North America Agriculture Technology As A Service Market Forecast 2023-2032

North America Agriculture Technology As A Service Market Forecast 2023-2032

KEY FINDINGS
The North America Agriculture Technology as a Service market is expected to grow at a CAGR of 16.44% during the forecast period 2023-2032. The continuous growth in hybrid crop production and the ongoing technological advancements in agriculture present substantial opportunities for market expansion.

MARKET INSIGHTS
In order to estimate the growth of North America agriculture technology as a service market, Canada and the United States are assessed. In 2021, there were 2.01 million farms in the United States, occupying 895 million acres of land, with a 445-acre average farm size, according to a recent assessment by the USDA Economic Research Service. By 2050, the USDA aims to boost agricultural output in the country by 40% while halving its impact on the environment. The National Institute of Food and Agriculture (NIFA) Sustainable Agriculture System initiative, which the USDA announced investment under, will invest roughly $146 million in sustainable agriculture research projects to build and enhance the country’s climate-smart food and agriculture system.

In Canada, a survey from February 2022 found that in order to help farmers control and minimize the climate effect of their agricultural activities, the government allocated $182.7 million to partner groups through the Ontario Soil and Crop Improvement Association. The need for agriculture technology as a service market in Canada has expanded as a result of such government initiatives and programs to strengthen the entire agriculture sector. A significant part of the Canadian economy is contributed by the agriculture and agri-food sector. The agriculture sector contributed $134.9 billion, or approximately 6.8%, of Canada’s GDP. Hence, these factors are set to boost the market growth in North America during the forecast period.

COMPETITIVE INSIGHTS
Some of the leading firms in the market are Deere & Company, AGCO Corporation, etc.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.