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.
The research report gives a special focus on the strengths and weaknesses of the leading participants and offers a comprehensive SWOT analysis and an investigative study for their evolution through extensive historical analysis. Additionally, the global Agriculture Technology as a Service market is segmented into product types, applications, regions, and end-user industries. The report utilizes Porter’s Five Forces analysis to offer accurate predictions about the growth rate of the market. The study investigates and assesses the global Agriculture Technology as a Service market in terms of market size, market share, and revenue generation. The report also assesses the growth of the segments of the Agriculture Technology as a Service market over the forecast timeline.
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Some Key Highlights From the Report
- In May 2019, IBM announced Watson Decision Platform’s global expansion for agriculture with Artificial Intelligence technology tailored for specific regions and new crops in order to meet growing demand for food. IBM is offering global agriculture solutions which consist of a combination of predictive technology with data from The Weather Company and IoT to support farmers across the world obtain greater insights about planting, plowing, planning, spraying, and harvesting.
- Software-as-a-Service (SaaS) segment accounted for largest revenue share in 2020. Fertilizer distributors are offering software as services that analyzes field data to help farmers in determining the exact location and quantity of fertilizers to be applied, which is driving growth of this segment.
- Yield mapping and monitoring segment accounted for a significantly high revenue share in the Agriculture Technology as a Service market in 2020. The need for detecting problems such as crop diseases or pests are increasing deployment of sensors, which deliver imagery from remote corners of the field to help farmers in obtaining early warnings of pests or diseases.
- North America accounted for largest revenue share contribution to the global Agriculture Technology as a Service market in 2020. Increasing adoption of precision farming technologies is expected to further drive growth of agriculture technology as a service market in the region.
- Key players 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.
Market Segmentation:
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:
The report provides an investigation of the global market in various geographical regions. The regional analysis states the global market is bifurcated into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The report also covers import export consumption, supply and demand ratio, cost, pricing analysis, gross margin, and revenue estimation of each player in each region. The report covers a detailed examination of the market scenarios and trends on a regional and global level.
Key geographical regions analyzed in the report:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Key Objectives of the Agriculture Technology as a Service Market Report:
- To provide an exhaustive overview of the Agriculture Technology as a Service market both on the global and regional levels
- To offer extensive analysis and forecast of the market scenario for the global Agriculture Technology as a Service market
- Analysis of the market segmentation, market size and share, and estimations for the same in the forecast period
- Extensive study of market dynamics and the factors influencing the growth of the industry
- Comprehensive competitive landscape analysis and extensive regional analysis
- SWOT analysis, Porter’s Five Forces analysis, feasibility analysis, and investment return analysis
- Prevailing marketing strategies along with strategic recommendations for the new players and established companies
Table Of Content:
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2021-2028
Chapter 3. Key Insights
Chapter 4. Agriculture Technology as a Service Market Segmentation & Impact Analysis
4.1. Agriculture Technology as a Service Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Rising need to increase global food production
4.2.2.2. Increasing investment of government for technology
4.2.2.3. Growing trend towards precision farming
4.2.3. Market restraints analysis
4.2.3.1. Lack of technical knowledge among farmers
4.2.3.2. High cost of modern agricultural equipment
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Agriculture Technology as a Service Market By Service type Insights & Trends, Revenue (USD Billion)
5.1. Service type Dynamics & Market Share, 2021 & 2028
5.1.1. Equipment-as-a-Service (EaaS)
5.1.2. Software-as-a-Service (SaaS)
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Contact Information:
Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research | Web: www.emergenresearch.com
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com