The total global market size for agriculture technology-as-a-service stood at about 1.8 billion U.S. dollars in 2023. Software-as-a-service is responsible for the majority of the market with about 1.1 billion U.S. dollars.

The global agriculture technology-as-a-service market, valued at $4,201.3 Mn in 2023, will reach $17,818.8 Mn by 2034, growing at a CAGR of 13.93% from 2024-2034.

The Global Agriculture Technology-as-a-Service Market is anticipated to grow at a CAGR of around 23.12% during the forecast period 2023-28, cites MarkNtel Advisors.

The Agriculture Technology-as-a-Service Market is expected to grow at a CAGR of 21.5% during the forecast period 2024-2031 | DataM Intelligence

The size and share of the market is categorized based on Type (Software-as-a-Service, Equipment-as-a-Service) and Application (Farmland and Farms, Agricultural Cooperatives, Others) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

Explore the detailed segmentation analysis of the Agriculture Technology as a Service market. Understand detailed breakdown for each segment and uncover market opportunities.

The market size for agriculture technology-as-a-service is expected to nearly triple from 2020 to 2025. The total global market size for agriculture technology-as-a-service is projected to exceed three billion U.S. dollars by 2025.

In 2020, North America dominated the agriculture technology-as-a-service market, with 46.81 percent of the total market. In that same year, the global agriculture technology-as-a-service market stood at 1.1 billion U.S. dollars.

The Agriculture Technology-as-a-Service (AgTech-aaS) market is experiencing remarkable growth, with its value projected to reach USD XXX million by 2033, exhibiting a CAGR of XX% during the forecast period (2025-2033). This expansion is driven by the increasing adoption of precision farming practices, the need for improved efficiency and productivity in agriculture, and the growing popularity of cloud-based solutions. Key drivers include the rise of the Internet of Things (IoT) in agriculture, government initiatives to support digitalization, and the growing demand for food security. The market is segmented based on application and type. Major applications include crop monitoring, field mapping, livestock management, and irrigation management. By type, the market encompasses hardware, software, and services. Hardware comprises sensors, drones, and IoT devices. Software includes data analytics platforms and farm management systems. Services include data interpretation, consulting, and support. Geographically, North America dominates the AgTech-aaS market, followed by Europe and Asia-Pacific. However, emerging economies such as China, India, and Brazil are expected to witness significant growth in the coming years. Leading companies in the market include AGCO, SZ DJI Technology, Precision Hawk, Small Robot Company, Syngenta, Accenture, CLAAS, Ceres Imaging, Hexagon Agriculture, Taranis, and Fujitsu.

The global Farming as a Service Market size is estimated to be USD 4.83 billion in 2024 & is projected to reach USD 14.63 billion by 2032; With at a CAGR of 14.9% during the forecast period.

In 2021, the market value of global agricultural technology (agtech) stood at approximately 10.5 billion U.S. dollars. The agtech market is expected to increase rapidly in the years up to 2025, potentially more than doubling its current value by then. The agtech market consists of the following segments: agricultural management platforms, supply chain and inventory management solutions, GPS services and field mapping services, agricultural monitoring services, and micro-farming solutions.

As per Cognitive Market Research's latest published report, the Global Farming as a Service market size was USD 3.24 Billion In 2022 and it is forecasted to reach USD 10.16 Billion By 2030. Farming as a Service Industry's Compound Annual Growth Rate will be 15.81% from 2023 to 2030. Factors Impacting on Farming as a Service Market

Increasing advanced technologies such as GPS, data management software, variable rate technology, mapping software, and yield mapping software is the key factor expected to drive the growth of the farming as a service market. In addition, increasing the Internet of Things used in agriculture and cost-effectiveness are expected to drive the growth of the farming as a service market.

Farming as a Service Market Opportunities:

The increasing number of agriculture start-ups creates growth opportunities for the farming as a service market in the forecast period.

Farming as a Service Market Restraint:

Increasing initial investments and the absence of technical awareness may hamper the growth of the farming as a service market. What is Farming as a Service?

Farming as a service is a type of business model, which offers various professional services such as subscriptions, farmers procure a service on a pay-per-use model, and user-friendly solutions in agriculture and professionals grade solutions. These provide farmers with easy accessibility to crop production, equipment rental for the desired time, on-time availability of labor, and useful services such as power supply and irrigation facilities.

In 2021, the market value of agricultural technology (agtech) in North America stood at approximately 6.2 billion U.S. dollars, the largest value compared to other regions in the world. The agtech market consists of the following segments: agricultural management platforms, supply chain and inventory management solutions, GPS services and field mapping services, agricultural monitoring services, and micro-farming solutions.

Agritech Platform Market size was valued at USD 15,719.62 Million in 2023 and is projected to reach USD 51,578.70 Million by 2030, growing at a CAGR of 18.5% during the forecast period 2024-2030.

Global Agritech Platform Market Drivers

Numerous elements impact the Agritech Platform Market, propelling its expansion and advancement. Here are a few significant market drivers:

Agriculture’s Digital Transformation: The need for agritech platforms that provide farmers with digital tools is being driven by the ongoing digital transformation in agriculture, which includes the adoption of technology solutions.
Practices in Precision Agriculture: An increasing number of farmers are using precision agriculture techniques, such as using sensors, GPS, and data analytics, which raises the need for agritech platforms that support data-driven decision-making.
The demand for sustainable agriculture is rising: The agritech platforms with sustainability-focused solutions are being adopted at a faster rate due to the global emphasis on sustainable agriculture practices, which include resource optimization, less environmental impact, and increased efficiency.
IoT and sensor integration: Agritech systems that take advantage of these technologies are developed and adopted mostly for monitoring and automation purposes in agriculture, where the integration of sensors and Internet of Things (IoT) devices is key.
Making Decisions Based on Data: Agritech platforms give farmers access to real-time data on crop performance, soil health, weather, and other pertinent variables, empowering them to make well-informed decisions.
Management and Optimization of Farms: Comprehensive farm management solutions are provided by agritech platforms, which assist farmers in streamlining their processes, increasing productivity, and boosting efficiency.
Growing World Population and Demand for Food: The need for modern agricultural technology is driven by the expanding global population and the resulting growth in food consumption. This has led to the adoption of agritech platforms to boost agricultural productivity.
Governmental Proposals and Assistance: Farmers are encouraged to invest in agritech platforms by government regulations, initiatives, and financial incentives that support the use of contemporary agricultural technologies.
Mobile Technology’s Accessibility: Because mobile technology, such as smartphones and apps, is so widely available and accessible, farmers may readily access and use agritech platforms for a variety of uses.
Growth of Agri-Startups and Agribusiness: In the agritech industry, the rise of agribusinesses and startups fosters innovation and the creation of cutting-edge agritech platforms that provide farmers with a variety of options.
Remote Control and Monitoring: Agritech platforms provide farmers ease and efficiency by enabling remote monitoring and control of irrigation systems, agricultural equipment, and other farm operations.

Market Overview:

United States smart agriculture market size is projected to exhibit a growth rate (CAGR) of 9.50% during 2024-2032. The rising usage of sustainable agricultural practices that support long-term food production while protecting the environment, along with the inflating popularity of this technique that helps in minimizing waste, is primarily augmenting the market growth across the nation.

Report Attribute	Key Statistics
Base Year	2023
Forecast Years	2024-2032
Historical Years	2018-2023
Market Growth Rate (2024-2032)	9.50%

Smart agriculture, alternatively referred to as precision agriculture, represents a sophisticated strategy utilizing technology to elevate the effectiveness and output of farming methods. This approach integrates diverse digital instruments like sensors, drones, GPS, and data analytics to precisely monitor and oversee crops, livestock, and land. Through the acquisition of real-time data on variables such as soil moisture, weather patterns, and crop conditions, farmers can make well-informed decisions to optimize practices like irrigation, fertilization, and pest management. The adoption of smart agriculture not only minimizes resource inefficiencies but also enhances both the quantity and quality of crop yields.

United States Smart Agriculture Market Trends:

The United States smart agriculture market is at the forefront of a transformative shift in the agricultural landscape, integrating cutting-edge technology to revolutionize traditional farming practices. Also known as precision agriculture, this market leverages a suite of digital tools, including sensors, drones, GPS technology, and data analytics, to enhance the efficiency and productivity of agricultural operations. Additionally, in the United States, farmers are increasingly adopting smart agriculture solutions that provide real-time monitoring and management of crops, livestock, and land. Moreover, these technologies enable farmers to make data-driven decisions on crucial factors such as soil moisture, weather conditions, and crop health, which is acting as another significant growth-inducing factor. Besides this, the result is a more precise and optimized approach to essential practices like irrigation, fertilization, and pest control, which is positively influencing the regional market. The United States smart agriculture market not only contributes to resource conservation by minimizing wastage but also significantly improves crop yields and quality. Furthermore, with the rising focus on sustainability, precision, and increased output, the smart agriculture market in the United States is poised for continued growth, shaping the future of farming practices in the country in the coming years.

United States Smart Agriculture Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on agriculture type, offering, and farm size.

Agriculture Type Insights:

https://www.imarcgroup.com/CKEditor/7044594c-dd65-4f0e-80f2-649d8aa50d14other-regions1.webp" style="height:450px; width:800px" />

• Precision Farming
• Livestock Monitoring
• Smart Greenhouse
• Others
  

The report has provided a detailed breakup and analysis of the market based on the agriculture type. This includes precision farming, livestock monitoring, smart greenhouse, and others.

Offering Insights:

• Hardware
• Software
• Service
  

A detailed breakup and analysis of the market based on the offering have also been provided in the report. This includes hardware, software, and service.

Farm Size Insights:

• Small
• Medium
• Large
  

The report has provided a detailed breakup and analysis of the market based on the farm size. This includes small, medium, and large.

Regional Insights:

https://www.imarcgroup.com/CKEditor/7fa3a645-441b-4f1c-ae43-6be1ea92c0b2other-regions8.webp" style="height:450px; width:800px" />

• Northeast
• Midwest
• South
• West
  

The report has also provided a comprehensive analysis of all the major regional markets, which include the Northeast, Midwest, South, and West.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

United States Smart Agriculture Market Report Coverage:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	Million US$
Scope of the Report	Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment: Agriculture Type Offering Farm Size Region
Agriculture Types Covered	Precision Farming, Livestock Monitoring, Smart Greenhouse, Others
Offerings Covered	Hardware, Software, Service
Farm Sizes Covered	Small, Medium, Large
Regions Covered	Northeast, Midwest, South, West
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 3699 Five User License: US$ 4699 Corporate License: US$ 5699
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

• How has the United States smart agriculture market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the United States smart agriculture market?
• What is the breakup of the United States smart agriculture market on the basis of agriculture

Global Digital Farming Technology market size 2025 was XX Million. Digital Farming Technology Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

Snapshot img

Smart Farming Market Size 2024-2028

The smart farming market size is forecast to increase by USD 9.91 billion at a CAGR of 17.61% between 2023 and 2028.

Smart farming, a technology-driven agricultural approach, is gaining traction In the United States due to its potential to enhance farming efficiency and productivity. Key components of smart farming include yield monitoring, crop scouting, field mapping, weather forecasting, inventory management, farm labor management, water and fertilizer management, HVAC management, milk harvesting, and breeding management. The availability of affordable cloud services is driving the adoption of smart farming, enabling real-time data collection and analysis. Big data plays a crucial role in smart farming, providing farmers with valuable insights to optimize crop growth and reduce waste. However, the high initial investment required for implementing smart farming technology remains a challenge for many farmers.
Other challenges include the need for reliable internet connectivity in rural areas and the complexity of integrating various smart farming technologies. Despite these challenges, the potential benefits of smart farming, such as increased crop yields, reduced labor costs, and improved environmental sustainability, make it an attractive proposition for forward-thinking farmers. 

What will be the Size of the Smart Farming Market During the Forecast Period?

Request Free Sample

The agriculture industry is witnessing a significant shift towards smart farming, integrating advanced technologies to optimize crop yields and livestock management. This transformation encompasses various sectors, including commercial greenhouses, controlled environment agriculture, and livestock farming. One of the key components driving this change is the implementation of LED grow lights and infrastructural health sensors. These technologies enable precise control over growing conditions, ensuring optimal plant development and reducing resource consumption. Additionally, the use of RFID, GPS, and machine-to-machine communication facilitates real-time monitoring and automation of agricultural processes.
Smart agricultural practices extend to livestock management as well. Biometric identification systems and mobile applications allow farmers to monitor the health and well-being of their livestock, enhancing productivity and reducing operational costs. Furthermore, cloud-based and web-based solutions are gaining popularity In the sector. Online dashboards, historical data analysis, and system integration services enable farmers to make data-driven decisions and streamline their operations. Consulting, maintenance, connectivity services, managed services, and professional services are also essential components of the market, ensuring the seamless integration and operation of these advanced technologies. Logistics and supply chain management are also undergoing digital transformation In the agriculture sector. Smart water management solutions, meanwhile, promote sustainable agricultural practices by minimizing water usage and ensuring its optimal distribution. Cloud-based and web-based solutions, consulting, maintenance, connectivity services, managed services, professional services, network management, agriculture asset management, and logistics and supply chain management are essential components of this transformation. 

How is this Smart Farming Industry segmented and which is the largest segment?

The industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Application

  Soil and crop management
  Fleet management
  Storage and irrigation management
  Indoor farming


Product

  Automation and control systems
  Smart agriculture equipment and machinery


Geography

  North America

    US


  Europe

    Germany
    France


  APAC

    China


  Middle East and Africa



  South America

By Application Insights

The soil and crop management segment is estimated to witness significant growth during the forecast period.

In the agricultural sector, effective feeding management and animal comfort are crucial for optimizing crop production and ensuring the well-being of livestock. Smart farming solutions, such as those offered by Deere and Prospera Technologies, play a significant role in managing these aspects. These systems utilize web-based and cloud-based technologies for system integration, consulting, maintenance, connectivity services, and managed services. By monitoring temperature, humidity, and climate conditions, farmers can make informed decisions regarding water usage, early detection of potential issues, and weed management. Proper soil moisture levels are essential for plant growth, and smart far

The Agriculture Software Market is Segmented by Deployment Type (Cloud (Software-As-A-Service (SaaS), Platform-As-A-Service (PaaS)) and On-Premise), Application (Precision Farming, Livestock Tracking and Monitoring, Smart Greenhouse, Precision Forestry, and Other Applications), Geography (North America (United States, Canada), Europe (United Kingdom, France, Germany, Rest of Europe), Asia-Pacific (China, Australia and New Zealand, Thailand, Rest of Asia-Pacific), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Middle East & Africa). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Segments.

Global AI in Agriculture market size earned around $1.78 Bn in 2023 and is expected to reach $11.62 Bn by 2032, with a projected CAGR of 23.20%.

The size and share of the market is categorized based on Type (Farmland Remote Sensing Image, Precise Weather Forecast, Pest Warning, Online Agricultural Technology Training, Others) and Application (Farmland Farm, Agricultural Cooperatives) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).