Agriculture Technology-as-a-Service Market Size, Growth, Share, Competitive Analysis and Future Trends 2028: MarkNtel Advisors

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Market Insights

As per recent research by MarkNtel Advisors, The Global Agriculture Technology-as-a-Service Market is projected to grow at a CAGR of around 23.12% during the forecast period, i.e., 2023-28.

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Global Agriculture Technology-as-a-Service Market Driver:

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.

Market Segmentation and Consumer Behavior:

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

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Agriculture Technology-as-a-Service Market Geographical Analysis:

By Region:

North America
South America
Europe
The Middle East & Africa
Asia Pacific

Key Players and Competitive Strategies in the Agriculture Technology-as-a-Service Market

Several prominent players dominate the Agriculture Technology-as-a-Service Market, including:

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
Topcon Corporation
Teejet Corporation
SGS SA
Raven Industries Inc
Intertek Group Plc
Airbus SAS
AT&T
Ceres Imaging Inc
Hexagon Agriculture
Nutrien AgSolutions Inc.

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Questions Addressed in this Study

1.What factors are driving the Agriculture Technology-as-a-Service Market growth?

2.How is the Agriculture Technology-as-a-Service Market expected to grow over the next five years?

3.What are the key insights into the current trends in the Agriculture Technology-as-a-Service Market?

4.What is the current size of the Agriculture Technology-as-a-Service Market, and how is it projected to change in the future?

5.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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