Global Farm Management Software Market 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 industry. Farm Management Software Market report will help you take expert decisions, recognize opportunities, plan effective professional tactics, plan new schemes, analyse drivers and restraints and give you a vision on the Farm Management Software Market forecast.
The Farm Management Software Market report discusses the primary
industry growth drivers and challenges that the vendors and the market as a
whole face and provides an overview of the key trends emerging in the market.
It also talks about the market size of different segments and their growth
aspects along with key leading countries in Americas, Asia-Pacific, Europe, the
Middle East, and Africa regions.
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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.
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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