Farming As a Service Market

Farming As a Service Market Size By Services (Access to Markets, Production Assistance, and Farm Management Solutions), By Delivery Model (Pay-per-Use and Subscription), and By End-User (Government, Financial Institutions, Farmers, Corporate, and Advisory Bodies), Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2024 to 2033

Base Year: 2023 Historical Data: 2020-22
  • Report ID: TBI-14417
  • Published Date: Jun, 2024
  • Pages: 239
  • Category: Agriculture
  • Format: PDF
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The global farming as a service market was valued at USD 4.2 billion in 2023, growing at a CAGR of 14.3% from 2024 to 2033. The market is expected to reach USD 15.9 billion by 2033. Farming as a Service (FaaS) allows farmers to save money by eliminating the need for large upfront investments in machinery and equipment, propelling the expansion of farming as a service industry.

Market Introduction:

Farming as a Service (FaaS) is a business concept that enables farmers to subscribe to or pay for a service that provides sophisticated, expert, and user-friendly agricultural solutions. It is a set of expert services that provides various solutions for agricultural management. Furthermore, FaaS system gives access to various services to farmers, such as precision farming technologies, labor and utility services, equipment rentals, analytics, and a wider market and audience. FaaS also provides farmers easy access to timely labor availability, equipment rental for the right amount of time, and utility services, such as irrigation and power. Farming as a service business is expanding due to the use of cutting-edge technologies in agricultural products. Several modern technologies for agriculture, such as yield mapping software (YMS), data management software, variable rate technology (VRT), GPS technology,  and mapping software which help in lowering farming costs and increasing soil fertility. This also helps in promoting sustainable agriculture. As the Internet of Things (IoT) is energy efficient and less expensive, it is widely used for agricultural purposes.

Farming As a Service Market Size

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Recent Development

In March 2022,  The government plans to launch a super app for farmers that would integrate several digital platforms and accessible smartphone apps, according to a statement by the Ministry of Agriculture and Farmers Welfare. By having the latest research and development, government programmes, advisories for different agroclimatic zones, weather and market updates, and more readily available under one roof, farmers will gain from the consolidation.

In July 2022, To bolster its agri-business segment, ITC Limited recently unveiled ITCMAARS (Meta Market for Advanced Agricultural Rural Access to Markets), a full-stack agritech application.

Market Dynamics:


Enhanced sustainability- Precision agriculture using sensors, drones, IoT devices, satellite imagery, and other tools reduces waste and its detrimental effects on the environment by enabling the targeted deployment of resources and encouraging the use of regenerative farming practices like agroforestry, crop rotation, cover crops, and less tillage. These practices promote soil health, boost biodiversity, decrease erosion and fertiliser discharge, and sequester carbon.


Data privacy and security concerns- FaaS platforms can collect personal information of farmers, such as contact details, financial information, and information pertinent to their farms. These informations can be misused by unauthorised people. This is a serious problem for farmers which are not much into the technology. FaaS technology supply chains involve several vendors and partners, any of whom may present a cybersecurity vulnerability. Farmers must assess each party involved in the FaaS ecosystem's security measures. Such security and privacy issues impede the growth of farming as a service industry.


Supply chain optimization- With a complete understanding of seasonal swings, market trends, and client preferences, one may utilise machine learning algorithms and data analytics to estimate demand precisely, ensure that resources are deployed properly, and optimise production schedules. Inventory management systems facilitate tracking materials, equipment, and finished commodities along the supply chain. With these solutions, you can maintain optimal inventory levels, reduce waste, and have fewer stockouts. By optimising routes and means of transportation, they also save lead times and transportation costs. Utilising tools like GPS tracking and route optimisation software, FaaS boosts fleet productivity and visibility.

Regional segmentation analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. North America emerged as the largest global farming as a service market, with a 42% market revenue share in 2023.

North America emerged as the largest market for farming as a service. The farmers in this region were among the first to use agricultural technology as they recognised the potential of digital solutions to increase efficiency, sustainability, and productivity. Precision agriculture has become more popular owing to technical innovations like GPS, drones, sensors, and data analytics.

North America Region Farming As a Service Market Share in 2023 - 42%

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Services Segment Analysis

The services segment is divided into access to markets, production assistance, and farm management solutions. The farm management solutions segment dominated the market, with a market share of around 42% in 2023. Among the services offered by farming as a service market are software programs that guide farmers in planning crop rotation, choosing crops suitable for their land, and scheduling plantings.

Delivery Model Segment Analysis

The delivery model segment is divided into pay-per-use and subscription. The subscription segment dominated the market, with a market share of around 58% in 2023. The subscription delivery model can be widely used by farmers to get the latest farming technology and equipment on a regular basis by paying a subscription fee at once of in installments.

End-User Segment Analysis

The end-user segment is divided into government, financial institutions, farmers, corporate, and advisory bodies. The farmers segment dominated the market, with a market share of around 28% in 2023. Farming As a Service is widely adopted by farmers for crop farming, animal breeding, aquaculture, and horticulture.

Some of the Key Market Players:
  • apollo agriculture
  • Trimble Inc.
  • SGS Société Générale de Surveillance SA
  • Precision Hawk
  • 63Ideas Infolabs Private Limited
  • Accenture
  • Deere & Company
  • Mahindra & Mahindra Ltd.
  • Taranis

Report Description:

Attribute Description
Market Size Revenue (USD Billion)
Market size value in 2023 USD 4.2 Billion
Market size value in 2033 USD 15.9 Billion
CAGR (2024 to 2033) 14.3%
Historical data 2020-2022
Base Year 2023
Forecast 2024-2033
Region The regions analyzed for the market are Asia Pacific, Europe, South America, North America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level.
Segments Services, Delivery Model, End-User

Frequesntly Asked Questions

As per The Brainy Insights, the size of the farming as a service market was valued at USD 4.2 billion in 2023 to USD 15.9 billion by 2033.

The global farming as a service market is growing at a CAGR of 14.3% during the forecast period 2024-2033.

North America emerged as the largest farming as a service market.

Key players in the farming as a service market are apollo agriculture, Trimble Inc., SGS Société Générale de Surveillance SA, Precision Hawk, 63Ideas Infolabs Private Limited, Accenture, Deere & Company, Mahindra & Mahindra Ltd., Taranis, and

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This study forecasts global, regional, and country revenue from 2020 to 2033. The Brainy Insights has segmented the global farming as a service market based on the below-mentioned segments:

Global Farming As a Service Market By Services:

  • Access to Markets
  • Production Assistance
  • Farm Management Solutions

Global Farming As a Service Market By Delivery Model:

  • Pay-per-Use
  • Subscription

Global Farming As a Service Market By End-User:

  • Government
  • Financial Institutions
  • Farmers
  • Corporate
  • Advisory Bodies 

Global Farming As a Service Market By Region:                         

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa  
    • UAE
    • South Africa


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