Latin America Farming As A Service Market Size & Outlook
Latin America farming as a service market, 2017-2030 (US$M)
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Latin America farming as a service market highlights
- The Latin America farming as a service market generated a revenue of USD 314.5 million in 2023.
- The market is expected to grow at a CAGR of 14.8% from 2024 to 2030.
- In terms of segment, farm management solutions was the largest revenue generating service type in 2023.
- Farm Management Solutions is the most lucrative service type segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 314.5 million |
| Market revenue in 2030 | USD 826.4 million |
| Growth rate | 14.8% (CAGR from 2023 to 2030) |
| Largest segment | Farm management solutions |
| Fastest growing segment | Farm Management Solutions |
| 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 |
Other key industry trends
- In terms of revenue, Latin America region accounted for 7.7% of the global farming as a service market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,385.8 million by 2030.
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Farming As A Service Market Scope
Farming As A Service Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America 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 76.31% in 2023. Horizon Databook has segmented the Latin America 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.
South America is a region with vast agricultural potential and is experiencing a significant shift in the process of farming through the emergence of Farming as a Service (FaaS) models.
The FaaS market in South America is growing rapidly, driven by factors such as technological advancements in farming, sustainable agricultural practices, and varying climatic conditions in the region.
The region's agriculture sector faces challenges such as limited access to capital, fragmented land holdings, and the need for sustainable practices. South America has a significant number of small-scale farmers. FaaS providers are targeting this region by offering tailored services, including access to machinery, inputs, training, and market linkages.
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Target buyers of Latin America 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 continent-level data and insights on the Latin America farming as a service market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America farming as a service market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America farming as a service market size, by country, 2017-2030 (US$M)
Latin America Farming As A Service Market Outlook Share, 2023 & 2030 (US$M)
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