Global Agriculture Technology as a Service Market Size, Share,

  • Agriculture Technology as a Service market size is expected to reach USD 4.93 Billion in 2028 and register a steady CAGR over the forecast period, according to latest analysis by Emergen Research.

    Rising need to increase global food production owing to rapidly increasing global population is a key factor driving market growth

    Steady market revenue growth can be attributed to rising need to increase global food production owing to rapid growth in global population. Manufacturers turned service providers are offering affordable agriculture technologies as services to small farmers, which is helping them to enhance productivity and farming efficiency.

    The Global Agriculture Technology as a Service Market report comprises of vital details of the Agriculture Technology as a Service business sphere that aims to offer the reader a comprehensive understanding of the Agriculture Technology as a Service market and identify optimum growth prospects to gain a competitive edge over other competitors.

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    Emergen Research has segmented the global Agriculture Technology as a Service market on the basis of service type, technology, application, and region:

    • Service Type Outlook (Revenue, USD Billion; 2018–2028)
      • Equipment-as-a-Service (EaaS)
      • Software-as-a-Service (SaaS)
    • Technology Outlook (Revenue, USD Billion; 2018–2028)
      • Guidance Technology
      • Data Analytics and Intelligence
      • Variable Rate Application Technology
      • Sensing Technology
      • Others      
    • Application Outlook (Revenue, USD Billion; 2018–2028)
      • Soil Management
      • Navigation and Positioning
      • Yield Mapping and Monitoring
      • Crop Health Management
      • Others

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    Elements analyzed in the report:

    The Global Agriculture Technology as a Service Market report offers an elaborate analysis of the different elements of the industry, such as product development and technological advancements, product types, applications, and major expansion strategies undertaken by prominent companies.

    Key players in the market include Trimble Inc., Deere & Company, AGCO Corporation, IBM Corporation, Accenture plc, Airbus S.A.S., AT&T Inc., Raven Industries, Inc., Topcon Corporation, and SGS S.A.

    Regional Analysis of the Agriculture Technology as a Service Market includes:

    • North America (U.S., Canada)
    • Europe (U.K., Italy, Germany, France, Rest of EU)
    • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
    • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
    • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

    North America accounted for largest revenue share contribution to the global Agriculture Technology as a Service market in 2020. Increasing adoption of precision farming technologies is expected to further drive growth of agriculture technology as a service market in the region.

    Some Key Highlights From the Report

    • In November 2020, Vera Smart Healthcare announced the expansion by investing another USD 20 million to add over twenty new healthcare services. For the funding, the company has attained the backing of U.S. investors. The company planned to roll out remote health services for home-based diagnostics & tests, medication delivery, virtual doctor care, and nutrition consultation.
    • Gastrointestinal Agriculture Technology as a Service is growing at a substantial pace as the number of gastrointestinal patients is exceedingly being propelled. Increasing incidences of pediatric gastroenterological disorders are also some of the key reasons for the demand for Agriculture Technology as a Service.
    • The hospital segment is increasingly adopting the technology to treat and consult patients located in remote areas. With overwhelmed staff, several hospitals are behind in the incorporation of IoT with their equipment, but recent developments are anticipated to increase funding to the healthcare sector, which in turn, will drive the demand of the virtual diagnostic market.

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