Next-Gen Farming As A Service : Market Forecast, Transformation, and Long-Term Trajectories
Discover trends, market shifts, and competitive outlooks for the farming as a service industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research
#What Is the Current and Projected Market Size of the Farming As A Service Market Through 2034?#_x000D_
Over the past years, the market size for farming as a service has experienced rapid expansion. The market, valued at $4.95 billion in 2024, is projected to increase to $5.85 billion in 2025, boasting a compound annual growth rate (CAGR) of 18.1%. This substantial growth during the historical period can be credited to various factors including enhanced farm productivity, increased adoption of IoT devices, growing demand for eco-friendly farming methods, the surge in popularity of vertical farming, and an increased requirement for farm automation._x000D_
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The market size for farming as a service is projected to see a robust expansion in the coming years. It is projected to reach $11.25 billion by 2029, with a compound annual growth rate (CAGR) of 17.7%. Factors driving this growth during the forecast period include increasing demand for precision farming, numerous government initiatives and grants, surging requirement for food security, growing demand for sustainable farming methods, and rising acquisition of contemporary agricultural techniques. Key trends during the prediction period encompass advancements in technology, incorporation of AI, precision farming, IoT gadgets, and intelligent greenhouses._x000D_
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#Which Major Market Drivers Are Expected to Boost the Growth Potential of the Farming As A Service Market?#_x000D_
The burgeoning consumption of food worldwide is predicted to boost the expansion of the farming as a service market. This surge in food consumption can be attributed to factors such as the global population increase, escalating income levels, and alterations in dietary habits and lifestyle preferences. Farming as a service (FaaS) equips users with international technologies like precision agriculture instruments that refine the use of water, fertilizers, and pesticides. This results in augmented crop yields and minimized wastage, enabling farmers to grow more food using fewer resources. For example, a report by the United States Department of Agriculture released in April 2024 demonstrated that in 2021, global food consumption hit around 2.5 billion metric tons, with bread and cereals making up the most significant proportion of the food consumed. Additionally, in 2023, industries linked to agriculture and food indirectly or directly added roughly $1.530 trillion to the U.S. GDP, representing about 5.6% of the total amount. Thus, the amplified food consumption is fueling the development of the farming as a service market._x000D_
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#Which Key Market Segments Comprise the Farming As A Service Market and Drive Its Revenue Growth?#_x000D_
The farming as a servicemarket covered in this report is segmented –_x000D_
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1) By Services: Farm Management Solutions, Production Assistance, Access To Markets_x000D_
2) By Delivery Model: Subscription, Pay-Per-Use_x000D_
3) By End User: Farmers, Government , Corporate, Financial Institutions, Advisory bodies_x000D_
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Subsegments:_x000D_
1) By Farm Management Solutions: Farm Planning Software, Crop Monitoring Solutions, Irrigation Management Systems, Data Analytics and Reporting Tools, Livestock Management Software_x000D_
2) By Production Assistance: Consulting Services, Technical Support Services, Training And Education Programs, Equipment Leasing And Rental Services, Input Supply Services_x000D_
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_x000D_
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#Which Areas Are Leading Regions in the Farming As A Service Market Expansion Across the Globe?#_x000D_
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._x000D_
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#What Are the Most Significant Market Trends in the Farming As A Service Market?#_x000D_
Major corporations in the farming-as-a-service industry are concentrating their efforts on the creation of advanced technology solutions such as farm management software, to bolster and improve agricultural processes. Farm management software is an electronic tool that assists farmers in planning, supervising, and assessing farming activities, maximising productivity, utilizing resources, and making data-driven decisions. One example in March 2023 is Bushel Inc., an American software firm, which introduced Bushel Farm management software, a new development in farm management applications for farmers and partners involved in agribusiness. Bushel Farm enhances farming management by remarkably minimizing manual data input through merging with Bushel’s FarmLogs product. This unique feature lets farmers easily upload grain sales data from multiple grain centres that use Bushel systems. Instead of laboriously inputting data from contracts or scale tickets, farmers can automate this process with a few simple clicks. This software automates contract management by filling in contract details automatically, simplifying the work process, and providing considerable time-saving to farmers._x000D_
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#How Is the Farming As A Service Market Conceptually Defined?#_x000D_
Farming as a service (FaaS) is a modern agricultural model that provides farmers access to advanced technologies, services, and resources on a subscription or pay-per-use basis. This model leverages technology to offer services that traditionally require substantial upfront investment, making them more accessible to small and medium-sized farmers._x000D_
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