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Future of the Global Agricultural Software Market: Trends, Innovations, and Key Forecasts Through 2034
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Will the Agricultural Software Industry Market Size Be by 2025?
The size of the agricultural software market has been consistently expanding over the past few years. The market size is predicted to increase from $22.63 billion in 2024 to $23.55 billion in 2025, a compound annual growth rate (CAGR) of 4.1%. Factors contributing to the growth during the historical period include a rise in food demand, growing demand for agricultural goods, government incentives and support, heightened urbanization, and an increase in the size and complexity of farms.
What's the Long-Term Growth Forecast for the Agricultural Software Market Size Through 2029?
The size of the agricultural software market is predicted to exhibit consistent expansion in the forthcoming years, with a projection to reach $27.72 billion by 2029, growing at a compound annual growth rate (CAGR) of 4.2%. This surge during the forecasted period can be ascribed to the expansion in the agricultural sector, increasing global population, surging demand for ecologically sustainable farming, enhancing productivity and efficiency, as well as growing demand for livestock products. The trend in the forecast period encompasses demand for high-tech farming solutions, embracing cloud-based agricultural software, assimilation of smart agricultural systems, investment in agricultural tech, and advancements made in the field of artificial intelligence.
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What Are the Key Growth Drivers Fueling the Agricultural Software Market Expansion?
The increasing need for food, influenced by factors such as population growth, changing dietary habits, economic progress, and shifting lifestyles, is anticipated to steer the expansion of the agricultural software market. This software bolsters farming practices by improving productivity, efficiency, and sustainability, all while augmenting food supply to meet growing global demands. As an example, the Food and Agriculture Organization (FAO), a specialized agency of the United Nations headquartered in Italy, which spearheads international measures to obliterate hunger, enhance nutrition, and bolster food security, predicts that by 2050, food production needs to expand by 60% to adequately feed an estimated global populace of 9.3 billion people. Hence, the escalating demand for food is fueling the proliferation of the agricultural software market.
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What Are the Key Trends Driving Agricultural Software Market Growth?
Key players in the agricultural software market, like OneSoil, are innovating with advanced solutions such as visualization and mapping tools. These tools aim to equip farmers with technology that can amplify their yields and aid in solving global food security problems. The visualization and mapping solutions function as software platforms that enable users to graphically illustrate and scrutinize data using maps, charts, and other visual elements. For example, OneSoil, a Swiss company that specializes in agricultural software, introduced a compelling new data visualization and mapping software called OneSoil Map in August 2022. By incorporating proprietary AI and satellite imagery, it grants access to real-time data and deep-dive insights into global crop statuses. This technological tool permits farmers to oversee crops remotely and identify field problems promptly, thereby enhancing work in productivity zones. OneSoil strengthens precision farming by helping farmers strategically allocate resources, enhancing yield and sustainability. By exploiting data-backed insights from OneSoil, farmers can astutely manage productivity zones, reducing environmental damage and alleviating food security issues, particularly in areas susceptible to droughts, floods, or other catastrophes. In such regions, the solutions provided by OneSoil become invaluable assets in the refinement of agricultural methods.
How Is the Agricultural Software Market Segmented?
The agricultural softwaremarket covered in this report is segmented -
1) By Type: Farm Management, Livestock Management, Precision Agriculture Software, Other Types
2) By Deployment: On-Premise, Cloud-Based
3) By Application: Field Management, Farming Operation, Irrigation, Animal Husbandry
4) By End-User: Farmers, Agricultural Companies, Research Institutes
Subsegments:
1) By Farm Management: Crop Management Software, Field Mapping And Monitoring Tools, Farm Operations And Resource Management
2) By Livestock Management: Animal Health And Welfare Software, Breeding And Genetics Management Tools, Livestock Tracking And Monitoring
3) By Precision Agriculture Software: GIS And GPS-Based Tools, Data Analytics And Crop Monitoring Solutions, Yield Mapping And Variable Rate Technology
4) By Other Types: Supply Chain And Distribution Software, Agricultural Financial Management Tools, Market Intelligence And Forecasting Software
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Which Companies Are Leading the Charge in Agricultural Software Market Innovation?
Major companies operating in the agricultural software market are Bayer AG, Deere & Company, CNH Industrial N.V., Hexagon Agriculture, Trimble Inc., Raven Industries Inc., The Climate Corporation, Iteris Inc., Solinftec Inc., Granular Inc., Proagrica, AG Leader Technology, CropIn Technology Solutions Pvt. Ltd., AgroVision B.V., Farmers Edge Inc., Decisive Farming Corp., Agworld Inc., CropX Inc., Topcon Agriculture, Conservis Corporation, FarmLogs Inc., AgJunction Inc., AgriWebb Pty Ltd., FieldView, OnFarm Systems Inc
Which Regions Are Leading the Global Agricultural Software Market in Revenue?
North America was the largest region in the agricultural software market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the agricultural software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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