The latest addition to Emergen Research’s ever-growing collection, the Comprehensive Global Agriculture Technology as a Service Market Research Study, offers insights into the Agriculture Technology as a Service Market and its essential elements. The report offers perceptions into the drivers of business growth. Agriculture Technology as a Services, company prospects, encouraging growth regions, and projected growth rates through 2028. The study offers a thorough evaluation of the pandemic’s general effects on the Agriculture Technology as a Service Market and its key categories. The paper also discusses how specific market groups have been impacted by the pandemic. It also evaluates the impacts of the pandemic, both now and in the future, on the Agriculture Technology as a Service market. The report was produced after extensive primary and secondary research was carried out with the goal of providing readers and businesses a competitive edge over their competitors in the industry. This study looks at other important aspects of regional markets in addition to the drivers and restraints of revenue growth, production and consumption patterns, shifting consumer preferences, and strict regulatory standards. Financial difficulties brought on by the pandemic have slowed down corporate development globally and affected global supply chains. In order to make an accurate prediction of the Agriculture Technology as a Service market for the following years, the study looks at both the current environment and past data. In-depth analysis of the factors that could promote or prevent market expansion in the upcoming years is also provided by the study. The analysis indicates that one of the main reasons why the market will probably decline over the future years is the current pandemic. Business has been significantly impacted by the pandemic, which has adversely altered demand patterns and market dynamics.
The global 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. 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. Growing preference towards drone farming, smart livestock monitoring, autonomous-farming machinery, and smart-building and -equipment management are other key factors boosting demand for services related to agriculture technologies. Increasing utilization of smart crop monitoring solutions, which aims at optimizing resource usage and crop growth through real-time, precises and location-dependent adjustments are driving growth of the agriculture technology as a service market. Farmers are adopting drone farming as it provides more frequent, cost-effective remote monitoring of large areas, and enables remote interventions to boost yield and reduce losses caused by crop pests.
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Some players analyzed in the report are:
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.
The report further divides the Agriculture Technology as a Service market into key segments such as types, applications, end-user industries, technologies, and key regions of the market. The report also sheds light on the segment and region exhibiting promising growth in the Agriculture Technology as a Service market.
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)
The report also studies the key companies of the Agriculture Technology as a Service market along with analysis of their business strategies, M&A activities, investment plans, product portfolio, financial standing, gross profit margin, and production and manufacturing capacities.
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On the basis of type, the market is segmented into
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Service type Outlook (Revenue, USD Billion; 2018–2028)
- Equipment-as-a-Service (EaaS)
- Software-as-a-Service (SaaS)
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Technology Outlook (Revenue, USD Billion; 2018–2028)
- Guidance Technology
- Data Analytics and Intelligence
- Variable Rate Application Technology
- Sensing Technology
- Others
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Application Outlook (Revenue, USD Billion; 2018–2028)
- Soil Management
- Navigation and Positioning
- Yield Mapping and Monitoring
- Crop Health Management
- Others
Additionally, the report’s charts, tables, graphs, figures, and diagrams convey the analytical data in an orderly manner. Because of this, it is simpler for readers to understand the market situation in a useful way. In order to help the reader, make wise business decisions, the study also attempts to offer a forward-looking viewpoint and an informative conclusion. A thorough SWOT and Porter’s Five Forces analysis of the market segments expected to dominate the market, regional division, estimated market size and share, and more are included in the report’s conclusion.
Key Questions Answered by the Report:
Which region is expected to dominate the market in the coming years?
What are the recent technological and product advancements occurring in the market?
What are the key strategies adopted by the prominent players in the Agriculture Technology as a Service market?
What are the key product types and applications of the Agriculture Technology as a Service industry?
What is the outcome of SWOT analysis and Porter’s Five Forces analysis?
How is the competitive landscape of the Agriculture Technology as a Service market?
Who are the key players in the industry?
What is the growth rate of the industry over the coming years?
What will be the valuation of the Agriculture Technology as a Service Market by 2027?
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