MarkNtel Advisors recently published a detailed industry analysis of the Farming as a Service Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.

Farming as a Service Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2028

The Farming as a Service Market is projected to grow at a CAGR of around 15.3% during the forecast period, i.e., 2023-28.

What are the major Driver the Farming as a Service industry?

Growing Need for Technologically Advanced Agricultural Practices: With the increasing rate of global warming & conditions like early or delayed rains, cyclones, heavy floods, droughts, etc., farmers are unable to predict climatic changes. As a result, their dependence on conventional agricultural practices leads them toward production losses and disruption in the supply chain. However, the utilization of data-driven farming practices using technologies like the Internet of Things & AI is said to help reduce the risk of crop failures.

Moreover, it shall also help farmers attain necessary information about their farms like soil type, nutritional value, weather conditions, optimal amount of water, pesticides, etc. Furthermore, these services entwined with the rising government support for FaaS models shall enable farmers to enhance their crop production & reduce mental pressure, which, in turn, would significantly reduce farmer suicide cases. Hence, the aspects cited above are projected to drive the Global Farming as a Service Market during 2023-28.

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What segments define the Farming as a Service market from 2023 to 2028? How do these segments contribute to market dynamics and growth?

• By Solution

• Farm Management- Market Size & Forecast 2018-2028F, USD Million
• Information Sharing- Market Size & Forecast 2018-2028F, USD Million
• Analytics- Market Size & Forecast 2018-2028F, USD Million
• Precision Farming Tools- Market Size & Forecast 2018-2028F, USD Million
• Production Assistance- Market Size & Forecast 2018-2028F, USD Million
• Equipment Rentals- Market Size & Forecast 2018-2028F, USD Million
• Labor Services- Market Size & Forecast 2018-2028F, USD Million
• Utility Services- Market Size & Forecast 2018-2028F, USD Million
• Access to Markets- Market Size & Forecast 2018-2028F, USD Million

According to report, Of them all, Precision Farming dominated the Global Farming as a Service Market with the largest share in recent years.

• By Application
• Yield Mapping and Monitoring- Market Size & Forecast 2018-2028F, USD Million
• Soil Management- Market Size & Forecast 2018-2028F, USD Million
• Crop Health Management- Market Size & Forecast 2018-2028F, USD Million
• Navigation and Positioning- Market Size & Forecast 2018-2028F, USD Million
• By Farm Produce
• Cereals- Market Size & Forecast 2018-2028F, USD Million
• Oil Crops- Market Size & Forecast 2018-2028F, USD Million
• Fiber Crops- Market Size & Forecast 2018-2028F, USD Million
• Pulses- Market Size & Forecast 2018-2028F, USD Million
• Fruits & Vegetables- Market Size & Forecast 2018-2028F, USD Million
• Others (Nuts, Roots and Tuber, etc.) - Market Size & Forecast 2018-2028F, USD Million
• By Delivery Model
• Pay-per-use- Market Size & Forecast 2018-2028F, USD Million
• Subscription- Market Size & Forecast 2018-2028F, USD Million

According to report, Of both, Subscription-based Farming-as-a-Service holds immense potential to display in the coming years.

• By End Users

• Farmers- Market Size & Forecast 2018-2028F, USD Million
• Government- Market Size & Forecast 2018-2028F, USD Million
• Corporate- Market Size & Forecast 2018-2028F, USD Million
• Financial Institutions- Market Size & Forecast 2018-2028F, USD Million
• Advisory Bodies- Market Size & Forecast 2018-2028F, USD Million

Explore the Complete Farming as a Service Market Analysis Report – https://www.marknteladvisors.com/research-library/global-farming-as-a-service-market.html

Geographical Analysis: Farming as a Service Market

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

Farming as a Service Market Share & Competitive Landscape:

The Farming as a Service Market is characterized by intense competition, with several key players driving growth through innovation, market expansion, and strategic investments. The competitive landscape provides valuable insights into the industry's leading companies, highlighting their strengths, financial performance, and market influence.

Leading Companies in the Farming as a Service Market are:

• Trimble Inc.
• Em3 Agri Services Pvt. Ltd.
• Apollo Agriculture
• John Deere
• Accenture
• SGS Société Générale de Surveillance SA
• Taranis
• PrecisionHawk
• IBM
• ITC Limited
• Ninjacart
• Mahindra and Mahindra Limited
• AGRIVI
• Hexagon Agriculture

Questions Addressed in this Study

1.What factors are driving the Farming as a Service Market growth?

2.How is the Farming as a Service Market expected to grow over the next five years?

3.What are the key insights into the current trends in the Farming as a Service Market?

4.What is the current size of the Farming as a Service Market, and how is it projected to change in the future?

6.What is the future outlook for the Farming as a Service Market in terms of technological advancements and market expansion?

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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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