Skip to main content

How Is Improving Internet Connectivity Encouraging Farming as a Service Usage in India?

In recent years, the players in the Indian farming as a service market have focused on geographical expansion and product launches to consolidate their position. For instance, in June 2020, KhetiBuddy Agritech Private Limited introduced a free mobile app to offer farm management solutions to farmers.

The app assists cultivators in managing the fields, harvesting, and sowing and guides them in personalizing the crop schedule based on soil data, weather, and inventory data by procuring localized information. Furthermore, in February 2021, Mahindra & Mahindra Ltd. introduced its FaaS business in Karnataka by establishing Krish-e centers.


The type segment of the Indian farming as a service market is categorized into market access solutions, farm management solutions, and services. Under this segment, the farm management solutions category generated the highest revenue in 2020 due to the existence of a large number of market players and hefty investments made by public and privately owned businesses in this industry.

Additionally, the increasing advancements in products and solutions used for farming activities will also contribute to the growth of this category. The aforementioned types of FaaS are available in pay-per-use and subscription models.

At present, companies, such as Mahindra & Mahindra Ltd., RML Information Services Pvt. Ltd., Deere & Company, Em3 Agriservices Pvt. Ltd., Ulink Agritech Pvt. Ltd., Intello Labs Pvt. Ltd., Tractors and Farm Equipment Limited (TAFE), Utkal Tubers India Pvt. Ltd., ITC Ltd., KhetiBuddy Agritech Private Limited, and Cropin Technology Solutions Pvt. Ltd., are offering these services to the farming community of India.

Comments

Popular posts from this blog

Increasing Internet Penetration Fueling Demand for Product Analytics

With the increasing penetration of the internet in both developing countries such as China and India and developed countries such as Singapore and the U.S., the worldwide demand for product analytics is rising rapidly. For example, according to the Office for National Statistics, in 2018, 90% of all households in Great Britain had access to the internet. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/product-analytics-market/report-sample Additionally, the total percentage of adults who used the internet daily grew from 35% to 86% from 2006 to 2018 in the country. The rapid digital transformation in various countries is pushing up the requirement for product analytics solutions. Moreover, businesses all over the world are increasingly adopting advanced technologies such as product analytics for building a holistic understanding and delivering greater customer engagement. Apart from this, rapid advancements and innovations being made in various cog...

Conversational AI Market Worldwide Opportunities, Driving Forces, COVID-19 Impact Analysis, Future Potential 2030

There are two ways in which conversational AI solutions are deployed, namely cloud and on-premises. Of these, the conversational AI solutions deployed through cloud recorded higher demand in 2018, and this deployment method is expected to remain more popular in the coming years. This is primarily attributed to the ballooning demand for scalability and easier maintenance features and 24*7 services offered by these solutions. Furthermore, many major companies are adopting cloud-based solutions for increasing their operational flexibility and reducing their operational costs. Coherent with these facts, the biggest phenomenon currently being observed in the conversational AI market is the mushrooming implementation of chatbots, as well as IVA, in various healthcare applications. Geographically, the highest demand for conversational AI market share has been witnessed in North America in the last few years, and the next few years will witness a similar situation. For instance, a Mahara...

Battery Management System Market Size, Status, Top Players, Trends in Upcoming Years

The International Energy Association (IEA) predicts that the sale of battery electric vehicles (BEV) (trucks) and plug-in hybrid electric vehicles (PHEV) (trucks) will reach around 96,555 units and 107,571 units, respectively, by 2025. The organization also forecasts that the global stock of BEV cars and PHEV cars will reach 29,626,576 units and 16,335,941 units, respectively, by 2025. The surging electric vehicle (EV) sales will create an extensive requirement for battery management systems (BMSs) in the coming years, as batteries are the most important component of such vehicles. Besides, the surging use of rechargeable batteries in consumer electronic products is expected to drive the battery management system market at a vigorous CAGR of 15.0% during the forecast period (2021–2030).   The market revenue is expected to surge from $5,661.0 million in 2020 to $22,279.6 million by 2030. BMSs are installed in consumer electronics to control the operation of batteries and manag...