The demand for basic ingredients that fulfill their daily needs, such as food, is expected to grow manifold. Subsequently, improvement in the standard of living of the rising urban population across the world has led to an increased demand for fresh crop produce and animal protein as well. Rising demand for global food production, along with the pressure of providing a continuous supply of high-quality farm produce, has created an alarming situation for the growers across the world, who are struggling to increase production per hectare. Furthermore, shrinking agricultural lands and scarcity of availability of natural resources raises the urgency to resolve the concern.
Read Report Overview at: https://bisresearch.com/industry-report/global-agriculture-technology-service-market.html
The concerns and pressure on the agriculture industry, factored by the increasing demand for global food production, prompt the farmers to enhance farm profitability despite slowing yield trends in several staple crops. As advancements in technologies across end-user industries lead to an efficient world, the agriculture industry too is gradually incorporating smart technologies on farms for profitable farming. With the introduction of information and communication technologies and advancements therein in the past decade, the agriculture industry has witnessed a revolution. Professionals and experts of the industry across the world are comparing this revolution with the revolution in the previous century when new farm equipment and machinery, pesticides, fertilizers, and high-yield crop breeds led to dynamic growth in crop production around the globe.
As agriculture becomes a lucrative high-technology industry, professionals with new-age skill sets, companies, and investing bodies are being drawn in rapidly. The development in smart agriculture technologies has led to not only advancements in the production capabilities of farmers but has also introduced transformative business models in the industry.
Apart from affordable pricing, ATaaS business models provide the growers with certain features such as easy scalability and upgradation, convenient accessibility, quick deployment, and reliable data backups. By relieving the customers of ownership of agriculture technologies through the service model, the entire responsibility of ownership of assets relies on the service providers, leading to a higher cost of operations for them. Despite these additional costs, by adopting the ATaaS model, service providers are expected to experience better customer retention and recurring revenue. A service model allows the providers to remain in direct contact with their customers continually and receive constant feedback to be able to make their services a better experience for the customers and also retain them for a longer duration.
Get the Sample Report at: https://bit.ly/3xHK6zb
The upcoming trend of global agriculture technology-as-a-service is not only prevalent in developed countries and developing countries have realized its importance as well. The government of several countries has also realized the need and advantages of this business model, and thus their initiatives to promote this business model is expected to further drive the growth of the agriculture technology-as-a-service market.
