Gaining popularity of internet of things (IoT) in agriculture sector is driving the farming as a service market growth. Farmers have benefitted from the expanding usage of internet of things (IoT) technology in agriculture by receiving real-time help through loT applications. Moreover, farmers can respond to substantial changes in air efficiency, humidity, and weather thanks to the agricultural sector's extensive use of loT technology. In addition, adoption of advanced technologies in agricultural products and reduced energy consumption and cost effectiveness. Thus, these factors drives the growth of the farming as a service market size. However, need for continuous internet connection is hampering the growth of the farming as a service market. On the contrary, the increasing number of agritech start-ups will provide major lucrative opportunities for growth of the farming as a service market.
Farming as a service market is segmented on the basis of service type, delivery model, end user, and region. By service type, it is segmented into farm management solutions, production assistance and access to markets. By delivery model, it is segmented into subscription and pay-per-use. By end user, it is segmented into farmers, governments, corporate, financial institutions and advisory bodies. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The report analyzes the profiles of key players operating in the farming as a service market such as Apollo Agriculture, Deere & Company, Trimble Inc., Mahindra & Mahindra Ltd., SGS Société Générale de Surveillance SA, Accenture, Taranis, Precision Hawk, BigHaat.com and 63Ideas Infolabs Private Limited. These players have adopted various Strategies to increase their market penetration and strengthen their position in the farming as a service market share.
Key benefits for stakeholders
- The study provides an in-depth analysis of the global farming as a service market along with the current trends and future estimations to elucidate the imminent investment pockets.
- Information about key drivers, restrains, and opportunities and their impact analysis on the market size is provided in the report.
- Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
- The quantitative analysis of the global farming as a service market for the period 2021-2031 is provided to determine the market potential.
Key Market Segments
By Service Type
- Farm Management Solutions
- Production Assistance
- Access to Markets
By Delivery Model
- Subscription
- Pay-per-use
By End User
- Corporate
- Financial Institutions
- Advisory Bodies
- Farmers
- Governments
By Region
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Deere & Company
- Mahindra & Mahindra Ltd.
- Accenture
- Taranis
- Precision Hawk
- apollo agriculture
- 63Ideas Infolabs Private Limited
- Trimble Inc.
- SGS Société Générale de Surveillance SA
- BigHaat.com
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Table of Contents
CHAPTER 1: INTRODUCTION1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.3. Porter’s five forces analysis
3.3.1. Moderate bargaining power of suppliers
3.3.2. Moderate bargaining power of buyers
3.3.3. Low threat of substitutes
3.3.4. Moderate threat of new entrants
3.3.5. High intensity of rivalry
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Adoption of advanced technologies in agricultural products
3.4.1.2. The Internet of Things (IoT) is gaining popularity in agriculture
3.4.1.3. Reduced energy consumption and cost effectiveness
3.4.2. Restraints
3.4.2.1. Lack of technical awareness and high initial investments
3.4.2.2. Need for continuous internet
3.4.3. Opportunities
3.4.3.1. Increasing number of agritech start-ups
3.5. COVID-19 Impact Analysis on the market
CHAPTER 4: FARMING AS A SERVICE MARKET, BY SERVICE TYPE
4.1. Overview
4.1.1. Market size and forecast
4.2. Farm Management Solutions
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market share analysis by country
4.3. Production Assistance
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market share analysis by country
4.4. Access to Markets
4.4.1. Key market trends, growth factors and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market share analysis by country
CHAPTER 5: FARMING AS A SERVICE MARKET, BY DELIVERY MODEL
5.1. Overview
5.1.1. Market size and forecast
5.2. Subscription
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market share analysis by country
5.3. Pay-per-use
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market share analysis by country
CHAPTER 6: FARMING AS A SERVICE MARKET, BY END USER
6.1. Overview
6.1.1. Market size and forecast
6.2. Farmers
6.2.1. Key market trends, growth factors and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market share analysis by country
6.3. Governments
6.3.1. Key market trends, growth factors and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market share analysis by country
6.4. Corporate
6.4.1. Key market trends, growth factors and opportunities
6.4.2. Market size and forecast, by region
6.4.3. Market share analysis by country
6.5. Financial Institutions
6.5.1. Key market trends, growth factors and opportunities
6.5.2. Market size and forecast, by region
6.5.3. Market share analysis by country
6.6. Advisory Bodies
6.6.1. Key market trends, growth factors and opportunities
6.6.2. Market size and forecast, by region
6.6.3. Market share analysis by country
CHAPTER 7: FARMING AS A SERVICE MARKET, BY REGION
7.1. Overview
7.1.1. Market size and forecast By Region
7.2. North America
7.2.1. Key trends and opportunities
7.2.2. Market size and forecast, by Service Type
7.2.3. Market size and forecast, by Delivery Model
7.2.4. Market size and forecast, by End User
7.2.5. Market size and forecast, by country
7.2.5.1. U.S.
7.2.5.1.1. Key market trends, growth factors and opportunities
7.2.5.1.2. Market size and forecast, by Service Type
7.2.5.1.3. Market size and forecast, by Delivery Model
7.2.5.1.4. Market size and forecast, by End User
7.2.5.2. Canada
7.2.5.2.1. Key market trends, growth factors and opportunities
7.2.5.2.2. Market size and forecast, by Service Type
7.2.5.2.3. Market size and forecast, by Delivery Model
7.2.5.2.4. Market size and forecast, by End User
7.3. Europe
7.3.1. Key trends and opportunities
7.3.2. Market size and forecast, by Service Type
7.3.3. Market size and forecast, by Delivery Model
7.3.4. Market size and forecast, by End User
7.3.5. Market size and forecast, by country
7.3.5.1. UK
7.3.5.1.1. Key market trends, growth factors and opportunities
7.3.5.1.2. Market size and forecast, by Service Type
7.3.5.1.3. Market size and forecast, by Delivery Model
7.3.5.1.4. Market size and forecast, by End User
7.3.5.2. Germany
7.3.5.2.1. Key market trends, growth factors and opportunities
7.3.5.2.2. Market size and forecast, by Service Type
7.3.5.2.3. Market size and forecast, by Delivery Model
7.3.5.2.4. Market size and forecast, by End User
7.3.5.3. France
7.3.5.3.1. Key market trends, growth factors and opportunities
7.3.5.3.2. Market size and forecast, by Service Type
7.3.5.3.3. Market size and forecast, by Delivery Model
7.3.5.3.4. Market size and forecast, by End User
7.3.5.4. Italy
7.3.5.4.1. Key market trends, growth factors and opportunities
7.3.5.4.2. Market size and forecast, by Service Type
7.3.5.4.3. Market size and forecast, by Delivery Model
7.3.5.4.4. Market size and forecast, by End User
7.3.5.5. Spain
7.3.5.5.1. Key market trends, growth factors and opportunities
7.3.5.5.2. Market size and forecast, by Service Type
7.3.5.5.3. Market size and forecast, by Delivery Model
7.3.5.5.4. Market size and forecast, by End User
7.3.5.6. Rest of Europe
7.3.5.6.1. Key market trends, growth factors and opportunities
7.3.5.6.2. Market size and forecast, by Service Type
7.3.5.6.3. Market size and forecast, by Delivery Model
7.3.5.6.4. Market size and forecast, by End User
7.4. Asia-Pacific
7.4.1. Key trends and opportunities
7.4.2. Market size and forecast, by Service Type
7.4.3. Market size and forecast, by Delivery Model
7.4.4. Market size and forecast, by End User
7.4.5. Market size and forecast, by country
7.4.5.1. China
7.4.5.1.1. Key market trends, growth factors and opportunities
7.4.5.1.2. Market size and forecast, by Service Type
7.4.5.1.3. Market size and forecast, by Delivery Model
7.4.5.1.4. Market size and forecast, by End User
7.4.5.2. Japan
7.4.5.2.1. Key market trends, growth factors and opportunities
7.4.5.2.2. Market size and forecast, by Service Type
7.4.5.2.3. Market size and forecast, by Delivery Model
7.4.5.2.4. Market size and forecast, by End User
7.4.5.3. India
7.4.5.3.1. Key market trends, growth factors and opportunities
7.4.5.3.2. Market size and forecast, by Service Type
7.4.5.3.3. Market size and forecast, by Delivery Model
7.4.5.3.4. Market size and forecast, by End User
7.4.5.4. South Korea
7.4.5.4.1. Key market trends, growth factors and opportunities
7.4.5.4.2. Market size and forecast, by Service Type
7.4.5.4.3. Market size and forecast, by Delivery Model
7.4.5.4.4. Market size and forecast, by End User
7.4.5.5. Australia
7.4.5.5.1. Key market trends, growth factors and opportunities
7.4.5.5.2. Market size and forecast, by Service Type
7.4.5.5.3. Market size and forecast, by Delivery Model
7.4.5.5.4. Market size and forecast, by End User
7.4.5.6. Rest of Asia-Pacific
7.4.5.6.1. Key market trends, growth factors and opportunities
7.4.5.6.2. Market size and forecast, by Service Type
7.4.5.6.3. Market size and forecast, by Delivery Model
7.4.5.6.4. Market size and forecast, by End User
7.5. LAMEA
7.5.1. Key trends and opportunities
7.5.2. Market size and forecast, by Service Type
7.5.3. Market size and forecast, by Delivery Model
7.5.4. Market size and forecast, by End User
7.5.5. Market size and forecast, by country
7.5.5.1. Latin America
7.5.5.1.1. Key market trends, growth factors and opportunities
7.5.5.1.2. Market size and forecast, by Service Type
7.5.5.1.3. Market size and forecast, by Delivery Model
7.5.5.1.4. Market size and forecast, by End User
7.5.5.2. Middle East
7.5.5.2.1. Key market trends, growth factors and opportunities
7.5.5.2.2. Market size and forecast, by Service Type
7.5.5.2.3. Market size and forecast, by Delivery Model
7.5.5.2.4. Market size and forecast, by End User
7.5.5.3. Africa
7.5.5.3.1. Key market trends, growth factors and opportunities
7.5.5.3.2. Market size and forecast, by Service Type
7.5.5.3.3. Market size and forecast, by Delivery Model
7.5.5.3.4. Market size and forecast, by End User
CHAPTER 8: COMPETITIVE LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Top player positioning, 2021
CHAPTER 9: COMPANY PROFILES
9.1. Accenture
9.1.1. Company overview
9.1.2. Key Executives
9.1.3. Company snapshot
9.1.4. Operating business segments
9.1.5. Product portfolio
9.1.6. Business performance
9.1.7. Key strategic moves and developments
9.2. apollo agriculture
9.2.1. Company overview
9.2.2. Key Executives
9.2.3. Company snapshot
9.2.4. Operating business segments
9.2.5. Product portfolio
9.3. Deere & Company
9.3.1. Company overview
9.3.2. Key Executives
9.3.3. Company snapshot
9.3.4. Operating business segments
9.3.5. Product portfolio
9.3.6. Business performance
9.3.7. Key strategic moves and developments
9.4. Trimble Inc.
9.4.1. Company overview
9.4.2. Key Executives
9.4.3. Company snapshot
9.4.4. Operating business segments
9.4.5. Product portfolio
9.4.6. Business performance
9.4.7. Key strategic moves and developments
9.5. Mahindra & Mahindra Ltd.
9.5.1. Company overview
9.5.2. Key Executives
9.5.3. Company snapshot
9.5.4. Operating business segments
9.5.5. Product portfolio
9.5.6. Business performance
9.6. SGS Société Générale de Surveillance SA
9.6.1. Company overview
9.6.2. Key Executives
9.6.3. Company snapshot
9.6.4. Operating business segments
9.6.5. Product portfolio
9.6.6. Business performance
9.7. Taranis
9.7.1. Company overview
9.7.2. Key Executives
9.7.3. Company snapshot
9.7.4. Operating business segments
9.7.5. Product portfolio
9.7.6. Key strategic moves and developments
9.8. Precision Hawk
9.8.1. Company overview
9.8.2. Key Executives
9.8.3. Company snapshot
9.8.4. Operating business segments
9.8.5. Product portfolio
9.8.6. Key strategic moves and developments
9.9. BigHaat.com
9.9.1. Company overview
9.9.2. Key Executives
9.9.3. Company snapshot
9.9.4. Operating business segments
9.9.5. Product portfolio
9.10. 63Ideas Infolabs Private Limited
9.10.1. Company overview
9.10.2. Key Executives
9.10.3. Company snapshot
9.10.4. Operating business segments
9.10.5. Product portfolio
List of Tables
Table 01. Global Farming as a Service Market, by Service Type, 2021-2031 (Revenue, $Million)
Table 02. Farming as a Service Market for Farm Management Solutions, by Region, 2021-2031 (Revenue, $Million)
Table 03. Farming as a Service Market for Production Assistance, by Region, 2021-2031 (Revenue, $Million)
Table 04. Farming as a Service Market for Access to Markets, by Region, 2021-2031 (Revenue, $Million)
Table 05. Global Farming as a Service Market, by Delivery Model, 2021-2031 (Revenue, $Million)
Table 06. Farming as a Service Market for Subscription, by Region, 2021-2031 (Revenue, $Million)
Table 07. Farming as a Service Market for Pay-Per-Use, by Region, 2021-2031 (Revenue, $Million)
Table 08. Global Farming as a Service Market, by End-user, 2021-2031 (Revenue, $Million)
Table 09. Farming as a Service Market for Farmers, by Region, 2021-2031 (Revenue, $Million)
Table 10. Farming as a Service Market for Governments, by Region, 2021-2031 (Revenue, $Million)
Table 11. Farming as a Service Market for Corporate, by Region, 2021-2031 (Revenue, $Million)
Table 12. Farming as a Service Market for Financial Institutions, by Region, 2021-2031 (Revenue, $Million)
Table 13. Farming as a Service Market for Advisory Bodies, by Region, 2021-2031 (Revenue, $Million)
Table 14. Farming as a Service Market, by Region, 2021-2031 (Revenue, $Million)
Table 15. North America Farming as a Service Market, by Service Type, 2021-2031 (Revenue, $Million)
Table 16. North America Farming as a Service Market, by Delivery Model, 2021-2031 (Revenue, $Million)
Table 17. North America Farming as a Service Market, by End-user, 2021-2031 (Revenue, $Million)
Table 18. North America Farming as a Service Market, by Country, 2021-2031 (Revenue, $Million)
Table 19. U.S. Farming as a Service Market, by Service Type, 2021-2031 (Revenue, $Million)
Table 20. U.S. Farming as a Service Market, by Delivery Model, 2021-2031 (Revenue, $Million)
Table 21. U.S. Farming as a Service Market, by End-user, 2021-2031 (Revenue, $Million)
Table 22. Canada Farming as a Service Market, by Service Type, 2021-2031 (Revenue, $Million)
Table 23. Canada Farming as a Service Market, by Delivery Model, 2021-2031 (Revenue, $Million)
Table 24. Canada Farming as a Service Market, by End-user, 2021-2031 (Revenue, $Million)
Table 25. Europe Farming as a Service Market, by Service Type, 2021-2031 (Revenue, $Million)
Table 26. Europe Farming as a Service Market, by Delivery Model, 2021-2031 (Revenue, $Million)
Table 27. Europe Farming as a Service Market, by End-user, 2021-2031 (Revenue, $Million)
Table 28. Europe Farming as a Service Market, by Country, 2021-2031 (Revenue, $Million)
Table 29. UK Farming as a Service Market, by Service Type, 2021-2031 (Revenue, $Million)
Table 30. UK Farming as a Service Market, by Delivery Model, 2021-2031 (Revenue, $Million)
Table 31. UK Farming as a Service Market, by End-user, 2021-2031 (Revenue, $Million)
Table 32. Germany Farming as a Service Market, by Service Type, 2021-2031 (Revenue, $Million)
Table 33. Germany Farming as a Service Market, by Delivery Model, 2021-2031 (Revenue, $Million)
Table 34. Germany Farming as a Service Market, by End-user, 2021-2031 (Revenue, $Million)
Table 35. France Farming as a Service Market, by Service Type, 2021-2031 (Revenue, $Million)
Table 36. France Farming as a Service Market, by Delivery Model, 2021-2031 (Revenue, $Million)
Table 37. France Farming as a Service Market, by End-user, 2021-2031 (Revenue, $Million)
Table 38. Italy Farming as a Service Market, by Service Type, 2021-2031 (Revenue, $Million)
Table 39. Italy Farming as a Service Market, by Delivery Model, 2021-2031 (Revenue, $Million)
Table 40. Italy Farming as a Service Market, by End-user, 2021-2031 (Revenue, $Million)
Table 41. Spain Farming as a Service Market, by Service Type, 2021-2031 (Revenue, $Million)
Table 42. Spain Farming as a Service Market, by Delivery Model, 2021-2031 (Revenue, $Million)
Table 43. Spain Farming as a Service Market, by End-user, 2021-2031 (Revenue, $Million)
Table 44. Rest of Europe Farming as a Service Market, by Service Type, 2021-2031 (Revenue, $Million)
Table 45. Rest of Europe Farming as a Service Market, by Delivery Model, 2021-2031 (Revenue, $Million)
Table 46. Rest of Europe Farming as a Service Market, by End-user, 2021-2031 (Revenue, $Million)
Table 47. Asia-Pacific Farming as a Service Market, by Service Type, 2021-2031 (Revenue, $Million)
Table 48. Asia-Pacific Farming as a Service Market, by Delivery Model, 2021-2031 (Revenue, $Million)
Table 49. Asia-Pacific Farming as a Service Market, by End-user, 2021-2031 (Revenue, $Million)
Table 50. Asia-Pacific Farming as a Service Market, by Country, 2021-2031 (Revenue, $Million)
Table 51. China Farming as a Service Market, by Service Type, 2021-2031 (Revenue, $Million)
Table 52. China Farming as a Service Market, by Delivery Model, 2021-2031 (Revenue, $Million)
Table 53. China Farming as a Service Market, by End-user, 2021-2031 (Revenue, $Million)
Table 54. Japan Farming as a Service Market, by Service Type, 2021-2031 (Revenue, $Million)
Table 55. Japan Farming as a Service Market, by Delivery Model, 2021-2031 (Revenue, $Million)
Table 56. Japan Farming as a Service Market, by End-user, 2021-2031 (Revenue, $Million)
Table 57. India Farming as a Service Market, by Service Type, 2021-2031 (Revenue, $Million)
Table 58. India Farming as a Service Market, by Delivery Model, 2021-2031 (Revenue, $Million)
Table 59. India Farming as a Service Market, by End-user, 2021-2031 (Revenue, $Million)
Table 60. South Korea Farming as a Service Market, by Service Type, 2021-2031 (Revenue, $Million)
Table 61. South Korea Farming as a Service Market, by Delivery Model, 2021-2031 (Revenue, $Million)
Table 62. South Korea Farming as a Service Market, by End-user, 2021-2031 (Revenue, $Million)
Table 63. Australia Farming as a Service Market, by Service Type, 2021-2031 (Revenue, $Million)
Table 64. Australia Farming as a Service Market, by Delivery Model, 2021-2031 (Revenue, $Million)
Table 65. Australia Farming as a Service Market, by End-user, 2021-2031 (Revenue, $Million)
Table 66. Rest of Asia-Pacific Farming as a Service Market, by Service Type, 2021-2031 (Revenue, $Million)
Table 67. Rest of Asia-Pacific Farming as a Service Market, by Delivery Model, 2021-2031 (Revenue, $Million)
Table 68. Rest of Asia-Pacific Farming as a Service Market, by End-user, 2021-2031 (Revenue, $Million)
Table 69. LAMEA Farming as a Service Market, by Service Type, 2021-2031 (Revenue, $Million)
Table 70. LAMEA Farming as a Service Market, by Delivery Model, 2021-2031 (Revenue, $Million)
Table 71. LAMEA Farming as a Service Market, by End-user, 2021-2031 (Revenue, $Million)
Table 72. LAMEA Farming as a Service Market, by Country, 2021-2031 (Revenue, $Million)
Table 73. Latin America Farming as a Service Market, by Service Type, 2021-2031 (Revenue, $Million)
Table 74. Latin America Farming as a Service Market, by Delivery Model, 2021-2031 (Revenue, $Million)
Table 75. Latin America Farming as a Service Market, by End-user, 2021-2031 (Revenue, $Million)
Table 76. Middle East Farming as a Service Market, by Service Type, 2021-2031 (Revenue, $Million)
Table 77. Middle East Farming as a Service Market, by Delivery Model, 2021-2031 (Revenue, $Million)
Table 78. Middle East Farming as a Service Market, by End-user, 2021-2031 (Revenue, $Million)
Table 79. Africa Farming as a Service Market, by Service Type, 2021-2031 (Revenue, $Million)
Table 80. Africa Farming as a Service Market, by Delivery Model, 2021-2031 (Revenue, $Million)
Table 81. Africa Farming as a Service Market, by End-user, 2021-2031 (Revenue, $Million)
Table 82. Accenture: Key Executives
Table 83. Accenture: Company Snapshot
Table 84. Accenture: Service Segments
Table 85. Accenture: Product Portfolio
Table 86. Accenture: Key Strategies
Table 87. Apollo Agriculture: Key Executives
Table 88. Apollo Agriculture: Company Snapshot
Table 89. Apollo Agriculture: Product Segments
Table 90. Apollo Agriculture: Product Portfolio
Table 91. Deere & Company: Key Executives
Table 92. Deere & Company: Company Snapshot
Table 93. Deere & Company: Product Segments
Table 94. Deere & Company: Service Segments
Table 95. Deere & Company: Product Portfolio
Table 96. Deere & Company: Key Strategies
Table 97. Trimble Inc.: Key Executives
Table 98. Trimble Inc.: Company Snapshot
Table 99. Trimble Inc.: Service Segments
Table 100. Trimble Inc.: Product Portfolio
Table 101. Trimble Inc.: Key Strategies
Table 102. Mahindra & Mahindra Ltd.: Key Executives
Table 103. Mahindra & Mahindra Ltd.: Company Snapshot
Table 104. Mahindra & Mahindra Ltd.: Service Segments
Table 105. Mahindra & Mahindra Ltd.: Product Portfolio
Table 106. Sgs Société Générale De Surveillance SA: Key Executives
Table 107. Sgs Société Générale De Surveillance SA: Company Snapshot
Table 108. Sgs Société Générale De Surveillance SA: Service Segments
Table 109. Sgs Société Générale De Surveillance SA: Product Portfolio
Table 110. Taranis: Key Executives
Table 111. Taranis: Company Snapshot
Table 112. Taranis: Service Segments
Table 113. Taranis: Product Portfolio
Table 114. Taranis: Key Strategies
Table 115. Precision Hawk: Key Executives
Table 116. Precision Hawk: Company Snapshot
Table 117. Precision Hawk: Service Segments
Table 118. Precision Hawk: Product Portfolio
Table 119. Precision Hawk: Key Strategies
Table 120. Bighaat.Com: Key Executives
Table 121. Bighaat.Com: Company Snapshot
Table 122. Bighaat.Com: Service Segments
Table 123. Bighaat.Com: Product Portfolio
Table 124. 63Ideas Infolabs Private Limited: Key Executives
Table 125. 63Ideas Infolabs Private Limited: Company Snapshot
Table 126. 63Ideas Infolabs Private Limited: Service Segments
Table 127. 63Ideas Infolabs Private Limited: Product Portfolio
List of Figures
Figure 01. Farming as a Service Market, 2021-2031
Figure 02. Segmentation of Farming as a Service Market, 2021-2031
Figure 03. Top Investment Pockets in Farming as a Service Market (2022-2031)
Figure 04. Moderate Bargaining Power of Suppliers
Figure 05. Moderate Bargaining Power of Buyers
Figure 06. Low Threat of Substitutes
Figure 07. Moderate Threat of New Entrants
Figure 08. High Intensity of Rivalry
Figure 09. Drivers, Restraints and Opportunities: Globalfarming as a Service Market
Figure 10. Farming as a Service Market, by Service Type, 2021(%)
Figure 11. Comparative Share Analysis of Farming as a Service Market for Farm Management Solutions, by Country 2021-2031(%)
Figure 12. Comparative Share Analysis of Farming as a Service Market for Production Assistance, by Country 2021-2031(%)
Figure 13. Comparative Share Analysis of Farming as a Service Market for Access to Markets, by Country 2021-2031(%)
Figure 14. Farming as a Service Market, by Delivery Model, 2021(%)
Figure 15. Comparative Share Analysis of Farming as a Service Market for Subscription, by Country 2021-2031(%)
Figure 16. Comparative Share Analysis of Farming as a Service Market for Pay-Per-Use, by Country 2021-2031(%)
Figure 17. Farming as a Service Market, by End-user, 2021(%)
Figure 18. Comparative Share Analysis of Farming as a Service Market for Farmers, by Country 2021-2031(%)
Figure 19. Comparative Share Analysis of Farming as a Service Market for Governments, by Country 2021-2031(%)
Figure 20. Comparative Share Analysis of Farming as a Service Market for Corporate, by Country 2021-2031(%)
Figure 21. Comparative Share Analysis of Farming as a Service Market for Financial Institutions, by Country 2021-2031(%)
Figure 22. Comparative Share Analysis of Farming as a Service Market for Advisory Bodies, by Country 2021-2031(%)
Figure 23. Farming as a Service Market by Region, 2021
Figure 24. U.S. Farming as a Service Market, 2021-2031 ($Million)
Figure 25. Canada Farming as a Service Market, 2021-2031 ($Million)
Figure 26. UK Farming as a Service Market, 2021-2031 ($Million)
Figure 27. Germany Farming as a Service Market, 2021-2031 ($Million)
Figure 28. France Farming as a Service Market, 2021-2031 ($Million)
Figure 29. Italy Farming as a Service Market, 2021-2031 ($Million)
Figure 30. Spain Farming as a Service Market, 2021-2031 ($Million)
Figure 31. Rest of Europe Farming as a Service Market, 2021-2031 ($Million)
Figure 32. China Farming as a Service Market, 2021-2031 ($Million)
Figure 33. Japan Farming as a Service Market, 2021-2031 ($Million)
Figure 34. India Farming as a Service Market, 2021-2031 ($Million)
Figure 35. South Korea Farming as a Service Market, 2021-2031 ($Million)
Figure 36. Australia Farming as a Service Market, 2021-2031 ($Million)
Figure 37. Rest of Asia-Pacific Farming as a Service Market, 2021-2031 ($Million)
Figure 38. Latin America Farming as a Service Market, 2021-2031 ($Million)
Figure 39. Middle East Farming as a Service Market, 2021-2031 ($Million)
Figure 40. Africa Farming as a Service Market, 2021-2031 ($Million)
Figure 41. Top Winning Strategies, by Year
Figure 42. Top Winning Strategies, by Development
Figure 43. Top Winning Strategies, by Company
Figure 44. Product Mapping of Top 10 Players
Figure 45. Competitive Dashboard
Figure 46. Competitive Heatmap: Farming as a Service Market
Figure 47. Top Player Positioning, 2021
Figure 48. Accenture: Net Revenue, 2019-2021 ($Million)
Figure 49. Accenture: Revenue Share by Region, 2021 (%)
Figure 50. Accenture: Revenue Share by Segment, 2021 (%)
Figure 51. Deere & Company: Research & Development Expenditure, 2019-2021
Figure 52. Deere & Company: Net Sales, 2019-2021 ($Million)
Figure 53. Deere & Company: Revenue Share by Segment, 2021 (%)
Figure 54. Deere & Company: Revenue Share by Region, 2021 (%)
Figure 55. Trimble Inc.: Net Revenue, 2019-2021 ($Million)
Figure 56. Trimble Inc.: Revenue Share by Segment, 2021 (%)
Figure 57. Mahindra & Mahindra Ltd.: Gross Profit, 2019-2021 ($Million)
Figure 58. Sgs Société Générale De Surveillance SA: Net Revenue, 2019-2021 ($Million)
Figure 59. Sgs Société Générale De Surveillance SA: Revenue Share by Region, 2021 (%)
Executive Summary
According to the report titled, 'Farming as a Service Market,' the farming as a service market was valued at $2.9 billion in 2021, and is estimated to reach $12.8 billion by 2031, growing at a CAGR of 16.1% from 2022 to 2031.The Farming as a Service Market is likely to experience a significant growth rate of 16.1% from 2022-2031 owing to increasing market demand from the farmers and a rise in demand for technological advancements in agricultural sector.
FaaS is an acronym for Farming-as-a-Service, which refers to agricultural services provided on a pay-per-use or subscription-based model. FaaS provides innovative, professional-grade solutions for agriculture and allied services via a subscription or pay-per-use model. These farm management solutions which allow stakeholders to make data-driven decisions to boost productivity and efficiency.
The FaaS models bring all the parties, i.e., the farmers, the farm equipment manufacturers, the cooperative, and the government, onto a single platform. While some agritech players provide equipment-oriented services at affordable prices, e.g., land preparation, crop harvesting, and management, Agribolo’s innovative serviced models such as farm-to-fork link the farmers with marketplaces, including banks and financial institutions offering lower interest rates.
Adopting advanced technologies in agricultural products, the popularity of Internet of Things (IoT) in agriculture and reducing energy consumption and cost-effectiveness are the major growth factors for the market. However, lack of technical awareness and high initial investments and need for continuous internet are the major factors hampering the growth of the market. On the contrary, increase in number of agritech start-ups will provide lucrative opportunities for the growth of the market in the upcoming years.
Furthermore, market players are adopting acquisition Strategies for enhancing their services in the market and improving customer satisfaction. For instance, on August 2021, Deere & Company acquired Bear Flag Robotics to accelerate autonomous technology on the farm. This deal accelerates the development and delivery of automation and autonomy on the farm and supports John Deere's long-term strategy to create smarter machines with advanced technology to support individual customer needs.
The COVID-19 pandemic has negatively impacted many industries. The blockade and restrictions imposed on the movement of goods and people have also affected operations in the agricultural sector. However, movement of agricultural materials and products was allowed, as agricultural products are essential goods. Agricultural logistics returned to normal by the end of 2020, despite minor setbacks in the first months of the quarantine. For instance, precision agricultural tools and analysis became more important in the aftermath of the pandemic because they enabled remote monitoring of several parameters such as yield monitoring, pest prevention, and irrigation. So, COVID-19 had positive impact on farming as a service market.
The farming as a service market is segmented on the basis of service type, delivery model, end user and region. By service type, it is segmented into farm management solutions, production assistance and access to markets. By delivery model, it is segmented into subscription and pay-per-use. By end user, it is segmented into farmers, governments, corporate, financial institutions, and advisory bodies. Region wise, it is analyzed across North America (the U.S., and Canada), Europe (the UK, Germany, France, Italy, Spain, and rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea and rest of Asia-Pacific), and LAMEA (Latin America, Middle East and Africa).
The key players profiled in the study include Apollo Agriculture, Deere & Company, Trimble Inc., Mahindra & Mahindra Ltd., SGS Société Générale de Surveillance SA, Accenture, Taranis, Precision Hawk, BigHaat.com and 63Ideas Infolabs Private Limited. The players in the market have been actively engaged in the adoption various Strategies such as acquisition, product launch and partnership to remain competitive and gain advantage over the competitors in the market. For instance, in September 2022, Ninjacart, an Indian AgriTech startup backed by Walmart and Tiger Global, has expanded into the United Arab Emirates and Gulf Corporation Council (GCC) countries by launching the Ninja Global platform for agricultural import-export businesses. The platform's goal is to strengthen the import-export market for agricultural commodities between the UAE and India.
Key Market Insights
By service type, the farm management solutions segment was the highest revenue contributor to the market, and is estimated to reach $ 4688.46 million by 2031, with a CAGR of 13.7%. However, the access to markets segment is estimated to be the fastest growing segment with the CAGR of 18.8% during the forecast period.By delivery model, the subscription segment was the highest revenue contributor to the market, and is estimated to reach $ 6357.34 million by 2031, with a CAGR of 14.5%.
By end user, the farmers segment was the highest revenue contributor to the market, and is estimated to reach $ 4599.4 million by 2031, with a CAGR of 17.4%. However, the advisory bodies segment is expected to be the fastest growing segment during the Farming as a service market forecast.
Based on region, North America was the highest revenue contributor, accounting for $ 1005.34 million in 2021, and is estimated to reach $ 3439.49 million by 2031, with a CAGR of 13.3%.
Companies Mentioned
- Deere & Company
- Mahindra & Mahindra Ltd.
- Accenture
- Taranis
- Precision Hawk
- apollo agriculture
- 63Ideas Infolabs Private Limited
- Trimble Inc.
- SGS Société Générale de Surveillance SA
- BigHaat.com
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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