Farming as a Service Market Size, Share, Trends, Industry Analysis Report: By Service Type, By Delivery Model, By End-User, and By Region - Market Forecast, 2024

Description

List of Tables

The global farming as a service market size is expected to reach USD 14.63 billion by 2032, according to a new study by Polaris Market Research. The report "Farming as a Service Market Size, Share, Trends, Industry Analysis Report: By Service Type (Farm Management Solutions, Production Assistance, and Access to Markets), By Delivery Model, By End-User, and By Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa) - Market Forecast, 2024 - 2032." gives a detailed insight into current market dynamics and provides analysis on future market growth.

The growth of the farming as a service market is driven by rapid automation adoption in farming applications. Farmers are increasingly embracing automation technologies such as sensors, electronic actuators, and industrial IoT to optimize farming processes, reduce labor costs, and boost productivity. The growing adoption of mechanical development tools in agriculture is enabling the development of advanced autonomous systems for tasks like weeding, watering, and harvesting.

Agritech startups are also playing a pivotal role in shaping the FaaS market. These innovative companies are introducing advanced technologies that help farmers overcome challenges related to efficiency, sustainability, and profitability. By making these technologies more accessible and affordable, agritech startups are particularly benefiting small-scale farmers in developing countries. The government is also taking initiatives for new startups in the market. For instance, in July 2024, The Indian government plans to launch a Rs 750 crore AgriSURE fund to promote startups and rural enterprises in agriculture and allied sectors through equity and debt support. As the agriculture industry continues to face pressures from population growth, climate change, and rising input costs, the rapid adoption of automation and the emergence of agritech startups are expected to be major drivers of farming as a service market in the coming years

In recent years, the increasing adoption of advanced technologies has significantly driven the growth of farming as a service market. Modern agricultural tools such as data management software, GPS, yield mapping software (YMS), and variable rate technology (VRT) are enhancing profit margins and improving soil fertility while simultaneously reducing farming costs. These technologies promote sustainable agriculture by optimizing resource usage and minimizing waste. Additionally, the growing popularity of the Internet of Things (IoT) in agriculture enables real-time data collection and analysis, allowing farmers to make informed decisions that enhance productivity and sustainability.

Farming as a Service Market Report Highlights

The farm management solutions segment led the market, driven by precision farming services leveraging advanced technologies like hyperspectral imaging and precision irrigation to boost agricultural productivity and meet global food demand.

The subscription delivery model segment dominated the market in 2023, enabling farmers to access advanced agricultural technologies and services through recurring fees, reducing upfront investment requirements.

The Asia Pacific region is expected to grow fastest during the forecast period, driven by India, China, and Bangladesh, supported by government initiatives and infrastructure improvements, amid challenges posed by shifting food consumption patterns due to population growth.

The global key market players include Accenture, Apollo Agriculture, BigHaat, EM3, IBM, ITC, John Deere (Deere & Company), Mahindra & Mahindra Ltd., Precision Hawk, Taranis, and Trimble Inc.

Polaris Market Research has segmented the farming as a service market report based on service type, delivery model, end-user, and region:

Farming as a Service, Service Type Outlook (Revenue - USD Billion, 2019 - 2032)

Farm Management Solutions
Production Assistance
Access to Markets

Farming as a Service, Application Outlook (Revenue - USD billion, 2019 - 2032)

Subscription
Pay-per-use

Farming as a Service, End-User Outlook (Revenue - USD billion, 2019 - 2032)

Corporate
Financial Institutions
Advisory Bodies
Farmers
Governments

Farming as a Service, Regional Outlook (Revenue - USD billion, 2019 - 2032)

North America
U.S.
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Australia
Vietnam
Rest of Asia Pacific
Latin America
Argentina
Brazil
Mexico
Rest of Latin America
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Rest of Middle East & Africa

Product Code: PM5086

1. Introduction

1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
1.2. Stakeholders

2. Executive Summary

2.1. Market Highlights

3. Research Methodology

3.1. Overview
- 3.1.1. Data Mining
3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources

4. Global Farming as a Service Market Insights

4.1. Farming as a Service Market - Market Snapshot
4.2. Farming as a Service Market Dynamics
- 4.2.1. Drivers and Opportunities
  - 4.2.1.1. Rising Demand for Technological Advancements in Farming as a Service Drives Market Growth
  - 4.2.1.2. Rapid Urbanization Drives the Farming as a Service Market Growth
- 4.2.2. Restraints and Challenges
  - 4.2.2.1. High Initial Investment Hindering the Adoption of Farming as a Services
4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
4.4. PESTEL Analysis
4.5. Farming as a Service Market Trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis

5. Global Farming as a Service Market, by Service Type

5.1. Key Findings
5.2. Introduction
- 5.2.1. Global Farming as a Service Market, by Service Type, 2019-2032 (USD Billion)
5.3. Farm Management Solutions
- 5.3.1. Global Farming as a Service Market, by Farm Management Solutions, by Region, 2019-2032 (USD Billion)
5.4. Production Assistance
- 5.4.1. Global Farming as a Service Market, by Production Assistance, by Region, 2019-2032 (USD Billion)
5.5. Access to Markets
- 5.5.1. Global Farming as a Service Market, by Access to Markets, by Region, 2019-2032 (USD Billion)

6. Global Farming as a Service Market, by Delivery Model

6.1. Key Findings
6.2. Introduction
- 6.2.1. Global Farming as a Service Market, by Delivery Model, 2019-2032 (USD Billion)
6.3. Subscription
- 6.3.1. Global Farming as a Service Market, by Subscription, by Region, 2019-2032 (USD Billion)
6.4. Pay-per-use
- 6.4.1. Global Farming as a Service Market, by Pay-per-use, by Region, 2019-2032 (USD Billion)

7. Global Farming as a Service Market, by End-User

7.1. Key Findings
7.2. Introduction
- 7.2.1. Global Farming as a Service Market, by End-User, 2019-2032 (USD Billion)
7.3. Corporate
- 7.3.1. Global Farming as a Service Market, by Corporate, by Region, 2019-2032 (USD Billion)
7.4. Financial Institutions
- 7.4.1. Global Farming as a Service Market, by Financial Institutions, by Region, 2019-2032 (USD Billion)
7.5. Advisory Bodies
- 7.5.1. Global Farming as a Service Market, by Advisory Bodies, by Region, 2019-2032 (USD Billion)
7.6. Farmers
- 7.6.1. Global Farming as a Service Market, by Farmers, by Region, 2019-2032 (USD Billion)
7.7. Government
- 7.7.1. Global Farming as a Service Market, by Government, by Region, 2019-2032 (USD Billion)

8. Global Farming as a Service Market, by Geography

8.1. Key Findings
8.2. Introduction
- 8.2.1. Farming as a Service Market Assessment, By Geography, 2019-2032 (USD Billion)
8.3. Farming as a Service Market - North America
- 8.3.1. North America: Farming as a Service Market, by Service Type, 2019-2032 (USD Billion)
- 8.3.2. North America: Farming as a Service Market, by Delivery Model, 2019-2032 (USD Billion)
- 8.3.3. North America: Farming as a Service Market, by End-User, 2019-2032 (USD Billion)
- 8.3.4. Farming as a Service Market - U.S.
  - 8.3.4.1. U.S.: Farming as a Service Market, by Service Type, 2019-2032 (USD Billion)
  - 8.3.4.2. U.S.: Farming as a Service Market, by Delivery Model, 2019-2032 (USD Billion)
  - 8.3.4.3. U.S.: Farming as a Service Market, by End-User, 2019-2032 (USD Billion)
- 8.3.5. Farming as a Service Market - Canada
  - 8.3.5.1. Canada: Farming as a Service Market, by Service Type, 2019-2032 (USD Billion)
  - 8.3.5.2. Canada: Farming as a Service Market, by Delivery Model, 2019-2032 (USD Billion)
  - 8.3.5.3. Canada: Farming as a Service Market, by End-User, 2019-2032 (USD Billion)
8.4. Farming as a Service Market - Europe
- 8.4.1. Europe: Farming as a Service Market, by Service Type, 2019-2032 (USD Billion)
- 8.4.2. Europe: Farming as a Service Market, by Delivery Model, 2019-2032 (USD Billion)
- 8.4.3. Europe: Farming as a Service Market, by End-User, 2019-2032 (USD Billion)
- 8.4.4. Farming as a Service Market - UK
  - 8.4.4.1. UK: Farming as a Service Market, by Service Type, 2019-2032 (USD Billion)
  - 8.4.4.2. UK: Farming as a Service Market, by Delivery Model, 2019-2032 (USD Billion)
  - 8.4.4.3. UK: Farming as a Service Market, by End-User, 2019-2032 (USD Billion)
- 8.4.5. Farming as a Service Market - France
  - 8.4.5.1. France: Farming as a Service Market, by Service Type, 2019-2032 (USD Billion)
  - 8.4.5.2. France: Farming as a Service Market, by Delivery Model, 2019-2032 (USD Billion)
  - 8.4.5.3. France: Farming as a Service Market, by End-User, 2019-2032 (USD Billion)
- 8.4.6. Farming as a Service Market - Germany
  - 8.4.6.1. Germany: Farming as a Service Market, by Service Type, 2019-2032 (USD Billion)
  - 8.4.6.2. Germany: Farming as a Service Market, by Delivery Model, 2019-2032 (USD Billion)
  - 8.4.6.3. Germany: Farming as a Service Market, by End-User, 2019-2032 (USD Billion)
- 8.4.7. Farming as a Service Market - Italy
  - 8.4.7.1. Italy: Farming as a Service Market, by Service Type, 2019-2032 (USD Billion)
  - 8.4.7.2. Italy: Farming as a Service Market, by Delivery Model, 2019-2032 (USD Billion)
  - 8.4.7.3. Italy: Farming as a Service Market, by End-User, 2019-2032 (USD Billion)
- 8.4.8. Farming as a Service Market - Spain
  - 8.4.8.1. Spain: Farming as a Service Market, by Service Type, 2019-2032 (USD Billion)
  - 8.4.8.2. Spain: Farming as a Service Market, by Delivery Model, 2019-2032 (USD Billion)
  - 8.4.8.3. Spain: Farming as a Service Market, by End-User, 2019-2032 (USD Billion)
- 8.4.9. Farming as a Service Market - Netherlands
  - 8.4.9.1. Netherlands: Farming as a Service Market, by Service Type, 2019-2032 (USD Billion)
  - 8.4.9.2. Netherlands: Farming as a Service Market, by Delivery Model, 2019-2032 (USD Billion)
  - 8.4.9.3. Netherlands: Farming as a Service Market, by End-User, 2019-2032 (USD Billion)
- 8.4.10. Farming as a Service Market - Russia
  - 8.4.10.1. Russia: Farming as a Service Market, by Service Type, 2019-2032 (USD Billion)
  - 8.4.10.2. Russia: Farming as a Service Market, by Delivery Model, 2019-2032 (USD Billion)
  - 8.4.10.3. Russia: Farming as a Service Market, by End-User, 2019-2032 (USD Billion)
- 8.4.11. Farming as a Service Market - Rest of Europe
  - 8.4.11.1. Rest of Europe: Farming as a Service Market, by Service Type, 2019-2032 (USD Billion)
  - 8.4.11.2. Rest of Europe: Farming as a Service Market, by Delivery Model, 2019-2032 (USD Billion)
  - 8.4.11.3. Rest of Europe: Farming as a Service Market, by End-User, 2019-2032 (USD Billion)
8.5. Farming as a Service Market - Asia Pacific
- 8.5.1. Asia Pacific: Farming as a Service Market, by Service Type, 2019-2032 (USD Billion)
- 8.5.2. Asia Pacific: Farming as a Service Market, by Delivery Model, 2019-2032 (USD Billion)
- 8.5.3. Asia Pacific: Farming as a Service Market, by End-User, 2019-2032 (USD Billion)
- 8.5.4. Farming as a Service Market - China
  - 8.5.4.1. China: Farming as a Service Market, by Service Type, 2019-2032 (USD Billion)
  - 8.5.4.2. China: Farming as a Service Market, by Delivery Model, 2019-2032 (USD Billion)
  - 8.5.4.3. China: Farming as a Service Market, by End-User, 2019-2032 (USD Billion)
- 8.5.5. Farming as a Service Market - India
  - 8.5.5.1. India: Farming as a Service Market, by Service Type, 2019-2032 (USD Billion)
  - 8.5.5.2. India: Farming as a Service Market, by Delivery Model, 2019-2032 (USD Billion)
  - 8.5.5.3. India: Farming as a Service Market, by End-User, 2019-2032 (USD Billion)
- 8.5.6. Farming as a Service Market - Malaysia
  - 8.5.6.1. Malaysia: Farming as a Service Market, by Service Type, 2019-2032 (USD Billion)
  - 8.5.6.2. Malaysia: Farming as a Service Market, by Delivery Model, 2019-2032 (USD Billion)
  - 8.5.6.3. Malaysia: Farming as a Service Market, by End-User, 2019-2032 (USD Billion)
- 8.5.7. Farming as a Service Market - Japan
  - 8.5.7.1. Japan: Farming as a Service Market, by Service Type, 2019-2032 (USD Billion)
  - 8.5.7.2. Japan: Farming as a Service Market, by Delivery Model, 2019-2032 (USD Billion)
  - 8.5.7.3. Japan: Farming as a Service Market, by End-User, 2019-2032 (USD Billion)
- 8.5.8. Farming as a Service Market - Indonesia
  - 8.5.8.1. Indonesia: Farming as a Service Market, by Service Type, 2019-2032 (USD Billion)
  - 8.5.8.2. Indonesia: Farming as a Service Market, by Delivery Model, 2019-2032 (USD Billion)
  - 8.5.8.3. Indonesia: Farming as a Service Market, by End-User, 2019-2032 (USD Billion)
- 8.5.9. Farming as a Service Market - South Korea
  - 8.5.9.1. South Korea: Farming as a Service Market, by Service Type, 2019-2032 (USD Billion)
  - 8.5.9.2. South Korea: Farming as a Service Market, by Delivery Model, 2019-2032 (USD Billion)
  - 8.5.9.3. South Korea: Farming as a Service Market, by End-User, 2019-2032 (USD Billion)
- 8.5.10. Farming as a Service Market - Australia
  - 8.5.10.1. Australia: Farming as a Service Market, by Service Type, 2019-2032 (USD Billion)
  - 8.5.10.2. Australia: Farming as a Service Market, by Delivery Model, 2019-2032 (USD Billion)
  - 8.5.10.3. Australia: Farming as a Service Market, by End-User, 2019-2032 (USD Billion)
- 8.5.11. Farming as a Service Market - Rest of Asia Pacific
  - 8.5.11.1. Rest of Asia Pacific: Farming as a Service Market, by Service Type, 2019-2032 (USD Billion)
  - 8.5.11.2. Rest of Asia Pacific: Farming as a Service Market, by Delivery Model, 2019-2032 (USD Billion)
  - 8.5.11.3. Rest of Asia Pacific: Farming as a Service Market, by End-User, 2019-2032 (USD Billion)
8.6. Farming as a Service Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Farming as a Service Market, by Service Type, 2019-2032 (USD Billion)
- 8.6.2. Middle East & Africa: Farming as a Service Market, by Delivery Model, 2019-2032 (USD Billion)
- 8.6.3. Middle East & Africa: Farming as a Service Market, by End-User, 2019-2032 (USD Billion)
- 8.6.4. Farming as a Service Market - Saudi Arabia
  - 8.6.4.1. Saudi Arabia: Farming as a Service Market, by Service Type, 2019-2032 (USD Billion)
  - 8.6.4.2. Saudi Arabia: Farming as a Service Market, by Delivery Model, 2019-2032 (USD Billion)
  - 8.6.4.3. Saudi Arabia: Farming as a Service Market, by End-User, 2019-2032 (USD Billion)
- 8.6.5. Farming as a Service Market - UAE
  - 8.6.5.1. UAE: Farming as a Service Market, by Service Type, 2019-2032 (USD Billion)
  - 8.6.5.2. UAE: Farming as a Service Market, by Delivery Model, 2019-2032 (USD Billion)
  - 8.6.5.3. UAE: Farming as a Service Market, by End-User, 2019-2032 (USD Billion)
- 8.6.6. Farming as a Service Market - Israel
  - 8.6.6.1. Israel: Farming as a Service Market, by Service Type, 2019-2032 (USD Billion)
  - 8.6.6.2. Israel: Farming as a Service Market, by Delivery Model, 2019-2032 (USD Billion)
  - 8.6.6.3. Israel: Farming as a Service Market, by End-User, 2019-2032 (USD Billion)
- 8.6.7. Farming as a Service Market - South Africa
  - 8.6.7.1. South Africa: Farming as a Service Market, by Service Type, 2019-2032 (USD Billion)
  - 8.6.7.2. South Africa: Farming as a Service Market, by Delivery Model, 2019-2032 (USD Billion)
  - 8.6.7.3. South Africa: Farming as a Service Market, by End-User, 2019-2032 (USD Billion)
- 8.6.8. Farming as a Service Market - Rest of Middle East & Africa
  - 8.6.8.1. Rest of Middle East & Africa: Farming as a Service Market, by Service Type, 2019-2032 (USD Billion)
  - 8.6.8.2. Rest of Middle East & Africa: Farming as a Service Market, by Delivery Model, 2019-2032 (USD Billion)
  - 8.6.8.3. Rest of Middle East & Africa: Farming as a Service Market, by End-User, 2019-2032 (USD Billion)
8.7. Farming as a Service Market - Latin America
- 8.7.1. Latin America: Farming as a Service Market, by Service Type, 2019-2032 (USD Billion)
- 8.7.2. Latin America: Farming as a Service Market, by Delivery Model, 2019-2032 (USD Billion)
- 8.7.3. Latin America: Farming as a Service Market, by End-User, 2019-2032 (USD Billion)
- 8.7.4. Farming as a Service Market - Mexico
  - 8.7.4.1. Mexico: Farming as a Service Market, by Service Type, 2019-2032 (USD Billion)
  - 8.7.4.2. Mexico: Farming as a Service Market, by Delivery Model, 2019-2032 (USD Billion)
  - 8.7.4.3. Mexico: Farming as a Service Market, by End-User, 2019-2032 (USD Billion)
- 8.7.5. Farming as a Service Market - Brazil
  - 8.7.5.1. Brazil: Farming as a Service Market, by Service Type, 2019-2032 (USD Billion)
  - 8.7.5.2. Brazil: Farming as a Service Market, by Delivery Model, 2019-2032 (USD Billion)
  - 8.7.5.3. Brazil: Farming as a Service Market, by End-User, 2019-2032 (USD Billion)
- 8.7.6. Farming as a Service Market - Argentina
  - 8.7.6.1. Argentina: Farming as a Service Market, by Service Type, 2019-2032 (USD Billion)
  - 8.7.6.2. Argentina: Farming as a Service Market, by Delivery Model, 2019-2032 (USD Billion)
  - 8.7.6.3. Argentina: Farming as a Service Market, by End-User, 2019-2032 (USD Billion)
- 8.7.7. Farming as a Service Market - Rest of Latin America
  - 8.7.7.1. Rest of Latin America: Farming as a Service Market, by Service Type, 2019-2032 (USD Billion)
  - 8.7.7.2. Rest of Latin America: Farming as a Service Market, by Delivery Model, 2019-2032 (USD Billion)
  - 8.7.7.3. Rest of Latin America: Farming as a Service Market, by End-User, 2019-2032 (USD Billion)

9. Competitive Landscape

9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
9.2. Partnerships/Collaborations/Agreements/Exhibitions

10. Company Profiles

10.1. Accenture
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
10.2. Apollo Agriculture
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
10.3. BigHaat
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
10.4. EM3
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
10.5. IBM
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
10.6. ITC
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
10.7. John Deere
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
10.8. Mahindra & Mahindra Ltd.
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
10.9. Precision Hawk
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
10.10. Taranis
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development
10.11. Trimble Inc.
- 10.11.1. Company Overview
- 10.11.2. Financial Performance
- 10.11.3. Product Benchmarking
- 10.11.4. Recent Development