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Agriculture Technology as a Service Market: Opportunities and Challenges in a Rapidly Evolving Industry

The Global Agriculture Technology as a Service Market Report is a panoramic study of the overall Agriculture Technology as a Service Market published by Emergen Research and covers a wide-ranging analysis of the technological advancements and product developments in the Agriculture Technology as a Service Market. The report provides a detailed analysis of the key factors of the Agriculture Technology as a Service Market that are expected to have a positive impact on the growth of the Agriculture Technology as a Service Market industry. 

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. 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. 

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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.

The report further sheds light on the competitive landscape of the Agriculture Technology as a Service market to offer the readers an advantage over others. The competitive landscape section of the report talks about the recent advancements in the R&D and technologies undertaken by the prominent players, along with their strategic business expansion plans, product launches, and brand promotions. The report pays special attention to the strategic alliances such as mergers and acquisitions, joint ventures, collaborations, agreements, corporate and government deals, and others adopted by the prominent players of the industry to expand their market presence and gain a substantial market position.

Major Companies in the Market Include:

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

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Segmental Analysis

The global Agriculture Technology as a Service market is broadly segmented on the basis of different product types, application range, end-use industries, key regions, and an intensely competitive landscape. This section of the report is solely targeted at readers looking to select the most appropriate and lucrative segments of the Agriculture Technology as a Service sector in a strategic manner. The segmental analysis also helps companies interested in this sector make optimal business decisions and achieve their desired goals.

Emergen Research has segmented the global Agriculture Technology as a Service market on the basis of service type, technology, application, and region:

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

Regional Analysis:

This section of the report offers valuable insights into the geographical segmentation of the Agriculture Technology as a Service market, alongside estimating the current and future market valuations based on the demand-supply dynamics and pricing structure of the leading regional segments. Furthermore, the growth prospects of each segment and sub-segment have been meticulously described in the report.

The report classifies the global Agriculture Technology as a Service market into various regions, including:

  • North America (U.S., Canada)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Middle East & Africa (Saudi Arabia, the U.A.E., South Africa, Rest of MEA)

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The report covers the analysis of the factors anticipated to drive the Global Agriculture Technology as a Service Market growth over the forecast period of 2021-2028. The report is an all-inclusive document covering the market landscape and a futuristic perspective on its growth and progress. The report also provides an analysis of the entry-level driving and restraining factors for the new entrants contributing to the market. The report considers 2020 as the base year and 2018-2019 as the historical years. It puts examines the drivers and restraints of the Agriculture Technology as a Service market and analyzes their impact on the industry throughout the forecast period.

Table of Contents:

Chapter 1 includes an introduction of the global Agriculture Technology as a Service market, along with a comprehensive market overview, market scope, product offerings, and an investigation of the market drivers, growth opportunities, risks, restraints, and other vital factors.

Chapter 2 offers an in-depth analysis of the key manufacturers engaged in this business vertical, along with their sales and revenue estimations.

Chapter 3 elaborates on the highly competitive terrain of the market, highlighting the key manufacturers and vendors.

In Chapter 4, our team has fragmented the market on the basis of regions, underscoring the sales, revenue, and market share of each region over the forecast timeline.

Chapters 5 and 6 have laid emphasis on the market segmentation based on product type and application.

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