The Farming as a Service Market is expected to witness significant growth due to increasing adoption of precision agriculture techniques, which help in maximizing crop yield and minimizing resource wastage. Additionally, the rising demand for organic produce and the availability of government subsidies to promote sustainable farming practices are also driving the growth of the market.
Industry
Report Coverage | Details |
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Segments Covered | Services, Delivery Model, End Use |
Regions Covered | • North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA) |
Company Profiled | Accenture, John Deere, AGCO, Trimble, Ag Junction, Precision hawk, AgEagle, ITC, Farmers Edge Inc |
The high initial investment required for setting up precision farming infrastructure and the lack of awareness among farmers about the benefits of farming as a service are acting as major restraints for the market. Nevertheless, as technological advancements continue to make precision farming more accessible and cost-effective, these restraints are expected to be mitigated in the near future.