Farming As A Service Market Forecast and Insights: Exploring Growth Trends, Market Size, and Emerging Opportunities
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
Which Major Market Drivers Are Expected to Boost the Growth Potential of the Farming As A Service Market?
The rise in food consumption is advancing the farming as a service market. With growing global populations and changing dietary needs, FaaS offers precision agriculture tools that optimize resources and boost efficiency. According to the USDA in April 2024, global food consumption reached 2.5 billion metric tons in 2021, and agriculture contributed $1.530 trillion to the US GDP in 2023, about 5.6%. Hence, food consumption growth is driving the FaaS market.
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#What Growth Opportunities Will Drive the Farming As A Service Market’s CAGR Through 2034?
The farming as a service market size has grown from $4.95 billion in 2024 to $5.85 billion in 2025, with a CAGR of 18.1%. The growth in the historic period can be attributed to growth in farm productivity, increasing use of IoT devices, rising demand for sustainable farming practices, the popularity of vertical farming, and growth in demand for farm automation.
The farming as a service market size is expected to reach $11.25 billion in 2029, with a CAGR of 17.7%. Growth is driven by the demand for precision agriculture, government initiatives, food security needs, sustainable agriculture, and modern agricultural methods. Major trends include technological advancements, AI integration, precision agriculture, IoT devices, and smart greenhouses.
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What Are the Key Market Innovations in theFarming As A Service Market Over the Coming Years?
Companies in the farming as a service market are focused on developing advanced farm management software to streamline agricultural operations. Farm management software helps farmers plan, monitor, and analyze farm activities, optimizing productivity and decision-making. For instance, in March 2023, Bushel Inc., a US-based software company, launched the Bushel Farm management software, which integrates with Bushel’s FarmLogs to automate data entry and simplify contract management, saving farmers time and improving farm management efficiency.
Who Are the Top Companies Driving Innovation and Growth in theFarming As A Service Market?
Major companies operating in the farming as a service market are Mahindra & Mahindra Limited, Trimble Inc., Ninjacart, Topcon Corporation, Raven Industries Inc., Granular Inc., RML AgTech, Figured Limited, Farmers Edge Inc., Agworld Pty Ltd., Conservis Corporation, FarmLogs Inc., AgriWebb, Solinftec, Farmplan, EM3 Agri Services Pvt Ltd., Synnefa, AGRIVI, Farmbrite, Agroptima SL, Traction Ag Inc., Grownetics Inc., Harvest Profit, Croptracker Inc.
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Which Key Market Segments Comprise the Farming As A Service Market and Drive Its Revenue Growth?
The farming as a servicemarket covered in this report is segmented –
1) By Services: Farm Management Solutions, Production Assistance, Access To Markets
2) By Delivery Model: Subscription, Pay-Per-Use
3) By End User: Farmers, Government , Corporate, Financial Institutions, Advisory bodies
Subsegments:
1) By Farm Management Solutions: Farm Planning Software, Crop Monitoring Solutions, Irrigation Management Systems, Data Analytics and Reporting Tools, Livestock Management Software
2) By Production Assistance: Consulting Services, Technical Support Services, Training And Education Programs, Equipment Leasing And Rental Services, Input Supply Services
3) By Access To Markets: E-commerce Platforms for Farmers, Market Linkage Services, Supply Chain Management Solutions, Direct-To-Consumer Sales Platforms, Export Facilitation Services
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Which Regions Are Emerging as Leaders in the Farming As A Service Market?
North America was the largest region in the farming as a service market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the farming as a service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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