Agriculture Technology-as-a-Service Market In-Depth Outlook Size, Share & Major Stakeholders

January 3, 2025 akio01

How Big is the Agriculture Technology-as-a-Service Market?

The Global Agriculture Technology-as-a-Service Market is anticipated to grow at a CAGR of around 23.12% during the forecast period, i.e., 2023-28, cites MarkNtel Advisors. The market growth attributes primarily to the consistently growing need for agricultural products across the world. The increasing human population, changes in dietary patterns, and improving farmers’ income are the main reasons for the requirement for optimum agricultural produce through the integration of state-of-the-art technologies. The introduction of new analytical & predictive software & its features like crop monitoring, crop protection, farm management, etc., assists the farmers in efficiently managing their planted crops, nutrients in the soil, water level, etc.

Market Statistics

Market Growth Rate (CAGR): 23.12% from 2023-2028

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Agriculture Technology-as-a-Service Market Insight:

Driver-

Sustainable Agriculture Solutions Meeting the Growing Need for Environmentally Friendly Farming – The increasing global population is contributing to escalating the demand for sustainable food around the globe. According to the World Bank, the population is presumed to reach around 9.7 billion by 2050, which positively generates the demand for food. Thus, sustainable agriculture solutions help to meet this demand while reducing the environmental effect of agriculture.

The rising impact of agriculture on the environment, including soil degradation, water pollution, and greenhouse gas emissions, has become a major concern. Sustainable farming practices, such as aquaponics & vertical farming, can help to mitigate these impacts. Henceforth, the surging demand for sustainable food production across the globe is driving the growth of the Global Agriculture Technology-as-a-Service Market as farmers seek out new & innovative ways to produce food that is environmentally friendly, healthy, and economically viable.

Moreover, environmental concerns & limited natural resources have led to a growing emphasis on sustainable farming practices around the world. Agriculture technology offers solutions for resource management, water conservation, soil health monitoring, and precision application of fertilizers & pesticides. These technologies enable farmers to minimize the environmental impact of agriculture while maintaining productivity.

Hence, the market would experience considerable growth in the forthcoming years, owing to the soaring global population & emphasis on sustainable farming practices driven by environmental concerns & limited natural resources.

Agriculture Technology-as-a-Service Market Segmentation:

The report has segmented the market into the following categories:

By Service Type

Software-as-a-Service- Market size & Forecast 2018-2028, USD Million
Equipment-as-a-Service- Market size & Forecast 2018-2028, USD Million

By Technology

Data Analytics & Intelligence- Market size & Forecast 2018-2028, USD Million
Guidance Technology- Market size & Forecast 2018-2028, USD Million
Sensing Technology- Market size & Forecast 2018-2028, USD Million
Variable Rate Application Technology- Market size & Forecast 2018-2028, USD Million
Others- Market size & Forecast 2018-2028, USD Million

By Application

Yield Mapping & Monitoring- Market size & Forecast 2018-2028, USD Million
Soil Management- Market size & Forecast 2018-2028, USD Million
Crop Health Management- Market size & Forecast 2018-2028, USD Million
Navigation & Positioning- Market size & Forecast 2018-2028, USD Million
Others- Market size & Forecast 2018-2028, USD Million

By Region

North America
South America
Europe
The Middle East & Africa
Asia Pacific

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Competitive Landscape:

AGCO Corporation
CLAAS Group
CNH Industrial NV
Deere & Company
Kubota Corporation
Yanmar Co. Ltd
365FarmNet GmBH
Agrivi
CropIn Technology Solutions Pvt Ltd
Fujitsu Ltd
IBM Corporation
Microsoft Corporation
Robert Bosch GmBH
Trimble Inc
Parrot SA
Pixhawk
Precision Hawk
Harvest Automation Inc.
Naio Technologies
Small Robot Company
Others Potential Players.

The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.

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Other Report:

Key Highlights of the Report:

Market Performance (2023-2028)
Strategic Recommendations
Current, Historical and Future Market Trends
Market Drivers and Leading Competitor
SWOT Analysis
Structure of the Market
Comprehensive Mapping and Recent Advancement

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