Global Agriculture Technology-as-a-Service Market Size, Share, Analysis, Trends Future & Forecast 2028
MarkNtel Advisors has recently released an all-encompassing report on Global Agriculture Technology-as-a-Service Market. The report thoroughly explores the present and future market scenarios, providing valuable insights into market size, share, and competitor segmentation. It also delivers an overview of manufacturers, regions, product categories, and application areas. This extensive research is designed to empower clients with the knowledge required to comprehend and capitalize on market trends for their business strategies.
Forecast 2028: Revealing Agriculture Technology-as-a-Service Market Insights and Analysis
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.
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Market Driver: Sustainable Agriculture Solutions Meeting the Growing Need for Environmentally Friendly Farming
The increasing global population is contributing to escalating the demand for sustainable food around the globe. According to the World Bank, the population is presumed to reach around 9.7 billion by 2050, which positively generates the demand for food. Thus, sustainable agriculture solutions help to meet this demand while reducing the environmental effect of agriculture.
The rising impact of agriculture on the environment, including soil degradation, water pollution, and greenhouse gas emissions, has become a major concern. Sustainable farming practices, such as aquaponics & vertical farming, can help to mitigate these impacts. Henceforth, the surging demand for sustainable food production across the globe is driving the growth of the Global Agriculture Technology-as-a-Service Market as farmers seek out new & innovative ways to produce food that is environmentally friendly, healthy, and economically viable.
Moreover, environmental concerns & limited natural resources have led to a growing emphasis on sustainable farming practices around the world. Agriculture technology offers solutions for resource management, water conservation, soil health monitoring, and precision application of fertilizers & pesticides. These technologies enable farmers to minimize the environmental impact of agriculture while maintaining productivity.
Hence, the market would experience considerable growth in the forthcoming years, owing to the soaring global population & emphasis on sustainable farming practices driven by environmental concerns & limited natural resources.
A Comprehensive Overview of Geographical Diversity:
the Global Agriculture Technology-as-a-Service Market expands across:
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
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Agriculture Technology-as-a-Service Market Segmentation Outline:
- 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
Competitive Outlook
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.
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