Market Overview:
Farm Management Software Market is estimated to grow from USD 1.1 Billion in 2021 to USD 2.39 Billion by 2028 at a CAGR of 11.7% during the forecast period 2022- 2028.
Farm management software is designed to help farmers by updating the timely status of general processes that occur on the farm. Farm management software is a mobile application, website, and computer program that helps to take more accurate production decisions. This software provides solutions for planning, assessment, implementation, and optimization of agricultural tasks, to maximize production. The major benefits of farm management software are better risk management, improved planning and tracking, easy and accurate traceability, reduction of input and labor costs, and better regulatory compliance. It is filling up the technical gap in farming. To improve the overall farm efficiency this software work on fish farming, smart greenhouse farming, precision farming, and livestock monitoring. High-speed internet connectivity, low cost, and high adoptively help to boom the farm management software market throughout the forecast period.
Major Key Players for Farm Management Software Market:
- Deere & Company
- Trimble Inc.
- Agjunction Inc.
- Raven Industries Inc.
- Iteris Inc.
- AG Leader Technology
- Dickey-John Corporation
- Sst Development Group Inc
- Topcon Positioning Systems Inc
- The Climate Corporation
- Conservis Corporation
- Farmers Edge Inc.
- Delaval
- Gea Group AG
- Boumatic LLC
- Start-Up Ecosystem
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Market Dynamics and Factors:
Farm management software is providing fish farming solutions, smart greenhouse farming, precision farming, and livestock monitoring which drive the growth of farm management software in the world. There is high advancement in technology and a high rate of adoption in the technology by the farmers helps to boom the farm management software market. High-speed internet connectivity, low cost of the product and increasing awareness regarding new technology are helping farm management software manufacturers to reach out to the larger population. This is a highly efficient product that can manage a large farm area with accuracy. In the developing region, there is a high rate of the shift from traditional agricultural methods to modern agricultural practices is positively impacting the growth of the farm management software market over the forecast period.
Farm Management Software Market Report Highlight:
- By Offering, Local/Web-Based is the segment expected to have the maximum share in the farm management software market during the projected period. Web-based farm management software is simple, easy to use, and also provides security. It is readily available on smartphones, computers, and tablets which is driving the growth of the farm management software market.
- By Application, Precision aquaculture is the segment predicted to expand the most in the farm management software market during the forecast year. Increasing advancements in aquaculture generate the need for farm management software, that rising the growth of the farm management software market.
- By Farm size, a large segment led the farm management software market during the projected period. The large size of the farm requires large manpower to maintain the record of everything. To manage and maintain the farming process in large-scale farm management software is used on large farms, which also help to boost the farm management software market.
- By planning, the production segment is anticipated to develop at the highest CAGR in the farm management software market over the analysis period. The proper management of production helps to get high revenue due to this the demand for production segment is high and that helps to raise the demand for farm management software market.
- By Region, APAC is expected to dominate the farm management software market during the projection period. In the APAC region farming is the primary source of living and farmers in this region are leading in the adaptation of the new technology to carry out different processes in an effective manner. This helps in the growth of the farm management software market in this region.
Key Industry Development:
- In February 2020, Farmers edge announced a major upgrade of its digital platform, FarmCommand, to give a better experience that makes it easy to navigate critical farm information with significantly faster performance and an easy-to-use interface.
- In September 2020, AGRIVI, one of the global market leaders in farm management software companies announced the launch of new products AGRIVI Precision Field and AGRIVI Farm Fleet within its digital agriculture solution segment. This provides real-time machinery monitoring, supports growers to manage their agriculture activities, and helps in automated machinery data collection.
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Farm Management Software Market Segmentation:
By Offering
- Local/Web Based
- Cloud Based
By Application
- Precision Farming
- Precision Livestock
- Precision Aquaculture
- Precision Forestry
- Smart Greenhouse
By Farm Size
- Large
- Medium
- Small
By Planning
- Production
- Pre-Production
- Post-Production
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For this report, Introspective Market Research has segmented the Farm Management Software Market based on region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2022-2028)
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Turkey
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Vietnam
- Thailand
- Rest of Asia-Pacific
- Middle East & Africa
- Saudi Arabia
- South Africa
- Iran
- Rest of MEA
- Latin America
- Brazil
- Argentina
- Rest of LATAM
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Scope of the Report:
The report encompasses the entire analysis of market size in previous years for major segments and countries, as well as future estimates. The Farm Management Software Market study looks deeply into the worldwide market’s competitive landscape. The study also provides the names of key market players and the methods they used to gain a dominant position in the industry. It also includes useful market insights, dynamics and factors, and market analysis techniques such as PESTEL analysis, PORTER’s Five Forces analysis, value chain analysis, SWOT analysis, BCG matrix, and Ansoff matrix.
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