Artificial Intelligence
Active Promotion of Sustainable Agricultural Practices by Governments in Developing Economies to Fuel the Agriculture Equipment Market Growth
Pune, India, Sept. 28, 2021 (GLOBE NEWSWIRE) — The global agriculture equipment market size is set to reach USD 227.76 billion by 2026, exhibiting a CAGR of 7.2% during the forecast period. Escalating demand for high agricultural productivity worldwide will be the primary growth propeller for this market, finds Fortune Business Insights™ in its new report, titled “Agriculture Equipment Market Size, Share & Industry Analysis, By Equipment Type (Agriculture Tractors, Harvesting Equipment, Irrigation & Crop Processing Equipment, Agriculture Spraying & Handling Equipment, Soil Preparation & Cultivation Equipment and Others (Hay & Forage Equipment, trailers, etc.), By Application (Land Development, Threshing and Harvesting, Plant Protection, After Agro Processing), and Regional Forecast, 2019-2026”.
The UN Department of Economic and Social Affairs (DESA) projects that world population will be around 8.5 billion by 2030 and 9.7 billion by 2050. Majority of this growth will be concentrated in the developing countries of Asia and Africa. Thus, boosting agriculture productivity is of the essence not only to feed so many people, but also to empower a large chunk of the global population to sustain their livelihoods. According to the World Bank, agriculture-based growth can prove to be two to four times more effective in raising incomes in the poorest sections of the world as compared to other sectors. Thus, rapid ly growing population will lead the agriculture equipment market trends in the upcoming decade.
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The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
List of Players Covered in the Agriculture Equipment Market Report:
• International Tractors Limited
• Valmont Industries, Inc.
• Claas KGaA mbH
• Mahindra & Mahindra Ltd.
• Alamo Group Inc.
• Deere & Company
• SDF S.p.A.
• China National Machinery Industry Corporation
• Iseki & Co., Ltd.
• Kubota Corporation
• AGCO Corporation
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
The report states that the value of this market stood at USD 131.25 billion in 2018. The other highlights of the report include:
- Comprehensive insights into the trends, drivers, and various other aspects of the market;
- Detailed analysis of the factors restricting the growth of the market;
- Exhaustive study of the different market segments; and
- In-depth evaluation of the regional prospects and the competitive dynamics influencing the market.
To get to know more about the short-term and long-term impact of COVID-19 on this market, please visit:
https://www.fortunebusinessinsights.com/agriculture-equipment-market-102665
Report Scope and Segmentation:
Report Coverage | Details |
Forecast Period | 2019 to 2026 |
Forecast Period 2019 to 2026 CAGR | 7.2 % |
2026 Value Projection | USD 227.76 Billion |
Base Year | 2018 |
Market Size in 2018 | USD 131.25 Billion |
Historical Data for | 2015 to 2017 |
No. of Pages | 120 |
Segments covered | By Equipment Type, By Application, By Region. |
Growth Drivers | Ease of Financing and Increasing Government Initiatives to Bolster the Market Growth
|
Emergence of Contract Farming to Swell the Market
|
|
Accelerated Adoption of Précised Technologies is Laying Foundation for Future Success | |
Pitfalls & Challenges | Rapid Urbanization across the World to be the Inhibiting Factor for Market Growth
|
Market Driver
Increasing Adoption of AI in Agriculture to Feed Market Growth
Agricultural operations are increasingly becoming automated due to the increasing application of smart technologies such as Artificial Intelligence (AI). The UN Food and Agriculture Organization (FAO) postulates that AI in agriculture is encompassing three major areas of predictive analytics, soil and crop monitoring, and agriculture robotics. Rising emphasis on making agricultural activities smarter, more economical, and highly efficient has made AI an extremely attractive option for the farming communities in developing nations. For instance, in 2017, a research study was published in the botany journal, Frontiers in Plant Science, which illustrated how researchers used Google’s open source library TensorFlow to build a library of images of the cassava plant leaves grown in Tanzania. The AI tool they deployed was able to identify disease in the plant with 98% accuracy. Thus, extensive usage of AI in agriculture is slated to broaden the agriculture equipment market outlook during the forecast period.
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Regional Insights
Asia-Pacific to Lead the Pack; North America to Experience Strong Growth
Having generated USD 47.85 billion in revenue in 2018, Asia-Pacific is poised to dominate the market share of the agriculture equipment, in the forthcoming years, mainly owing to high dependence on agriculture in India and China. Moreover, increasing governmental investment in modernization of farming activities is creating multiple incentives of industry leaders to enter the market in these countries and market their products.
In North America, growing demand of fuel- and energy-efficient agricultural machinery and rapid adoption of advanced equipment will drive the market growth. On the other hand, severe shortage of laborers is inducing farmers and cultivators in Europe to employ highly mechanized equipment in agricultural operations.
Competitive Landscape
Rising Interest in Emerging Economies by Foreign Players to Energize Competition
The agriculture equipment market forecast predicts that the gradual shift of focus of companies in industrial economies toward developing nations will intensify competition in this market. Many agriculture sector giants such as Deere & Company and Kubota Corporation are entering into partnerships with domestic players in Asia and Africa to establish their network in these regions.
Industry Developments:
- March 2020: The Escorts Group, the Indian engineering bigwig, announced that the Japan-based Kubota Corporation will be investing in the company through purchase of 10% share at a value of Rs. 1042crores. This equity-based partnership will make the companies a global hub for agriculture equipment manufacturing.
- July 2019: International Tractors Limited (ITL) launched two new agriculture equipment brands, Yanmar and Solis. These brands will sell farming machinery and equipment alongside Sonalika, the company’s domestic tractor brand. With this launch, ITL hopes to crystallize its position in the Indian agriculture equipment domain.
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Table of Content:
- Introduction
- Definition, By Segment
- Research Approach
- Sources
- Executive Summary
- Market Dynamics
- Drivers, Restraints and Opportunities
- Emerging Trends
- Key Insights
- Macro and Micro Economic Indicators
- Consolidated SWOT Analysis of Key Players
- Porter’s Five Force Analysis
- Global Agriculture Equipment Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Sizing Estimations and Forecasts – By Equipment Type (Value)
- Agriculture Tractors
- Harvesting Equipment
- Irrigation & Crop Processing Equipment
- Agriculture Spraying & Handling Equipment
- Soil Preparation & Cultivation Equipment
- Others (Hay & Forage Equipment, trailers, etc.)
- Market Sizing Estimations and Forecasts – By Application (Value)
- Land Development
- Threshing and Harvesting
- Plant Protection
- After Agro Processing
- Market Analysis, Insights and Forecast – By Region (Value)
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
- North America Agriculture Equipment Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Sizing Estimations and Forecasts – By Equipment Type (Value)
- Agriculture Tractors
- Harvesting Equipment
- Irrigation & Crop Processing Equipment
- Agriculture Spraying & Handling Equipment
- Soil Preparation & Cultivation Equipment
- Others (Hay & Forage Equipment, trailers, etc.)
- Market Sizing Estimations and Forecasts – By Application (Value)
- Land Development
- Threshing and Harvesting
- Plant Protection
- After Agro Processing
- Market Analysis, Insights and Forecast – By Country (Value)
- United States
- Canada
- Europe Agriculture Equipment Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Sizing Estimations and Forecasts – By Equipment Type (Value)
- Agriculture Tractors
- Harvesting Equipment
- Irrigation & Crop Processing Equipment
- Agriculture Spraying & Handling Equipment
- Soil Preparation & Cultivation Equipment
- Others (Hay & Forage Equipment, trailers, etc.)
- Market Sizing Estimations and Forecasts – By Application (Value)
- Land Development
- Threshing and Harvesting
- Plant Protection
- After Agro Processing
- Market Analysis, Insights and Forecast – By Country (Value)
- Germany
- Italy
- France
- U.K.
- Belgium
- Spain
- Rest of Europe
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Artificial Intelligence
Reliance Cyber and Google Cloud Security unite to transform cybersecurity for UK businesses
LONDON, May 28, 2024 /PRNewswire/ — Leading Managed Security Service Provider (MSSP), Reliance Cyber has been selected as one of only four MSSPs to partner with Google Cloud Security (GCS). This collaboration is set to make cybersecurity more effective and less complicated for businesses throughout the UK and Ireland.
Why this matters:In today’s complex security environment, businesses face a multitude of challenges, including escalating cyberattacks, an overwhelming number of security alerts, rising cybersecurity costs, and a critical shortage of skilled professionals. The partnership between Reliance Cyber and Google Cloud Security provides organisations with improved security postures through insightful, data-driven analytics, which underpin Reliance Cyber’s XDR service. For businesses facing diverse economic, social, and technological changes—such as the ongoing impacts of COVID-19, the transition to hybrid and remote work, rapid technological advancements like AI, and budget pressures from the cost of living crisis—this partnership represents a significant step forward. It enhances cybersecurity without the usual challenges of high costs, complexity, or the need for specialised staff. It’s about making world-class security simple and available to a wider audience.
What’s changing:
Support for growth: The partnership will expand the reach of state-of-the-art security services to more businesses, helping to protect organisations without the stress of financial and operational barriersEnhanced visibility, lower costs: Leveraging Google’s SOAR capabilities and Chronicle’s powerful telemetry, Reliance Cyber’s tailored ingestion approach means organisations can achieve enhanced visibility across their digital environments at a reduced cost. This approach enables proactive prevention and detection of threats, ensuring better security with less expenditure.Key benefits of the strategic partnership include:
AI and automation: Automation is at the core of Reliance Cyber’s offering. Every alert is enriched with threat intel from leading vendors, automatically correlated, and grouped into cases, reducing mean time to detect (MTTD) and mean time to respond (MTTR). Google’s additions enhance this with lower data ingestion costs, superior threat intelligence, curated detections, and advanced anomaly detection using machine learningSimplified security operations to support staff: Integration of Google Cloud’s SOAR capabilities simplifies the security management landscape, allowing CISOs to focus on strategic planning rather than daily operational hurdlesScalable security for business growth: The partnership supports business expansion strategies by providing scalable security solutions that grow with the company, crucial for organisations driving technological advancementData-driven insights for better decision-making: Boards will gain unparalleled visibility into their digital environments, fostering smarter, faster decision-making to preemptively address potential security threats.Rob Walton, Chief Revenue Officer at Reliance Cyber, on the transformative impact: “We’re thrilled to partner with Google Cloud Security. This partnership aligns perfectly with our mission to deliver comprehensive, advanced security services to the market, making top-level security accessible and manageable for businesses of all sizes. Ultimately, it’s about creating predictability and peace of mind in an area that can often cause businesses and their boards sleepless nights, particularly due to concerns about attacks and the financial constraints that dictate risk appetites.”
Do you want more coverage, at less cost, with zero compromises?
Enquire about a proof of concept. Visit: https://eu1.hubs.ly/H09bKtG0.
About Reliance Cyber
Since our founding in 2003, Reliance Cyber has established itself as a leading Managed Security Service Provider (MSSP). By combining deep cybersecurity expertise with a true partnership ethos, we enable organisations to concentrate on their core business.
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Artificial Intelligence
Eficode acquires Jodocus and reinforces Atlassian Cloud skills and Atlassian partnership in Germany
HELSINKI, May 28, 2024 /PRNewswire/ — Eficode has acquired Jodocus, the first cloud-native Atlassian Platinum partner in Germany. This acquisition further reinforces Eficode’s role as an Atlassian partner in Germany and expands its skills and services in Atlassian Cloud.
“Atlassian is moving to the Cloud, and the related know-how is essential to speed up this transition. Jodocus was originally the first Atlassian partner in Germany to focus fully on the Cloud. Their broad expertise in Atlassian tools and cloud migrations helps our customers in their journey to the cloud and complements our mission to build the future of software development,” says Ilari Nurmi, CEO of Eficode. “We welcome Jodocus’ employees and customers to Eficode.”
Founded in 2019, Jodocus is an Atlassian Platinum Solution Partner with extensive expertise in Atlassian Cloud. In addition to focusing on the Cloud, the Jodocus team offers support on business processes, Application Lifecycle Management, and DevOps. Their customer base is in Germany, with well-known names such as Otto Group and Fricke. Jodocus has 45 employees, and its revenue in 2023 was 11,5 million euros. “Together, Eficode and Jodocus will form a more significant entity and have even more international customers, which opens possibilities for deepening and broadening our relationship with our customers,” says Werner Krandick, CEO of Jodocus.
Eficode has enabled countless businesses with DevOps and digital transformation to adopt new technologies and practices to create software better. Its full spectrum of digital services can now be extended also to Jodocus’ customers. Eficode ROOT provides software development tools as a managed service in a Software-as-a-Service manner. In turn, with Total Support, we manage the tools and offer support, coaching, and mentoring for Atlassian solutions as a subscription.
In recent years, Eficode has grown strongly both organically and through acquisitions. Eficode’s compound annual growth (CAGR) during the previous four fiscal years has been 70%.
Media contactsIlari Nurmi, Chief Executive Officer, Eficode. [email protected], +358 40 577 5084 Lauri Palokangas, Chief Marketing Officer, Eficode. [email protected], +358 50 486 4918
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Artificial Intelligence
New first of its kind UK legal-tech recruitment platform aims to put an end to overseas worker scams
Unique UK-based legal technology platform, Immpact, helps unite the global talent market to fulfil UK skills shortages across healthcare, construction, engineering, life sciences and hospitality Immpact directly connects employers, recruiters and regulated legal experts with pre-qualified global talent – and aims to help eradicate profiteering job scammersREADING, England, May 28, 2024 /PRNewswire/ — A unique new legal-tech recruitment platform has launched in the UK to help put an end to overseas worker scams and directly connect UK employers and recruiters with pre-qualified overseas global talent. Immpact will help fulfil acute skills shortages across sectors including healthcare, construction, engineering, life sciences and hospitality, while ensuring full legal Home Office compliance.
The launch of Immpact follows over two years of advanced legal-tech development. Using the immigration law expertise of Founder and Managing Director, Jonathan Beech, and his team of specialists, the platform will help unite a previously disconnected global talent market with under-resourced UK employers and transform global workplace migration. Immpact has also been developed through discussions with hundreds of employers, industry bodies and overseas talent.
With job scams – from fake jobs to illegal fees for sponsor licences – ongoing, particularly in the social and healthcare sector, Immpact will ensure only pre-qualified talent, employers and recruitment firms are placed on its platform following stringent multi-layer checks. This will ensure that all jobs and talent are qualified and genuine along with thoroughly regulated employers and recruiters, to provide a global marketplace for talent.
Jonathan Beech, Founder and Managing Director of Immpact, said: “Through my existing business running Migrate UK, I’m acutely aware of the issues that UK employers and recruiters are having in trying to fulfil talent shortages across sectors such as care, healthcare and life sciences. I also regularly hear terrible stories of genuine overseas job hunters being ripped off in their home countries or the UK by job scammers, often running to thousands of pounds.
“I knew there had to be a better way to match pre-qualified overseas talent with genuine work opportunities and responsible UK employers – effectively a ‘talent’ match-making site which is designed to eradicate scammers to provide a global, trusted marketplace for talent.”
Following the latest government immigration rule changes, overseas recruitment costs are continuing to rise for businesses struggling with talent shortages. From 4 April 2024, the minimum salary for entering the new skilled visa worker route for the first time increased by 48%, from £26,200 to £38,700 a year. There are different rates for those already holding a skilled worker certificate of sponsorship prior to this date and discounts are available for key shortage roles on the Immigration Salary List (ISL).
Immpact will benefit employers and recruiters by saving them time and money. Working with recruitment experts to analyse existing overseas recruitment workflows, Immpact has calculated that it will save 50% of the time involved in managing overseas recruitment, helping to cut down the time-consuming filtering of applications traditionally needed.
For employers traditionally looking to recruit overseas applicants, previous data from industry recruitment software specialists show that 30% of overseas applications are rejected as they do not have the right to work, while 64% are rejected due to CVs being unclear or requirements not being met. This leaves just 6% of applications remaining, which results in about 2% then being interviewed. Immpact will automatically present only suitable pre-qualified applications to employers or recruiters, eradicating wasted time on unsuitable or unqualified applicants.
Beech continues: “Following thousands of hours of development and utilising the latest advanced technology which can adapt to evolving Home Office requirements and procedures, we’re proud to launch Immpact. Our unique new platform takes care of the entire process – from pre-qualifying processes, searching and shortlisting, down to arranging interviews, successful appointments, onboarding, the provision of regular content and guidance, and access to regulated immigration legal professionals.
“Our new technology will transform global migration for both UK organisations and businesses struggling to recruit and global talent looking to work in the UK. Immpact has been thoroughly tested at every stage and is both user-friendly and, crucially, compliant, so qualified overseas applicants and UK employers and recruiters can be confident that only genuine UK jobs and overseas applicants match and proceed. Quite simply, we want Immpact to simplify the whole migration process by putting the right talent in the right place at the right time, and for UK employers to fulfil critical talent shortages which will help them not only survive, but thrive.”
The platform has a free trial or low-cost subscriber options for search-matching and more for employers and recruiters. For talent, the platform has zero costs for creating a profile, using the pre-qualifying tools or searching for opportunities. For further information visit www.immpact.ai.
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