Agriculture Technology-as-a-Service Market Size is Expected to total US$ 3796.1

1. Market Research Report EXCLUSIVE EDITION Global Agriculture Technology-as-a- Service Market Report Opportunities, and Forecast By 2030 Global Industry Analysis, Forecast and Trends, 2022-2030 © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1 (646) 663-5829 | +91-702-496-8807

2. Agriculture Technology-as-a-Service Market © 2020 Statsville Consulting Private Limited Market Statsville Group (MSG) A part of Statsville Consulting Private Limited American Office American Office – 800 Third Avenue Suite A #1519 New York, NY 10022 EMEA EMEA– 1165 Budapest 16 Diósy Lajos u. 24., Europe Asia Asia- -Pacific Office Pacific Office – F-178 Subhash Marg C Scheme, Ashok Nagar, Jaipur, Rajasthan, 302001 www.marketstatsville.com Disclaimer Disclaimer: : Any information and/or material provided by Statsville Consulting Private Limited, including any and all the analysis and/or research from Market Statsville Group (MSG), is offered to a selected group of customers in response to orders for such information, material, analysis, and/or research. As a customer of Statsville Consulting, you acknowledge that our information, material, and/or services are for your internal use only, and not for any external use and/or dissemination, or general publication, and/or disclosure to any third parties. Any and all the information and/or material provided by Statsville Consulting are based on primary interviews and/or secondary research, and are, therefore, subject to fluctuation and variance. Statsville Consulting takes no responsibility for any incorrect information and/or material supplied to us by sources we rely on, and no part of our analysis or research may be given, lent, resold, or disclosed to any third parties, including non-customers, without explicit or written permission from Statsville Consulting. Unauthorized reproduction and/or transmission of our information, material, analysis, and/or research in any form and by any means, including photocopying, mechanical/electronic recording,or otherwise, without the explicit and written permission of Statsville Consulting, is expressly and clearly prohibited. Any use of the information, material, analysis, and/or research provided by Statsville Consulting is at your sole risk; you acknowledge that the information, material, analysis, and/or research is provided “as is” and that Statsville Consulting provides no warranty of any kind, express or implied, with regard to the information, material, analysis, and/or research, including but not limited to, merchantability and fitness for any purpose and/or use. At the end, Statsville Consulting will be responsiblefor the final decision of any action. © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1 (646) 663-5829 | +91-702-496-8807

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5. Agriculture Technology-as-a-Service Market 2021: Industry Size, Regions, Emerging Trends, Growth Insights, Development Scenario, Opportunities, and Forecast By 2027 Agriculture Technology-as-a-Service Market by Product (SaaS and EaaS), by Application (Yield Mapping and Monitoring, Soil Management, Crop Health Management, Navigation, and Positioning), by Technology, by Region – Global Share and Forecast to 2027 Description The global agriculture technology-as-a-service market size is expected to grow from USD 1,101.6 million in 2020 to USD 3796.1 million by 2027, at a CAGR of 22.9% from 2021 to 2027. Agriculture technologies are offered as a service for various agriculture applications covering the entire farming cycle, including data management, soil management, yield mapping, monitoring, spraying, harvesting, and planting. With an estimated 80 million people being added to the world’s population every year, the demand for essential ingredients that fulfill their daily needs, such as food, is expected to grow manifold. Subsequently, improvement in the standard of living of the rising urban population worldwide has led to an increased demand for fresh crop produce and animal protein. Increasing demand for food production globally, along with the pressure of providing a constant supply of high-quality farm produce, has formed an alarming situation for the farmers worldwide, who are struggling to increase production per hectare. Moreover, shrinking agricultural lands and scarcity of availability of natural resources raises the urgency to resolve the concern. © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1 (646) 663-5829 | +91-702-496-8807

6. The concerns and pressure on the agriculture industry, factored by the growing demand for global food production, prompt the growers to enhance farm profitability despite slowing yield trends in several staple crops. As advancements across end-user industries lead to an efficient world, the agriculture industry gradually incorporates smart technologies on farms for profitable farming. With the introduction of information and communication technologies and advancements therein in the past decade, the agriculture industry has witnessed a revolution. Professionals and experts worldwide are comparing this revolution with the process in the previous century when new farm equipment and machinery, fertilizers, high-yield crops, and pesticides breeds led to dynamic growth in crop production around the globe. Request Sample Copy of this Report: https://www.marketstatsville.com/request-sample/agriculture- technology-as-a-service-market High growth in the market is probable to be driven by the growing need to adapt agriculture technologies across the industry, conversion of capital spending into operational expenditure for customers, and greater customer retention for facility providers. The extra benefits of lower costs, integration, accessibility, and scalability associated with ATaaS are also anticipated to be responsible for the reported development of the business model. Agriculture is the basis of livelihood and sustenance of the economy in several regions of the world. Global Agriculture Technology-as-a-Service Market Dynamics © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1 (646) 663-5829 | +91-702-496-8807 6

7. Drivers: Increasing Demand for Global Food Production According to the FAO (Food and Agriculture Organization) projections of the United Nations (UN), by 2050, the worldwide population of 9.1 billion people would require overall food production to double from 2005. In contrast, the arable land could not be expanded to more than 5%. The demand for food is growing exponentially, and farmers face constant pressure from society to keep up with the demand. With 90% of the growth in the global crop production being dependent on increased cropping intensity and higher yields, the role of agriculture technology practices and equipment has risen to become a necessity for the agriculture industry. Agriculture technology services are being intensively introduced to improve agricultural productivity. Some of the prominent technology services utilized by farmers worldwide include farm management software, agriculture drones, agriculture robots, precision irrigation equipment, and remote sensing. Challenges: Price Inflation of Agricultural Produce The inflation of prices in the agriculture and food commodity market directly impacts the income of farmers, which is flexible, as it depends on the number of products sold. An increase in the price of inputs for the grower leads to overall growth in the cost of supplies sold. Even with government subsidies and low import duties, costly inputs in agriculture eventually reflect in the final agricultural commodity. Higher inflation of food prices causes low farmer incomes, which ultimately leads to the farmers cutting down on the costs of production, which does not fall in line with high capital investment and maintenance costs of using agriculture technologies in agriculture. Governments and associations need to find ways to allow technological inclusion in agriculture actively. © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1 (646) 663-5829 | +91-702-496-8807 7

8. Opportunities: Growth of Agriculture Service Economy With the exponentially growing population worldwide, the subsequent rise in global demand for food, depletion of finite natural resources, and shrinking agricultural lands, the need to enhance farm yield has become critical. Factors such as the increase in the urban population in developing countries with the enhancement of quality of living due to high-income levels and increased demand for animal protein and fresh crop produce are growing the market for crop production. Limited availability of raw materials such as fresh water and arable land and slowing yield trend in some staple crops have prompted farmers and the farming sector to introduce innovative and advanced smart agriculture techniques and technologies to enhance farm profitability. The growth in the agriculture service economy can aid entrepreneurs in adopting the service business model with opportunities to build scalable businesses which can be relevant globally. The increase in the number of companies and start-ups with agriculture technology-as-a-service business models is expected to generate a high influx of funds to this sector. Scope of the Report The study categorizes the agriculture technology-as-a-service market based on product, application, technology, and regions. Direct Purchase Report: https://www.marketstatsville.com/buy-now/agriculture-technology-as-a-service- market?opt=2950 By Product Outlook (Revenue, USD Million, 2017-2027) •Software-as-a-Service (SaaS) •Equipment-as-a-Service (EaaS) By Application Outlook (Revenue, USD Million, 2017-2027) •Yield Mapping and Monitoring •Soil Management •Crop Health Management •Navigation and Positioning •Others © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1 (646) 663-5829 | +91-702-496-8807 8

9. The applications can be classified as yield mapping and monitoring, soil management, crop health management, navigation & positioning, etc. In terms of value, the yield mapping and monitoring application dominated the global agriculture technology-as-a-service market (by application) in 2020. High market share and growth potential associated with yield mapping and monitoring as an agriculture technology-as-a-service application is attributed to the growing need to understand the yield pattern before applying any agriculture technology and wide adoption of software-as-a-service business model. Access full Report Description, TOC, Table of Figure, Chart, etc: https://www.marketstatsville.com/table-of-content/agriculture-technology-as-a- service-market Yield mapping products are comparatively new to the agriculture industry, thus offering these products as a service allows the agriculture companies and growers to test the product's viability through essentially affordable initial investment. These are a few primary reasons behind the higher adoption of yield mapping and monitoring products under the global agriculture technology-as-a-service market. Amongst other applications, soil management is valued at the second position in terms of the highest market share. Companies such as SGS and Intertek offer agriculture technology as a service for soil management. © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1 (646) 663-5829 | +91-702-496-8807 9

10. Asia Pacific accounts for the highest CAGR during the forecast period The geographical analysis of the global agriculture technology-as-a-service market concerning different regions, namely North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. Globally, Asia Pacific is probable to hold the highest CAGR in the global agriculture technology-as-a-service market during the forecast period. As per the United Nations, over 60% of the world's population lives in the Asia-Pacific region, which is expected to grow exponentially, leading to concerns about food insufficiency. In the Asia-Pacific region, high population growth, increasing disposable incomes, and increased urbanization have increased consumption in the Asia Pacific region. Henceforth, farmers in the region are now concentrating on rising crop yields and providing an all-year supply of agricultural products to satisfy the increasing demand for food. Several countries in the region have experienced the growing adoption of technology. Although the current rate is sluggish, it is anticipated that acceptance will increase at a tremendous pace with rising awareness and growing food demand. Request For Report Description: https://www.marketstatsville.com/agriculture- technology-as-a-service-market © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1 (646) 663-5829 | +91-702-496-8807 10

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