Farming as a Service Market Analysis

Service (Farm Management Solutions, Production Assistance, Access to Markets)

Farm management solutions segment is expected to dominate farming as a service market share of over 77% by 2036. The segment growth can be attributed to the expanding landscape of drones. It is predicted that the global drone industry will expand by more than 2% between 2024 and 2028, reaching a market size of around USD 4 billion by that year.

Farm management software helps farmers make accurate agronomic and financial decisions to enhance production and profitability by using high-tech equipment including drones, and satellites which help in gathering exact information about farms and their situations.

Farming as a service (faaS) models are gaining traction, giving farmers access to drone technology that can raise national agricultural standards by helping farmers with various tasks and facilitating improved data management.

Delivery Model (Subscription, Pay-per-Use)

The subscription segment in farming as a service market is estimated to gather the highest CAGR from 2024 to 2036. The major factor for the expansion of the segment is the rise of the subscription economy. Convenience ranked as the primary motivation for subscription service usage globally in 2023, with over 45% of consumers either presently enrolled or expected to do so.

Farming as a service provides cutting-edge, expert-level solutions for agriculture and related services through a subscription model where farmers can rent out equipment for a certain amount of time, which proves to be more economical as compared to the pay-per-use model.

Our in-depth analysis of the farming as a service market includes the following segments: