U.S. Farming As A Service Market Size & Outlook, 2023-2030
U.S. farming as a service market, 2017-2030 (US$M)
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U.S. farming as a service market highlights
- The U.S. farming as a service market generated a revenue of USD 1,050.1 million in 2023 and is expected to reach USD 2,337.6 million by 2030.
- The U.S. market is expected to grow at a CAGR of 12.1% 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 1,050.1 million |
| Market revenue in 2030 | USD 2,337.6 million |
| Growth rate | 12.1% (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, U.S. accounted for 25.7% 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 Scope
Farming As A Service Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 78.78% in 2023. Horizon Databook has segmented the U.S. 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.
FaaS has emerged as a significant trend in the agricultural sector in the U.S. This innovative model offers farmers access to advanced technologies, expertise, and equipment, transforming traditional farming practices and driving improved efficiency and productivity.
The integration of cutting-edge technologies in agriculture has revolutionized farming operations. FaaS providers offer access to precision farming tools, including satellite imaging, drones, and sensor-based systems. These technologies enable farmers to optimize irrigation, monitor crop health, and improve overall resource management, leading to higher yields and reduced costs.
Furthermore, government agencies in the U.S. are implementing marketing strategies and programs to adopt sustainable and organic farming practices, positively impacting the adoption of FaaS. For instance, the U.S.
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Target buyers of U.S. 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 U.S. farming as a service market , including forecasts for subscribers. This country databook contains high-level insights into U.S. farming as a service market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. farming as a service market size, by service type, 2017-2030 (US$M)
U.S. Farming As A Service Market Outlook Share, 2023 & 2030 (US$M)
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