Pioneering the Agri-Tech Revolution: FaaS Market Poised for Exponential Growth Through 2032

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Sep 29, 2023, 22:00 ET

DUBLIN, Sept. 29, 2023 /PRNewswire/ -- The "Global Farming as a Service Market 2022-2032 by Solution, Delivery Model, End User, and Region: Trend Forecast and Growth Opportunity" report has been added to ResearchAndMarkets.com's offering.

Farmers Embrace the Digital Era: The Global Farming as a Service (FaaS) Market Expected to Reach $11.6 Billion by 2032

The comprehensive report on the Global Farming as a Service (FaaS) Market spans from 2022 to 2032. The detailed analysis suggests that the FaaS market is projected to burgeon to an impressive $11.63 billion by 2032. This robust growth, representing a 17.4% annual rise over the 2022-2032 timeframe, is primarily spurred by the rising adoption of FaaS in contemporary agriculture. Key drivers underpinning this growth include improved efficiency and productivity from data-backed decisions, the expansion of internet access in rural territories, heightened investments in agri-tech startups, and the latest wave of FaaS solution launches.

The study provides a thorough examination of the entire FaaS landscape, dissecting all its integral sub-segments through in-depth classifications. The analysis draws from high-quality primary and secondary sources, enriched with insights from seasoned industry professionals across the value chain. It meticulously investigates market structure, growth catalysts, potential restraints, upcoming product trends, and opportunities, while also incorporating a Porter's Five Forces analysis.

Recognizing the prevailing global conditions, the report's market outlook takes into account the ramifications of the COVID-19 pandemic and the Russia-Ukraine war. The ensuing market forecasts are segmented based on Solution, Delivery Model, End User, and Region.

Key market segments highlighted in the report are as follows:

Solutions:

Farm Management, encompassing Precision Farming Tools, Information Sharing, and Analytics.
Production Assistance, inclusive of Equipment Rentals, Labor Services, and Utility Services.
Access to Markets, differentiating between Farmers to End Market and Supplier to Farmers.

Delivery Models:

Pay-per-use
Subscription

End Users:

Farmers
Government Entities
Corporates
Financial Institutions
Advisory Bodies

On the geographic front, an all-encompassing analysis extends to regions such as North America, Europe, Asia-Pacific (APAC), South America, and the Middle East and Africa (MEA). Each region is further dissected to provide country-specific market data for the 2022-2032 period.

Prominent market leaders and emerging entities have been profiled extensively in the report. A snapshot of these key players includes:

Accenture Plc
AgJunction
Agrivi
Apollo Agriculture
Bighaat Agro Private Limited
EM3 Agri Services Private Limited
IBM
John Deere Group (Deere & Company)
Precision Hawk, Inc.
Societe Generale de Surveillance
Taranis Visual Ltd.
Trimble Inc.

For more information about this report visit https://www.researchandmarkets.com/r/9ge3iy

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SOURCE Research and Markets