Agriculture Technology as a Service Market Share, Industry Growth, Trend, Drivers, Challenges, Key Companies by 2028

Rising need to increase global food production owing to rapidly increasing global population is a key factor driving market growth

One of the most sought-after market reports regarding in-depth analysis of the global Agriculture Technology as a Service Market is the most recent report from Emergen Research, titled "Global Agriculture Technology as a Service Market - Forecast to year 2028". They are also intended to help companies in this industry make the right decisions and write profitable business plans. Some of the world's most famous venture capitalists are among the recipients of this very report. These individuals are provided with clear insight into the competitive landscape of the Global Agriculture Technology as a Service Market in the report. The coronavirus outbreak has dramatically changed the business landscape of Agriculture Technology as a Service, which means that various manufacturers and buyers won't have much growth opportunity over the next few years. Finally, the report provides compelling insights into the growth of the global and regional Agriculture Technology as a Service Market. The authors of the report provided the necessary information. related to the latest Agriculture Technology as a Service Market trends along with important parameters that influence the growth of the market in both short term and long term. It provides useful insights into estimated keyword market size, revenue share, sales network and distribution through a comprehensive industry view. Readers will certainly be able to describe the key results of this industry in the near future with the help of these useful market insights.

The global Agriculture Technology as a Service market size is expected to reach USD 4.93 Billion in 2028 and register a steady CAGR over the forecast period, according to latest analysis by Emergen Research. Steady market revenue growth can be attributed to rising need to increase global food production owing to rapid growth in global population. Manufacturers turned service providers are offering affordable agriculture technologies as services to small farmers, which is helping them to enhance productivity and farming efficiency. Growing preference towards drone farming, smart livestock monitoring, autonomous-farming machinery, and smart-building and -equipment management are other key factors boosting demand for services related to agriculture technologies. Increasing utilization of smart crop monitoring solutions, which aims at optimizing resource usage and crop growth through real-time, precises and location-dependent adjustments are driving growth of the agriculture technology as a service market. Farmers are adopting drone farming as it provides more frequent, cost-effective remote monitoring of large areas, and enables remote interventions to boost yield and reduce losses caused by crop pests.

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One of the report’s central components is the broad Agriculture Technology as a Service market segmentation that includes the product type gamut, application spectrum, end-user industry landscape, significant geographical regions, and the top market contenders. The report contains unbiased industry expert opinions on the current market scenario, past market performance, production consumption rates, demand supply ratio, and revenue generation forecasts over the estimated period. The key players’ financial positions, along with their gross profits, sales volumes, sales revenue, manufacturing costs, and other financial ratios, have been accurately gauged in the report. Furthermore, several analytical tools like investment assessment, SWOT analysis, and Porter’s Five Forces Analysis have been implemented by our analysts’ team to evaluate the production and distribution capacities of the Agriculture Technology as a Service market players.

Leading Players Profiled in the Report:

Trimble Inc., Deere Company, AGCO Corporation, IBM Corporation, Accenture plc, Airbus S.A.S., ATT Inc., Raven Industries, Inc., Topcon Corporation, and SGS S.A.

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In addition, the analytical data are presented in a well-organized format in the form of charts, tables, graphs, figures, and diagrams in the report. This makes it easier for readers to comprehend the market scenario in a beneficial way. In addition, the report aims to provide a forward-looking perspective and an instructive conclusion to assist the reader in making profitable business decisions. The report concludes with a comprehensive SWOT and Porter's Five Forces analysis of the segments anticipated to dominate the market, regional bifurcation, estimated market size and share, and more.

On the basis of type, the market is segmented into

  • Service type Outlook (Revenue, USD Billion; 2018–2028)

    • Equipment-as-a-Service (EaaS)
    • Software-as-a-Service (SaaS)
  • Technology Outlook (Revenue, USD Billion; 2018–2028)

    • Guidance Technology
    • Data Analytics and Intelligence
    • Variable Rate Application Technology
    • Sensing Technology
    • Others 
  • Application Outlook (Revenue, USD Billion; 2018–2028)

    • Soil Management
    • Navigation and Positioning
    • Yield Mapping and Monitoring
    • Crop Health Management
    • Others

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Vaishnavi Rokade

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