Farming As a Service Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)
Farming As a Service Market is segmented By Services (Farm Management Solutions, Production Assistance, Access to Markets), By Delivery Model (Subscri....
Farming As a Service Market Size
Market Size in USD
CAGR15.1
| Study Period | 2024 - 2031 |
| Base Year of Estimation | 2023 |
| CAGR | 15.1 |
| Market Concentration | High |
| Major Players | Accenture, John Deere, AGCO Corporation, Trimble, Ag Junction |
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Farming As a Service Market Analysis
The Global Farming As a Service Market is estimated to be valued at USD 4.12 Bn in 2024 and is expected to reach USD 16.7 Bn by 2031, growing at a compound annual growth rate (CAGR) of 15.1% from 2024 to 2031. This rapid growth can be attributed to the rising need for innovation in agricultural operations to improve crop yields and optimize resource use.
The market is expected to witness significant growth over the forecast period due to increasing demand for cloud-based farming solutions from growers. Rising use of advanced technologies like artificial intelligence, machine learning and IoT sensors is also fueling the adoption of farming as a service. Key players are focusing on offering subscription-based cloud models and pay-as-you-go pricing structures to gain more customers and tap the growth potential in this space.