering affordable options that provide clear return on investment to agricultural stakeholders operating in an industry with tight profit margins. The research predicts that the need to automate data collection processes will drive the number of monitoring sensors to 436 million by 2025; rising from 170 million in 2020. These sensors will enable the monitoring of climate, hydration and soil pH levels, to minimise operational inefficiencies.
Microfarming is the process of utilising small geographical areas for agriculture and often leverages connectivity technologies to monitor and manage small-scale crop production. The report predicts that microfarming services will exceed $6.7 billion by 2025; growing from $2.7 billion in 2020; driven by the development of innovative agtech services, such as vertical farming and automated crop management.
Research co-author Sam Barker remarked, ‘By 2025, 75% of microfarming’s market value will be attributable to platform spend. We suggest Agtech platforms focus on automation software as a key differentiation point to attract high-spending Agtech users.’
Juniper Research provides research and analytical services to the global hi-tech communications sector; providing consultancy, analyst reports and industry commentary.
For further details please contact Sam Smith, Press Relations
T: +44(0)1256 830002
For the in-depth research on this sector conducted by our expert analysts, please view our related full research products below.
Proud to support
Juniper Research Ltd is registered in England & Wales Company No 4365384 © Copyright 2023 Juniper Research Ltd and its licensors - All Rights Reserved