Market by Technology (Data analytics & intelligence, Guidance technology, Sensing technology, Variable rate application technology, Other technologies), Type (Software As A Service (SAAS), Equipment As A Service (EAAS)), Application (Yield mapping and monitoring, Soil management, Crop health management, Navigation and positioning, Other applications), and Country Outlook | Forecast 2024-2032
As per Triton’s research report, the Asia-Pacific agriculture technology as a service market is estimated to progress in terms of revenue at a CAGR of 16.70% during the forecast period 2024-2032.
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The Asian Development Bank (ADB) collaborates with member countries to integrate food production, processing, and distribution, committing over $14 billion from 2022 to 2025 to strengthen regional food and agricultural value chains. The population growth in countries like China and India, along with a demand rise for organic food fuels agricultural production. As smart agriculture is growing significantly, several governments in the Asia-Pacific region provide support in developing farm management software, particularly within vertical farming. These factors create a widening scope for the growth of agriculture technology as a service market.
The countries analyzed in this region include:
China leads with a major market share, recording nearly $123.43 million in 2023.
Given China’s leadership in advanced technology, there is a significant demand for agricultural technology within the country. In this regard, the World Bank approved a $345 million loan from 2018 to 2035 to support the Rural Revitalization Program and green agriculture in China.
This credit aims to create financial incentives for farmers and food processing companies to adopt climate-smart agriculture technologies and good agriculture practices.
The program also includes investments in developing methodologies for green budgeting and expenditure tracking systems. Such initiatives lead to a higher demand for agriculture technology solutions in China.
Agriculture Technology as a Service Market Forecast for Japan and India
The Ministry of Agriculture, Forestry, and Fisheries (MAFF) in Japan previously announced a strategic plan to expand smart farming technologies and services by launching 205 demonstration projects for promoting smart agriculture technologies. Thus, the spread of smart farming technology in companies is expected to improve production and management in agrifood systems. Additionally, in 2021, the Japanese government established guidelines for an open application programming interface (API) system to help farmers access agricultural machinery data from various manufacturers.
Similarly, the Indian government is boosting the agriculture sector by developing an ‘agriStack’ with Agritechs, offering up to 100% subsidies for Kisan drones, funding Agritech startups, and promoting the eNAM platform for better market access. In February 2022, the PM Kisan Samman Nidhi Scheme allocated $26.4 billion to support over 110 million farmers with technology upgrades and agri-waste management. With such active efforts in adopting agricultural technologies, the market is assured to grow during the forecast years.
The agriculture technology as a service market is segmented by type, technology, and application. Based on type, it is further classified into software as a service (SAAS) and equipment as a service (EAAS). By providing SaaS services, agriculture technology companies benefit from a scalable environment, enabling seamless integration of new features into their offerings. This approach also simplifies operations for customers, allowing easy integration and scalability.
Contender Analysis in the Agriculture Technology as a Service Market:
Fujitsu provides information and communications technology (ICT) solutions along with a range of computing devices, servers, storage devices, electronic devices, networking systems, and allied products. It serves various industries, including automotive, retail, manufacturing, transport, public sector, and energy and utilities. It has operations in the Middle East, Europe, Africa, Asia-Pacific, and the Americas. Fujitsu is headquartered in Minato-Ku, Tokyo, Japan.
In 2023, Fujitsu and Kawasaki City announced the launch of field trials for ‘Green Carbon Club,’ a Fujitsu-developed smartphone app designed to increase awareness of sustainable lifestyles among citizens and businesses in Japan.
Other key contenders in the market include Trimble Inc, Agco Corporation, CLAAS KGaA mbH, Hexagon AB, Deere and Company, Microsoft Corporation, IBM Corporation, Raven Industries Inc, Topcon Corporation, and Fujitsu.
KEY DELIVERABLES OF THE REPORT:
Market CAGR during the forecasting years 2024-2032
Detailed data highlighting key insights, industry components, and market strategies
Comprehensive information and estimation of the agriculture technology as a service market revenue growth in APAC and its influence on the parent market
In-depth study of forthcoming trends in consumer behavioral patterns
A meticulous analysis of the competitive landscape and Porter’s Five Forces
A wide-ranging study of factors that will challenge the APAC agriculture technology as a service market’s growth during the upcoming years
Want to get specific insights? Our team of analysts can customize this report based on your preferences. Connect with us here.
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VIEW REPORT1. ASIA-PACIFIC
AGRICULTURE TECHNOLOGY AS A SERVICE MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
ANALYSIS ON AGRICULTURE TECHNOLOGY AS A SERVICE MARKET
2.1.1. COVID-19
IMPACT ON AGRICULTURE TECHNOLOGY AS A SERVICE MARKET
2.2. PORTER’S
FIVE FORCES ANALYSIS
2.2.1. THREAT
OF NEW ENTRANTS
2.2.2. THREAT
OF SUBSTITUTES
2.2.3. BARGAINING
POWER OF BUYERS
2.2.4. BARGAINING
POWER OF SUPPLIERS
2.2.5. THREAT
OF COMPETITIVE RIVALRY
2.3. KEY BUYING
IMPACT ANALYSIS
2.3.1. DATA
ANALYSIS
2.3.2. CONNECTIVITY
2.3.3. DATA
SECURITY
2.3.4. DATA
COLLECTION FREQUENCY
2.4. MARKET
ATTRACTIVENESS INDEX
2.5. KEY
MARKET STRATEGIES
2.5.1. COLLABORATIONS
2.5.2. PRODUCT
LAUNCHES
2.5.3. INVESTMENTS
& EXPANSIONS
2.6. MARKET
DRIVERS
2.6.1. NECESSITY
OF PRECISION AGRICULTURE FROM AN ECONOMIC STANDPOINT
2.6.2. MINIMAL
CAPITAL INVESTMENT FOR OPERATING SERVICES
2.6.3. SURGING
TECHNOLOGICAL INNOVATIONS AND ADVANCEMENTS IN AGRICULTURE
2.7. MARKET
CHALLENGES
2.7.1. INADEQUATE
TECHNICAL EXPERTISE AMONG FARMERS
2.7.2. LACK
OF CONNECTIVITY AFFECTING TECHNOLOGICAL
SERVICES
2.8. MARKET
OPPORTUNITIES
2.8.1. INCREASING
DEMAND FOR FOOD WITH THE RISING POPULATION
2.8.2. INTEGRATION
OF INTERNET OF THINGS (IOT) AND SENSOR TECHNOLOGIES IN AGRICULTURE
2.8.3. GROWING
CONCERNS ABOUT CLIMATE CHANGE AND ITS IMPACT ON AGRICULTURE
2.9. ANALYST
PERSPECTIVE
3. ASIA-PACIFIC
AGRICULTURE TECHNOLOGY AS A SERVICE MARKET – BY TECHNOLOGY
3.1. DATA
ANALYTICS & INTELLIGENCE
3.2. GUIDANCE
TECHNOLOGY
3.3. SENSING
TECHNOLOGY
3.4. VARIABLE
RATE APPLICATION TECHNOLOGY
3.5. OTHER
TECHNOLOGIES
4. ASIA-PACIFIC
AGRICULTURE TECHNOLOGY AS A SERVICE MARKET – BY TYPE
4.1. SOFTWARE
AS A SERVICE (SAAS)
4.2. EQUIPMENT
AS A SERVICE (EAAS)
5. ASIA-PACIFIC
AGRICULTURE TECHNOLOGY AS A SERVICE MARKET – BY APPLICATION
5.1. YIELD
MAPPING AND MONITORING
5.2. SOIL
MANAGEMENT
5.3. CROP
HEALTH MANAGEMENT
5.4. NAVIGATION
AND POSITIONING
5.5. OTHER
APPLICATIONS
6. ASIA-PACIFIC
AGRICULTURE TECHNOLOGY AS A SERVICE MARKET – BY COUNTRY OUTLOOK
6.1. ASIA-PACIFIC
6.1.1. COUNTRY
ANALYSIS
6.1.1.1. CHINA
6.1.1.1.1. CHINA AGRICULTURE
TECHNOLOGY AS A SERVICE MARKET FORECAST & PROSPECTS
6.1.1.2. JAPAN
6.1.1.2.1. JAPAN AGRICULTURE
TECHNOLOGY AS A SERVICE MARKET FORECAST & PROSPECTS
6.1.1.3. INDIA
6.1.1.3.1. INDIA AGRICULTURE
TECHNOLOGY AS A SERVICE MARKET FORECAST & PROSPECTS
6.1.1.4. SOUTH
KOREA
6.1.1.4.1. SOUTH
KOREA AGRICULTURE TECHNOLOGY AS A SERVICE MARKET FORECAST & PROSPECTS
6.1.1.5. ASEAN
COUNTRIES
6.1.1.5.1. ASEAN
COUNTRIES AGRICULTURE TECHNOLOGY AS A SERVICE MARKET FORECAST & PROSPECTS
6.1.1.6. AUSTRALIA
& NEW ZEALAND
6.1.1.6.1. AUSTRALIA
& NEW ZEALAND AGRICULTURE TECHNOLOGY AS A SERVICE MARKET FORECAST &
PROSPECTS
6.1.1.7. REST
OF ASIA-PACIFIC
6.1.1.7.1. REST
OF ASIA-PACIFIC AGRICULTURE TECHNOLOGY AS A SERVICE MARKET FORECAST &
PROSPECTS
7. COMPETITIVE
LANDSCAPE
7.1. AGCO
CORPORATION
7.1.1. OVERVIEW
7.1.2. PRODUCT
PORTFOLIO
7.1.3. KEY
STRENGTH
7.1.4. KEY
CHALLENGE
7.2. DEERE
AND COMPANY
7.2.1. OVERVIEW
7.2.2. PRODUCT
PORTFOLIO
7.2.3. KEY
STRENGTH
7.2.4. KEY
CHALLENGE
7.3. TRIMBLE
INC
7.3.1. OVERVIEW
7.3.2. PRODUCT
PORTFOLIO
7.3.3. KEY
STRENGTHS
7.3.4. KEY
CHALLENGES
7.4. RAVEN
INDUSTRIES INC
7.4.1. OVERVIEW
7.4.2. PRODUCT
PORTFOLIO
7.4.3. KEY
STRENGTH
7.4.4. KEY
CHALLENGE
7.5. FUJITSU
7.5.1. OVERVIEW
7.5.2. PRODUCT
PORTFOLIO
7.5.3. KEY
STRENGTH
7.5.4. KEY
CHALLENGES
7.6. TOPCON
CORPORATION
7.6.1. OVERVIEW
7.6.2. PRODUCT
PORTFOLIO
7.6.3. KEY
STRENGTH
7.6.4. KEY
CHALLENGE
7.7. CLAAS
KGAA MBH
7.7.1. OVERVIEW
7.7.2. PRODUCT
PORTFOLIO
7.7.3. KEY
STRENGTH
7.7.4. KEY
CHALLENGES
7.8. HEXAGON
AB
7.8.1. OVERVIEW
7.8.2. PRODUCT
PORTFOLIO
7.8.3. KEY
STRENGTH
7.8.4. KEY
CHALLENGE
7.9. IBM
CORPORATION
7.9.1. OVERVIEW
7.9.2. PRODUCT
PORTFOLIO
7.9.3. KEY
STRENGTHS
7.9.4. KEY
CHALLENGE
7.10. MICROSOFT
CORPORATION
7.10.1. OVERVIEW
7.10.2. PRODUCT
PORTFOLIO
7.10.3. KEY
STRENGTH
7.10.4. KEY
CHALLENGE
8. RESEARCH
METHODOLOGY & SCOPE
8.1. RESEARCH
SCOPE & DELIVERABLES
8.2. SOURCES
OF DATA
8.3. RESEARCH
METHODOLOGY
TABLE 1: ASIA-PACIFIC
AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY COUNTRY OUTLOOK, 2024-2032 (IN $
MILLION)
TABLE 2: LIST OF
COLLABORATIONS
TABLE 3: LIST OF PRODUCT
LAUNCHES
TABLE 4: LIST OF INVESTMENTS
& EXPANSIONS
TABLE 5: ASIA-PACIFIC
AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY TECHNOLOGY, 2024-2032 (IN $
MILLION)
TABLE 6: ASIA-PACIFIC
AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY TYPE, 2024-2032 (IN $ MILLION)
TABLE 7: ASIA-PACIFIC
AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY APPLICATION, 2024-2032 (IN $
MILLION)
TABLE 8: ASIA-PACIFIC
AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY COUNTRY OUTLOOK, 2024-2032 (IN $
MILLION)
FIGURE 1: PORTER’S FIVE FORCES
ANALYSIS
FIGURE 2: KEY BUYING IMPACT
ANALYSIS
FIGURE 3: MARKET
ATTRACTIVENESS INDEX
FIGURE 4: ASIA-PACIFIC
AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY TECHNOLOGY, 2023 & 2032 (IN
%)
FIGURE 5: ASIA-PACIFIC
AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY DATA ANALYTICS &
INTELLIGENCE, 2024-2032 (IN $ MILLION)
FIGURE 6: ASIA-PACIFIC
AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY GUIDANCE TECHNOLOGY, 2024-2032
(IN $ MILLION)
FIGURE 7: ASIA-PACIFIC
AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY SENSING TECHNOLOGY, 2024-2032
(IN $ MILLION)
FIGURE 8: ASIA-PACIFIC
AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY VARIABLE RATE APPLICATION TECHNOLOGY,
2024-2032 (IN $ MILLION)
FIGURE 9: ASIA-PACIFIC
AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY OTHER TECHNOLOGIES, 2024-2032
(IN $ MILLION)
FIGURE 10: ASIA-PACIFIC
AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY TYPE, 2023 & 2032 (IN %)
FIGURE 11: ASIA-PACIFIC
AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY SOFTWARE AS A SERVICE (SAAS),
2024-2032 (IN $ MILLION)
FIGURE 12: ASIA-PACIFIC
AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY EQUIPMENT AS A SERVICE (EAAS),
2024-2032 (IN $ MILLION)
FIGURE 13: ASIA-PACIFIC
AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY APPLICATION, 2023 & 2032 (IN
%)
FIGURE 14: ASIA-PACIFIC
AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY YIELD MAPPING AND MONITORING,
2024-2032 (IN $ MILLION)
FIGURE 15: ASIA-PACIFIC
AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY SOIL MANAGEMENT, 2024-2032 (IN $
MILLION)
FIGURE 16: ASIA-PACIFIC
AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY CROP HEALTH MANAGEMENT,
2024-2032 (IN $ MILLION)
FIGURE 17: ASIA-PACIFIC
AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY NAVIGATION AND POSITIONING,
2024-2032 (IN $ MILLION)
FIGURE 18: ASIA-PACIFIC
AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY OTHER APPLICATIONS, 2024-2032
(IN $ MILLION)
FIGURE 19: ASIA-PACIFIC
AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY COUNTRY OUTLOOK, 2023 & 2032
(IN %)
FIGURE 20: CHINA AGRICULTURE
TECHNOLOGY AS A SERVICE MARKET 2024-2032 (IN $ MILLION)
FIGURE 21: JAPAN AGRICULTURE TECHNOLOGY
AS A SERVICE MARKET 2024-2032 (IN $ MILLION)
FIGURE 22: INDIA AGRICULTURE
TECHNOLOGY AS A SERVICE MARKET 2024-2032 (IN $ MILLION)
FIGURE 23: SOUTH KOREA
AGRICULTURE TECHNOLOGY AS A SERVICE MARKET 2024-2032 (IN $ MILLION)
FIGURE 24: ASEAN COUNTRIES
AGRICULTURE TECHNOLOGY AS A SERVICE MARKET 2024-2032 (IN $ MILLION)
FIGURE 25: AUSTRALIA & NEW
ZEALAND AGRICULTURE TECHNOLOGY AS A SERVICE MARKET 2024-2032 (IN $ MILLION)
FIGURE 26: REST OF
ASIA-PACIFIC AGRICULTURE TECHNOLOGY AS A SERVICE MARKET 2024-2032 (IN $
MILLION)