Market revenue in 2023 | USD 838.4 million |
Market revenue in 2030 | USD 2,385.8 million |
Growth rate | 16.1% (CAGR from 2023 to 2030) |
Largest segment | Farm management solutions |
Fastest growing segment | Access to Markets |
Historical data covered | 2017 - 2022 |
Base year for estimation | 2023 |
Forecast period covered | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Farm Management Solutions, Production Assistance, Access to Markets |
Key market players worldwide | Mahindra & Mahindra Ltd DR, Deere & Co, ITC Ltd DR, Trimble Inc, Accenture PLC Class A, Taranis Resources Inc, International Business Machines Corp, EM3 AgriServices, Apollo Agriculture, PrecisionHawk, BigHaat |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to farming as a service market will help companies and investors design strategic landscapes.
Farm management solutions was the largest segment with a revenue share of 76.94% in 2023. Horizon Databook has segmented the Asia Pacific farming as a service market based on farm management solutions, production assistance, access to markets covering the revenue growth of each sub-segment from 2017 to 2030.
Farming-as-a-Service (FaaS) is gaining traction in the Asia Pacific region as a way to modernize and enhance the agriculture sector. In countries such as India, FaaS platforms have evolved to offer farmers a wide range of services, such as farm management solutions, production assistance, access to markets, and advisory services.
These platforms enable farmers to optimize their operations, improve productivity, and connect with potential buyers, thus enhancing their profitability. In Southeast Asian countries such as Indonesia and Thailand, FaaS models are being explored to address challenges related to small-scale farming, limited access to resources, and the need for sustainable practices.
These models focus on providing farmers with technological tools, such as precision agriculture technologies and remote sensing, to optimize resource utilization and improve decision making.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific farming as a service market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific farming as a service market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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