17th July 2019 – Farm
Management Software Market 2014-2025 report delivers future development
strategies, key companies, Possibility of competition, major challenges
analysis. The reports elaborate the expansion rate of the Farm Management
Software market supported the highest company profile analysis. This report
providing an in-depth analysis, market size, and evaluation for the developing
segment among the Farm Management Software market. Farm Management Software
Market report will help you take expert decisions, recognize opportunities,
plan effective professional tactics, plan new schemes, analyze drivers and
restraints and give you a vision on the Farm Management Software Market
forecast.
The global farm management software
industry witnesses several opportunities such as green initiatives for
sustainable agriculture coupled with awareness in farmers for precision
agriculture and pursuance of modern agricultural practices. However, rising
food demands and farming challenges are likely to create hindrance in the
market during the forecast period up to 2025.
The global farm management software
market is expected to reach USD 4.22 billion by 2025. The market is driven by
factors such as proliferation of IoT, big data analytics and information &
communication technology along with emphasis on cloud computing leading to
recording and retrieval of real-time data management. In addition, rising
population and enlarged demand for food worldwide coupled with government support
to boost modern agricultural techniques is likely to boost the market growth in
the forthcoming period. The farm management software market is expected to
witness a CAGR of 16.7% in the forecast period.
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Farming systems are now embracing
conceptual framework of web management to support farm production systems. The
web management system is trifurcated into decision support sub-system,
biophysical sub-system and decision support sub-system. In addition, the web
system encompasses project management idea scoupled with model-view controller
concepts. In reality, the farm management software supports the farmers with
enhanced yield and productivity and farm efficiency is expected to gain a
traction due to its proliferation worldwide. Big data plays a significant role
in giving predictive insights, rebuilding business process and enabling
real-time operational decisions for change in business models.
The farm management software industry
segmentation includes agriculture, deployment model, application, service
provider and region. Deployment segment dominates the farm management software
market growth in the forthcoming period owing to rise in cloud-computing and is
anticipated to witness a CAGR of 19.5% during the forecast period.
Geographical segmentation for farm
management software industry spans North America, South America, Europe,
Asia-Pacific, Europe, Middle East and Africa. North American and South American
farm management software market is expected to gain positive traction in the
near future. Factors such as rising demand for farm yield, favorable policies
by government, demand for agricultural solutions, and inclination towards
precision farming is likely to contribute to the market growth in the
forthcoming period.
European market is expected to gain a
positive traction in the forthcoming period due to government support,
increasing R&D activities pertaining to smart agriculture such as employing
drones for enhanced production and building Aero Farms for better agriculture
yield. Middle Eastern and African market is expected to gain a higher CAGR in
the forthcoming period owing to rise in R&D activities, use of GPS signals
and monitoring of real-time data.
The key players in the farm management
software industry include Ag Leader technology; CropZilla Software, Inc. AB
CropMetrics LLC, Granluar Inc, Dickey-John Corporation, The Climate
Corporation; DeLaval; and Farm Edge, Inc. Big players are now offering
technological assistance such as Big data analytics for smart farming whereas
startups are expanding horizontally in the value chain service by providing
insurance, consulting and advisory services.
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