The new report titled ‘Global Agriculture Technology as a Service Market’, published by Emergen Research, is methodically curated by our team of analysts, keeping readers’ understanding in mind, and includes a wide-ranging database of industry distribution. The report takes a closer look at the historical and current market scenarios to accurately predict the global Agriculture Technology as a Service market outlook over the forecast duration (2021-2028). Growing interest towards precision farming in developing countries is also driving demand for services related to agriculture technology. Precision farming includes yield monitoring, field mapping, crop scouting, weather tracking forecasting, irrigation management, inventory management, and farm labor management. Limited availability of natural resources such as arable land and freshwater across the world is boosting popularity of precision farming. Moreover, rising cost of labor owing to decline in agricultural workforce is another key factor driving demand for precision farming.

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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The global Agriculture Technology as a Service market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector.  The global Agriculture Technology as a Service market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers acquisitions, new product launches, and joint ventures.

Some of the key participants in this industry include:

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.

Key regions covered in the report:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East Africa

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The latest research report serves as a perfect example of the precise analysis of the global Agriculture Technology as a Service market. It includes the ToC, list of tables and figures, research methodology, geographic segmentation, competitive landscape, future developments, and technological innovation. Moreover, the report offers the latest coverage of the massive impact on the worldwide Agriculture Technology as a Service industries. The globally-disrupting incidence has impacted nearly every aspect of this business domain. However, the latest study expounds on the present market scenario and forecasts the pandemic’s aftermath, with respect to this industry. Furthermore, the major aspects of the market have been discussed in the report, with expert opinions on the current status of the market.

• 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

Valuable Market Insights:

• The report highlights the latest trends observed in the consumption pattern of each regional segment.
• Extensive market segmentation included in the report helps better understand the revenue and estimated growth of the individual regions.
• The report throws light on the historical and current market scenarios and provides a concise year-on-year growth rate of the global Agriculture Technology as a Service market.
• The report further entails the current market trends, technological advancements, revenue growth, and other aspects affecting market growth.

Questions addressed in the report:

• What is the estimated market growth rate throughout the forecast period?
• Which end-use industry is expected to witness the highest demand for Agriculture Technology as a Service in the near future?
• What is the regulatory framework governing the application of Agriculture Technology as a Service in the food industry?
• Which manufacturing processes are utilized for the production of Agriculture Technology as a Service?

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