Agriculture Technology-as-a-Service Industry Report 2023–2028: Growth, Trends & Key Players
Market Size, Growth & Valuation (2023-30)
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.
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Agriculture Technology-as-a-Service Market Structure – Segmentation & Geography
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
Equipment-as-a-service is expected to grow at a faster pace in the forthcoming years in the global market, as equipment companies are launching new products on a subscription model globally.
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
Data Analytics & Intelligence acquired the highest market share in the overall Global Agriculture Technology-as-a-Service Market during the historical period, owing to the rising demand for advanced data-driven insights & decision-making capabilities in the agriculture industry.
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
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia Pacific.
North America held a prominent market share since the historical period.
Key Growth Trends (2023-2028)
Artificial Intelligence (AI) to Boost Crop Production Through Predictive Modeling – The agriculture industry has seen a surge due to the growing food demands. Nowadays to yield large amounts of agricultural produce farmers are relying on technologies. The rising trend of combining technology with traditional farming methods might have a positive impact on the market in the coming years as it allows farmers to produce more crops with fewer resources.
The AI-powered solutions aid in the monitoring of soil & growing conditions as well as providing regular weather updates. As a result, farmers are better able to plan their crop cultivation, boosting crop production capacity & crop quality. For instance, companies such as AmigoIq LLC provide AI-powered smart farming solutions to optimize farming processes by achieving targets based on predictive modeling, thus supporting the Global Agriculture Technology-as-a-Service Market.
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Research Methodology
MarkNtel Advisors employs a thorough and iterative research methodology to enhance accuracy in market estimates. Our process combines bottom-up and top-down approaches, focusing on data triangulation for validation. It includes defining research objectives, selecting representative samples, and collecting data through surveys and interviews. Post-collection, we analyze and validate the data using statistical tools, ensuring reliability. Finally, we forecast market trends through predictive modeling, compiling our insights into detailed reports with charts and strategic recommendations for informed decision-making.
Competitive Analysis Framework
The Agriculture Technology-as-a-Service industry is moderately fragmented, with key players focusing on technological advancements and strategic partnerships. A detailed competitive analysis helps businesses benchmark against industry leaders and identify growth opportunities.
Leading Agriculture Technology-as-a-Service Companies are:
- AGCO Corporation
- CLAAS Group
- CNH Industrial NV
- Deere & Company
- Kubota Corporation
- Yanmar Co. Ltd
- 365FarmNet GmBH
- Agrivi
- CropIn Technology Solutions Pvt Ltd
- Fujitsu Ltd
- IBM Corporation
- Microsoft Corporation
- Robert Bosch GmBH
- Trimble Inc
- Parrot SA
- Pixhawk
- Precision Hawk
- Harvest Automation Inc.
- Naio Technologies
- Small Robot Company
- Others Potential Players.
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Key Questions Answered in This Report:
- What is the current market size of Agriculture Technology-as-a-Service, and what growth rate is projected by 2028?
- Which key trends are driving Agriculture Technology-as-a-Service market expansion in the next five years?
- How does market segmentation impact industry dynamics?
- Which geographic regions offer the highest growth potential?
- What are the primary challenges hindering Agriculture Technology-as-a-Service industry growth?
- How do regulatory policies influence market development?
- What are the latest technological advancements impacting the sector?
- Who are the leading Agriculture Technology-as-a-Service companies, and what are their market shares?
- What strategies are top competitors adopting to maintain dominance?
- What are the emerging niche segments with high growth potential?
- How do macroeconomic factors affect market performance?
- What are the investment opportunities for new entrants?
- How does pricing strategy vary across different market segments?
- What are the future innovation trends expected in this industry?
Other Report:
- https://medium.com/@amitkumarmarkntel/middle-east-africa-smart-water-management-market-size-forecast-2023-2028-trends-and-growth-aa39fead217e
- https://uberant.com/article/2123286-namibia-tire-industry-report-20232028-growth-trends-key-players/
- https://globalriskcommunity.com/notes/uae-rent-a-car-market-analysis-2023-2028-size-share-future-outloo
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