Global Agriculture Technology as a Service

Global Agriculture Technology as a Service Market Research Report: Forecast (2021-2026)

By Service (Software-as-a-Service, Equipment-as-a-Service), By Technology (Data Analytics & Intelligence, Guidance Technology, Sensing Technology, Variable Rate Application Technology, Others), By App Read more

  • Environment
  • May 2021
  • 205
  • ET55008

Market Overview

The Agriculture Technology as a Service (ATaaS) business model enables customers to obtain their desired agriculture technologies as services within affordable pricing models at different intervals rather than making a one-time purchase. By reducing the customer ownership on the ATaaS model, the entire responsibility of assets relies on service providers. Moreover, various manufacturers shall experience a recurring flow of revenue and better customer retention by adopting the ATaaS model due to the direct contact between manufacturers and consumers.

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 around 22.9% during 2021-26 due to the high market growth owing to the driving need to adapt agriculture technologies across various end-user industries. ATaaS (Agriculture Technology as a Service) involves lower costs and features integration, scalability, and accessibility, thereby contributing to the market growth. Moreover, other crucial factors like consumer recognition and capital expenditure in operations shall further propel the need for ATaaS in the coming years. 

Report Coverage Details
Study Period Historical Data: 2016-19
Base Year: 2020
Forecast Period: 2021-26
CAGR 22.9%
Regions Covered North America: USA, Canada, Mexico
Europe: Germany, The UK, France, Spain, Italy 
Asia-Pacific: China, India, Japan, Australia 
South America: Brazil, and Argentina
Middle East & Africa:  Israel, South Africa
Key Companies Profiled 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.
Unit Denominations USD Million/Billion

 

Impact of COVID-19

The COVID-19 outbreak severely impacted the overall market growth rate globally. It caused a sudden decline in revenue growth of various high-tech producers operating in the market. Further, the overall reduced demand from customers also affected the market growth of Agriculture Technology as a Service. However, the gradual upliftment of the restrictions is likely to normalize the market in the forecast period.  

Global Agriculture Technology as a Service Market Research Report: Forecast (2021-2026)

Market Segmentation 

Soil Management Attains the Largest Market Share

Based on application, soil management is likely to attain a massive market share due to the rising environmental concerns and the growing need for research and development in the field. Furthermore, many market players and governments are substantially investing in ATaaS Market to sustain the soil. Hence, with the support of such initiatives, the soil management segment is likely to attain the largest market share in the forecast years, reveals MarkNtel Advisors in their research report, "Global Agriculture Technology as a Service Market Analysis, 2021."

Equipment-as-a-Service Segment likely to witness the Fastest Market Growth

Based on the service type, the market segments into Software-as-a-Service and Equipment-as-a-Service, where Equipment-as-a-Service is likely to witness the fastest market growth in the forecast years. It owes to the rapidly growing technological advancements that are introducing new equipment to suffice the needs & requirements of agricultural practices. Hence, the demand for new equipment is flooding and is likely to fuel the market growth significantly. 

Regional Landscape

Asia-Pacific likely to witness the Largest Market Share

Asia-Pacific shall attain the largest market share in the forecast years due to the extensive availability of agricultural land, farming being the prominent factor of the country's economy, and surging government initiatives to provide subsidies, R&D, etc. Other factors like the smaller farms in larger areas shall also contribute to the market expansion in the forecast years. 

Market Driver

In emerging countries, the market growth shall drive through the growing awareness among governments and producers about the flooding need to raise field produce and evaluate the expenditure. Moreover, the expanding concerns on food sustainability across the globe shall lead the government to make massive investments. Hence, based on these factors, the market is likely to achieve an astronomical pace in the forecast years. 

Competitive Landscape

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.

Key Questions Answered in the Market Research Report:

  1. What are the overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of the Global Agriculture Technology as a Service Market?
  2. What is the region-wise industry size, growth drivers, and challenges?
  3. What are the key innovations, opportunities, current & future trends, and regulations in the Global Agriculture Technology as a Service Market?
  4. Who are the key competitors, their key strengths & weaknesses, and how do they perform in the Global Agriculture Technology as a Service Market based on a competitive benchmarking matrix?
  5. What are the key results derived from the market surveys conducted during the Global Agriculture Technology as a Service Market study?

Market Outlook, Segmentation, and Statistics

  • Impact of COVID-19 on the Global Agriculture Technology as a Service Market
  • Market Size & Analysis
    • By Revenue
  • Market Share & Analysis
    • By Service Type
      • Software-as-a-Service
      • Equipment-as-a-Service
    • By Technology
      • Data Analytics & Intelligence
      • Guidance Technology
      • Sensing Technology
      • Variable Rate Application Technology
      • Others
    • By Application
      • Yield Mapping & Monitoring
      • Soil Management
      • Crop Health Management
      • Navigation & Positioning
      • Others
    • By Region
      • North America Agriculture Technology as a Service Market Outlook, 2016-2026F (USD Million)
        • The US Agriculture Technology as a Service Market Outlook, 2016-2026F (USD Million)
        • Canada Agriculture Technology as a Service Market Outlook, 2016-2026F (USD Million)
      • South America Agriculture Technology as a Service Market Outlook, 2016-2026F (USD Million)
        • Brazil Agriculture Technology as a Service Market Outlook, 2016-2026F (USD Million)
      • Europe Agriculture Technology as a Service Market Outlook, 2016-2026F (USD Million)
        • The UK Agriculture Technology as a Service Market Outlook, 2016-2026F (USD Million)
        • Germany Agriculture Technology as a Service Market Outlook, 2016-2026F (USD Million)
        • France Agriculture Technology as a Service Market Outlook, 2016-2026F (USD Million)
      • Asia-Pacific Agriculture Technology as a Service Market Outlook, 2016-2026F (USD Million)
        • China Agriculture Technology as a Service Market Outlook, 2016-2026F (USD Million)
        • South Korea Agriculture Technology as a Service Market Outlook, 2016-2026F (USD Million)
        • Japan Agriculture Technology as a Service Market Outlook, 2016-2026F (USD Million)
      • Middle East & Africa Agriculture Technology as a Service Market Outlook, 2016-2026F (USD Million)
    • By Competitors
      • Competition Characteristics
      • Market Share & Analysis
      • Competitive Matrix
  • Global Agriculture Technology as a Service Market Hotspots & Opportunities
  • Global Agriculture Technology as a Service Market Regulations & Policy
  • Key Strategic Imperatives for Success and Growth
  • Global Competition Outlook
    • Competition Matrix
    • Company Profile

Frequently Asked Questions

A. The historical data has been provided since 2016, while the base year is 2020, and the data forecast is up to 2026.

A. The measuring units of market size/industry size or the market value are USD Million and thousand units.

A. Global Agriculture Technology as a Service Market is forecast to grow at a CAGR of 22.9% during 2021-26.

A. Deere & Company, Trimble Inc., AGCO Corporation, Accenture plc, CNH Industrial N.V., Airbus S.A.SRaven Industries, AT&T IncTopcon Corporation, Intertek plc, SGS SA Taranis, Naio Technologies, PrecisionHawk, Microsoft Corporation, and IBM Corporation, etc. are a few of the leading players in the Global Agriculture Technology as a Service Market.

A. Soil Management is likely to attain the highest CAGR during the forecast period and maintain its significant market share.

A. Asia-Pacific continues to grow during 2021-26, thereby presenting immense opportunities to market players of the Global Agriculture Technology as a Service Market.

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
    4. Market Segmentation
  2. Preface
  3. Executive Summary
  4. Impact of COVID-19 on Agriculture Technology as a Service Market
  5. Global Agriculture Technology as a Service Market Pricing Models & Breakeven Analysis
  6. Global Agriculture Technology as a Service Market Dynamics
    1. Drivers
    2. Challenges
    3. Impact Analysis
  7. Global Agriculture Technology as a Service Market Trends & Insights
  8. Global Agriculture Technology as a Service Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Service Type
        1. Software-as-a-Service
        2. Equipment-as-a-Service
      2. By Technology
        1. Data Analytics & Intelligence
        2. Guidance Technology
        3. Sensing Technology
        4. Variable Rate Application Technology
        5. Others
      3. By Application
        1. Yield Mapping & Monitoring
        2. Soil Management
        3. Crop Health Management
        4. Navigation & Positioning
        5. Others
      4. By Competitors
        1. Competition Characteristics
        2. Market Share & Analysis
        3. Competitor Alignment in Competition Matrix
  9. North America Agriculture Technology as a Service Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Service Type
      2. By Technology
      3. By Application
      4. By Country
        1. The US
        2. Canada
        3. Mexico
  10. South America Agriculture Technology as a Service Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Service Type
      2. By Technology
      3. By Application
      4. By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
  11. Europe Agriculture Technology as a Service Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Service Type
      2. By Technology
      3. By Application
      4. By Country
        1. The UK
        2. Germany
        3. France
        4. Italy
        5. Spain
        6. Rest of Europe
  12. Middle East & Africa (MEA) Agriculture Technology as a Service Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Service Type
      2. By Technology
      3. By Application
      4. By Country
        1. Israel
        2. South Africa
        3. Rest of MEA
  13. Asia Pacific Agriculture Technology as a Service Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Service Type
      2. By Technology
      3. By Application
      4. By Country
        1. Australia
        2. China
        3. Japan
        4. India
        5. Rest of Asia Pacific
  14. Global Agriculture Technology as a Service Market Key Strategic Imperatives for Growth & Success
  15. Company Profiles
    1. AGCO Corporation
    2. CLAAS Group
    3. CNH Industrial NV
    4. Deere & Company
    5. Kubota Corporation
    6. Yanmar Co. Ltd
    7. 365FarmNet GmBH
    8. Agrivi
    9. CropIn Technology Solutions Pvt Ltd
    10. Fujitsu Ltd
    11. IBM Corporation
    12. Microsoft Corporation
    13. Robert Bosch GmBH
    14. Trimble Inc
    15. Parrot SA
    16. Pixhawk
    17. Precision Hawk
    18. Harvest Automation Inc
    19. Naio Technologies
    20. Small Robot Company
    21. Topcon Corporation
    22. Teejet Corporation
    23. SGS SA
    24. Raven Industries Inc
    25. Intertek Group Plc
    26. Airbus SAS
    27. AT&T
    28. Ceres Imaging Inc
    29. Hexagon Agriculture
    30. Nutrien AgSolutions Inc.
  16. Disclaimer
Global Agriculture Technology as a Service Market Segmentation