Dublin, May 15, 2025 (GLOBE NEWSWIRE) — The European agriculture technology-as-a-service (Agri-TaaS) market is poised for significant growth, according to a recent report added to ResearchAndMarkets.com’s offering. Valued at $1.07 billion in 2024, the market is projected 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 the primary drivers behind this market expansion. The European region is witnessing a notable increase in the adoption of smart agriculture, fueled by government initiatives and a growing awareness of data-driven decision-making in farming.
Emerging trends in the European market include the adoption of cloud-based farm management platforms, AI-driven predictive analytics, and the integration of robotics and drones for precision agriculture. These technologies are crucial in lowering input costs, minimizing environmental impact, and maximizing crop yields, aligning with the growing emphasis on sustainable farming methods.
The report highlights that the Agri-TaaS market is transforming conventional farming practices and shaping the future of agriculture in Europe. This transformation is further supported by rising investments in agritech startups and collaborations between technology companies and agricultural enterprises.
The comprehensive report provides valuable insights for organizations looking to understand the different applications of Agri-TaaS and their potential in Europe. It offers a detailed analysis of end-use industries, products offered by various regulations, consortiums, associations, and government programs impacting Agri-TaaS manufacturers.
Key players in the market, such as Hexagon AB, 365FarmNet GmbH, and AGRIVI, are profiled in the report, providing an overview of their product portfolios, target customers, and market strategies. The report also includes a detailed competitive benchmarking of these players, presenting a clear market landscape and highlighting untapped revenue pockets.
The report covers various regions within Europe, including Germany, France, the U.K., Italy, and the rest of Europe, providing insights into the driving factors for market growth, challenges, and opportunities in each region.
The implications of this report are far-reaching. For businesses in the agritech sector, it offers a roadmap for product innovation and marketing strategies. For investors, it highlights the potential of the Agri-TaaS market and the opportunities for growth. For policymakers, it underscores the importance of supporting sustainable farming practices and the adoption of advanced technologies in agriculture.
As the European Agri-TaaS market continues to evolve, this report serves as a valuable resource for stakeholders looking to navigate the complexities of the market and capitalize on the opportunities it presents.