The ATaaS business model enables the customers to obtain their desired agriculture technologies as services within affordable pricing models at different intervals rather than making a one-time purchase. According to the MarkNtel Advisors' research report, "Global Agriculture Technology as a Service Market Analysis, 2021," the market is likely to grow at a CAGR of 22.9% during 2021-26 due to the soaring demand for adapting agriculture technologies across various end-users. Also, consumer recognition and capital expenditure in operations are other crucial factors likely to propel the need for ATaaS in the coming years.
Key questions answered in the study
Software as a Service (SaaS) Acquired the Highest Market Share
Based on service type, the market segments into Software as a Service (SaaS) and Equipment as a Service (EaaS). Among these segments, Software as a Service (SaaS) dominated the Global ATaaS market in the previous few years and is likely to continue its dominance in the forecast period, too.
“Global Agriculture Technology as a Service Market Analysis, 2021” provides comprehensive, qualitative, and quantitative insights on the market potential, key factors impacting the market growth, hotspots, and opportunities available for Agriculture Technology as a Service provider across the globe. Moreover, the report also encompasses the key strategic imperatives for competitors' success ånd strategic factorial indexing to measure their capabilities on 16 parameters, which would help companies formulate 'Go to Market' strategies and identify the blue ocean for their offerings.
North America to Attain the Largest Market Share
North America is likely to attain the largest market share in the forecast period due to several factors like increased automation applications & control systems and the growing adoption of Smart Farming practices. Moreover, the rising demand for food and expanding farm sizes shall also propel the market growth in the forecast years.
Therefore, North America is likely to contribute to the growth of the Global Agriculture Technology as a Service Market in the forecast period, cites MarkNtel Advisors in their research report, "Global Agriculture Technology as a Service Market Analysis, 2021."
According to MarkNtel Advisors, the major leading players in the Global Agriculture Technology as a Service Market are Deere & Company, Trimble Inc., AGCO Corporation, Accenture plc, CNH Industrial N.V., Airbus S.A.S., Raven Industries, AT&T Inc., Topcon Corporation, Intertek plc, SGS S.A., Taranis, Naio Technologies, PrecisionHawk, Microsoft Corporation, and IBM Corporation, etc.