What is Agriculture Technology as a Service Market Scope?
Agriculture is in the early stages of yet another revolution, with data and connection at the center. Artificial intelligence (AI), analytics, linked sensors, and other developing technologies have the potential to raise yields, improve water and another input efficiency, and build sustainability and resilience in agricultural production and animal husbandry. Agriculture is one of the oldest and most thriving crafts. Agriculture technology evolves continually over generations, reflecting human progress.
The Agriculture Technology as a Service market study is being classified by Type (Software as a Services and Equipment as a Services) and major geographies with country level break-up.
The companies are exploring the market in new regions by adopting mergers & acquisitions, expansions, investments, new solution launches, and collaborations as their strategies. Key players are exploring new areas through expansions and acquisitions across the world to avail a competitive advantage through combined synergies Analysts at AMA predicts that Vendors from United States will contribute to the maximum growth of Global Agriculture Technology as a Service market throughout the predicted period.
Accenture (Ireland), Fujitsu (Japan), IBM (United States), Kubota (Japan), CLAAS (Germany), Sygenta (Switzerland), AGCO (United States), Taranis (United States), Ceres Imaging (United States) and PrecisionHawk (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Hexagon (Sweden) and Small Robot Company (United Kingdom).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Agriculture Technology as a Service market by Type, Application and Region.
On the basis of geography, the market of Agriculture Technology as a Service has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
In May 2021, ACGO had announced a partnership with Bosch, BASF Digital Farming, and Raven Industries Inc. The primary objective of this collaboration is to evaluate targeted spraying technology in order to make crop protection product application more effective and efficient by lowering crop input costs while driving farm and environmental sustainability.
Influencing Market Trend
- High Adoption of Technical Awareness Among Farmers
- The Advent of Blockchain Technology in Agriculture
Market Drivers
- The rise in Adoption of Precision Farming
- Increased Demand for Sustainable Farming
Opportunities
- Increasing Investments for Agriculture Technology
Restraints
- High Cost Associated with Agriculture Technology as a Service
Challenges
- Price Inflation of Agricultural Produce
- Lack of Technical Awareness Among Farmers
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Agriculture Technology as a Service Providers, Government Regulatory and Research Organizations and End-Use Industries
Customization available in this Study:
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To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also include significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets , To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.