Cloud Computing in Agriculture - Thematic Intelligence

Cloud Computing in Agriculture - Thematic Intelligence

Summary

Cloud computing refers to the provision of IT infrastructure, operating software, middleware, and applications hosted within a data center and accessed by the end user via the internet. Key segments for the agricultural sector include cloud services (specifically software as a service (SaaS), platform as a service (PaaS), and infrastructure as a service (IaaS)). Vendors providing SaaS platforms help farmers understand this huge amount of data, not just from their farms but across regions. The platforms are aggregating, centralizing, and analyzing farm data, helping farmers and the wider industry adopt precision agricultural techniques while eliminating the need for farmers to purchase and maintain expensive IT infrastructure.

This thematic report takes an in-depth look at cloud computing and its importance to the agricultural sector.

Firstly, the value chain section provides an in-depth description of each segment - Cloud services (PaaS and IaaS), Cloud services (SaaS) and Cloud professional services.

The challenges section outlines the key challenges currently faced by the agricultural sector. This is followed by an impact assessment detailing the areas in cloud computing where agricultural companies should focus and outlines how these challenges have accelerated the need for cloud computing.

The case study section highlights the cloud computing within the agricultural sector.

The report further outlines the specialist vendors and leading adopters of cloud computing in the agricultural sector.

The data analysis section primarily focuses on market size and growth forecasts of the cloud computing sector. It also includes mergers and acquisition, Patent trends, Company filings trends, Cloud computing timeline and Hiring trends within the cloud computing market. Finally, the report profiles companies making their mark within this theme.

Key Highlights

Cloud computing refers to the provision of IT infrastructure, operating software, middleware, and applications hosted within a data center and accessed by the end user via the internet. Key segments for the agricultural sector include cloud services (specifically software as a service (SaaS), platform as a service (PaaS), and infrastructure as a service (IaaS)). Global cloud services revenue was $340.4 billion in 2021 and will grow at a compound annual growth rate (CAGR) of 17.7% between 2021 and 2026, reaching $768.5 billion by the end of the period. The majority of cloud services revenue is derived from SaaS.

Cloud computing helps farmers achieve precision agriculture: a management technique based on responding to the spatiotemporal variability of crops for improved resource efficiency. Precision agriculture requires a vast amount of data from onsite sensors and satellite imagery. This information is collected and sent to the cloud, where it is aggregated to help farmers make decisions about their crop or livestock management.

The agricultural industry is impacted by the huge variability inherent in biological systems. This variability is further exacerbated by extreme weather and geopolitical events. Cloud computing helps agricultural companies deal with this variability by providing computing power on a usage basis. Therefore, agricultural players can process varying amounts of fluctuating data as and when required without wasting resources on maintaining computing infrastructure or paying for services when they are not required.

The agricultural sector is undergoing a technological revolution, and the adoption of cloud computing is central to this. Cloud computing helps farming to achieve precision agriculture. The vast amount of data required from the farm can be collected, stored and analysed to better understand crop health. There is rapid innovation in the area, helping farmers and the wider industry adopt precision agricultural techniques while eliminating the need for farmers to purchase and maintain expensive IT infrastructure.

Scope

• This report provides an overview of cloud computing sector.
• It explains why cloud will continue to grow in importance for the agriculture industry.
• The report outlines how cloud computing is used in precision agriculture and is improving the efficiency of agricultural operations.
• It also provides examples of what companies and organizations in the agriculture industry are doing in relation to this theme and how they create differentiation.
• Finally, the report highlights companies that are leading in this theme.

Reasons to Buy

• To understand cloud computing and its current and future impact on the agriculture industry.
• To understand how key challenges that the agriculture sector is facing have accelerated the need for the integrating cloud computing.
• To identify the leading cloud computing adopters and specialist vendors.
• GlobalData’s thematic research ecosystem is a single, integrated global research platform that provides an easy-to-use framework for tracking all themes across all companies in all sectors. It has a proven track record of identifying the important themes early, enabling companies to make the right investments ahead of the competition, and secure that all-important competitive advantage.