Press release
With 11% CAGR, Farm Management Software Market to Reach US$ 4.7 Billion by 2028 | Industry Report
How big is the farm management software market?
The global farm management software market size reached US$ 2.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.7 Billion by 2028, exhibiting a growth rate (CAGR) of 11% during 2023-2028.
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What is Farm Management Software?
Farm management software contain a comprehensive system utilized by agricultural professionals to effectively manage, plan, evaluate, execute, and optimize day-to-day farming operations. They encompass various functionalities, such as crop scheduling, a communication platform, crop advisory, compliance monitoring, analysis of farm activities, and tracking of business expenses and farm budgets. In addition to this, farm management software commonly offer services, including system integration and consulting, managed assistance, maintenance and support, and assisted professional services. These offerings contribute to better risk management, optimization of production activities, improved planning and tracking capabilities, monitoring of farm production capacity, and adherence to regulatory requirements. As a result, farm management software find widespread applications in livestock monitoring, precision agriculture, fish farming, and smart greenhouses.
What are the growth prospects and trends in the farm management software industry?
The high shortage of food across the globe and the disruptions caused in the supply chain, owing to the increasing population and the sudden outbreak of the COVID-19 pandemic, are primarily driving the farm management software market. Besides this, the escalating demand for these tools to provide predictive analytics and valuable insights for maintaining animal health and ranch efficiency is further augmenting the market growth. Moreover, the elevating requirement for farm management software, on account of its various advantages, including precise traceability, reduced input and labor costs, and improved planning and tracking capabilities, is also catalyzing the global market. Apart from this, the integration of cutting-edge technologies, such as machine learning (ML), the internet of things (IoT), and artificial intelligence (AI), for real-time activity tracking, automated record-keeping processes, increased efficiency, and informed decision-making is acting as another significant growth-inducing factor. Furthermore, the rising usage of cloud-based platforms in the agriculture industry, the easy availability of high-speed internet connectivity, the inflating need for livestock performance monitoring, and the growing popularity of chemical-free fertilizers are expected to bolster the farm management software market in the coming years.
Who are the key players operating in the industry?
The report covers the major market players including:
Ag Leader Technology
AGCO Corporation
AgJunction Inc.
AGRIVI
Corteva Inc.
Deere & Company
DeLaval
Microsoft Corporation
Raven Industries Inc
CNH Industrial N.V.
RELX Group plc
Syngenta
China National Chemical Corporation
The Climate Corporation
Bayer AG
Topcon Corporation
Trimble Inc.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Agriculture Type:
Precision Farming
Livestock Monitoring
Smart Greenhouse
Fish Farming
Others
Breakup by Deployment Mode:
On-premises
Cloud-based
Breakup by Service:
System Integration and Consulting
Maintenance and Support
Managed Services
Assisted Professional Services
Breakup by Region:
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Ask Analyst for Customization and Explore full Report with TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=4695&flag=E
Key Highlights of the Report:
Market Performance (2017-2022)
Market Outlook (2023-2028)
Market Trends
Market Drivers and Success Factors
The Impact of COVID-19 on the Global Market
Value Chain Analysis
Structure of the Global Market
Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
Media Contact:
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: sales@imarcgroup.com
Phone: +1-631-791-1145
Address: 134 N 4th St
City: Brooklyn
State: NY
Country: United States
Website: https://www.imarcgroup.com
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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