Agriculture Technology-as-a-Service Market Thrives, Anticipates 23.12% CAGR Growth by 2028

aamirsaleem123 March 6, 2024

7 4 minutes read

MarkNtel Advisors brings together a comprehensive understanding of the vast dynamics of the Agriculture Technology-as-a-Service Market Size, Share, Trends, and Growth in their research report, incorporating an extensive & detail-driven examination of the industry. This study exhibits the diverse elements like drivers, restraints, opportunities, challenges, key trends, & recent developments, among others, influencing the market expansion.

The data present in the report exhibit from the historic years (2018-21) and the base year (2022) to put together estimations for the forecast period (2023-28). In the study, our researchers put together reliable, unbiased, and accurate data to enlighten investors about fluctuations in the industry & anticipations on what to expect in the future. Since the industry is dynamic and highly fragmented, this report enables the prominent players to make strategic moves associated with their investments in the coming years.

Key Offering in the Report

The research report incorporates information from the past, ongoing trends and developments, and plans of the competitors in different segments across geographic locations into the parameters grounding on the following parameters:

Gross margins & profits
Demand growth & falls
Investment opportunities & revenue generation

Business strategies & shares
Key players & their profiling
Leading geographies

Trends & developments, among others

Market Dynamics

Global Agriculture Technology-as-a-Service Market 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.

Segmentation of the Industry

The Agriculture Technology-as-a-Service Market is highly fragmented and bifurcates into the following segmentations:

By Service Type

-Software-as-a-Service

-Equipment-as-a-Service

Equipment-as-a-service is expected to grow at a faster pace in the forthcoming years in the global market

By Technology

-Data Analytics & Intelligence

-Guidance Technology

-Sensing Technology

-Variable Rate Application Technology

-Others

By Application

-Yield Mapping & Monitoring

-Soil Management

-Crop Health Management

-Navigation & Positioning

-Others

View the Table of Content, Research Methodology, and Full Description of the Report- https: https://www.marknteladvisors.com/research-library/global-agriculture-technology-service-market.html

Regional Landscape

On the geographical front, the Agriculture Technology-as-a-Service Market expands across the following:

By Region

-North America

-South America

-Europe

-Asia Pacific

-Middle East & Africa

North America held a prominent market share since the historical period. In part, the growth can be credited to the inclination to integrate advanced technology in farmlands, such as control systems & automation, and to smart farming, which is gaining acceptance at a faster rate.

Competitive Analysis

The Agriculture Technology-as-a-Service Market report entails an exhaustive research compilation on the changing interface, strategies, and sustainability tactics of the prominent players by rigorously profiling each company. It is principally to put together all the information influencing the industry expansion on the following parameters:

Investments rise & fall

Overview of the company
Origin & business strategy
Product/Service portfolio expansion

The geographical presence of players

The report also talks about the strategies adopted by players to maintain their dominance & yield higher profits in the market while expanding their business across locations. Each company is profiled in this report on the following grounds:

Ongoing trends & recent developments

Performance indicators
Products/Services offered
Risk & SWOT Analysis

The prominent companies profiled in the Agriculture Technology-as-a-Service Market report are Deere & Company, Trimble Inc., AGCO Corporation, Accenture plc, CNH Industrial N.V., Airbus S.A.S., Raven Industries, AT&T Inc., Topcon Corporation, Intertek plc, SGS S.A., Taranis, Naio Technologies, PrecisionHawk, Microsoft Corporation, and IBM Corporation, etc.

Customization Services

MarkNtel Advisors offer customization services on reports to the stakeholders & investors, covering all the relevant aspects required in a comprehensive, unbiased, accurate, & reliable manner. It aims principally to enable the players to curate all the fundamentals underlying the market potential in the future & make informed decisions & strategies.

About Us

MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.