Global Agriculture Technology-as-a-Service Market Size, Share, Analysis, Trends Future & Forecast 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. The market growth attributes primarily to the consistently growing need for agricultural products across the world. The increasing human population, changes in dietary patterns, and improving farmers’ income are the main reasons for the requirement for optimum agricultural produce through the integration of state-of-the-art technologies. The introduction of new analytical & predictive software & its features like crop monitoring, crop protection, farm management, etc., assists the farmers in efficiently managing their planted crops, nutrients in the soil, water level, etc.
In addition, the report furnishes thorough information about the vendors, covering critical aspects such as shipments, pricing strategies, revenue generation, gross profit margins, interview records, company distribution channels, and more. These statistics provide consumers with valuable insights into the market’s competitive landscape. The analysis further encompasses data on regional development, market size, volume, value, and pricing, encompassing various countries and regions.
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The primary objective of this study is to equip readers with a clear understanding of the market landscape, including segmentation, potential opportunities, significant trends, and existing challenges. The report’s development involved extensive research and analysis, ensuring readers gain profound insights into the market dynamics and its potential trajectory.
The study is designed to aid in understanding the market and assist in formulating appropriate strategies for business expansion. Within the strategy study, a thorough analysis is provided for both new entrants and existing competitors in the industry under examination. This includes insights ranging from marketing channels and market positioning to future growth strategies. The study continually monitors prevailing market dynamics, such as driving and hindering forces, in addition to corporate activities such as mergers, acquisitions, and investments. It encompasses market size (value and volume), market share, growth rate, and employs a blend of qualitative and quantitative methodologies to provide projections specific to various locations or nations.
Prominent Market Segments and Key Players
In this section, a comprehensive examination of effective marketing strategies, market contributions, and recent advancements is carried out for prominent companies like Deere & Company, Trimble Inc., AGCO Corporation, Accenture plc, CNH Industrial N.V., Airbus S.A.S., Raven Industries, AT&T Inc., Topcon Corporation, Intertek plc, SGS S.A., Taranis, Naio Technologies, PrecisionHawk, Microsoft Corporation, and IBM Corporation, etc. Various methods and analyses are employed to ensure a detailed and reliable understanding of the market. The global Agriculture Technology-as-a-Service market is divided into distinct segments, namely:
-By Service Type
-Software-as-a-Service- Market size & Forecast 2018-2028, USD Million
-Equipment-as-a-Service- Market size & Forecast 2018-2028, USD Million
-By Technology
-Data Analytics & Intelligence- Market size & Forecast 2018-2028, USD Million
-Guidance Technology- Market size & Forecast 2018-2028, USD Million
-Sensing Technology- Market size & Forecast 2018-2028, USD Million
-Variable Rate Application Technology- Market size & Forecast 2018-2028, USD Million
-Others- Market size & Forecast 2018-2028, USD Million
-By Application
-Yield Mapping & Monitoring- Market size & Forecast 2018-2028, USD Million
-Soil Management- Market size & Forecast 2018-2028, USD Million
-Crop Health Management- Market size & Forecast 2018-2028, USD Million
-Navigation & Positioning- Market size & Forecast 2018-2028, USD Million
-Others- Market size & Forecast 2018-2028, USD Million
-By Region
-North America
-South America
-Europe
-The Middle East & Africa
-Asia Pacific
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This segmentation aids in identifying primary application areas, target market variations, specialized growth areas, and suitable marketing approaches.
Recent Developments in the Global Agriculture Technology-as-a-Service Market
- 2023: AGCO and Bosch BASF Smart Farming announced their joint development & commercialization of smart spraying capabilities. Under this partnership, companies aim to deliver optimal herbicide savings without compromising weed control & enable targeted spraying during day- & night-time conditions.
- 2022: AGCO Corporation announced the launch of brand-new online tool called Geo-Bird that would help farmers across the globe to independently plan & optimize their global navigation satellite system (GNSS) machine guidance lines.
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Some of the Key Questions Answered in this Report:
- What are the growth estimates of the Global Agriculture Technology-as-a-Service Market for the years 2023-28?
- Which market factors will support the formulation of client and business strategies?
- What are the significant market opportunities for each segment mentioned in the research report?
- What major market players employ the main strategies to facilitate growth?
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MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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