China Farming As A Service Market Size & Outlook
China farming as a service market, 2017-2030 (US$M)
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China farming as a service market highlights
- The China farming as a service market generated a revenue of USD 284.0 million in 2023 and is expected to reach USD 749.1 million by 2030.
- The China market is expected to grow at a CAGR of 14.9% from 2024 to 2030.
- In terms of segment, farm management solutions was the largest revenue generating service type in 2023.
- Production Assistance is the most lucrative service type segment registering the fastest growth during the forecast period.
Farming as a service market data book summary
| Market revenue in 2023 | USD 284.0 million |
| Market revenue in 2030 | USD 749.1 million |
| Growth rate | 14.9% (CAGR from 2023 to 2030) |
| Largest segment | Farm management solutions |
| Fastest growing segment | Production Assistance |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 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 |
Other key industry trends
- In terms of revenue, China accounted for 6.9% of the global farming as a service market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China farming as a service market is projected to lead the regional market in terms of revenue in 2030.
- Australia is the fastest growing regional market in Asia Pacific and is projected to reach USD 442.3 million by 2030.
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Farming As A Service Market Scope
Farming As A Service Market Companies
| Name | Profile | # Employees | HQ | Website |
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China farming as a service market outlook
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 76.76% in 2023. Horizon Databook has segmented the China 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.
China has been experiencing significant changes in its agriculture sector, driven by factors such as urbanization, a shift in labor demographics, and the need for sustainable and efficient farming practices.
The government has been actively promoting agricultural modernization and the adoption of advanced technologies in the sector. Due to these factors, the Farming-as-a-Service (FaaS) market has been gaining momentum.
In 2015, the government of China introduced the "Internet Plus Agriculture" initiative, which aims to integrate internet-based technologies with agriculture, promoting the development of e-commerce, big data analytics, cloud computing, and other digital technologies in the agriculture sector.
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Target buyers of China farming as a service market databook
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Our clientele includes a mix of farming as a service market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China farming as a service market , including forecasts for subscribers. This country databook contains high-level insights into China farming as a service market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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China farming as a service market size, by service type, 2017-2030 (US$M)
China Farming As A Service Market Outlook Share, 2023 & 2030 (US$M)
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