Dublin, May 15, 2025 (GLOBE NEWSWIRE) — The European agriculture technology-as-a-service (Agri-TaaS) market is poised for significant growth, according to a new report added to ResearchAndMarkets.com’s offering. Valued at $1.07 billion in 2024, the market is expected to reach $3.90 billion by 2034, with a robust compound annual growth rate (CAGR) of 13.81% during the forecast period.
The surge in demand for food production, coupled with the challenges posed by climate change and the need for resource-efficient farming practices, are major factors driving this market expansion. The region is witnessing a growing adoption of smart agriculture, fueled by government initiatives and an increasing awareness of data-driven decision-making in farming.
Emerging trends in the European market include the use of cloud-based farm management platforms, AI-driven predictive analytics, and the integration of robotics and drones for precision agriculture. These technologies are essential for lowering input costs, minimizing environmental impact, and maximizing crop yields as sustainable farming methods gain traction.
The report, titled “Europe Agriculture Technology-as-a-Service Market: Focus on Application, Service Type, Pricing, and Country – Analysis and Forecast, 2024-2034,” provides valuable insights for organizations looking to navigate this evolving landscape. It offers a detailed understanding of the different applications of Agri-TaaS and their potential in Europe, as well as the end-use industries and products offered by various regulations, consortiums, associations, and government programs.
The study also highlights the major developments by key players in the market, such as business expansions, partnerships, collaborations, and joint ventures. Notably, partnerships, collaborations, and joint ventures have been the favored strategies for companies looking to strengthen their position in the European Agri-TaaS market.
Moreover, the report provides a comprehensive competitive benchmarking of the players operating in the market, helping readers understand the competitive landscape. It also outlines key market strategies employed by these players, such as partnerships, agreements, and collaborations, which can aid in identifying untapped revenue pockets in the Agri-TaaS market.
Some of the prominent names established in the market and profiled in the report include Hexagon AB, 365FarmNet GmbH, and AGRIVI. The report covers a wide range of topics, from the executive summary and market dynamics to regional analysis and company profiles.
The implications of this report are significant for various stakeholders in the agricultural sector. For farmers, it highlights the potential benefits of adopting Agri-TaaS, such as reduced input costs and improved crop yields. For technology providers, it underscores the growing market opportunities and the importance of strategic partnerships. For policymakers, it emphasizes the role of government initiatives in driving the adoption of smart agriculture.
As Europe’s Agri-TaaS market continues to grow, it is set to transform conventional farming practices and shape the future of agriculture in the region. The report serves as a valuable resource for organizations looking to stay ahead of the curve in this dynamic and evolving market.