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Global Farm Management Software Market – Industry Trends and Forecast to 2031

Semiconductors and Electronics

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Global Farm Management Software Market – Industry Trends and Forecast to 2031

  • Semiconductors and Electronics
  • Upcoming Report
  • Apr 2024
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Farm Management Software Market – Industry Trends and Forecast to 2031

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 2,402.00 USD Million
Diagram Market Size (Forecast Year) USD 10,580.00 USD Million
Diagram CAGR %

Major Markets Players

  • Grownetics
  • Auroras
  • Granular
  • TOPCON
  • The Climate Corporation

Global Farm Management Software Market, By Agriculture Type (Precision Farming, Livestock Monitoring, Fish Farming, Smart Greenhouse Farming, and Others), Delivery Model (Local/Web Based, and Cloud Based), Service Provider (System Integrators, Managed Service Providers, Assisted Professional Service Providers, Connectivity Service Providers, Maintenance, Upgradation, and Support Service Providers), Application (Precision Farming, Livestock Monitoring, Fish Farming, Smart Greenhouse Farming, and Others) – Industry Trends and Forecast to 2031.

 Farm Management Software Market

Farm Management Software Market Analysis and Size

The farm management software market offers advanced solutions, enabling seamless integration of data for optimized agricultural practices. Its advancement empowers farmers with real-time monitoring, analytics, and automation, enhancing productivity and sustainability. The benefits include streamlined operations, cost savings through efficient resource allocation, and improved decision-making, driving growth in the agricultural sector.

The global farm management software market size was valued at USD 2.79 billion in 2023, is projected to reach USD 9.27 billion by 2031, with a CAGR of 16.2% during the forecast period 2024 to 2031. 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.

Report Scope and Market Segmentation       

Report Metric

Details

Forecast Period

2024 to 2031

Base Year

2023

Historic Years

2022 (Customizable to 2016 - 2021)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Agriculture Type (Precision Farming, Livestock Monitoring, Fish Farming, Smart Greenhouse Farming, and Others), Delivery Model (Local/Web Based, and Cloud Based), Service Provider (System Integrators, Managed Service Providers, Assisted Professional Service Providers, Connectivity Service Providers, Maintenance, Upgradation, and Support Service Providers), Application (Precision Farming, Livestock Monitoring, Fish Farming, Smart Greenhouse Farming, and Others)

Countries Covered

U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina, and Rest of South America

Market Players Covered

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.) and Aker Solutions (Norway)

Market Opportunities

  • Rising Awareness of Sustainability and Environmental Concerns
  • Technological Advancements and Innovation

Market Definition

Farm management software helps agricultural businesses streamline operations by organizing tasks such as crop planning, inventory management, and financial tracking. It provides tools for optimizing resources, monitoring crop health, and analyzing data for informed decision-making. With features such as mobile accessibility and integration with IoT devices, it enhances efficiency, productivity, and sustainability in modern farming practices.

Farm Management Software Market Dynamics

Drivers

  • Increasing Adoption of Precision Agriculture

Precision agriculture, leveraging technology to optimize inputs such as water, fertilizers, and pesticides, propels the demand for farm management software. These tools enable real-time monitoring and management, enhancing efficiency and slashing costs. For instance, software integrating satellite imagery and soil sensors assists farmers in precisely tailoring irrigation and nutrient applications, boosting yields while minimizing waste.

  • Growing Need for Data-Driven Decision Making

As big data and IoT technologies permeate agriculture, farm management software becomes essential for collecting, analyzing, and visualizing data from diverse sources such as sensors, drones, and satellite imagery. This empowers farmers to make precise decisions on planting, irrigation, and crop protection. For instance, analyzing soil moisture data from IoT sensors enables farmers to optimize irrigation schedules, conserving water while maximizing crop yield.

Opportunities

  • Rising Awareness of Sustainability and Environmental Concerns

Farmers are increasingly recognizing the significance of sustainable farming practices for environmental preservation. Farm management software facilitates the adoption of methods such as conservation tillage, crop rotation, and integrated pest management. This enables enhanced soil health, minimized chemical dependency, and decreased environmental footprint. For instance, software-enabled precision irrigation helps conserve water resources, promoting sustainable agricultural practices.

  • Technological Advancements and Innovation

Rapid technological advancements in cloud computing, AI, machine learning, and mobile connectivity are revolutionizing farm management software. For instance, AI-powered algorithms analyze crop health from drone imagery, aiding precision agriculture. Mobile apps offer real-time monitoring, enabling farmers to control irrigation systems remotely. These innovations enhance efficiency and decision-making, catering to the dynamic needs of modern agriculture.

Restraints/Challenges

  • Data Breaches and Security Issues

Farmers manage sensitive data such as crop yields and financial records, raising concerns about potential data breaches and security vulnerabilities in software solutions designed for agricultural management. Protecting this information is paramount for maintaining trust and integrity. Concerns over data privacy and protection can hinder their acceptance of such technologies. Addressing these issues is crucial for fostering trust and widespread adoption of farm management software in agricultural operations.

  • Lack of Education and Training

Limited digital literacy among older-generation farmers presents a major obstacle to the widespread adoption of farm management software. Without sufficient understanding of digital tools, these farmers face challenges in leveraging technology for agricultural management. Overcoming this challenge demands extensive and effective user education and training programs. This necessity for comprehensive training programs is expected to restrain the market's growth, requiring a sustained effort to address the issue in the long term.

This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, 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 market, contact data bridge market research for an analyst brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Developments

  • In May 2022, AGCO's acquisition of JCA Industries aims to bolster engineering and software development capacities, expediting the progress of highly automated and autonomous machinery, enhancing AGCO's innovation in the agricultural sector
  • In April 2022, Deere & Company and GUSS Automation established a joint venture with a Kingsburg, Calif.-based LLC. This collaboration integrates Deere's expertise with GUSS Automation's pioneering semi-autonomous sprayers for orchards and vineyards, advancing agricultural automation
  • In March 2021, DeLaval introduced the RC550 & RC700, robotic collectors tailored for solid floors. These innovations optimize cow comfort and hoof health, featuring a unique rotary manure intake system that efficiently handles waste without additional water usage
  • In January 2021, John Deere unveiled the Work Planner feature, enhancing farmers' operational efficiency. This tool streamlines setup processes, enabling operators to work more swiftly in the field. It offers farmers a comprehensive solution for managing their agricultural operations effectively

Farm Management Software Market Scope

The market is segmented on the basis of agriculture type, delivery mode, service provider, and application. The growth amongst these segments will help you analyze 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.

Agriculture Type

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

 Delivery Model

  • Local/Web Based
  • Cloud Based

 Service Provider

  • System Integrators
  • Managed Service Providers
  • Assisted Professional Service Providers
  • Connectivity Service Providers
  • Maintenance
  • Upgradation
  • Support Service Providers

 Application

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

Farm Management Software Market Regional Analysis/Insights

The market is analysed and market size insights and trends are provided by agriculture type, delivery mode, service provider, and application as referenced above.

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

Asia-Pacific is expected to witness significant growth in the market during the forecasted period. This surge is propelled by increasing digitization, smart irrigation adoption for water conservation, and rising investments in IT infrastructure, driving efficiency and innovation in agricultural practices across the region.

North America is expected to dominate the market due to its advanced IT infrastructure and rapid adoption of modern technologies. The region's conducive environment fosters innovation, facilitating efficient farm management solutions and driving technological advancements in agriculture.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as 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, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Farm Management Software Market Share Analysis

The market competitive landscape provides details by competitor. 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 market.

Some of the major players operating in the 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)


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FREQUENTLY ASK QUESTIONS

Increasing Adoption of Precision Agriculture & Growing Need for Data-Driven Decision Making are the growth drivers of the farm management software market.
Agriculture type, delivery mode, service provider, and application are the factors on which the farm management software market research is based.
Major companies in the farm management software 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.) and Aker Solutions (Norway).
The farm management software market size will be worth USD 9.27 billion by 2031.
The growth rate of the farm management software market is 16.2%.
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