MarkNtel Advisors recently released a research report focusing on the Global Farming as a Service Market for the forecast period of 2023-28. This approach enhances user understanding and supports well-informed decision-making. The report comprehensively addresses significant changes, gap analyses, emerging opportunities, trends, industry dynamics, and competitive challenges using qualitative and quantitative data. To familiarize established businesses and newcomers with the present market scenario, the report offers detailed growth prospects for the industry and concise insights into competitors.
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Farming as a Service Market Insight and Analysis:
The Global Farming as a Service Market is projected to grow at a CAGR of around 15.3% during the forecast period, i.e., 2023-28.
Emerging Ag-Tech Start-ups: Key Trend to Watch
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.
For Instance,
- Infarm-urban farming startup founded in 2013 that combines vertical farms with IoT technologies and machine learning
- Microsoft India has launched the Agritech startup program that provides solutions and provides a series of benefits from technical support to income generation support to the farmers.
- Earth Sense agricultural intelligence had created the robot- TerraSentia that collects accuracy, speed, and cost data of in-field plants that have under-canopy traits that other technologies unable to measure.
Farming as a Service Industry Segmentation:
Based on Solution
– Farm Management
— Information Sharing
— Analytics
— Precision Farming Tools
– Production Assistance
— Equipment Rentals
— Labor Services
— Utility Services
– Access to Markets
Based on Delivery Model
– Pay-per-use
– Subscription
Based on End Users
– Farmers
– Government
– Corporate
– Financial Institutions
– Advisory Bodies
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Geographically Analysis:
– North America
– South America
– Asia-Pacific
– Middle East & Africa
– Europe
𝐋𝐢𝐬𝐭 𝐨𝐟 𝐏𝐫𝐨𝐦𝐢𝐧𝐞𝐧𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:
A thorough examination of the competitive landscape of the market involves a comprehensive analysis of its key competitors. This analysis delves deep into each company’s profile, financial achievements, market presence, potential, Research and Development (R&D) expenditures, recent strategic initiatives in the market, footprint, strengths, weaknesses, and market dominance. The information provided offers a comprehensive overview of the leading market players, including 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, Other.
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