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Agriculture Technology-as-a-Service Market: The global market is expected to grow at a CAGR of 15.35% during the forecasted period.

01-29-2024 09:14 PM CET | IT, New Media & Software

Press release from: Evolve Business Intelligence

Agriculture Technology-as-a-Service Market: The global

As per the study initiated by Evolve Business Intelligence, the global Agriculture Technology-as-a-Service Market size accounted for USD 3.2 Billion in 2022, growing at a CAGR of 15.35% from 2023 to 2033. The Agriculture Technology-as-a-Service (ATaaS) market refers to the provision of agricultural technology services through a subscription-based model. The market is segmented into Equipment-as-a-Service (EaaS) and Software-as-a-Service (SaaS). The rising need to increase global food production, growing population, and increasing initiatives of governments regarding technological advancements in agriculture are driving the growth of this market. The market is consolidated with a few players accounting for a significant share, and companies are focusing on strategic expansions. The global Agriculture Technology-as-a-Service market revenue is projected to expand at a CAGR of 20%, and the market was valued at USD 1.10 Billion in 2020.

The Agriculture Technology-as-a-Service (ATaaS) market is driven by several factors, including the increasing need to enhance global food production due to population growth, the lack of technical knowledge among some farmers, and the absence of necessary connectivity infrastructure.

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Key Highlights:
• The global Agriculture Technology-as-a-Service Market size was valued at USD 3.2 Billion in 2022 growing at a CAGR of 15.35% from 2023 to 2033.
• Asia Pacific dominated the market in 2022
• North America is expected to grow at the highest CAGR from 2023 to 2033

Evolve Business Intelligence has just unveiled its latest market research report focusing on the Global Agriculture Technology-as-a-Service Market. This comprehensive report delves into various facets of the market, including market size and projections, market dynamics, competitor market share analysis, market value and volume, SWOT analysis, product comparisons, recent advancements by major players, and prospective opportunities. Furthermore, the market's evaluation in the dynamic chapter considers four key indicators: Drivers, Constraints, Emerging Trends, and Challenges..

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Key Players
Some of the major Agriculture Technology-as-a-Service Market players holding high market shares include Apollo Agriculture, Mahindra & Mahindra Ltd. And Precision Hawk. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
• Apollo Agriculture
• Mahindra & Mahindra Ltd.
• Precision Hawk
• Deere & Company
• Taranis
• 63Ideas Infolabs Private Limited
• Trimble Inc.
• SGS Société Générale de Surveillance SA
• BigHaat.com

Segmental Analysis
Market Segment By Type
• Farm Management Solutions
• Production Assistance
• Access to Markets

Market Segment By Delivery Model
• Subscription
• Pay-per-use

Market Segment By End User
• Corporate
• Financial Institutions
• Advisory Bodies
• Farmers
• Governments

For more information: https://evolvebi.com/report/agriculture-technology-as-a-service-market-analysis/

Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)

Reasons to Buy this Report:
• Comprehensive insights.
• Reliable and accurate data.
• Market size and dataforecast
• Competitive analysis.
• Identification of market opportunities.
• Risk identification and mitigation strategies.
• SWOT analysis.
• TAM Analysis
• Recent industry developments.
• Customization options.
• Expertise and guidance for strategic decision-making

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About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool - EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from Fortune's global 2000 companies.

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