Global Farming As A Service Market is valued approximately USD 4.05 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 15.0% over the forecast period 2024-2032. Farming As A Service (FaaS) represents a transformative model in agriculture, redefining how farmers access essential resources and support. This innovative approach entails providing farmers with a comprehensive suite of agricultural services and resources through subscription or pay-per-use arrangements. Through harnessing the power of digital technologies and data-driven methodologies, FaaS revolutionizes traditional farming practices, empowering farmers with enhanced efficiency and productivity. Furthermore, rising focus towards data-driven decision making are gaining attention towards Global Farming As A Service Market. Farmers increasingly rely on data analytics and insights provided by FaaS platforms to make informed decisions about crop management, irrigation, pest control, and other aspects of farming. Data-driven decision-making helps optimize farm operations and maximize productivity.
Global Farming As A Service Market is driven by increasing adoption of modern agricultural techniques and rising demand for food across the world. Farming as a Service (FaaS) platforms leverage modern agricultural techniques by providing farmers with access to a suite of digital tools, technologies, and services tailored to optimize their farming operations. These platforms offer solutions for precision agriculture, data analytics, farm management, equipment rentals, and more, empowering farmers to adopt and implement modern techniques effectively. In addition, FaaS solutions offer tools and technologies that enable farmers to enhance productivity and efficiency, thereby helping to meet the rising demand for food. However, high cost of Farming As A Service and lack of awareness among farmers is going to impede the overall demand for the market during the forecast period 2024-2032.
The key regions considered for the Global Farming As A Service market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. In 2023, North America was the largest regional market in terms of revenue owing to factors such as increasing adoption of smart farming methods and access to large agricultural land across the region. FaaS platforms facilitate the integration and interoperability of various smart farming technologies and data sources, providing farmers with a unified and holistic view of their operations. By consolidating data from diverse sources such as sensors, drones, weather stations, and historical records, FaaS enables farmers to make informed decisions based on comprehensive insights and analytics. Furthermore, the market in Asia Pacific, on the other hand, is expected to grow at the fastest rate over the forecast period.
Major market player included in this report are:
- Mahindra & Mahindra Limited
- Deere & Company
- ITC Limited
- Trimble Inc
- EM3 AgriServices Pvt Ltd
- Apollo Agriculture Limited
- Accenture plc
- Taranis Visual Ltd
- PrecisionHawk Inc
- International Business Machines Corporation
The detailed segments and sub-segment of the market are explained below:
By Service
- Farm Management Solutions
- Production Assistance
- Access to Markets
By Delivery Model
By End-user
- Farmers
- Government
- Corporate
- Financial Institutions
- Advisory Bodies
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- RoMEA
Years considered for the study are as follows:
- Historical year - 2022
- Base year - 2023
- Forecast period - 2024 to 2032
Key Takeaways:
- Market Estimates & Forecast for 10 years from 2022 to 2032.
- Annualized revenues and regional level analysis for each market segment.
- Detailed analysis of geographical landscape with Country level analysis of major regions.
- Competitive landscape with information on major players in the market.
- Analysis of key business strategies and recommendations on future market approach.
- Analysis of competitive structure of the market.
- Demand side and supply side analysis of the market.
Table of Contents
Chapter 1.Global Farming As A Service Market Definition and Research Assumptions
- 1.1.Research Objective
- 1.2.Market Definition
- 1.3.Research Assumptions
- 1.3.1.Inclusion & Exclusion
- 1.3.2.Limitations
- 1.3.3.Supply Side Analysis
- 1.3.3.1.Availability
- 1.3.3.2.Infrastructure
- 1.3.3.3.Regulatory Environment
- 1.3.3.4.Market Competition
- 1.3.3.5.Economic Viability (Consumer's Perspective)
- 1.3.4.Demand Side Analysis
- 1.3.4.1.Regulatory frameworks
- 1.3.4.2.Technological Advancements
- 1.3.4.3.Environmental Considerations
- 1.3.4.4.Consumer Awareness & Acceptance
- 1.4.Estimation Methodology
- 1.5.Years Considered for the Study
- 1.6.Currency Conversion Rates
Chapter 2.Executive Summary
- 2.1.Global Farming As A Service Market Size & Forecast (2022- 2032)
- 2.2.Regional Summary
- 2.3.Segmental Summary
- 2.3.1.By Service
- 2.3.2.By Delivery Model
- 2.3.3.By End-user
- 2.4.Key Trends
- 2.5.Recession Impact
- 2.6.Analyst Recommendation & Conclusion
Chapter 3.Global Farming As A Service Market Dynamics
- 3.1.Market Drivers
- 3.2.Market Challenges
- 3.3.Market Opportunities
Chapter 4.Global Farming As A Service Market: Industry Analysis
- 4.1.Porter's 5 Force Model
- 4.1.1.Bargaining Power of Suppliers
- 4.1.2.Bargaining Power of Buyers
- 4.1.3.Threat of New Entrants
- 4.1.4.Threat of Substitutes
- 4.1.5.Competitive Rivalry
- 4.1.6.Futuristic Approach to Porter's 5 Force Model
- 4.1.7.Porter's 5 Force Impact Analysis
- 4.2.PESTEL Analysis
- 4.2.1.Political
- 4.2.2.Economic
- 4.2.3.Social
- 4.2.4.Technological
- 4.2.5.Environmental
- 4.2.6.Legal
- 4.3.Top investment opportunity
- 4.4.Top winning strategies
- 4.5.Disruptive Trends
- 4.6.Industry Expert Perspective
- 4.7.Analyst Recommendation & Conclusion
Chapter 5.Global Farming As A Service Market Size & Forecasts by Service 2022-2032
- 5.1.Farm Management Solutions
- 5.2.Production Assistance
- 5.3.Access to Markets
Chapter 6.Global Farming As A Service Market Size & Forecasts by Delivery Model 2022-2032
- 6.1.Subscription
- 6.2.Pay-per-Use
Chapter 7.Global Farming As A Service Market Size & Forecasts by End-user 2022-2032
- 7.1.Farmers
- 7.2.Government
- 7.3.Corporate
- 7.4.Financial Institutions
- 7.5.Advisory Bodies
Chapter 8.Global Farming As A Service Market Size & Forecasts by Region 2022-2032
- 8.1.North America Farming As A Service Market
- 8.1.1.U.S. Farming As A Service Market
- 8.1.1.1.Service breakdown size & forecasts, 2022-2032
- 8.1.1.2.Delivery Model breakdown size & forecasts, 2022-2032
- 8.1.1.3.End-user breakdown size & forecasts, 2022-2032
- 8.1.2.Canada Farming As A Service Market
- 8.2.Europe Farming As A Service Market
- 8.2.1.U.K. Farming As A Service Market
- 8.2.2.Germany Farming As A Service Market
- 8.2.3.France Farming As A Service Market
- 8.2.4.Spain Farming As A Service Market
- 8.2.5.Italy Farming As A Service Market
- 8.2.6.Rest of Europe Farming As A Service Market
- 8.3.Asia-Pacific Farming As A Service Market
- 8.3.1.China Farming As A Service Market
- 8.3.2.India Farming As A Service Market
- 8.3.3.Japan Farming As A Service Market
- 8.3.4.Australia Farming As A Service Market
- 8.3.5.South Korea Farming As A Service Market
- 8.3.6.Rest of Asia Pacific Farming As A Service Market
- 8.4.Latin America Farming As A Service Market
- 8.4.1.Brazil Farming As A Service Market
- 8.4.2.Mexico Farming As A Service Market
- 8.4.3.Rest of Latin America Farming As A Service Market
- 8.5.Middle East & Africa Farming As A Service Market
- 8.5.1. Saudi Arabia Farming As A Service Market
- 8.5.2. South Africa Farming As A Service Market
- 8.5.3.Rest of Middle East & Africa Farming As A Service Market
Chapter 9.Competitive Intelligence
- 9.1.Key Company SWOT Analysis
- 9.2.Top Market Strategies
- 9.3.Company Profiles
- 9.3.1.Mahindra & Mahindra Limited
- 9.3.1.1.Key Information
- 9.3.1.2.Overview
- 9.3.1.3.Financial (Subject to Data Availability)
- 9.3.1.4.Product Summary
- 9.3.1.5.Market Strategies
- 9.3.2.Deere & Company
- 9.3.3.ITC Limited
- 9.3.4.Trimble Inc
- 9.3.5.EM3 AgriServices Pvt Ltd
- 9.3.6.Apollo Agriculture Limited
- 9.3.7.Accenture plc
- 9.3.8.Taranis Visual Ltd
- 9.3.9.PrecisionHawk Inc
- 9.3.10.International Business Machines Corporation
Chapter 10.Research Process
- 10.1.Research Process
- 10.1.1.Data Mining
- 10.1.2.Analysis
- 10.1.3.Market Estimation
- 10.1.4.Validation
- 10.1.5.Publishing
- 10.2.Research Attributes