Global Agricultural Tractors Market 2016 AGCO Corporation, Deere, CNH Industrial, CLAAS
Deerfield Beach, FL -- (SBWIRE) -- 10/05/2017 -- Market Overview
Agricultural Tractors Market and cloud computing is a perfect combination mainly for addressing security concerns. Constant evolution of Agricultural Tractors and cloud computing is providing cost-effective, efficient and powerful infrastructures to support business analytics. The Agricultural Tractors market is experiencing a massive growth owing to the remarkable increase in organizational data and spending on R&D. Global organizational spending is estimated to reach over USD 500 billion by the end of 2024. Increasing number of heterogeneous data generated from web clicks boosting the necessity to manage and monitor the data which will significantly impel the Agricultural Tractors market growth in the near future.
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Leading industry players such as IBM, HP, Google, SAP, Cloudera, and Oracle, are progressively investing in R&D, for the development of unified Agricultural Tractors solutions to provide improved analytics and integrated management of data. Companies are focusing on mergers and acquisition to diversify their product portfolio with Agricultural Tractors and mainframe technologies. For instance, in 2015, Microsoft acquired Revolution Analytics to expand its business for cloud base platform. Similarly, IBM acquired Cloudant and Cleversafe to strengthen its cloud platform business.
Analysis of Global Agricultural Tractors Market Segment By Manufacturers
- AGCO Corporation
- Deere and Company
- CNH Industrial
- Daedong Industrial
- Escorts Group
- Mahindra & Mahindra
- McCormick International
- SAME DEUTZ-FAHR Group
Agricultural Tractors Market Size and Forecast (2016-2024)
North America is likely to hold the largest share of global Agricultural Tractors market in 2016 and is expected to dominate the market during the forecast period. North America Agricultural Tractors market is expected to grow at a CAGR of 15.6% during the forecast period and also over the forecast period. Huge penetration of advance technologies and increase in data generation from different industries is driving the growth of Agricultural Tractors market in the region. Europe holds the second largest share in the global Agricultural Tractors market and it is expected to grow at a CAGR of 19.1 % during the forecast period.
Rising manufacturing industries in Asia Pacific predicts APAC to be the fastest growing region for global hadoop market. Countries such as Japan, India and China are expected to lead the entire Agricultural Tractors market in Asia-Pacific region over the forecast period. Latin America and MEA regions currently holds smallest share in terms of revenue of global Agricultural Tractors market, also shows great potential to garner untapped business opportunities for Agricultural Tractors analytics and services during the forecast period.
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Global Agricultural Tractors Market is categorized on the following basis:
- By Drive Type
The Global Agricultural Tractors Market is segmented as follows:
- By Type of Data (Market Size, Demand Analysis and Growth Analysis)
- By Components (Market Size, Demand Analysis and Growth Analysis)
- By Application (Market Size, Demand Analysis and Growth Analysis)
- By End-User (Market Size, Demand Analysis and Growth Analysis)
- North America
- Latin America
- Middle East and North Africa
- Rest of World
Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem