Global Agriculture Technology As A Overview
Introduction:
Agriculture technology as a service Market accounted for US$ 16.1 billion in 2024 and is estimated to be US$ 41.8 billion by 2034 and is anticipated to register a CAGR of 10.0%.
The technology is improving in every business sector including agriculture, therefore the farmers are depend on information technology for many things such as managing farm operations, manage crops and livestock. To summarize, e-Agriculture is a new phenomenon, which is changing processes in farming and food production. Cloud computing is one application that farmers help for better management of crops and their business through its application called software-as-a-service (Saas). Also some of these applications provide feature to farmers to create budgets and operational schedules as per production plans.
Global Agriculture Technology As A Dynamics
Growing need to adopt developed technologies in agriculture industry, change in capital expenditure into operational expenditure for farmer, and having great customer retention for service providers are major factors driving growth of the global market. Additionally, increase in demand and consumption of livestock-based products and seafood, rise in consumer awareness about food safety, with governments’ support to adopt modern agricultural techniques, are also boosting growth of the target market. Moreover, demand for agricultural production is raising continuously due to the increasing population which is a major factor supporting the target market growth. For instance, according to Fao.org the demand for food is expected to grow for cereals (for food and animal feed) which are expected to reach some 3 billion tones by 2050. Additionally, the annual cereal production is expected to grow by almost a billion tones. The high investment capital for acquisition and operation as agriculture technology as a service is the major factor restraining the target market growth. Additionally, research and development to reduce the cost of such services will expect to provide a lucrative growth opportunity to the global market growth.
Global Agriculture Technology As A Segmentation
The agriculture technology as a service market is segmented based on service type, technology, application, and region.
On the basis of service type, the target market is segmented in to software-as-a-service (SaaS), and equipment-as-a-service (EaaS). The software-as-a-service (SaaS) is expected to dominate the market segment, because it provides better manage crops and their business through application, also have a feature such as an analytics software that helps farmers track costs, production yields and profits against benchmarked values. By technology the market is segmented into data analytics and intelligence, guidance technology, sensing technology, and variable rate application technology. By Application, the target market is segmented into yield mapping and monitoring, soil management, crop health management and navigation and positioning. Yield mapping and monitoring segment is projected to dominate the market share in the segment because this provides accurately monitored yield data which enables future site-specific field preparation.
Based on region the agriculture technology as a service market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In 2017, North America dominated the market and is expected to maintain its dominance over the forecast period. This is mainly attributed due to increasing consumers of agriculture technology as a service in this region. The Asia Pacific is expected to be the fastest growing region for the target market. This is due to rising acceptance of such technology by farmer and government initiatives for agriculture field and adoption of such technology.
Detailed Segmentation:
Agriculture technology as a service Market, By Service Type:
- Software-as-a-Service (SaaS)
- Equipment-as-a-Service (EaaS)
Agriculture technology as a service Market, By Technology:
- Data Analytics and Intelligence
- Guidance Technology
- Sensing Technology
- Variable Rate Application Technology
Agriculture technology as a service Market, By Application:
- Yield Mapping and Monitoring
- Soil Management
- Crop Health Management
- Navigation and Positioning
Agriculture technology as a service Market, By Region:
- North America
- North America Agriculture technology as a service Market, By Service Type
- North America Agriculture technology as a service Market, By Technology
- North America Agriculture technology as a service Market, By Application
- North America Agriculture technology as a service Market, By Country
- U.S.
- Canada
- Europe
- Europe Agriculture technology as a service Market, By Service Type
- Europe Agriculture technology as a service Market, By Technology
- Europe Agriculture technology as a service Market, By Application
- Europe Agriculture technology as a service Market, By Country
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Asia Pacific Agriculture technology as a service Market, By Service Type
- Asia Pacific Agriculture technology as a service Market, By Technology
- Asia Pacific Agriculture technology as a service Market, By Application
- Asia Pacific Agriculture technology as a service Market, By Country
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Latin America Agriculture technology as a service Market, By Service Type
- Latin America Agriculture technology as a service Market, By Technology
- Latin America Agriculture technology as a service Market, By Application
- Latin America Agriculture technology as a service Market, By Country
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Middle East & Africa Agriculture technology as a service Market, By Service Type
- Middle East & Africa Agriculture technology as a service Market, By Technology
- Middle East & Africa Agriculture technology as a service Market, By Application
- Middle East & Africa Agriculture technology as a service Market, By Country
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
Company Profile:
- Trimble Inc. *
- Company Overview
- Chipset Portfolio
- Key Highlights
- Financial Performance
- Deere & Company
- AGCO Corporation
- CNH Industrial N.V.
- Accenture plc
- Airbus S.A.S.
- AT&T Inc.
- Raven Industries
- Topcon Corporation
- SGS S.A.
- Intertek plc
- Taranis
- PrecisionHawk
- Naio Technologies
- IBM Corporation
- Microsoft Corporation.
“*” marked represents similar segmentation in other categories in the respective section.
Global Agriculture Technology As A Key Players
The key players operating the agriculture technology as a service market involves Trimble Inc., Deere & Company, AGCO Corporation, CNH Industrial N.V., Accenture plc, Airbus S.A.S., AT&T Inc., Raven Industries, Topcon Corporation, SGS S.A., Intertek plc, Taranis, PrecisionHawk, Naio Technologies, IBM Corporation, and Microsoft Corporation.
Global Agriculture Technology As A Table of Contents
Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
Market Preview
- Executive Summary
- Key Findings—Global Outlook for medical carts Strategies
- Key Questions this Study will Answer
- Market Snippet, By Service Type
- Market Snippet, By Technology
- Market Snippet, By Application
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restrains
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
Market Segmentation, By Service Type, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Software-as-a-Service (SaaS)
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Equipment-as-a-Service (EaaS)
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
Market Segmentation, By Technology, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Data Analytics and Intelligence
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Guidance Technology
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Sensing Technology
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Variable Rate Application Technology
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
Market Segmentation, By Application, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Yield Mapping and Monitoring
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Soil Management
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Crop Health Management
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Navigation & Positioning
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
Global Market, By Region, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Regional Trends
- North America
- Market Size and Forecast (US$ Bn), By Service Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Technology, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Bn), By Service Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Technology, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- UK
- France
- Germany
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Bn), By Service Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Technology, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Bn), By Service Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Technology, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Bn), By Service Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Technology, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- GCC
- Israel
- South Africa
- Rest of Middle East
Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
Company Profiles
- Trimble Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Deere & Company
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- AGCO Corporation.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- CNH Industrial N.V.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Accenture plc
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Airbus S.A.S.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- AT&T Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Raven Industries
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Intertek plc
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Taranis
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
The Last Word
- Future Impact
- About Us
- Contact
FAQs
The agriculture as a service market accounted for US$ 16.1 billion in 2024 and is estimated to be US$ 41.8 billion by 2034 and is anticipated to register a CAGR of 10.0%.
Agricultural as a service market is expected to grow with a progressive CAGR of 10% during the forecasted period.
The global agriculture technology as a service market is segmented based on service type, technology, application, and region.
Growing need to adopt developed technologies in agriculture industry, change in capital expenditure into operational expenditure for farmer, and having great customer retention for service providers are major factors driving growth of the global market.
North America dominated the global market and is expected to maintain its dominance over the forecast period. This is mainly attributed due to increasing consumers of agriculture technology as a service in this region.
Major players have developed a leading approach to precision agriculture technology through advanced communications and telematics, onboard sensors and computers, and precise global navigation satellite systems technology to enable farmers to better control input costs and yields, improve soil conservation, minimize chemical use, and to gather information.