Global Farm Management Software and Services Market – Industry Trends and Forecast to 2030

Global Farm Management Software and Services Market, By Deployment Type (On-Premises, Cloud Based), Agriculture Type (Precision Farming, Livestock Monitoring, Fish Farming, Smart Greenhouse Farming), Service Type (Professional Services, Managed Services, Maintenance and Support Services, Others), Application (Record Keeping, Farm Mapping, Monitoring and Forecasting, Farm Economics) – Industry Trends and Forecast to 2030.

Farm Management Software and Services Market Analysis and Size

Farm management software is being widely adopted globally as it enhances the yield per unit of farming land to acquire best in terms of quantity, quality, and financial returns. The technology assists in better decision making, reduces waste and maximizes efficiency in operations. For farmers looking to access premium markets and meet consumer demands for traceability, farm management software provides the necessary documentation and data to prove product quality and origin.

Data Bridge Market Research analyses that the global farm management software and services market which was USD 2,408.70 million in 2022, and is expected to USD 7,215.89 million by 2030, and is expected to undergo a CAGR of 14.70% during the forecast period of 2023 to 2030. “ Precision Farming” dominates the agriculture type segment of the global farm management software and services market by their versatile properties like increased efficiency, data-driven decision making, cost reduction, environment sustainability, increased crop yields. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Farm Management Software and Services Market Scope and Segmentation

Market Definition

Farm management software and services are tools and solutions designed to help farmers and agricultural businesses manage various aspects of their farming operations efficiently. These software applications and services offer a range of features and functionalities to support farm management tasks, streamline processes, and make data-driven decisions. Farm management software and services are typically tailored to the specific needs of different types of farms, including crop farms, livestock operations, and mixed enterprises. These tools are essential for modern agriculture, helping farmers improve productivity, reduce costs, enhance sustainability, and make more informed decisions to ensure the success of their farming businesses.

Global Farm Management Software and Services Market Dynamics

Drivers

• Use of Modern Technologies in Agricultural Products

The use of modern technologies such as variable rate technology (VRT), data management software, mapping software, yield mapping software, and GPS in agricultural products is one of the major factors driving the growth of global farm management software and services market. These technologies improve land fertility and profitability, maximize productivity, reduce the cost of farming and facilitate sustainable agriculture.

•  Concerns Regarding Soil Erosion

The increase in the concerns regarding soil erosion encouraging farmers to adopt advanced agricultural technologies further influence the market. The status of soil condition plays a crucial role in decision making regarding sustainable soil management and appropriate land use that is acquired with the help of modern agricultural solutions. In addition, rapid urbanization, change in lifestyle, expansion of agricultural sector, surge in investments and increase in government initiatives positively impact the farm management software market

Opportunities

• Growing Adoption of Precision Agriculture

The increasing need to optimize resource usage, reduce waste, and enhance crop yields is driving the adoption of farm management software and precision agriculture technologies. Precision agriculture technologies, such as GPS-guided tractors, drones, and sensor-equipped machinery, allow farmers to operate with greater precision. This leads to increased efficiency in resource usage, including water, fertilizers, and pesticides. Farm management software plays a crucial role in collecting and analyzing data from these technologies to make informed decisions.

• Rising Demand for Sustainable Farming

Farm management software can help farmers meet consumer demands for sustainable and environmentally friendly agricultural practices. Growing environmental concerns, such as climate change, soil degradation, water scarcity, and biodiversity loss, have led to a greater emphasis on sustainable farming practices. Farm management software can help farmers track and reduce their environmental footprint by optimizing resource use and minimizing pollution.

Restraints/Challenges

• Data Privacy and Security Issues

Managing sensitive farm data, such as crop yields and financial information, raises concerns about data privacy and security breaches. Farm management software collects a vast amount of data, including information about crop yields, soil health, weather conditions, and more. It is crucial to ensure that this data is collected securely and stored in a way that protects it from unauthorized access.

•  Regulatory and Compliance Issues

Farmers must comply with various regulations and standards, which may require specific features and reporting capabilities in their farm management software. Adhering to manufacturer guidelines and working with experienced HVAC professionals can provide valuable insights and ensure proper maintenance practices are followed. Also, the lack of favorable reimbursement scenarios and technology penetration in the developing economies, heavy custom duty imposed on medical devices, and lack of suitable infrastructure in low- and middle-income countries are projected to challenge the market in the forecast period of 2023-2030.

This global farm management software and services market  report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global farm management software and services market contact Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.

Recent Developments

• In March 2023, Bushel Farm, the next generation in farm management software for farmers and their agribusiness partners, has been launched by Bushel Inc., an independently owned software company. The new offering relieves farmers of the burden of manual data entry while also providing valuable grain marketing insights. Bushel Farm, which is based on the company's Farm Logs solution, provides a robust feature set in both mobile and desktop experiences while maintaining an easy-to-use design
• In January 2023, Cropin, an agtech company best known for developing the first agricultural industry cloud, has announced that its farm digitization software, Cropin Grow, is now available on the Amazon Web Services (AWS) Marketplace. Cropin Grow intends to use technology to address real-world agricultural issues such as connectivity, climate change, supply chain disruptions, food waste, and food security. Cropin Grow empowers industry stakeholders to manage risks, increase productivity, maximise revenue and profit, and optimise resources by making every farm asset traceable, predictable, and sustainable. This platform is used by businesses, governments, and development organisations to provide value to all stakeholders in the food value chain

Global Farm Management Software and Services Market Scope

The global farm management software and services market is segmented on the basis of deployment type, agriculture type, service type and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Deployment Type

• On-Premises
• Cloud Based

Agriculture Type

• Precision Farming
• Livestock Monitoring
• Fish Farming
• Smart Greenhouse Farming
• Others

Service Type

• Professional Services
• Managed Services
• Maintenance
• Support Services
• Others

Application

• Record Keeping
• Farm Mapping
• Monitoring and Forecasting
• Farm Economics

Global Farm Management Software and Services Market Regional Analysis/Insights

The global farm management software and services market is analysed and market size insights and trends are provided by country, deployment type, agriculture type, service type and application as referenced above.

The countries covered in the global farm management software and services market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa

North America dominates the global farm management software and services market because of the prevalence of advanced IT infrastructure and quick adoption of modern technologies within the region.

Asia-Pacific is expected to witness significant growth in the global farm management software and services market during the forecast period of 2023 to 2030, because of the increasing rate of digitization of the economies, rising applications of smart irrigation to conserve water and surging investments towards the development of IT infrastructure in this region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends, and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Global Farm Management Software and Services Market Share Analysis

The global farm management software and services market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width, and breadth, application dominance. The above data points provided are only related to the companies focus related to the global farm management software and services market.

Some of the major players operating in the global farm management software and services market are:

• Grownetics, Inc. (U.S.)
• Auroras s.r.l. (Italy)
• Granular, Inc. (U.S.)
• TOPCON CORPORATION (Japan)
• The Climate Corporation (U.S.)
• Farmers Edge Inc (Canada)
• DICKEY-john. (U.S.)
• Conservis (U.S.)
• Ag Leader Technology. (U.S.)
• Raven Industries, Inc. (U.S.)
• Iteris, Inc. (U.S.)
• Reed Business Information Ltd (U.S.)
• AgJunction (Canada)
• Trimble Inc. (U.S.)
• Deere & Company. (U.S.)
• Mothive (U.S.)
• CropX inc. (U.S.)
• Ceres Imaging, Inc (U.S.)
• GAMAYA (Switzerland)
• AgriData Incorporated. (U.S.)
• AgEagle Aerial Systems Inc. (U.S.)
• Aker Solutions (Norway)