Global Agriculture Technology-as-a-Service Market: In-Depth Analysis and Forecasts for 2023-2028
MarkNtel Advisors, a leading market research firm, has showed its latest study titled "Agriculture Technology-as-a-Service Market", offering a detailed industry overview and market perspective. This comprehensive research provides insights into the current state of the market, highlighting recent advancements and emerging trends.
The report combines in-depth quantitative analysis with qualitative analysis; it ranges from macro-overviews of the overall market size, industry chain, and market dynamics to micro details of segment markets. This, as a result, provides a thorough overview of the industry under study as well as a profound understanding of all of its important features.
Analysis and Insights into the Agriculture Technology-as-a-Service Market: 2023-2028
The Global Agriculture Technology-as-a-Service Market is anticipated to grow at a CAGR of around 23.12% during the forecast period, i.e., 2023-28, cites MarkNtel Advisors. The market growth attributes primarily to the consistently growing need for agricultural products across the world. The increasing human population, changes in dietary patterns, and improving farmers’ income are the main reasons for the requirement for optimum agricultural produce through the integration of state-of-the-art technologies. The introduction of new analytical & predictive software & its features like crop monitoring, crop protection, farm management, etc., assists the farmers in efficiently managing their planted crops, nutrients in the soil, water level, etc.
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What are the primary factors driving the growth of the Agriculture Technology-as-a-Service Market?
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.
Agriculture Technology-as-a-Service Market Segmentation:
The Agriculture Technology-as-a-Service market is categorized in to different segments. Analyzing growth across these segments enables a comprehensive understanding of key growth areas within the industry. This segmentation provides valuable market insights, empowering stakeholders to make strategic decisions and identify primary market applications effectively.
By Service Type
- Software-as-a-Service- Market size & Forecast 2018-2028, USD Million
- Equipment-as-a-Service- Market size & Forecast 2018-2028, USD Million
By Technology
- Data Analytics & Intelligence- Market size & Forecast 2018-2028, USD Million
- Guidance Technology- Market size & Forecast 2018-2028, USD Million
- Sensing Technology- Market size & Forecast 2018-2028, USD Million
- Variable Rate Application Technology- Market size & Forecast 2018-2028, USD Million
- Others- Market size & Forecast 2018-2028, USD Million
By Application
- Yield Mapping & Monitoring- Market size & Forecast 2018-2028, USD Million
- Soil Management- Market size & Forecast 2018-2028, USD Million
- Crop Health Management- Market size & Forecast 2018-2028, USD Million
- Navigation & Positioning- Market size & Forecast 2018-2028, USD Million
- Others- Market size & Forecast 2018-2028, USD Million
Geographical Analysis into the Agriculture Technology-as-a-Service Market:
The Agriculture Technology-as-a-Service market is categorized based regional:
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
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Competitive Landscape and Agriculture Technology-as-a-Service Market Share Analysis:
The competitive landscape of the Agriculture Technology-as-a-Service Market includes comprehensive details about competitors. These details encompass company overviews, financial performance, revenue generation, market potential, investments in research and development, new market strategies, production facilities, strengths and weaknesses, product launches, ongoing trials, approvals, patents, product range, dominant applications, and technology life cycle.
- 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
- IBM Corporation, etc.
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Questions Addressed in this Study
- What factors are driving the Agriculture Technology-as-a-Service Market growth?
- How is the Agriculture Technology-as-a-Service Market expected to grow over the next five years?
- What are the key insights into the current trends in the Agriculture Technology-as-a-Service Market?
- What is the current size of the Agriculture Technology-as-a-Service Market, and how is it projected to change in the future?
- What is the future outlook for the Agriculture Technology-as-a-Service Market in terms of technological advancements and market expansion?
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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 14.8 diverse industrial verticals.
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