Farming as a Service Market Overview 2023–2028: Share, Size & Future Trends

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Market Size, Growth & Valuation (2023-28)

Farming as a Service (FaaS) Market is projected to grow at a CAGR of around 15.3% during the forecast period, i.e., 2023-28.

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Farming as a Service Market Structure – Segmentation & Geography

By Solution

  • Farm Management- Market Size & Forecast 2018-2028F, USD Million
    • Information Sharing- Market Size & Forecast 2018-2028F, USD Million
    • Analytics- Market Size & Forecast 2018-2028F, USD Million
    • Precision Farming Tools- Market Size & Forecast 2018-2028F, USD Million
  • Production Assistance- Market Size & Forecast 2018-2028F, USD Million
    • Equipment Rentals- Market Size & Forecast 2018-2028F, USD Million
    • Labor Services- Market Size & Forecast 2018-2028F, USD Million
    • Utility Services- Market Size & Forecast 2018-2028F, USD Million
  • Access to Markets- Market Size & Forecast 2018-2028F, USD Million

By Application

  • Yield Mapping and Monitoring- Market Size & Forecast 2018-2028F, USD Million
  • Soil Management- Market Size & Forecast 2018-2028F, USD Million
  • Crop Health Management- Market Size & Forecast 2018-2028F, USD Million
  • Navigation and Positioning- Market Size & Forecast 2018-2028F, USD Million

By Farm Produce

  • Cereals- Market Size & Forecast 2018-2028F, USD Million
  • Oil Crops- Market Size & Forecast 2018-2028F, USD Million
  • Fiber Crops- Market Size & Forecast 2018-2028F, USD Million
  • Pulses- Market Size & Forecast 2018-2028F, USD Million
  • Fruits & Vegetables- Market Size & Forecast 2018-2028F, USD Million
  • Others (Nuts, Roots and Tuber, etc.) - Market Size & Forecast 2018-2028F, USD Million

By Delivery Model

  • Pay-per-use- Market Size & Forecast 2018-2028F, USD Million
  • Subscription- Market Size & Forecast 2018-2028F, USD Million

By End Users

  • Farmers- Market Size & Forecast 2018-2028F, USD Million
  • Government- Market Size & Forecast 2018-2028F, USD Million
  • Corporate- Market Size & Forecast 2018-2028F, USD Million
  • Financial Institutions- Market Size & Forecast 2018-2028F, USD Million
  • Advisory Bodies- Market Size & Forecast 2018-2028F, USD Million

By Region

  • North America
  • South America
  • Middle East & Africa
  • Europe
  • Asia-Pacific.

North America dominates the market with the largest revenue share, and the same trend is likely to be followed over the forecast years. 

Key Growth Trends (2023-2028)

Emerging Ag-Tech Start-upsb- The collaboration of technology with the agricultural sector emerging the market demand for farming as a service. To increase awareness regarding farming services, solutions, and technology among small-scale and mid-sized farm businesses, various start-ups around the world has established. The start-ups provide farming services based on a pay-per-use model that provides an economical option for farmers and reduces high investment risk. Also, these start-ups support farmers by providing technology and analytical support to low-income farmers on a loan basis that would boost their output yield.

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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 Farming 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 Farming as a Service Companies are:

  • Trimble Inc.
  • Em3 Agri Services Pvt. Ltd.
  • Apollo Agriculture
  • John Deere
  • Accenture
  • SGS Société Générale de Surveillance SA
  • Taranis
  • PrecisionHawk
  • IBM
  • ITC Limited
  • Ninjacart
  • Mahindra and Mahindra Limited
  • AGRIVI
  • Hexagon Agriculture
  •  

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Key Questions Answered in This Report:

  1. What is the current market size of Farming as a Service, and what growth rate is projected by 2028?
  2. Which key trends are driving Farming as a Service market expansion in the next five years?
  3. How does market segmentation impact industry dynamics?
  4. Which geographic regions offer the highest growth potential?
  5. What are the primary challenges hindering Farming as a Service industry growth?
  6. How do regulatory policies influence market development?
  7. What are the latest technological advancements impacting the sector?
  8. Who are the leading Farming as a Service companies, and what are their market shares?
  9. What strategies are top competitors adopting to maintain dominance?
  10. What are the emerging niche segments with high growth potential?
  11. How do macroeconomic factors affect market performance?
  12. What are the investment opportunities for new entrants?
  13. How does pricing strategy vary across different market segments?
  14. What are the future innovation trends expected in this industry?

Other Report:

About Us – MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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