Report Highlights Competitive Scenario with Impact of Drivers and Challenges 2028

The global agricultural technology as a service (ATaaS) market size reached USD 1.10 billion in 2020 and is expected to register a CAGR of 20.7% during the forecast period. Market revenue growth is primarily driven by the growing need to increase global food production due to the rapidly increasing global population and rising food demand. The ATaaS model helps customers buy their favorite agricultural technologies as services under different affordable pricing models rather than buying them completely as a whole. The techniques are more affordable for most small-scale farmers, helping them to increase their productivity and efficiency. Technological advancements in agricultural machinery have improved the speed, scale, and productivity of agricultural equipment, which supports the growth of agricultural productivity. Implementation of connected sensors, data analytics, intelligence and artificial intelligence (AI) in the agriculture sector results in increased crop yield, improved water efficiency, improved sustainability and resilience of livestock and crop production. These factors are expected to drive the demand for agricultural technologies as a service among small and large farmers. Increasing initiatives by governments regarding technological advancements in agricultural techniques and investments to establish strong infrastructure connectivity are factors contributing to the growth of the global agricultural sector.

The research report offers the reader an in-depth interpretation of the Agricultural technology as a service market dynamic, including critical drivers, opportunities, threats and challenges. The report also depicts key business strategies, demand and supply ratios, major regions, and renowned market players, in a nutshell, providing a futuristic perspective of the overall Agriculture Technology as a Service industry.

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The market intelligence report is a prototype of the 360° overview of the global Agriculture Technology as a Service industry, highlighting the estimated market value, share, growth trends, gross revenue, competitive overview, major manufacturers and buyers, available product types and end-use applications.

Competitive landscape:

The latest study provides an insightful analysis of the vast competitive landscape of the Global Agriculture Technology as a Service Market, with a focus on Key Market Rivals and their Company Profiles. A wide range of strategic initiatives, such as new business deals, mergers and acquisitions, collaborations, joint ventures, technology upgrades, and recent product launches, undertaken by these companies have been discussed in the report. The report analyzes various elements of the competitive scenario of the market such as regulatory standards and policies implemented in the industry over the past few years. Our team of experts has leveraged several powerful analytical tools such as Porter’s Five Forces analysis and SWOT analysis to provide a comprehensive overview of the global Agriculture Technology-as-a-Service market and identify trends fundamental growth.

The major companies covered in the report are:

Trimble Inc., Deere & Company, AGCO Corporation, IBM Corporation, Accenture plc, Airbus SAS, AT&T Inc., Raven Industries, Inc., Topcon Corporation and SGS SA

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The report assesses the profound changes in this business environment caused by the COVID-19 outbreak and examines key aspects of the market that have been severely disrupted by the pandemic. The report thus exposes the rapidly changing market scenario in this era of COVID-19, which aims to help companies involved in this industry overcome the gripping effects of the pandemic and formulate new growth strategies to drive growth. of the market.

The segments covered in this report are:

  • Service Type Outlook (Revenue, USD Billion; 2018-2028)

    • equipment as a service (EaaS)
    • Software as a Service (SaaS)
  • (Revenue, USD billion; 2018-2028)

    • guidance
    • Data analysis and intelligence
    • variable rate application Technology
    • detection
    • Others
  • Application Outlook (Revenue, USD Billion; 2018-2028)

    • Soil management
    • Navigation and positioning
    • Yield mapping and monitoring
    • Crop Health Management
    • Others

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Highlights of the Global Agricultural Technology as a Service Market:

  • Estimating and forecasting regional demand
  • Product Line Matrix
  • R&D Analysis Analysis
  • cost-benefit
  • Price volatility ahead of commodities
  • supply chain optimization Analysis of
  • technology updates
  • Raw Material Sourcing Strategy
  • Competitive analysis
  • Mergers and Acquisitions
  • Location quotients Analysis
  • carbon footprint Analysis
  • patents
  • Management of suppliers

Key parameters analyzed in this Section:

  • Company Profiles
  • Gross turnover
  • Profit margins
  • Sales trends of
  • products Product pricing
  • To analyse
  • Sales and Distribution Channels industry

Regional segmentation:

  • North America
  • Latin America
  • Europe
  • Middle East and Africa
  • Asia Pacific

Key points covered in this section

  • Regional contribution
  • Estimated revenue generation
  • Vital data and insights on consumption rate across all major regional segments
  • An expected increase in market share
  • Expected growth in overall consumption rate

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Report Highlights:

  • Along with offering a vivid description of the global Agriculture Technology-as-a-Service business sphere and its fundamental operations, the latest report provides the industry chain analysis and listing current and future market trends and growth opportunities.
  • The report includes information on current and historic market scenarios, which helps forecast the market conditions over the next eight years (2020-2028).
  • The report discusses the major factors influencing the growth of the market in the near future.
  • Strategic marketing recommendations, crucial information related to new market entrants and expansion plans of various companies are poised to provide the reader with a competitive edge in the market.

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