North America Agriculture Technology As A Service Market Forecast 2023-2032

The North America Agriculture Technology as a Service market is expected to grow at a CAGR of 16.44% during the forecast period 2023-2032. The continuous growth in hybrid crop production and the ongoing technological advancements in agriculture present substantial opportunities for market expansion.

MARKET INSIGHTS

In order to estimate the growth of North America agriculture technology as a service market, Canada and the United States are assessed. In 2021, there were 2.01 million farms in the United States, occupying 895 million acres of land, with a 445-acre average farm size, according to a recent assessment by the USDA Economic Research Service. By 2050, the USDA aims to boost agricultural output in the country by 40% while halving its impact on the environment. The National Institute of Food and Agriculture (NIFA) Sustainable Agriculture System initiative, which the USDA announced investment under, will invest roughly $146 million in sustainable agriculture research projects to build and enhance the country's climate-smart food and agriculture system.

In Canada, a survey from February 2022 found that in order to help farmers control and minimize the climate effect of their agricultural activities, the government allocated $182.7 million to partner groups through the Ontario Soil and Crop Improvement Association. The need for agriculture technology as a service market in Canada has expanded as a result of such government initiatives and programs to strengthen the entire agriculture sector. A significant part of the Canadian economy is contributed by the agriculture and agri-food sector. The agriculture sector contributed $134.9 billion, or approximately 6.8%, of Canada's GDP. Hence, these factors are set to boost the market growth in North America during the forecast period.

COMPETITIVE INSIGHTS

Some of the leading firms in the market are: Deere & Company, AGCO Corporation, etc.

Our report offerings include:

Explore key findings of the overall market
Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
Market Segmentation caters to a thorough assessment of key segments with their market estimations
Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments

Product Code: 71727

1. RESEARCH SCOPE & METHODOLOGY

1.1. STUDY OBJECTIVES
1.2. METHODOLOGY
1.3. ASSUMPTIONS & LIMITATIONS

2. EXECUTIVE SUMMARY

2.1. MARKET SIZE & ESTIMATES
2.2. MARKET OVERVIEW
2.3. SCOPE OF STUDY
2.4. CRISIS SCENARIO ANALYSIS
2.5. MAJOR MARKET FINDINGS
- 2.5.1. AUTOMATION IS BECOMING AN INTEGRAL PART OF THE AGRICULTURAL SECTOR
- 2.5.2. RISE OF CORPORATE FARMING IN THE REGION
- 2.5.3. CONCERNS REGARDING DATA PRIVACY AND DATA OWNERSHIP

3. MARKET DYNAMICS

3.1. KEY DRIVERS
- 3.1.1. INCREASED DEMAND FOR FOOD PRODUCTION
- 3.1.2. ECONOMIC NECESSITY OF PRECISION AGRICULTURE
- 3.1.3. NEED FOR MINIMAL CAPITAL INVESTMENT
- 3.1.4. INNOVATION AND TECHNOLOGICAL ADVANCEMENTS IN AGRICULTURE
3.2. KEY RESTRAINTS
- 3.2.1. LACK OF TECHNICAL EXPERTISE AMONG FARMERS
- 3.2.2. POOR CONNECTIVITY IMPACTS TECHNOLOGICAL SERVICES

4. KEY ANALYTICS

4.1. KEY MARKET TRENDS
4.2. PORTER'S FIVE FORCES ANALYSIS
- 4.2.1. BUYERS POWER
- 4.2.2. SUPPLIERS POWER
- 4.2.3. SUBSTITUTION
- 4.2.4. NEW ENTRANTS
- 4.2.5. INDUSTRY RIVALRY
4.3. GROWTH PROSPECT MAPPING
4.4. MARKET CONCENTRATION ANALYSIS
4.5. KEY BUYING CRITERIA
- 4.5.1. DATA ANALYSIS
- 4.5.2. CONNECTIVITY
- 4.5.3. DATA SECURITY
- 4.5.4. DATA COLLECTION FREQUENCY

5. MARKET BY TECHNOLOGY

5.1. DATA ANALYTICS & INTELLIGENCE
5.2. GUIDANCE TECHNOLOGY
5.3. SENSING TECHNOLOGY
5.4. VARIABLE RATE APPLICATION TECHNOLOGY
5.5. OTHER TECHNOLOGIES

6. MARKET BY TYPE

6.1. SOFTWARE AS A SERVICE (SAAS)
6.2. EQUIPMENT AS A SERVICE (EAAS)

7. MARKET BY APPLICATION

7.1. YIELD MAPPING AND MONITORING
7.2. SOIL MANAGEMENT
7.3. CROP HEALTH MANAGEMENT
7.4. NAVIGATION AND POSITIONING
7.5. OTHER APPLICATIONS

8. GEOGRAPHICAL ANALYSIS

8.1. NORTH AMERICA
- 8.1.1. MARKET SIZE & ESTIMATES
- 8.1.2. NORTH AMERICA AGRICULTURE TECHNOLOGY AS A SERVICE MARKET DRIVERS
- 8.1.3. NORTH AMERICA AGRICULTURE TECHNOLOGY AS A SERVICE MARKET CHALLENGES
- 8.1.4. KEY PLAYERS IN NORTH AMERICA AGRICULTURE TECHNOLOGY AS A SERVICE MARKET
- 8.1.5. COUNTRY ANALYSIS
  - 8.1.5.1. UNITED STATES
  - 8.1.5.1.1. UNITED STATES AGRICULTURE TECHNOLOGY AS A SERVICE MARKET SIZE & OPPORTUNITIES
  - 8.1.5.2. CANADA
  - 8.1.5.2.1. CANADA AGRICULTURE TECHNOLOGY AS A SERVICE MARKET SIZE & OPPORTUNITIES

9. COMPETITIVE LANDSCAPE

9.1. KEY STRATEGIC DEVELOPMENTS
- 9.1.1. PRODUCT LAUNCHES & DEVELOPMENTS
- 9.1.2. PARTNERSHIPS AND AGREEMENTS
- 9.1.3. MERGERS & ACQUISITIONS
9.2. COMPANY PROFILES
- 9.2.1. ACCENTURE
  - 9.2.1.1. COMPANY OVERVIEW
  - 9.2.1.2. PRODUCTS / SERVICES LIST
  - 9.2.1.3. STRENGTHS & CHALLENGES
- 9.2.2. AGCO CORPORATION
  - 9.2.2.1. COMPANY OVERVIEW
  - 9.2.2.2. PRODUCTS / SERVICES LIST
  - 9.2.2.3. STRENGTHS & CHALLENGES
- 9.2.3. AGRIVI LTD
  - 9.2.3.1. COMPANY OVERVIEW
  - 9.2.3.2. PRODUCTS / SERVICES LIST
- 9.2.4. AIRBUS SAS
  - 9.2.4.1. COMPANY OVERVIEW
  - 9.2.4.2. PRODUCTS / SERVICES LIST
  - 9.2.4.3. STRENGTHS & CHALLENGES
- 9.2.5. AT&T
  - 9.2.5.1. COMPANY OVERVIEW
  - 9.2.5.2. PRODUCTS / SERVICES LIST
  - 9.2.5.3. STRENGTHS & CHALLENGES
- 9.2.6. CERES IMAGING
  - 9.2.6.1. COMPANY OVERVIEW
  - 9.2.6.2. PRODUCTS / SERVICES LIST
- 9.2.7. CLAAS KGAA MBH
  - 9.2.7.1. COMPANY OVERVIEW
  - 9.2.7.2. PRODUCTS / SERVICES LIST
  - 9.2.7.3. STRENGTHS & CHALLENGES
- 9.2.8. DEERE & COMPANY
  - 9.2.8.1. COMPANY OVERVIEW
  - 9.2.8.2. PRODUCTS / SERVICES LIST
  - 9.2.8.3. STRENGTHS & CHALLENGES
- 9.2.9. FUJITSU
  - 9.2.9.1. COMPANY OVERVIEW
  - 9.2.9.2. PRODUCTS / SERVICES LIST
  - 9.2.9.3. STRENGTHS & CHALLENGES
- 9.2.10. HEXAGON AB
  - 9.2.10.1. COMPANY OVERVIEW
  - 9.2.10.2. PRODUCTS / SERVICES LIST
  - 9.2.10.3. STRENGTHS & CHALLENGES
- 9.2.11. IBM CORPORATION
  - 9.2.11.1. COMPANY OVERVIEW
  - 9.2.11.2. PRODUCTS / SERVICES LIST
  - 9.2.11.3. STRENGTHS & CHALLENGES
- 9.2.12. MICROSOFT CORPORATION
  - 9.2.12.1. COMPANY OVERVIEW
  - 9.2.12.2. PRODUCTS / SERVICES LIST
  - 9.2.12.3. STRENGTHS & CHALLENGES
- 9.2.13. RAVEN INDUSTRIES (ACQUIRED BY CNH INDUSTRIAL NV)
  - 9.2.13.1. COMPANY OVERVIEW
  - 9.2.13.2. PRODUCTS / SERVICES LIST
  - 9.2.13.3. STRENGTHS & CHALLENGES
- 9.2.14. TOPCON CORPORATION
  - 9.2.14.1. COMPANY OVERVIEW
  - 9.2.14.2. PRODUCTS / SERVICES LIST
  - 9.2.14.3. STRENGTHS & CHALLENGES
- 9.2.15. TRIMBLE INC
  - 9.2.15.1. COMPANY OVERVIEW
  - 9.2.15.2. PRODUCTS / SERVICES LIST
  - 9.2.15.3. STRENGTHS & CHALLENGES

Product Code: 71727

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT - AGRICULTURE TECHNOLOGY AS A SERVICE
TABLE 2: NORTH AMERICA AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY TECHNOLOGY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 3: NORTH AMERICA AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY TECHNOLOGY, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 4: NORTH AMERICA AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 5: NORTH AMERICA AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY TYPE, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 6: NORTH AMERICA AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 7: NORTH AMERICA AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY APPLICATION, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 8: NORTH AMERICA AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 9: NORTH AMERICA AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 10: LEADING PLAYERS OPERATING IN NORTH AMERICA AGRICULTURE TECHNOLOGY AS A SERVICE MARKET
TABLE 11: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 12: LIST OF PARTNERSHIPS AND AGREEMENTS
TABLE 13: LIST OF MERGERS & ACQUISITIONS

LIST OF FIGURES

FIGURE 1: KEY TECHNOLOGY TRENDS
FIGURE 2: PORTER'S FIVE FORCES ANALYSIS
FIGURE 3: GROWTH PROSPECT MAPPING FOR NORTH AMERICA
FIGURE 4: MARKET MATURITY ANALYSIS
FIGURE 5: MARKET CONCENTRATION ANALYSIS
FIGURE 6: KEY BUYING CRITERIA
FIGURE 7: NORTH AMERICA AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, GROWTH POTENTIAL, BY TECHNOLOGY, IN 2022
FIGURE 8: NORTH AMERICA AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY DATA ANALYTICS & INTELLIGENCE, 2023-2032 (IN $ MILLION)
FIGURE 9: NORTH AMERICA AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY GUIDANCE TECHNOLOGY, 2023-2032 (IN $ MILLION)
FIGURE 10: NORTH AMERICA AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY SENSING TECHNOLOGY, 2023-2032 (IN $ MILLION)
FIGURE 11: NORTH AMERICA AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY VARIABLE RATE APPLICATION TECHNOLOGY, 2023-2032 (IN $ MILLION)
FIGURE 12: NORTH AMERICA AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY OTHER TECHNOLOGIES, 2023-2032 (IN $ MILLION)
FIGURE 13: NORTH AMERICA AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, GROWTH POTENTIAL, BY TYPE, IN 2022
FIGURE 14: NORTH AMERICA AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY SOFTWARE AS A SERVICE (SAAS), 2023-2032 (IN $ MILLION)
FIGURE 15: NORTH AMERICA AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY EQUIPMENT AS A SERVICE (EAAS), 2023-2032 (IN $ MILLION)
FIGURE 16: NORTH AMERICA AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2022
FIGURE 17: NORTH AMERICA AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY YIELD MAPPING AND MONITORING, 2023-2032 (IN $ MILLION)
FIGURE 18: NORTH AMERICA AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY SOIL MANAGEMENT, 2023-2032 (IN $ MILLION)
FIGURE 19: NORTH AMERICA AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY CROP HEALTH MANAGEMENT, 2023-2032 (IN $ MILLION)
FIGURE 20: NORTH AMERICA AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY NAVIGATION AND POSITIONING, 2023-2032 (IN $ MILLION)
FIGURE 21: NORTH AMERICA AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY OTHER APPLICATIONS, 2023-2032 (IN $ MILLION)
FIGURE 22: NORTH AMERICA AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN %)
FIGURE 23: UNITED STATES AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, 2023-2032 (IN $ MILLION)
FIGURE 24: CANADA AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, 2023-2032 (IN $ MILLION)