Farming As A Service Market Analysis, Growth Rate, Demand, Size And Share, Present Scenario And Future Forecast To 2028

Market Overview:

Global Farming as a Service Market Size Is Expected To Grow At A Significant Growth Rate Over The Forecast Period 2022-2028, Considering Base Year As 2021.

Farming-as-a-Service offers cutting-edge, professional solutions for agricultural and related services on a subscription or pay-per-use basis. In order to boost productivity and efficiency, stakeholders can make decisions based on data thanks to these farm management systems. Farming-as-a-Service makes the approaches more accessible to small farms by converting fixed upfront costs for producers into variable recurring expenditures. Precision farming, analytics, and information exchange are all supported by farming as a service. Stakeholders can use Farming-as-a-Service to boost productivity and efficiency by making data-driven decisions. Direct data collection is done by farmers, market agents, satellites, drones, and government organizations.

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Market Dynamics:

Driver:

Growing internet connection in rural regions is one of the main forces behind farming as a service, which helps the market expand. As internet access in rural regions continues to improve, the adoption of farming-as-a-service will increase due to the numerous benefits, including increased production and efficiency through data-driven decisions. Farming-as-a-Service can be used to address inefficiencies in the agricultural supply chain, including low productivity, a lack of farm mechanization, market access, and data asymmetry. It encourages the creation of novel products, such as instantaneous data collection and analysis technologies and versatile agricultural equipment.

Opportunities:

Growing internet connection in rural regions, which supports market expansion, is one of the farming-as-a-major service's growth prospects. Farmers benefit greatly from fast internet connectivity. They can use data-driven analytics to determine the best seeds and fertilizer dosages, and they can analyze the soil to check the nutrient profile. Utilizing data-driven decision-making tools can minimize production costs by reducing waste. Due to the market's great potential, numerous existing organizations as well as new companies and startups are entering it. Some recent entrants in the farming-as-a-service market include TAFE, ITC Ltd., Cropin Technology Solutions Pvt. Ltd., and Deere & Company. To establish a presence in the market, businesses concentrate on product development and geographic growth.

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Market Coverage

•Available market numbers - 2022-2028
•Base Year - 2021
•Forecast Period - 2022-2028
•Segments covered - by Solutions ,by Delivery Model, by End User
•Competitive Landscape - Agribolo, Ninjacart, Mahindra & Mahindra Ltd, John Deere, Apollo Agriculture, IBM

Market Segmentation

By Solutions

• Farm Management
• Production Assistance
• Access To Market

By Delivery Model

• Pay-Per-Use
• Subscription

By End User

• Corporates
• Financial Institution
• Farmer
• Government
• Advisory Bodies

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Major Key Players Considered in the Market

• Agribolo
• Ninjacart
• Mahindra & Mahindra Ltd
• John Deere
• Apollo Agriculture
• IBM
• Ekylibre
• iron Services
• Farmlyplace
• BigHaat
• Trimble
• Taranis, And Other Major Players.

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Key Industry Development In The Farming as a Service Market

In September 2022, Ninjacart, an Indian AgriTech startup backed by Walmart and Tiger Global, expanded into the United Arab Emirates and Gulf Corporation Council (GCC) countries by launching the Ninja Global platform for agricultural import-export businesses. The platform's goal is to strengthen the import-export market for agricultural commodities between the UAE and India.

Objectives of the global Farming as a Service market

1. To identify the main subsegments of the Farming as a Service market to comprehend its structure.

2. Identifies describes, and analyses the sales volume, value, market share, competitive market landscape, opportunities and threats, and strategic initiatives for the main worldwide Farming as a Service manufacturers for the next few years.

3. To examine the Farming as a Service in terms of specific expected growth, career outlook, and market share contribution.

4. Analyse commercial developments in the market, such as market expansions, partnerships, new product development, and mergers.

5. To develop a strategic analysis of the main players and a thorough analysis of their strategic planning.

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