Market Research Report

A quick peek into the report

Agriculture Technology-as-a-Service Market Report Coverage

Agriculture Technology-as-a-Service Market

Base Year

2023

Market Size in 2023

$4,201.3 Million

Forecast Period

2024-2034

Value Projection and Estimation by 2034

$17,818.8 Million

CAGR During Forecast Period

13.93%

Number of Pages

127
Number of Tables 63

Number of Figures

 34

 

Key Market Players and Competition Synopsis

The companies that are profiled in the agriculture technology-as-a-service market have been selected based on inputs gathered from primary experts and analyzing company coverage, product portfolio, application, and market penetration. The global agriculture technology-as-a-service market is growing at a prominent rate, with many players competing for market share. The agriculture technology-as-a-service market is characterized by the presence of companies offering agriculture technology-as-a-service and new-age startups. The agriculture technology-as-a-service market is attracting significant investment, driven by its capacity for enhancing productivity and sustainability in farming practices. Despite the potential, large-scale deployments may face logistical challenges related to infrastructure limitations and the integration of new technologies into existing systems.

Major players in the agriculture technology-as-a-service market include AGRIVI, IBM Corporation, Microsoft, AIRBUS, and BASF SE.

Some prominent names established in the agriculture technology-as-a-service market are:

•    Hexagon AB
•    Cropin Technology Solutions Private Limited
•    TOPCON CORPORATION
•    Deere & Company
•    365FarmNet GmbH
•    Trimble Inc.
•    KUBOTA Corporation
•    VALMONT INDUSTRIES, INC.
•    Ag Leader Technology
•    Farmers Edge Inc.
•    Ceres Imaging
•    EM3 Agriservices

How can this report add value to an organization?

Product/Innovation Strategy: The product segment helps the reader understand the different applications of agriculture technology-as-a-service and their global potential. Moreover, the study gives the reader a detailed understanding of the end-use industries and different products offered by different regulations, consortiums and associations, and government programs impacting agriculture technology-as-a-service manufacturers for various purposes.

Growth/Marketing Strategy: The global agriculture technology-as-a-service market has seen major development by key players operating in the market, such as business expansion, partnership, collaboration, and joint venture. The favored strategy for the companies has been partnership, collaboration, and joint venture activities to strengthen their position in the global agriculture technology-as-a-service market.

Competitive Strategy: Key players in the global agriculture technology-as-a-service market analyzed and profiled in the study involve agriculture technology-as-a-service providers, including market segments covered by distinct product kinds, applications served, and regional presence, as well as the influence of important market tactics employed. Moreover, a detailed competitive benchmarking of the players operating in the global agriculture technology-as-a-service market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the agriculture technology-as-a-service market.

Research Methodology

Data Sources

Primary Data Sources

The primary sources involve industry experts from the precision agriculture industry and various stakeholders such as raw material suppliers, equipment manufacturers, distributors, and end users. Respondents such as CEOs, vice presidents, marketing directors, and technology and innovation directors have been interviewed to obtain and verify both qualitative and quantitative aspects of this research study.

The key data points taken from primary sources include:

•    validation and triangulation of all the numbers and graphs
•    validation of reports segmentation and key qualitative findings
•    understanding the competitive landscape
•    validation of the numbers of various markets for market type
•    percentage split of individual markets for regional analysis

Secondary Data Sources

This research study involves the usage of extensive secondary research, directories, company websites, and annual reports. It also makes use of databases, such as ITU, Hoovers, Bloomberg, Businessweek, and Factiva, to collect useful and effective information for an extensive, technical, market-oriented, and commercial study of the global agriculture technology-as-a-service market. In addition to the data sources, the study has been undertaken with the help of other data sources and websites, such as Data Center Dynamics and Data Center Knowledge.

Secondary research was done to obtain crucial information about the industry’s value chain, revenue models, the market’s monetary chain, the total pool of key players, and the current and potential use cases and applications.

The key data points taken from secondary research include:

•    segmentations and percentage shares
•    data for market value
•    key industry trends of the top players of the market
•    qualitative insights into various aspects of the market, key trends, and emerging areas of innovation
•    quantitative data for mathematical and statistical calculations

Data Triangulation

This research study involves the usage of extensive secondary sources, such as certified publications, articles from recognized authors, This research study involves the usage of extensive secondary sources, such as certified publications, articles from recognized authors, white papers, annual reports of companies, directories, and major databases to collect useful and effective information for an extensive, technical, market-oriented, and commercial study of the global agriculture technology-as-a-service market.

The process of market engineering involves the calculation of the market statistics, market size estimation, market forecast, market crackdown, and data triangulation (the methodology for such quantitative data processes is explained in further sections). The primary research study has been undertaken to gather information and validate the market numbers for segmentation types and industry trends of the key players in the market.

Factors for Data Prediction and Modeling

•    The section exhibits the standard assumptions and limitations followed throughout the research study, which is named the global agriculture technology-as-a-service market.
•    The scope of this report has been focused on various applications and product types.
•    The base currency considered for the market analysis is US$. Currencies other than the US$ have been converted to the US$ for all statistical calculations, considering the average conversion rate for that particular year.
•    The currency conversion rate has been taken from the historical exchange rate of the Oanda website. 
•    Nearly all the recent developments from January 2021 to May 2024 have been considered in this research study.
•    The information rendered in the report is a result of in-depth primary interviews, surveys, and secondary analysis.
•    Where relevant information was not available, proxy indicators and extrapolation were employed.
•    Any economic downturn in the future has not been taken into consideration for the market estimation and forecast.
•    Technologies currently used are expected to persist through the forecast with no major technological breakthroughs

 

Download this TOC

Request a Sample

Agriculture Technology-as-a-Service Market- A Global and Regional Analysis

Focus on Application, Service Type, Pricing, and Region - Analysis and Forecast, 2024-2034

Contact Us

Get Free Sample Schedule a Call
 
Some Faq's

Frequently Asked Questions

Agriculture technology-as-a-service encompasses a subscription or pay-per-use model that provides farmers and agribusinesses with access to advanced agricultural technologies and services without the need for significant upfront investments. This approach includes tools such as precision agriculture equipment, IoT devices, drones, and AI-driven analytics, all designed to enhance operational efficiency, productivity, and sustainability in farming. By leveraging these technologies, agriculture technology-as-a-service enables real-time data collection and analysis, facilitating informed decision-making and optimizing resource use to address modern agricultural challenges.

Existing market players in various industries are increasingly adopting agriculture technology-as-a-service to bolster their market positions by leveraging advanced technological solutions to meet evolving agricultural demands. Companies specializing in precision agriculture are integrating agriculture technology-as-a-service models to provide farmers with access to cutting-edge tools and services, such as GPS-guided tractors, drone surveillance, and automated machinery. By offering these technologies on a subscription or pay-per-use basis, these firms are reducing the financial burden on farmers, thereby encouraging widespread adoption and fostering stronger customer relationships. This approach not only enhances operational efficiency and productivity for farmers but also solidifies the market players' roles as innovative leaders in the agricultural sector.

Furthermore, technology companies with expertise in IoT, data analytics, and AI are entering the agricultural market by offering agriculture technology-as-a-service solutions. These companies provide real-time data collection and analysis services that enable farmers to make data-driven decisions, optimize resource use, and improve crop yields. By incorporating agriculture technology-as-a-service into their offerings, these tech firms are expanding their market reach and tapping into the growing demand for smart farming solutions. This strategic move not only diversifies their revenue streams but also positions them as key contributors to the advancement of sustainable and efficient farming practices, thereby enhancing their overall market presence and competitive edge.

New companies entering the agriculture technology-as-a-service market can gain a competitive edge by focusing on areas that address the most pressing needs and challenges faced by modern agriculture. One potential area of focus is the development and deployment of advanced precision agriculture tools. By offering highly accurate GPS-guided machinery, real-time soil monitoring sensors, and drones equipped with multispectral imaging capabilities, new entrants can help farmers optimize their field operations and improve crop yields. Additionally, providing comprehensive data analytics platforms that integrate data from various sources to offer actionable insights can further enhance decision-making and operational efficiency for farmers, setting these companies apart in the market.
Another critical area of focus is the integration of sustainable farming practices through technology. New companies can develop solutions that promote efficient resource use, such as precision irrigation systems that conserve water and reduce waste or AI-driven analytics that optimize fertilizer and pesticide application. By prioritizing sustainability, these companies can appeal to environmentally conscious consumers and farmers looking to implement greener practices. Furthermore, offering flexible subscription models and robust customer support can help new entrants build strong relationships with their clients, ensuring long-term customer loyalty and establishing a solid foothold in the competitive agriculture technology-as-a-service market.
 

The USP of the agriculture technology-as-a-service market report lies in its comprehensive coverage of drivers, restraints, and challenges, industry trends, product and application segmentation, country and company-specific patent insights, and market statistics with forecasts until 2034. This data and insights enable stakeholders to make informed decisions, identify emerging trends, and strategize effectively for market growth and competitive advantage.

The following would benefit from this report:
1.    Agricultural Equipment Manufacturers
2.    Technology Companies
3.    Investors and Venture Capitalists
4.    Farmers and Agribusinesses
5.    Government and Policy Makers
6.    Consulting and Market Research Firms

Some of the market drivers include:
1.    Growing Adoption of Precision Agriculture
2.    Low Capital Investment for Farmers

Some of the business challenges within the market include:
1.    Insufficient Technical Expertise among Farmers
2.    Inadequate Infrastructure and Workforce for EaaS Solutions

The global agriculture technology-as-a-service market was valued at $4,201.3 million in 2023 and is projected to grow at a CAGR of about 13.93% to reach $17,818.8 million by 2034.

Similar Product

You may also like

Agriculture Drones and Robots Market - A Global and Regional Analysis
Published Year: 2023

Agriculture Drones and Robots Market - A Global and Regional Analysis: Focus on Agriculture Drones a

The global agriculture drones and robots market was valued at $5.37 billion in 2021, which is...

View Report