Inquire Before Buying - Farming-as-a-Service (FaaS) Market Size, Growth & Trends

Global Farming as a Service Market Research Report: Forecast (2023-2028)

By Solution (Farm Management (Information Sharing, Analytics, Precision Farming Tools), Production Assistance (Equipment Rentals, Labor Services, Utility Services), Access to Marke......ts), By Delivery Model (Pay-Per-Use, Subscription), By End-User (Farmer, Government, Corporates, Financial Institution, Advisory Bodies), By Region (North America, South America, Europe, Asia- Pacific, Middle East & Africa), By Company (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, Other) Read more

ICT & Electronics
Jun 2023
Pages 176
Report Format: PDF, Excel, PPT

Introduction

Farming as a Service (FaaS) is a business model that allows farmers to procure a service on a pay-per-use or subscription basis offering advanced, professional, & user-friendly solutions in agriculture. While some solutions are upgrades in the existing farming ecosystem, others include technologically-driven innovations. With an escalating need to suffice the food requirements of the rapidly growing population worldwide, FaaS solutions are introducing efficiency to farmers & swiftly gaining momentum globally.

Furthermore, FaaS provides farmers with easy accessibility in crop production, on-time availability of labor, equipment rental for the desired time, and utility services like irrigation facilities & power supply, among others. Moreover, the facility of employing preferred service allows farmers to access upgraded equipment which helps them enhance productivity.

Besides, since these solutions are integrated with technologies like Artificial Intelligence (AI), remote sensing, & data analytics, the gathered information empowers the farmers to make better & informed decisions and strategies beforehand. It, in turn, also prevents the over-exploitation of resources and enables better crop yield.

Market Insights

The Global Farming as a Service (FaaS) Market is projected to grow at a CAGR of around 15.3% during the forecast period, i.e., 2023-28. The growth of the market attributes primarily to the growing adoption of technologically advanced solutions in agricultural practices to enhance farm productivity & prevent wastage of various resources, such as labor, capital, seeds, fertilizers, water, electricity, etc.

Report Coverage	Details
Study Period	Historical Data: 2018-21
	Base Year: 2022
	Forecast Period: 2023-28
CAGR (2023-2028)	15.3%
Regions Covered	North America: US, Canada, Mexico
	Europe: Germany, The UK, France, Spain, Italy, Rest of Europe
	Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific
	South America: Brazil, Argentina, Rest of South America
	Middle East & Africa: UAE, Saudi Arabia, South Africa, Egypt, Rest of MEA
Key Companies Profiled	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, Other
Unit Denominations	USD Million/Billion

Moreover, the utilization of FaaS projects enables farmers to convert capital expenditure into operational expenditure. As a result, several large & small producers are making better use of these services & state-of-the-art machinery to boost farm productivity, which, in turn, is driving the global market.

Furthermore, an increasing number of investments & initiatives by governments of different countries worldwide to bring improved technologies in agriculture for aiding farming activities and creating better infrastructure with upgraded facilities are other crucial aspects anticipated to generate profitable opportunities for the leading players & contribute to the overall market growth during the forecast period.

Key Trend in the Global Farming as a Service (FaaS) Market

Emerging Ag-Tech Start-ups

The collaboration of technology with the agricultural sector emerging the market demand for farming as a service. To increase awareness regarding farming services, solutions, and technology among small-scale and mid-sized farm businesses, various start-ups around the world has established. The start-ups provide farming services based on a pay-per-use model that provides an economical option for farmers and reduces high investment risk. Also, these start-ups support farmers by providing technology and analytical support to low-income farmers on a loan basis that would boost their output yield.

For Instance,

Infarm-urban farming startup founded in 2013 that combines vertical farms with IoT technologies and machine learning
Microsoft India has launched the Agritech startup program that provides solutions and provides a series of benefits from technical support to income generation support to the farmers.
Earth Sense agricultural intelligence had created the robot- TerraSentia that collects accuracy, speed, and cost data of in-field plants that have under-canopy traits that other technologies unable to measure.

Market Segmentation
Introduction
1. Product Definition
2. Research Process
3. Assumptions
Executive Summary
Global Farming as a Service Industry Overview
Global Farming as a Service Market Start-up Ecosystem
1. Entrepreneurial Activity
2. Year-on-Year Funding Received
3. Funding Received by Top Companies
4. Key Investors Active in the Market
5. Series Wise Funding Received
  1. Seed Funding
  2. Angel Investing
  3. Venture Capitalist (VC) Funding
  4. Others
Global Farming as a Service Market Trends & Developments
Global Farming as a Service Market Dynamics
1. Growth Drivers
2. Challenges
Global Farming as a Service Market Hotspot & Opportunities
Global Farming as a Service Market Regulations, Policies & Standards
Global Farming as a Service Market Outlook (2018-2028F)
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Solution
    1. Farm Management- Market Size & Forecast 2018-2028F, USD Million
      1. Information Sharing- Market Size & Forecast 2018-2028F, USD Million
      2. Analytics- Market Size & Forecast 2018-2028F, USD Million
      3. Precision Farming Tools- Market Size & Forecast 2018-2028F, USD Million
    2. Production Assistance- Market Size & Forecast 2018-2028F, USD Million
      1. Equipment Rentals- Market Size & Forecast 2018-2028F, USD Million
      2. Labor Services- Market Size & Forecast 2018-2028F, USD Million
      3. Utility Services- Market Size & Forecast 2018-2028F, USD Million
    3. Access to Markets- Market Size & Forecast 2018-2028F, USD Million
  2. By Application
    1. Yield Mapping and Monitoring- Market Size & Forecast 2018-2028F, USD Million
    2. Soil Management- Market Size & Forecast 2018-2028F, USD Million
    3. Crop Health Management- Market Size & Forecast 2018-2028F, USD Million
    4. Navigation and Positioning- Market Size & Forecast 2018-2028F, USD Million
  3. By Farm Produce
    1. Cereals- Market Size & Forecast 2018-2028F, USD Million
    2. Oil Crops- Market Size & Forecast 2018-2028F, USD Million
    3. Fiber Crops- Market Size & Forecast 2018-2028F, USD Million
    4. Pulses- Market Size & Forecast 2018-2028F, USD Million
    5. Fruits & Vegetables- Market Size & Forecast 2018-2028F, USD Million
    6. Others (Nuts, Roots and Tuber, etc.) - Market Size & Forecast 2018-2028F, USD Million
  4. By Delivery Model
    1. Pay-per-use- Market Size & Forecast 2018-2028F, USD Million
    2. Subscription- Market Size & Forecast 2018-2028F, USD Million
  5. By End Users
    1. Farmers- Market Size & Forecast 2018-2028F, USD Million
    2. Government- Market Size & Forecast 2018-2028F, USD Million
    3. Corporate- Market Size & Forecast 2018-2028F, USD Million
    4. Financial Institutions- Market Size & Forecast 2018-2028F, USD Million
    5. Advisory Bodies- Market Size & Forecast 2018-2028F, USD Million
  6. By Region
    1. North America
    2. South America
    3. Middle East & Africa
    4. Europe
    5. Asia-Pacific
  7. By Company
    1. Competition Characteristics
    2. Market Share of Leading Companies
North America Farming as a Service Market Analysis, 2018-2028F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Solution- Market Size & Forecast 2018-2028F, USD Million
  2. By Application- Market Size & Forecast 2018-2028F, USD Million
  3. By Farm Produce- Market Size & Forecast 2018-2028F, USD Million
  4. By Delivery Model- Market Size & Forecast 2018-2028F, USD Million
  5. By End Users- Market Size & Forecast 2018-2028F, USD Million
  6. By Country
    1. The US
    2. Canada
    3. Mexico
3. The US Farming as a Service Market Outlook (2018-2028F)
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Solution- Market Size & Forecast 2018-2028F, USD Million
    2. By Delivery Model- Market Size & Forecast 2018-2028F, USD Million
    3. By End Users- Market Size & Forecast 2018-2028F, USD Million
4. Canada Farming as a Service Market Outlook (2018-2028F)
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Solution- Market Size & Forecast 2018-2028F, USD Million
    2. By Delivery Model- Market Size & Forecast 2018-2028F, USD Million
    3. By End Users- Market Size & Forecast 2018-2028F, USD Million
5. Mexico Farming as a Service Market Outlook (2018-2028F)
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Solution- Market Size & Forecast 2018-2028F, USD Million
    2. By Delivery Model- Market Size & Forecast 2018-2028F, USD Million
    3. By End Users- Market Size & Forecast 2018-2028F, USD Million
South America Farming as a Service Market Analysis, 2018-2028F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Solution- Market Size & Forecast 2018-2028F, USD Million
  2. By Application- Market Size & Forecast 2018-2028F, USD Million
  3. By Farm Produce- Market Size & Forecast 2018-2028F, USD Million
  4. By Delivery Model- Market Size & Forecast 2018-2028F, USD Million
  5. By End Users- Market Size & Forecast 2018-2028F, USD Million
  6. By Country
    1. Brazil
    2. Argentina
    3. Rest of South Africa
3. Brazil Farming as a Service Market Outlook (2018-2028F)
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Solution- Market Size & Forecast 2018-2028F, USD Million
    2. By Delivery Model- Market Size & Forecast 2018-2028F, USD Million
    3. By End Users- Market Size & Forecast 2018-2028F, USD Million
4. Argentina Farming as a Service Market Outlook (2018-2028F)
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Solution- Market Size & Forecast 2018-2028F, USD Million
    2. By Delivery Model- Market Size & Forecast 2018-2028F, USD Million
    3. By End Users- Market Size & Forecast 2018-2028F, USD Million
Europe Farming as a Service Market Outlook (2018-2028F)
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Solution- Market Size & Forecast 2018-2028F, USD Million
  2. By Application- Market Size & Forecast 2018-2028F, USD Million
  3. By Farm Produce- Market Size & Forecast 2018-2028F, USD Million
  4. By Delivery Model- Market Size & Forecast 2018-2028F, USD Million
  5. By End Users- Market Size & Forecast 2018-2028F, USD Million
  6. By Country
    1. Germany
    2. The UK
    3. France
    4. Spain
    5. Italy
    6. Rest of Europe
3. Germany Farming as a Service Market Outlook (2018-2028F)
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Solution- Market Size & Forecast 2018-2028F, USD Million
    2. By Delivery Model- Market Size & Forecast 2018-2028F, USD Million
    3. By End Users- Market Size & Forecast 2018-2028F, USD Million
4. The UK Farming as a Service Market Outlook (2018-2028F)
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Solution- Market Size & Forecast 2018-2028F, USD Million
    2. By Delivery Model- Market Size & Forecast 2018-2028F, USD Million
    3. By End Users- Market Size & Forecast 2018-2028F, USD Million
5. France Farming as a Service Market Outlook (2018-2028F)
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Solution- Market Size & Forecast 2018-2028F, USD Million
    2. By Delivery Model- Market Size & Forecast 2018-2028F, USD Million
    3. By End Users- Market Size & Forecast 2018-2028F, USD Million
6. Spain Farming as a Service Market Outlook (2018-2028F)
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Solution- Market Size & Forecast 2018-2028F, USD Million
    2. By Delivery Model- Market Size & Forecast 2018-2028F, USD Million
    3. By End Users- Market Size & Forecast 2018-2028F, USD Million
7. Italy Farming as a Service Market Outlook (2018-2028F)
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Solution- Market Size & Forecast 2018-2028F, USD Million
    2. By Delivery Model- Market Size & Forecast 2018-2028F, USD Million
    3. By End Users- Market Size & Forecast 2018-2028F, USD Million
The Middle East & Africa Farming as a Service Market Analysis, 2018-2028F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Solution- Market Size & Forecast 2018-2028F, USD Million
  2. By Application- Market Size & Forecast 2018-2028F, USD Million
  3. By Farm Produce- Market Size & Forecast 2018-2028F, USD Million
  4. By Delivery Model- Market Size & Forecast 2018-2028F, USD Million
  5. By End Users- Market Size & Forecast 2018-2028F, USD Million
  6. By Country
    1. The UAE
    2. Saudi Arabia
    3. Egypt
    4. South Africa
    5. Rest of the Middle East & Africa
3. The UAE Farming as a Service Market Outlook (2018-2028F)
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Solution- Market Size & Forecast 2018-2028F, USD Million
    2. By Delivery Model- Market Size & Forecast 2018-2028F, USD Million
    3. By End Users- Market Size & Forecast 2018-2028F, USD Million
4. Saudi Arabia Farming as a Service Market Outlook (2018-2028F)
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Solution- Market Size & Forecast 2018-2028F, USD Million
    2. By Delivery Model- Market Size & Forecast 2018-2028F, USD Million
    3. By End Users- Market Size & Forecast 2018-2028F, USD Million
5. Egypt Farming as a Service Market Outlook (2018-2028F)
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Solution- Market Size & Forecast 2018-2028F, USD Million
    2. By Delivery Model- Market Size & Forecast 2018-2028F, USD Million
    3. By End Users- Market Size & Forecast 2018-2028F, USD Million
6. South Africa Farming as a Service Market Outlook (2018-2028F)
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Solution- Market Size & Forecast 2018-2028F, USD Million
    2. By Delivery Model- Market Size & Forecast 2018-2028F, USD Million
    3. By End Users- Market Size & Forecast 2018-2028F, USD Million
Asia-Pacific Farming as a Service Market Analysis, 2018-2028F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Solution- Market Size & Forecast 2018-2028F, USD Million
  2. By Application- Market Size & Forecast 2018-2028F, USD Million
  3. By Farm Produce- Market Size & Forecast 2018-2028F, USD Million
  4. By Delivery Model- Market Size & Forecast 2018-2028F, USD Million
  5. By End Users- Market Size & Forecast 2018-2028F, USD Million
  6. By Country
    1. China
    2. India
    3. Japan
    4. Australia
    5. Southeast Asia
    6. Rest of Asia-Pacific
3. China Farming as a Service Market Outlook (2018-2028F)
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Solution- Market Size & Forecast 2018-2028F, USD Million
    2. By Delivery Model- Market Size & Forecast 2018-2028F, USD Million
    3. By End Users- Market Size & Forecast 2018-2028F, USD Million
4. India Farming as a Service Market Outlook (2018-2028F)
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Solution- Market Size & Forecast 2018-2028F, USD Million
    2. By Delivery Model- Market Size & Forecast 2018-2028F, USD Million
    3. By End Users- Market Size & Forecast 2018-2028F, USD Million
5. Japan Farming as a Service Market Outlook (2018-2028F)
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Solution- Market Size & Forecast 2018-2028F, USD Million
    2. By Delivery Model- Market Size & Forecast 2018-2028F, USD Million
    3. By End Users- Market Size & Forecast 2018-2028F, USD Million
6. Australia Farming as a Service Market Outlook (2018-2028F)
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Solution- Market Size & Forecast 2018-2028F, USD Million
    2. By Delivery Model- Market Size & Forecast 2018-2028F, USD Million
    3. By End Users- Market Size & Forecast 2018-2028F, USD Million
7. Southeast Asia Farming as a Service Market Outlook (2018-2028F)
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Solution- Market Size & Forecast 2018-2028F, USD Million
    2. By Delivery Model- Market Size & Forecast 2018-2028F, USD Million
    3. By End Users- Market Size & Forecast 2018-2028F, USD Million
Global Farming as a Service Market Key Strategic Imperatives for Success & Growth
Competition Outlook
1. Company Profiles
  1. Trimble Inc.
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  2. Em3 Agri Services Pvt. Ltd.
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  3. Apollo Agriculture
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  4. John Deere
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  5. Accenture
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  6. SGS Société Générale de Surveillance SA
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  7. Taranis
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  8. PrecisionHawk
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  9. IBM
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  10. ITC Limited
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  11. Ninjacart
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  12. Mahindra and Mahindra Limited
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  13. AGRIVI
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  14. Hexagon Agriculture
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  15. Others
Disclaimer

MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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