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.
![Research and Markets Logo Research and Markets Logo](https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg)
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
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Media Contact:
Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg
View original content:https://www.prnewswire.com/news-releases/pioneering-the-agri-tech-revolution-faas-market-poised-for-exponential-growth-through-2032-301943238.html
SOURCE Research and Markets