logo image
search icon
Farming As A Service Market

Farming As A Service Market, Share & Trends Analysis Report, By Service (Farm Management Solutions, Production Assistance, Access to Markets), By Delivery Model (Subscription, Pay-per-Use), By End-user, By Region, and Segment Forecasts, 2024-2031

Report ID : 2612 | Published : 2024-10-22 | Pages: 165 | Format: PDF/EXCEL/Power BI Dashbord

The Farming As A Service Market Size is valued at USD 4.13 Bn in 2023 and is predicted to reach USD 12.75 Bn by the year 2031 at an 15.3% CAGR during the forecast period for 2024-2031.

farnubg as a service

"Farming as a Service" (FaaS) represents a gradual but significant shift in the agricultural sector's use of technology in recent years. This concept updates conventional farming by incorporating technology-driven solutions to provide crop management and equipment leasing services, thereby increasing productivity and sustainability. FaaS offers a more accurate and balanced picture of farming's future by fusing the advantages of contemporary technology with the comforts of traditional agriculture. By extending the "as a service" paradigms familiar in the IT sector, like Software as a Service (SaaS), to agriculture, FaaS aims to enhance the productivity, sustainability, and profitability of farming through a range of cutting-edge yet practical services.

For Instance, In July 2021, The goal of the new farm laws, which include "The Farmers' Produce Trade and Commerce (Promotion and Facilitation) Act, 2020," "The Farmers (Empowerment and Protection) Agreement On Price Assurance and Farm Services Act, 2020," and "The Essential Commodities (Amendment) Act, 2020," is to create an environment in which farmers have the freedom to choose how to sell their produce and can do so at a price that allows them to get paid fairly through alternate, competitive channels. Additionally,

In Aug 2022, The Indian Council of Agricultural Research (ICAR) encourages agricultural innovation, extension, and teaching. For various agricultural crops, a total of 1575 field crop types were released between 2014 and 21. Farmers received 91.43 crore agro-advisories using mobile devices between 2014 and 21. In the years 2014–21, ICAR created 187 mobile applications covering various farm and farmer-related activities. These ICAR applications are now combined onto KISAAN, a single platform. During this time, ICAR developed the Farmer FIRST (Farm, Innovations, Resources, Science and Technology) program, which aims to go beyond productivity and production by improving the interaction between farmers and scientists.

Competitive Landscape

Some of the Major Key Players in the Farming As A Service Market are

  • John Deere
  • ITC
  • Trimble
  • EM3
  • Apollo Agriculture
  • Accenture
  • Taranis
  • Precision Hawk
  • IBM
  • BigHaat
  • Ninja Kart
  • Em3 Agri Services Pvt. Ltd.
  • SGS Société Générale de Surveillance SA
  • Ninjacart
  • AGRIVI
  • Hexagon Agriculture

Market Segmentation:

The Farming As A Service Market is segmented based on the by service, by delivery model, and by end-user. Based on the Service, the market is segmented into Farm Management Solutions, Production Assistance, and Access to Markets. Based on the by-delivery model, the market is segmented into subscription and pay-per-use. The end-user segment is segmented into farmers, government, corporations, financial institutions, and advisory bodies.

The Farm Management Solutions Segment is Expected To Have The Highest Growth Rate During The Forecast Period.

Based on the by-service, the market is categorized into farm management solutions, production assistance, and access to markets. Among these, the farm management solutions segment is expected to have the highest growth rate during the forecast period. Farm Management Solutions provides farmers with data analytics, real-time monitoring, and predictive insights. These tools enable farmers to make informed decisions about planting, irrigation, fertilization, pest control, and harvesting, leading to optimized resource use and higher productivity. The continuous development and adoption of technologies like IoT, AI, and blockchain in agriculture are making Farm Management Solutions more sophisticated and accessible. These advancements attract more farmers to adopt FaaS, driving market growth.

The Food Segment Dominate the Market

Based on the by-delivery model, the market is segmented into subscription and pay-per-use. subscription-based farming as a service has lots of opportunities to demonstrate show. It is a fantastic substitute for traditional means of leasing or selling products, where each purchase is handled as a separate transaction. Farmers that use the subscription-based model can pay for the good or service periodically for as long as they need it, without having to pay for it again later. Furthermore, a number of businesses are pushing for the use of subscription-based seices in order to reduce the risks connected with a downturn in company activity and produce more steady income.

North America Have the Largest Market Share During Forecast Period

The market with the biggest revenue share is dominated by North America, and this trend is probably going to continue in the coming years. This is mostly due to the expanding application of FaaS models to increase agricultural output in the area. North America is a pioneer in the use of cutting-edge technologies. The increasing use of drones, smart crops, automated machinery, and livestock monitoring is assisting farmers in improving farm management, which in turn is fostering the growth of the regional market.

Recent Developments:

  • In Jan 2024, Apollo Agriculture, a Kenyan Agri-Fintech Company, Gets $10 Million to Boost African Farmers Through ImpactConnect and Swedfund. The financial investment will allow the firm to provide more small-scale farmers with the tools and resources they require to enhance revenues, embrace sustainable practices, and improve food security. Apollo Agriculture uses cutting-edge technology such as machine learning and automation to address the particular issues encountered by smallholder farmers.
  • In July 2024, Taranis, the world leader in crop intelligence, reveals ground-breaking AI developments in the agriculture industry with the launch of Ag AssistantTM. Ag Assistant is a first for retailers and producers in the agriculture industry. It is driven by a generative AI model with a deep grasp of agronomy that integrates data sources from multiple modalities, such as text, audio, and images.

Farming As A Service Market Report Scope

Report Attribute

Specifications

Market Size Value In 2023

USD 4.13 Bn

Revenue Forecast In 2031

USD 12.75 Bn

Growth Rate CAGR

CAGR of 15.3% from 2024 to 2031

Quantitative Units

Representation of revenue in US$ Bn and CAGR from 2024 to 2031

Historic Year

2019 to 2023

Forecast Year

2024-2031

Report Coverage

The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends

Segments Covered

By Service, Delivery Model, End-user

Regional Scope

North America; Europe; Asia Pacific; Latin America; Middle East & Africa

Country Scope

U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; South East Asia

Competitive Landscape

John Deere, ITC, TrimbleEM3, Apollo Agriculture, Accenture, Taranis, Precision Hawk, IBM, BigHaat, Ninja Kart, Em3 Agri Services Pvt. Ltd., SGS Société Générale de Surveillance SA, Ninjacart, AGRIVI, Hexagon Agriculture

Customization Scope

Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape.

Pricing and Available Payment Methods

Explore pricing alternatives that are customized to your particular study requirements.

Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Farming As A Service Market Snapshot

Chapter 4. Global Farming As A Service Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: by Service Estimates & Trend Analysis
5.1. by Service & Market Share, 2019 & 2031
5.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Service:

5.2.1. Farm Management Solutions
5.2.1.1. Precision Farming Tools
5.2.1.2. Analytics
5.2.1.3. Information Sharing
5.2.2. Production Assistance
5.2.2.1. Equipment Rentals
5.2.2.2. Labor services
5.2.2.3. Utility services
5.2.2.4. Agricultural marketing
5.2.3. Access to Markets
5.2.3.1. Supplier to farmers
5.2.3.2. Farmers to end market

Chapter 6. Market Segmentation 2: by Delivery Model Estimates & Trend Analysis
6.1. by Delivery Model & Market Share, 2019 & 2031
6.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Delivery Model:

6.2.1. Subscription
6.2.2. Pay-per-Use

Chapter 7. Market Segmentation 3: by End-user Estimates & Trend Analysis
7.1. by End-user & Market Share, 2019 & 2031
7.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by End-user:

7.2.1. Farmers
7.2.2. Government
7.2.3. Corporate
7.2.4. Financial Institutions
7.2.5. Advisory Bodies

Chapter 8. Farming As A Service Market Segmentation 4: Regional Estimates & Trend Analysis

8.1. North America
8.1.1. North America Farming As A Service Market Revenue (US$ Million) Estimates and Forecasts by Service, 2024-2031
8.1.2. North America Farming As A Service Market Revenue (US$ Million) Estimates and Forecasts by Delivery Model, 2024-2031
8.1.3. North America Farming As A Service Market Revenue (US$ Million) Estimates and Forecasts by End-user, 2024-2031
8.1.4. North America Farming As A Service Market Revenue (US$ Million) Estimates and Forecasts by Country, 2024-2031

8.2. Europe
8.2.1. Europe Farming As A Service Market Revenue (US$ Million) Estimates and Forecasts by Service, 2024-2031
8.2.2. Europe Farming As A Service Market Revenue (US$ Million) Estimates and Forecasts by Delivery Model, 2024-2031
8.2.3. Europe Farming As A Service Market Revenue (US$ Million) Estimates and Forecasts by End-user, 2024-2031
8.2.4. Europe Farming As A Service Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031

8.3. Asia Pacific
8.3.1. Asia Pacific Farming As A Service Market Revenue (US$ Million) Estimates and Forecasts by Service, 2024-2031
8.3.2. Asia Pacific Farming As A Service Market Revenue (US$ Million) Estimates and Forecasts by Delivery Model, 2024-2031
8.3.3. Asia-Pacific Farming As A Service Market Revenue (US$ Million) Estimates and Forecasts by End-user, 2024-2031
8.3.4. Asia Pacific Farming As A Service Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031

8.4. Latin America

8.4.1. Latin America Farming As A Service Market Revenue (US$ Million) Estimates and Forecasts by Service, 2024-2031
8.4.2. Latin America Farming As A Service Market Revenue (US$ Million) Estimates and Forecasts by Delivery Model, 2024-2031
8.4.3. Latin America Farming As A Service Market Revenue (US$ Million) Estimates and Forecasts by End-user, 2024-2031
8.4.4. Latin America Farming As A Service Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031

8.5. Middle East & Africa
8.5.1. Middle East & Africa Farming As A Service Market Revenue (US$ Million) Estimates and Forecasts by Service, 2024-2031
8.5.2. Middle East & Africa Farming As A Service Market Revenue (US$ Million) Estimates and Forecasts by Delivery Model, 2024-2031
8.5.3. Middle East & Africa Farming As A Service Market Revenue (US$ Million) Estimates and Forecasts by End-user, 2024-2031
8.5.4. Middle East & Africa Farming As A Service Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031

Chapter 9. Competitive Landscape
9.1. Major Mergers and Acquisitions/Strategic Alliances
9.2. Company Profiles

9.2.1. John Deere
9.2.2. ITC
9.2.3. Trimble
9.2.4. EM3
9.2.5. Apollo Agriculture
9.2.6. Accenture
9.2.7. Taranis
9.2.8. Precision Hawk
9.2.9. IBM
9.2.10. BigHaat
9.2.11. Ninja Kart
9.2.12. Em3 Agri Services Pvt. Ltd.
9.2.13. SGS Société Générale de Surveillance SA
9.2.14. Ninjacart
9.2.15. AGRIVI
9.2.16. Hexagon Agriculture
9.2.17. Others Prominent Players

Segmentation of Farming As A Service Market

Global Farming As A Service Market - By Service

  • Farm Management Solutions
    • Precision Farming Tools
    • Analytics
    • Information Sharing
  • Production Assistance
    • Equipment Rentals
    • Labor services
    • Utility services
    • Agricultural marketing
  • Access to Markets
    • Supplier to farmers
    • Farmers to end market

farming as as service

Global Farming As A Service Market – Delivery Model 

  • Subscription
  • Pay-per-Use

Global Farming As A Service Market – End-user

  • Farmers
  • Government
  • Corporate
  • Financial Institutions

Advisory Bodies Global Farming As A Service Market – By Region

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of the Middle East and Africa

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

user icon
office icon
mail icon
call icon

This website is secure, and we do not share your personal information with any third party. Privacy Policy

Need Customization
Need specific information/chapter from the report of the custom data table, graph or complete report? Tell us more.

Frequently Asked Questions

How big is the Farming As A Service Market Size?

The Farming As A Service Market is estimated to grow at a 15.3% CAGR during the forecast period for 2024-2031.

John Deere, ITC, TrimbleEM3, Apollo Agriculture, Accenture, Taranis, Precision Hawk, IBM, BigHaat, Ninja Kart, Em3 Agri Services Pvt. Ltd., SGS Sociét

Our Clients

  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo

Media Citations

  • media citation logo
  • media citation logo
  • media citation logo
  • media citation logo
  • media citation logo
  • media citation logo
  • media citation logo
  • media citation logo
  • media citation logo

Growth opportunities and latent adjacency in Agriculture

Report License Selection

Determine the appropriate license for your report

Get Your GTM Strategy

Navigate market entry with channel selection, launch strategy & timeline, and pricing model support.

Equip yourself with the insights needed to develop a winning go-to-market strategy

Get real-time updates and joint control over project direction with our collaborative approach