Mexico Farming As A Service Market Size & Outlook

The farming as a service market in Mexico is expected to reach a projected revenue of US$ 490.2 million by 2030. A compound annual growth rate of 15% is expected of Mexico farming as a service market from 2024 to 2030.
Revenue, 2023 (US$M)
$184.5
Forecast, 2030 (US$M)
$490.2
CAGR, 2024 - 2030
15%
Report Coverage
Mexico

Mexico farming as a service market highlights

  • The Mexico farming as a service market generated a revenue of USD 184.5 million in 2023 and is expected to reach USD 490.2 million by 2030.
  • The Mexico market is expected to grow at a CAGR of 15% 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 2023USD 184.5 million
Market revenue in 2030USD 490.2 million
Growth rate15% (CAGR from 2023 to 2030)
Largest segmentFarm management solutions
Fastest growing segmentAccess to Markets
Historical data2017 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationFarm Management Solutions, Production Assistance, Access to Markets
Key market players worldwideMahindra & 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, Mexico accounted for 4.5% 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 North America, U.S. farming as a service market is projected to lead the regional market in terms of revenue in 2030.
  • Canada is the fastest growing regional market in North America and is projected to reach USD 1,870.8 million by 2030.

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Farming As A Service Market Companies

Name Profile # Employees HQ Website

Mexico 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 75.66% in 2023. Horizon Databook has segmented the Mexico 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 share of agriculture in Mexico's Gross Domestic Product (GDP) has been gradually decreasing over the years. As of the latest available data published by the World Bank, the share of agriculture in Mexico's economy stands at approximately 3.9%.

This indicates a decline from previous years, highlighting the country's shift toward other sectors of the economy. The decline in the share of agriculture in the country’s GDP can be attributed to various factors, including the country's economic diversification and the growth of other sectors such as manufacturing, services, and tourism.

Mexico has experienced significant industrialization and urbanization, leading to a relative decrease in the agricultural sector's contribution to the overall economy.

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Target buyers of Mexico farming as a service market databook

  • Our clientele includes a mix of farming as a service market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • 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 Mexico farming as a service market , including forecasts for subscribers. This country databook contains high-level insights into Mexico farming as a service market from 2017 to 2030, including revenue numbers, major trends, and company profiles.

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Mexico farming as a service market size, by service type, 2017-2030 (US$M)

Mexico Farming As A Service Market Outlook Share, 2023 & 2030 (US$M)

Mexico farming as a service market size, by service type, 2017-2030 (US$M)

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