Agriculture Technology-as-a-Service Market Report 2023-2028: Growth Trends, Demand Insights, and Competitive Landscape
The latest report by MarkNtel Advisors, titled “Agriculture Technology-as-a-Service Market Report By Service (Software-as-a-Service, Equipment-as-a-Service), 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), other and Region 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the Agriculture Technology-as-a-Service Market research report.
What is the market outlook for Agriculture Technology-as-a-Service?
The Global Agriculture Technology-as-a-Service Market is projected to grow at a CAGR of around 23.12% during the forecast period, 2023-28.
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Major Companies Operating in the Agriculture Technology-as-a-Service Industry:
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.
Agriculture Technology-as-a-Service Market Report Segmentation:
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.
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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Regional Insights:
- North America: USA, Canada, Mexico
- Europe: Germany, The UK, France, Spain, Italy
- Asia-Pacific: China, India, Japan, Australia
- South America: Brazil, and Argentina
- Middle East & Africa: Israel, South Africa
Global Agriculture Technology-as-a-Service Market Trend: Artificial Intelligence (AI) to Boost Crop Production Through Predictive Modeling
The agriculture industry has seen a surge due to the growing food demands. Nowadays to yield large amounts of agricultural produce farmers are relying on technologies. The rising trend of combining technology with traditional farming methods might have a positive impact on the market in the coming years as it allows farmers to produce more crops with fewer resources.
The AI-powered solutions aid in the monitoring of soil & growing conditions as well as providing regular weather updates. As a result, farmers are better able to plan their crop cultivation, boosting crop production capacity & crop quality. For instance, companies such as AmigoIq LLC provide AI-powered smart farming solutions to optimize farming processes by achieving targets based on predictive modeling, thus supporting the Global Agriculture Technology-as-a-Service Market.
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