Press release
Farm Management Software and Data Analytics Market Top Players - 365FarmNet GmbH, AgJunction, AGCO Corporation, Ag Leader Technology, Inc.
Farm Management Software and Data Analytics Market
According to the latest research by InsightAce Analytic, the global Farm Management Software and Data Analytics Market is valued at US$ 3.61 Bn in 2022, and it is expected to reach US$ 12.79 Bn by 2031, with a CAGR of 15.52% during a forecast period of 2023-2031.
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Farm management software and data analytics have become essential tools in modern agriculture for effectively managing the vast volumes of data generated daily. This data includes critical information related to plant health, soil conditions, water usage, weather patterns, and temperature fluctuations. The integration of advanced technologies in farm management enables reduced dependency on manual labor and minimizes the risk of crop failure. These solutions support a wide range of agricultural operations, including crop selection, scouting, real-time analytics, yield monitoring, weather forecasting, field mapping, irrigation control, and overall farm economics.
The market is witnessing accelerated adoption of farm management software, driven by rapid innovation in AI-based agricultural technologies, increased demand for higher crop productivity, and supportive government initiatives aimed at enhancing data-driven farming practices. Technological advancements in agriculture management platforms and a growing awareness among farmers about the benefits of digital solutions are further fueling market growth. Additionally, the COVID-19 pandemic disrupted global agricultural supply chains, prompting agribusinesses to invest in more advanced and user-friendly farm management applications. This trend is expected to continue, contributing to the sustained demand for comprehensive farm management software in the years ahead.
Some Major Key Players In The Farm Management Software and Data Analytics Market:
• 365FarmNet GmbH
• AgJunction
• AGCO Corporation
• Ag Leader Technology, Inc.
• Agrinavia
• Agroptima
• aWhere, Inc.
• BASF SECLAAS Group
• CNH Industrial N.V.
• CropIn Technology Solutions Pvt. Ltd
• CropX Inc.
• Deere & Company
• DICKEY-john
• EFC Systems Limited.
• Farmers Edge Inc.
• FarmLogs
• Granular Inc.
• Hexagon Agriculture
• IBM Corporation
• Iteris, Inc.
• Kubota Corporation
• Microsoft Corporation
• Raven Industries Inc.
• SourceTrace Systems
• SST Development Group Inc.
• The Climate Corporation (A Bayer AG Company)
• Topcon Corporation
• Trimble Inc.
• Afimilk Ltd.
• AgriWebb
• BouMatic LLC.
• Connecterra B.V.
• Dairymaster
• DeLaval
• Evonik Industries AG
• Fullwood Packo.
• GEA Group.
• ISAGRI
• Lely S.A.R.L.
• Valley Agricultural Software
• Artemis
• Infarm - Indoor Urban Farming Gmbh
• Lettus Grow Ltd.
• MotorLeaf Inc.
• Tenacious Solutions Ltd
• Aquabyte
• Aquanetix Ltd.
• Chetu Inc.
• Eruvaka Technologies
• XpertSea
• Other Prominent Players
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Market Dynamics:
Drivers:
Several key factors are expected to drive the growth of the farm management software and data analytics market during the forecast period. These include the rapid adoption of farm management software by farmers, innovations in AI-driven agricultural technologies, the increasing demand for improved crop yields, and rising government initiatives to enhance farm data management solutions. Additionally, advancements in agricultural management technologies, the growing use of robots, drones, and sensors in agriculture, and heightened awareness among farmers regarding the benefits of farm data management solutions are expected to further accelerate market growth. Furthermore, the increasing demand for agricultural process automation will likely contribute to the expansion of the market.
Challenges:
The market growth may be hindered by concerns related to farm data security and privacy, along with economic challenges that could limit farmers' investments in farm management software. Additionally, the high initial costs and low return on investment (ROI) of crop management software solutions present barriers to widespread adoption, particularly in regions where cheap labor is prevalent. The limited adoption of modern farming practices, such as precision farming, smart greenhouses, and livestock monitoring, further restricts the uptake of such technologies. Furthermore, yield monitoring, advisory services, and variable rate technologies remain unavailable to many farmers in certain countries.
Regional Trends:
The Asia-Pacific region is expected to capture the largest share of the global farm management software and data analytics market in the coming years. This growth is driven by strong government support for agricultural automation and the increasing adoption of advanced technologies, such as AI, robotics, drones, and cloud-based platforms, across farms. In addition, the European region is anticipated to play a significant role in market development, fueled by the growing demand for high-yield solutions and the swift implementation of AI-based technologies in agriculture.
Recent Collaborations And Agreements In The Market:
• In March 2023, 365FarmNet and UNIFORM-Agri partnered to provide dairy farmers with advanced herd management software, forming a comprehensive digital solution for farm management. The collaboration represented a notable advancement for 365FarmNet in meeting the needs of professional dairy farmers who sought to efficiently oversee their entire farm using a single software solution.
• In Jan 2023, Cropin, an agricultural data business headquartered in India, secured $13.7 million in Series D funding. Google and JSR Corporation were new investors in the round. In addition, the investors ABC Impact and Chiratae Ventures were also involved. The funds were used for the expansion of Cropin Cloud, the platform that consolidated the company's diverse applications and services for the agricultural sector.
• In Dec 2022, Raven Industries introduced two self-governing agricultural solutions, namely the Driverless Tillage Solution and the Driver Assist Harvest Solution, during CNH Industrial's Tech Day event in Phoenix, Arizona, 2022. These solutions enhanced the brand's existing Raven AutonomyTM portfolio by offering extra assistance across all stages of the cash crop production cycle, hence increasing the accessibility of future autonomy solutions for customers in many seasons.
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Market Segments
Global Farm Management Software and Data Analytics Market, by Solutions, 2023-2031 (Value US$ Mn)
• Software
o On-Cloud Software
o On-Premise Software
• Platform-as-a-Service
Global Farm Management Software and Data Analytics Market, by Application, 2023-2031 (Value US$ Mn)
• Precision Crop Farming
o Yield Monitoring and Farm Mapping
o Crop Scouting
o Weather Tracking and Forecasting
o Irrigation Management
o Farm Economics
o Others
• Livestock Monitoring & Management
o Milk Harvesting
o Animal Health Monitoring and Comfort
o Feeding Management
o Heat Stress and Fertility Monitoring
o Others
• Indoor Farming
o HVAC Management
o Lighting Management
o Plant Development Monitoring
o Others
• Aquaculture
o Feed Management
o Aquatic Species Tracking and Navigation
o Water Quality Management
o Others
• Others
Global Farm Management Software and Data Analytics Market, by Farm Produce, 2023-2031 (Value US$ Mn)
• Cereals
• Oil Crops
• Fibre Crops
• Pulses
• Fruits
• Vegetables
• Tree Nuts
• Roots and Tubers
Global Farm Management Software and Data Analytics Market, by Region, 2023-2031 (Value US$ Mn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America Farm Management Software and Data Analytics Market, by Country, 2023-2031 (Value US$ Mn)
• U.S.
• Canada
Europe Farm Management Software and Data Analytics Market, by Country, 2023-2031 (Value US$ Mn)
• Germany
• UK
• France
• Italy
• Spain
• Rest of Europe
Asia Pacific Farm Management Software and Data Analytics Market, by Country, 2023-2031 (Value US$ Mn)
• India
• China
• Japan
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America Farm Management Software and Data Analytics Market, by Country, 2023-2031 (Value US$ Mn)
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa Farm Management Software and Data Analytics Market, by Country, 2023-2031 (Value US$ Mn)
• GCC Countries
• South Africa
• Rest of Middle East & Africa
Read Overview Report- https://www.insightaceanalytic.com/report/farm-management-software-and-data-analytics-market/2283
About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
Contact us:
InsightAce Analytic Pvt. Ltd.
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