Farming as a Service Market Regional Analysis:
North American Market Insights
North America industry is predicted to dominate majority revenue share of 45% by 2035. The market growth in the region is due to the rapid economic expansion. Despite making up less than 4% of the global population, Americans produce and earn more than 15% of global GDP.
The region's economy benefits greatly from the agricultural industry, which may augment the adoption of farming as a service market.
The United States is home to significant international producers of agricultural machinery, who have maintained their dominant positions in the sector, leading to a higher adoption of farming as a service market.
In Canada, agriculture is a major industry and is a worldwide hub for companies looking to expand into the food, agri-tech, and agriculture industries.
APAC Market Insights
The Asia Pacific region will also encounter huge growth for the farming as a service market during the forecast period and will hold the second position owing to the increasing popularity of precision farming in the region.
The most common farming technique in the area is expected to be digital farming, which is an innovative technique driving improvements in the APAC food supply chain led by government programs in emerging nations that promote the adoption of contemporary precision farming technologies intending to maximize productivity.
Japan is a leader in the field of smart farming, with technology that uses AI and satellite imaging to make data-driven agriculture accessible to even smallholder farmers at reasonable prices.
China has emerged as one of the agriculturally technologically advanced nations, which may fuel the farming as a service market revenue.
A lot of agritech businesses that use the farming-as-a-service (FaaS) model are currently working to develop cutting-edge farming-related technology processes in India to assist farming in becoming a sustainable business and providing farmers a wide range of services at reasonable costs.
