Market by Technology (Data analytics & intelligence, Guidance technology, Sensing technology, Variable rate application technology, Other technologies), Type (Software As A Service (SAAS), Equipment As A Service (EAAS)), Application (Yield mapping and monitoring, Soil management, Crop health management, Navigation and positioning, Other applications), and Country Outlook | Forecast 2024-2032
Triton’s research analysis states that the agriculture technology as a service market in North America is expected to garner revenue at a CAGR of 15.13% during the forecast period 2024-2032.
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As per EPA, US farms provide nearly 25% of the world’s supply of grains, including wheat, corn, and rice, thereby contributing around $300 billion to its economy each year. This uptrend contributes to the development of the agriculture sector in North America. Thus, the demand for advanced agricultural technologies in this region is driven by trends favoring the adoption of IoT systems and advanced farming equipment. Additionally, a steady increase in hybrid crop production and AI-enabled precision farming techniques offer significant opportunities for market expansion.
The countries researched in this region include:
The United States holds the largest market share, achieving around $590.23 million in 2023.
A recent USDA Economic Research Service survey reported 1.89 million farms in 2023 within the US, which reflects the pivotal role of adopting smart farming practices in the country.
In recent years, the US government has introduced a strategy for sustainable agriculture, including a $146 million investment through the USDA’s National Institute of Food and Agriculture (NIFA) Sustainable Agriculture System program.
This funding aims to support research projects that will develop and enhance a climate-smart food and agriculture system in the country, thereby widening the scope of the reviewed market.
Agriculture Technology as a Service Market Forecast for Canada
With 62.2 million hectares of farmland, the agriculture and agri-food sector is a significant contributor to the Canadian economy, accounting for approximately 6.8% of the country’s GDP. In previous years, the federal, provincial, and territorial (FPT) governments launched the Canadian Agricultural Partnership, a $3 billion five-year investment aimed at strengthening and expanding the agriculture and agri-food sector. Additionally, in February 2022, the government, through the Ontario Soil and Crop Improvement Association, invested $182.7 million in partner organizations to help farmers reduce emissions and mitigate the climate impact of agricultural activities. Such government initiatives have boosted the demand for agricultural technology as a service in Canada.
The studied market is categorized into type, technology, and application. The type segment comprises Software as a Service (SaaS) and Equipment as a Service (EaaS). EaaS is a business model where agricultural technology equipment is leased or offered under a pay-per-use payment plan at a lower cost than a one-time purchase. This service is provided for a set duration and includes remote diagnostics, predictive maintenance, and other related services like consulting and deployment.
Contender Analysis in the Agriculture Technology as a Service Market:
IBM is a leading provider of hybrid cloud, AI, and consulting services. It assists clients in leveraging data insights, streamlining business processes, reducing costs, and gaining a competitive edge in their industries. Several government and corporate entities utilize IBM’s hybrid cloud platform and Red Hat OpenShift for rapid, efficient, and secure digital transformations. It has business operations in over 175 countries and is headquartered in Armonk, New York, US.
IBM recently consulted Kubota, a Japan-based services and technology provider in the agriculture, water, and environmental sectors. IBM deployed the IBM Maximo Application Suite, running on Microsoft Cloud, to support the development of the Kubota Smart Infrastructure System (KSIS) BLUE FRONT. This new system aims to enhance the operating efficiency and maintenance of water and wastewater facilities.
The other important contenders in the agriculture technology as a service market are IBM Corporation, Microsoft Corporation, Agco Corporation, Topcon Corporation, CLAAS KGaA mbH, Trimble Inc, Raven Industries Inc, Fujitsu, Hexagon AB, and Deere and Company.
KEY DELIVERABLES OF THE REPORT:
Market CAGR during the forecasting years 2024-2032
Detailed data highlighting key insights, industry components, and market strategies
Comprehensive information and estimation of the agriculture technology as a service market revenue growth in North America and its influence on the parent market
In-depth study of forthcoming trends in consumer behavioral patterns
A meticulous analysis of the competitive landscape and Porter’s Five Forces
A wide-ranging study of factors that will challenge the North America agriculture technology as a service market’s growth during the upcoming years
Market by Technology (Data ana ..
VIEW REPORT1. NORTH
AMERICA AGRICULTURE TECHNOLOGY AS A SERVICE MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
ANALYSIS ON AGRICULTURE TECHNOLOGY AS A SERVICE MARKET
2.1.1. COVID-19
IMPACT ON AGRICULTURE TECHNOLOGY AS A SERVICE MARKET
2.2. PORTERS
FIVE FORCES ANALYSIS
2.2.1. THREAT
OF NEW ENTRANTS
2.2.2. THREAT
OF SUBSTITUTES
2.2.3. BARGAINING
POWER OF BUYERS
2.2.4. BARGAINING
POWER OF SUPPLIERS
2.2.5. THREAT
OF COMPETITIVE RIVALRY
2.3. KEY BUYING
IMPACT ANALYSIS
2.3.1. DATA
ANALYSIS
2.3.2. CONNECTIVITY
2.3.3. DATA
SECURITY
2.3.4. DATA
COLLECTION FREQUENCY
2.4. MARKET
ATTRACTIVENESS INDEX
2.5. KEY
MARKET STRATEGIES
2.5.1. COLLABORATIONS
2.5.2. PRODUCT
LAUNCHES
2.5.3. INVESTMENTS
& EXPANSIONS
2.6. MARKET
DRIVERS
2.6.1. NECESSITY
OF PRECISION AGRICULTURE FROM AN ECONOMIC STANDPOINT
2.6.2. MINIMAL
CAPITAL INVESTMENT FOR OPERATING SERVICES
2.6.3. SURGING
TECHNOLOGICAL INNOVATIONS AND ADVANCEMENTS IN AGRICULTURE
2.7. MARKET
CHALLENGES
2.7.1. INADEQUATE
TECHNICAL EXPERTISE AMONG FARMERS
2.7.2. LACK
OF CONNECTIVITY AFFECTING TECHNOLOGICAL
SERVICES
2.8. MARKET
OPPORTUNITIES
2.8.1. INCREASING
DEMAND FOR FOOD WITH THE RISING POPULATION
2.8.2. INTEGRATION
OF INTERNET OF THINGS (IOT) AND SENSOR TECHNOLOGIES IN AGRICULTURE
2.8.3. GROWING
CONCERNS ABOUT CLIMATE CHANGE AND ITS IMPACT ON AGRICULTURE
2.9. ANALYST
PERSPECTIVE
3. NORTH
AMERICA AGRICULTURE TECHNOLOGY AS A SERVICE MARKET – BY TECHNOLOGY
3.1. DATA
ANALYTICS & INTELLIGENCE
3.2. GUIDANCE
TECHNOLOGY
3.3. SENSING
TECHNOLOGY
3.4. VARIABLE
RATE APPLICATION TECHNOLOGY
3.5. OTHER
TECHNOLOGIES
4. NORTH
AMERICA AGRICULTURE TECHNOLOGY AS A SERVICE MARKET – BY TYPE
4.1. SOFTWARE
AS A SERVICE (SAAS)
4.2. EQUIPMENT
AS A SERVICE (EAAS)
5. NORTH
AMERICA AGRICULTURE TECHNOLOGY AS A SERVICE MARKET – BY APPLICATION
5.1. YIELD
MAPPING AND MONITORING
5.2. SOIL
MANAGEMENT
5.3. CROP HEALTH
MANAGEMENT
5.4. NAVIGATION
AND POSITIONING
5.5. OTHER
APPLICATIONS
6. NORTH
AMERICA AGRICULTURE TECHNOLOGY AS A SERVICE MARKET – BY COUNTRY OUTLOOK
6.1. NORTH
AMERICA
6.1.1. COUNTRY
ANALYSIS
6.1.1.1. UNITED
STATES
6.1.1.1.1. UNITED
STATES AGRICULTURE TECHNOLOGY AS A SERVICE MARKET FORECAST & PROSPECTS
6.1.1.2. CANADA
6.1.1.2.1. CANADA
AGRICULTURE TECHNOLOGY AS A SERVICE MARKET FORECAST & PROSPECTS
7. COMPETITIVE
LANDSCAPE
7.1. AGCO
CORPORATION
7.1.1. OVERVIEW
7.1.2. PRODUCT
PORTFOLIO
7.1.3. KEY
STRENGTH
7.1.4. KEY
CHALLENGE
7.2. DEERE
AND COMPANY
7.2.1. OVERVIEW
7.2.2. PRODUCT
PORTFOLIO
7.2.3. KEY
STRENGTH
7.2.4. KEY CHALLENGE
7.3. TRIMBLE
INC
7.3.1. OVERVIEW
7.3.2. PRODUCT
PORTFOLIO
7.3.3. KEY
STRENGTHS
7.3.4. KEY
CHALLENGES
7.4. RAVEN
INDUSTRIES INC
7.4.1. OVERVIEW
7.4.2. PRODUCT
PORTFOLIO
7.4.3. KEY
STRENGTH
7.4.4. KEY
CHALLENGE
7.5. FUJITSU
7.5.1. OVERVIEW
7.5.2. PRODUCT
PORTFOLIO
7.5.3. KEY
STRENGTH
7.5.4. KEY
CHALLENGES
7.6. TOPCON
CORPORATION
7.6.1. OVERVIEW
7.6.2. PRODUCT
PORTFOLIO
7.6.3. KEY
STRENGTH
7.6.4. KEY
CHALLENGE
7.7. CLAAS
KGAA MBH
7.7.1. OVERVIEW
7.7.2. PRODUCT
PORTFOLIO
7.7.3. KEY
STRENGTH
7.7.4. KEY
CHALLENGES
7.8. HEXAGON
AB
7.8.1. OVERVIEW
7.8.2. PRODUCT
PORTFOLIO
7.8.3. KEY
STRENGTH
7.8.4. KEY
CHALLENGE
7.9. IBM
CORPORATION
7.9.1. OVERVIEW
7.9.2. PRODUCT
PORTFOLIO
7.9.3. KEY
STRENGTHS
7.9.4. KEY
CHALLENGE
7.10. MICROSOFT
CORPORATION
7.10.1. OVERVIEW
7.10.2. PRODUCT
PORTFOLIO
7.10.3. KEY
STRENGTH
7.10.4. KEY
CHALLENGE
8. RESEARCH
METHODOLOGY & SCOPE
8.1. RESEARCH
SCOPE & DELIVERABLES
8.2. SOURCES
OF DATA
8.3. RESEARCH
METHODOLOGY
TABLE 1: NORTH AMERICA
AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY COUNTRY OUTLOOK, 2024-2032 (IN $
MILLION)
TABLE 2: LIST OF
COLLABORATIONS
TABLE 3: LIST OF PRODUCT
LAUNCHES
TABLE 4: LIST OF INVESTMENTS
& EXPANSIONS
TABLE 5: NORTH AMERICA
AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY TECHNOLOGY, 2024-2032 (IN $
MILLION)
TABLE 6: NORTH AMERICA
AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY TYPE, 2024-2032 (IN $ MILLION)
TABLE 7: NORTH AMERICA
AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY APPLICATION, 2024-2032 (IN $
MILLION)
TABLE 8: NORTH AMERICA
AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY COUNTRY OUTLOOK, 2024-2032 (IN $
MILLION)
FIGURE 1: PORTER’S FIVE FORCES
ANALYSIS
FIGURE 2: KEY BUYING IMPACT
ANALYSIS
FIGURE 3: MARKET
ATTRACTIVENESS INDEX
FIGURE 4: NORTH AMERICA
AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY TECHNOLOGY, 2023 & 2032 (IN
%)
FIGURE 5: NORTH AMERICA
AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY DATA ANALYTICS &
INTELLIGENCE, 2024-2032 (IN $ MILLION)
FIGURE 6: NORTH AMERICA
AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY GUIDANCE TECHNOLOGY, 2024-2032
(IN $ MILLION)
FIGURE 7: NORTH AMERICA
AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY SENSING TECHNOLOGY, 2024-2032
(IN $ MILLION)
FIGURE 8: NORTH AMERICA
AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY VARIABLE RATE APPLICATION
TECHNOLOGY, 2024-2032 (IN $ MILLION)
FIGURE 9: NORTH AMERICA
AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY OTHER TECHNOLOGIES, 2024-2032
(IN $ MILLION)
FIGURE 10: NORTH AMERICA
AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY TYPE, 2023 & 2032 (IN %)
FIGURE 11: NORTH AMERICA
AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY SOFTWARE AS A SERVICE (SAAS),
2024-2032 (IN $ MILLION)
FIGURE 12: NORTH AMERICA
AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY EQUIPMENT AS A SERVICE (EAAS),
2024-2032 (IN $ MILLION)
FIGURE 13: NORTH AMERICA
AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY APPLICATION, 2023 & 2032 (IN
%)
FIGURE 14: NORTH AMERICA
AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY YIELD MAPPING AND MONITORING,
2024-2032 (IN $ MILLION)
FIGURE 15: NORTH AMERICA
AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY SOIL MANAGEMENT, 2024-2032 (IN $
MILLION)
FIGURE 16: NORTH AMERICA
AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY CROP HEALTH MANAGEMENT,
2024-2032 (IN $ MILLION)
FIGURE 17: NORTH AMERICA AGRICULTURE
TECHNOLOGY AS A SERVICE MARKET, BY NAVIGATION AND POSITIONING, 2024-2032 (IN $
MILLION)
FIGURE 18: NORTH AMERICA
AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY OTHER APPLICATIONS, 2024-2032
(IN $ MILLION)
FIGURE 19: NORTH AMERICA
AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY COUNTRY OUTLOOK, 2023 & 2032
(IN %)
FIGURE 20: UNITED STATES
AGRICULTURE TECHNOLOGY AS A SERVICE MARKET 2024-2032 (IN $ MILLION)
FIGURE 21: CANADA AGRICULTURE TECHNOLOGY
AS A SERVICE MARKET 2024-2032 (IN $ MILLION)