Farm Management Software market will reach to USD 14.45 billion by 2032 at a CAGR of 24.7 %. And Services Market Biggest Innovation with Top Key Players -365FarmNet, Agrivi, Agroptima, Trimble, DeLaval, Boumatic, GEA Group, Fullwood, Motorleaf, AKVA Group

The global farm management software market is estimated to grow from USD 3.56 billion in 2021 to USD 14.45 billion by 2032 at a CAGR of 24.7% during 2021-2032.

The growth of the farm management software market is driven by factors such as increasing implementation of cloud computing in real-time farm data management, growing population and subsequent rise in demand for food worldwide, and strengthening of intellectual property rights over agricultural innovations. Government support to encourage the adoption of modern agricultural techniques and focus on monitoring livestock performance and health to increase farm efficiency are also driving the growth of the farm management software market.

The Farm Management Software And Services report is highly structured into a region-wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the market. The study helps understand how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR.

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The report provides a comprehensive analysis of company profiles listed below:

365FarmNet, Agrivi, Agroptima, Trimble, DeLaval, Boumatic, GEA Group, Fullwood, Motorleaf, AKVA Group, Integrated Information Systems

Farm Management Software And Services Market Types:

On-Cloud Delivery Model, On-Premise Delivery Model.

Farm Management Software And Services Market Applications:

Key players

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

This report categorizes the farm management software market based on offering, application, farm size, farm production planning, and region available at the regional and global level

By Offering
On-Cloud
On-Premise
Data Analytics Services

By Application
Precision Farming
Precision Livestock
Precision Aquaculture
Precision Forestry
Smart Greenhouses
Others

By Farm Size
Large
Medium-Sized
Small

By Farm Production Planning
Production Planning
Pre-Production Planning
Post-Production Planning

Opportunity: Rapid adoption of smart farming technologies
The global agriculture industry has witnessed tremendous advancements in smart farming technologies in recent years. Rising pressure to meet the increasing food demand with limited resources is one of the major factors responsible for the growing adoption of cutting-edge technologies, such as Internet of Things (IoT), artificial intelligence (AI), drones, and hyperspectral imaging, by farm owners. The use of these technologies in farming helps increase production; enhance production efficiency; minimize wastage of resources; improve accuracy, and precision, while providing high profitability to farm owners.

The major players include Trimble (US), Raven Industries (US), Topcon Positioning Systems (US), Granular Inc., A Corteva Agriscience Company (US), Agrivi (UK), AgJunction (US), Farmers Edge (Canada), Agworld (US), Deere & Company (US), IBM Corporation (US), SST Development Group (US), The Climate Corporation (US), Microsoft Corporation (US), Afimilk (Israel), Iteris (US), GEA Farm Technologies (Ukraine), CropX (Israel), Conservis (US), Cropio (Ukraine), CropIn (India), ec2ce (Spain), Gamaya (Switzerland), Connecterra (Netherlands), Aquabyte (US), and Eruvaka Technologies (India). (Total 25 companies)

Artificial intelligence (AI) is a promising technology capable of catering to the ongoing food demand from the agricultural industry through increased production. AI solutions improve the efficiency of agricultural operations by providing insights. The combination of IoT and advanced analytics through AI allows farmers to analyze real-time data related to weather conditions, temperatures, moistures, and crop prices in the market. AI technologies are also helping farmers to quickly and accurately pinpoint a problem using drones and robots by identifying anomalies within a field accurately and concisely. Advanced software captures thousands of visible and infrared images of each field and feeds them into an algorithm, which compiles them into a single image of the field to show which areas are damaged or require more nutrients. Once the extent of the problem has been identified in a field, farmers can focus on treating those affected areas, ultimately helping them increase efficiency and productivity.

Challenge: Management of data for productive decision-making through single digital platform
Management of data of various farm activities is a major challenge for the growth of the farm management software market. A large amount of data is regularly generated by using farm management software solution. The data obtained from the farms using agricultural tools is of high importance as it helps farmers in effective decision-making. This data needs to be stored and managed in a proper format to make farming-related decisions such as mapping, variable rate seeding, soil testing, yield monitoring, and historical crop rotation. Once the data is collected data in a raw form, it is sent for processing, and on the basis of context, relevance, and priority, it is presented to the farmer to make decisions. The adoption of farm management software and other technologies will increase if the farmers are provided with easy data management solutions in their day-to-day activities. Many farmers are not aware of the effective use of data for decision-making purposes; hence, it is important to provide farmers and growers with proper data management tools and techniques to acquire, manage, process, and use data effectively.

Precision aquaculture segment is expected to register the highest CAGR during the forecast period
The farm management software market for precision aquaculture is projected to register the highest CAGR during the forecast period, by application. The increasing demand for protein-rich aqua food is driving the growth of farm management software for precision aquaculture. Additionally, to increase the production of different types of fishes, adequate amount of nutrients as per the requirement must be fed to the them. Hence, fish farmers are increasingly using farm management software for feeding management to improve fish production. These factors are expected to drive the market growth of farm management software for precision aquaculture application.

Precision Crop Farming, Livestock Monitoring, Indoor Farming and Aquaculture
TRENDS INFLUENCING THE GROWTH OF THE GLOBAL FARM MANAGEMENT SOFTWARE MARKET

Global food demand is escalating at a rapid pace. The use of cloud computing and web-based farm management software is rising as farmers become aware of the benefits. Precision farming is gaining prominence as it boosts crop yield and avoids wastage of crucial resources. The software helps in comparing and mapping out the seed varieties, giving real-time insights on specific locations for yield. It can monitor labor productivity, track the flow of goods from manufacturers to warehouses and help in storing the farm produce. GPS enabled weather updates, soil analysis, and built-in accounting helps to keep records of the entire revenue and profitability. These factors will drive the growth of the farm management software market in the coming years.

Favorable government support and technological advances will boost the global farm management software market. The software is being adopted extensively for keeping a detailed track of the livestock's ID, breeding, and pedigree. It provides important data on sales, location, health, performance, weight, and other details of the animal husbandry. Dairy farm activities become trackable and remote access allows for monitoring when you are away from home. Farmers are able to sell online without the interference of any middlemen. Moreover, in case of any emergencies, e-consultation offers universal access to experts.

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FARM MANAGEMENT SOFTWARE MARKET SHARE ANALYSIS

Based on type, the location/web-based segment is expected to maintain dominance in the farm management software market share as the interface is easy to use, secure, and readily available in smartphones, desktops, tablets, etc.

Based on application, precision farming will witness considerable growth due to the rising need for optimum crop yield and higher profitability.

Based on region, North America is expected to see the highest growth in the farm management software market share due to rising awareness levels amongst farmers, booming internet usage, and the presence of key farm management software service providers. On the other hand, Asia-pacific will grow the fastest due to its huge population base, and increasing demand for advanced agricultural products.

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