The market is expected to increase at CAGR of 16.43% during the forecast period 2022-2027
BIS Research, the global leader in providing market intelligence on deep technologies, has released its latest study titled Agriculture Technology-as-a-Service Market – A Global and Regional Analysis.
According to this study, the global agriculture technology-as-a-service market was valued at $1.6 billion in 2022 and is projected to reach $3.43 billion by 2027.
The following factors are responsible for the increase in demand for agriculture technology-as-a-service:
The detailed study is a compilation of 157 market data tables and 31 figures spread through 265 pages.
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Analyst’s Take on the Market Projection
According to Debraj Chakraborty, Principal Analyst, BIS Research, “The agriculture technology-as-a-service (ATaaS) market is rapidly expanding due to a growing emphasis on food security and the need to enhance current agricultural production systems. The market is fueled by the adoption of precision agriculture and a rising demand for affordable farming solutions. ATaaS provides several benefits, such as reduced capital investment, upgradability, and higher yields, making it a preferred option for small-scale farmers.”
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Major Existing Industry Leaders in the Global Agriculture Technology-as-a-Service Market
The companies that are profiled have been selected based on input gathered from primary experts and analyzing company coverage, product portfolio, and market penetration. Some of the established names in the market are:
Recent Developments in the Global Agriculture Technology-as-a-Service Market
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About BIS Research:
BIS Research is a global B2B market intelligence and advisory firm focusing on deep technology and related emerging trends which can disrupt the market dynamics in the near future. We publish more than 200 market intelligence studies annually that focus on several deep technology verticals.
Our strategic market analysis emphasizes on market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters useful in the strategic decision-making for senior management.
BIS Research offers syndicate as well as custom studies and expert consultations to firms, providing them with specific and actionable insights on novel technology markets, business models, and competitive landscapes.
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