India Farming As A Service Market Size & Outlook
India farming as a service market, 2017-2030 (US$M)
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India farming as a service market highlights
- The India farming as a service market generated a revenue of USD 100.9 million in 2023 and is expected to reach USD 292.3 million by 2030.
- The India market is expected to grow at a CAGR of 16.4% from 2024 to 2030.
- In terms of segment, farm management solutions was the largest revenue generating service type in 2023.
- Access to Markets 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 100.9 million |
| Market revenue in 2030 | USD 292.3 million |
| Growth rate | 16.4% (CAGR from 2023 to 2030) |
| Largest segment | Farm management solutions |
| Fastest growing segment | Access to Markets |
| 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, India accounted for 2.5% 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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India 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 76.51% in 2023. Horizon Databook has segmented the India 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.
The concept of FaaS is gaining traction in India, particularly in the country’s agriculture sector, which comprises a significant number of small and marginal farmers. FaaS offers innovative solutions through subscription or pay-per-use models, enabling stakeholders to make data-driven decisions and enhance productivity and efficiency.
The growth of FaaS in India is supported by favorable government policies, leading to an increase in startups and investments in the sector. Venture capitalists and investors are recognizing the potential and returns generated by such business models.
FaaS addresses various challenges in the agricultural supply chain, including low productivity, limited mechanization, and restricted market access. By converting upfront costs into ongoing variable expenses, FaaS makes capital generation approaches affordable for small and marginal farmers.
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Target buyers of India 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 India farming as a service market , including forecasts for subscribers. This country databook contains high-level insights into India farming as a service market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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India farming as a service market size, by service type, 2017-2030 (US$M)
India Farming As A Service Market Outlook Share, 2023 & 2030 (US$M)
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