Farm Management Software Market

GMI Research analysis indicates that the Farm Management Software Market size was estimated at USD 2.6 billion in 2022 and is slated to register a single digit CAGR of 11.1% over the forecast period, and is projected to reach USD 6.0 billion in 2030.

Introduction of the Farm Management Software Market Report

The farm management software helps in planning, monitoring, and analyzing all the activities in the farm. The increasing demand for food due to the rising population rate is creating the requirement to avoid wastage. This has focused on the implementation of specific farming methods, therefore surging the demand of this software. The global farm management software market covers various application such as precision farming, precision livestock, precision aquaculture, smart greenhouses, and others.

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Market Dynamic

Key Drivers and Emerging Trends

The key driver that is contributing to the growth of the global farm management software market size includes the growing implementation of artificial intelligence and machine learning (ML) for real-time farm data management. The rising agricultural activities followed by the rising requirement for real-time data for decision making is further helping the market to grow. Various advanced technologies, such as AI and machine learning, are helping in managing the data exchanged between hardware equipment and people to streamline the farm management process. In addition to this, the growing adoption of remote sensing technology in the agriculture sector owing to the emergence of drones and GIS, is further responsible for the market growth. The images captured by the devices feature remote sensing technology, which can be used for the detection of crop water stress, monitoring of weeds & crops, classification of crop species, and mapping of soil properties.

The rising adoption of site-specific crop management will decrease the usage of pesticides, enhance crop yields, and offer better information for farm management decisions. The farm productivity is increased by forecasting the crop performance through environmental conditions.

Restraint in the Farm Management Software Industry

However, the limited technical expertise and the advanced infrastructure, especially in developing countries, are the major factors that are hindering the market growth. The farmers are witnessing difficulties in understanding the process to use farm management software, agricultural data handling, and its uses in decision making.

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Application – Segment Analysis

Based on the application, the precision aquaculture segment is anticipated to grow at a higher CAGR during the forecast period. This is mainly due to the rising demand for protein-rich aqua food products. Moreover, the increasing production of different types of fishes and an adequate amount of nutrients according to the requirement is further surging the market growth. The fish farmers are increasingly opting for farm management software for feeding management to enhance fish production.

Offering – Segment Analysis

Based on the offering, the data analytics services is expected to grow at a higher CAGR over the forecast period. The growing requirement for real-time management using cloud computing to support the adoption of modern agricultural techniques is a major factor that is surging the demand for the segment. Additionally, the rising usage of agricultural software to maintain farm efficiencies is further contributing to the market growth.

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Regional – Segment Analysis

Based on the region, Asia-Pacific region is predicted to dominate the market during the forecast period. The growing prospects in the APAC region as there has been an increase in the adoption of farm management software is a major factor that is responsible for the regional market growth. Moreover, the rising population rate and the growing need to cope up with the growing demand for agricultural products are further surging the demand for farm management software over the coming years.

Top Market Players

Various notable players operating in the market include Trimble, Inc., Raven Industries, Inc., Topcon, Granular Inc., Corteva, Agrivi, AG Junction, Farmers Edge Inc., Agworld Pty Ltd., and Deere & Company, among others. 

Key Developments:

• • In 2021, Agworld Pty Ltd., collaborated with AgVend, one of the leading companies that powers the unified experience for growers and sales teams. The main objective is to integrate between the AgVend and Agworld to develop a seamless digital experience.
  • In 2020, Ravan Industries, Inc., launched the new tool Virtual Thumb Drive (VTD) in the Ravan Applied Technologies’ expansive CRx field computer.
  • In 2020, Trimble, Inc., entered in a partnership with Ecobot, with an aim to integrate with Ecobot’s Natural Resources Platform to allow fast sub-meter accurate wetland delination.

Segments Covered in the Report:

The global Farm Management Software market has been segmented on the basis of Offering, Farm Production Planning, Farm Size, Application and regions. Based on Offering, the market is segmented into On-Cloud, On-Premise, and Data Analytics Services. Based on Farm Production Planning, the market is segmented into Pre-production planning, production planning, and post-production planning. Based on Farm Size, the market is segmented into Large Farm, Medium Farm, and Small Farm. Based on Application the market is segmented into

Precision Farming, Precision Livestock, precision aquaculture, precision forestry, smart greenhouses, and others. 

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Key questions answered in this research report:

• • At what pace is global Farm Management Software market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Farm Management Software market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Farm Management Software market?
  • Which Offering generated maximum revenues in 2019 and identify the most promising Offering during the forecast period?
  • What are the various Farm Production Planning areas of global Farm Management Software market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Farm Management Software Market by Offering

• • On-Cloud
  • On-Premise
  • Data Analytics Services

Global Farm Management Software Market by Farm Production Planning

• • Pre-production planning
  • Production planning
  • post-production planning

Global Farm Management Software Market by Farm Size

• • Large Farm
  • Medium Farm
  • Small Farm

Global Farm Management Software Market by Application

• • Precision Farming
  • Precision Livestock
  • Precision Aquaculture
  • Precision Forestry
  • Smart Greenhouses
  • Others

Global Farm Management Software Market by Region

• • North America Farm Management Software Market (Option 1: As a part of the free 25% customization)

    • By Offering
    • By Farm Production Planning
    • By Farm Size
    • By Application
    • US Market All-Up
    • Canada Market All-Up

  • Europe Farm Management Software Market (Option 2: As a part of the free 25% customization)

    • By Offering
    • By Farm Production Planning
    • By Farm Size
    • By Application
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up

  • Asia-Pacific Farm Management Software Market (Option 3: As a part of the free 25% customization)

    • By Offering
    • By Farm Production Planning
    • By Farm Size
    • By Application
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up

  • RoW Farm Management Software Market (Option 4: As a part of the free 25% customization)

    • By Offering
    • By Farm Production Planning
    • By Farm Size
    • By Application
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Farm Management Software (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Trimble, Inc.
  • Raven Industries, Inc.
  • Topcon
  • Granular Inc.
  • Corteva
  • Agrivi
  • AG Junction
  • Farmers Edge Inc.
  • Agworld Pty Ltd.
  • Deere & Company