Agriculture Technology-as-a-Service Market Growth to Hit 23.12% CAGR, Globally, by 2028 – Exclusive Report by MarkNtel Advisors Market Research

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Global Agriculture Technology-as-a-Service Market Insights 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.

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Top Players in the Agriculture Technology-as-a-Service Market:

  • 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

Segmentation Analysis of Agriculture Technology-as-a-Service Market

Agriculture Technology-as-a-Service Market exactly assesses and highlights significant trends and influencing factors within each segment. The comprehensive analysis extends its predictions for the period spanning 2023 to 2028, focusing on the national landscape. The market is exactly categorized based on this analysis, providing valuable insights into its various facets.

  • By Service Type
    • Software-as-a-Service
    • Equipment-as-a-Service

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. This technique helps the farmers to reduce their fixed cost of purchasing machinery when it could be run at minimal operational cost.

This technology has helped farmers grow low-value crops, mainly in developing nations & quite a few in developed nations, to maximize their cash flows. Companies such as Trimble Inc., Harvest Automation, and AGCO Corporation are some of the major players in the market providing EaaS for farmlands operations across the globe. Also, the introduction of machine intelligence & the Internet of Things (IoT) is presumed to improve predictive maintenance & boost growth for the equipment-as-a-service type in the forthcoming years.

  • By Technology
    • Data Analytics & Intelligence
    • Guidance Technology
    • Sensing Technology
    • Variable Rate Application Technology
    • Others
  • By Application
    • Yield Mapping & Monitoring
    • Soil Management
    • Crop Health Management
    • Navigation & Positioning
    • Others

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A Comprehensive Geographical Analysis:

By Region

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

North America held a prominent market share since the historical period. In part, the growth can be credited to the inclination to integrate advanced technology in farmlands, such as control systems & automation, and to smart farming, which is gaining acceptance at a faster rate.

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