Global Farm Management Software
Market Report
2024
Delivery Includes:- Market Timeline 2019 till 2031, Market Size, Revenue/Volume Share, Forecast and CAGR, Competitor Analysis, Regional Analysis, Country Analysis, Segment Analysis, Market Trends, Drivers, Opportunities, Restraints, ESG Analysis, Porters Analysis, PESTEL Analysis, Market Attractiveness, Patent Analysis, Technological Trend, SWOT Analysis, COVID-19 Analysis, Consumer Behavior Analysis, etc.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the Global Farm Management Software Market is expected to have a market size of XX million in 2024 with a growing CAGR of XX% during the forecast period.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Farm Management Software Market Sales Revenue 2030 | $ 4.83 Billion |
Global Farm Management Software Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 12.43% |
Market Split by Agriculture Type |
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Market Split by Depolyment |
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Market Split by Solution |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Farm Management Software Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Farm Management Software is used to optimize and manage farm operations and production activities. The program streamlines production and work schedules and assists in automating agricultural tasks like data storage, monitoring, and analysis, record management, and farming activity monitoring. The FMS program assists farmers in monitoring their equipment, livestock, and crops. By giving them access to historical purchase data, it can also assist farmers in managing their relationships with customers by enabling them to develop marketing efforts that are specifically targeted at those customers. Farmer demands are evolving towards high production and return on investments, which is why farm management software is becoming more and more popular every year. The development of specialized hardware and software solutions for research testing, which are easily accessible to farmers, is propelling the market for farm management software to greater heights. The market for farm management software is expanding due in large part to the rise in agricultural operations and the growing demand for real-time data to facilitate decision-making. Precision farming, fish farming, smart greenhouse operations, and animal monitoring are just a few of the farming applications where machine learning and artificial intelligence are starting to become commonplace technology. Governments are also launching campaigns to promote the use of contemporary agricultural technologies. In order to help farmers, producers, and businesses become more productive, new concepts, technologies, and procedures—like farm management software—will be crucial. This will further drive market expansion. Therefore, the market is expected to grow significantly in the coming years.
The demand for real-time data for decision-making and the rise in agricultural activity has led to an expansion of the farm management software market. Artificial intelligence and machine learning are rapidly becoming popular in several farming applications, including fish farming, precision farming, sophisticated greenhouse techniques, and animal monitoring. The 'Saagu Baagu' pilot, for instance, was created in collaboration with the Telangana state government in its Khammam district, supported by the Bill and Melinda Gates Foundation, and carried out by Digital Green in India, is reportedly one of the most successful implementations of the AI4AI initiative, according to the World Economic Forum. For over 7,000 farmers, the project has significantly enhanced the value chain for chilies. Telangana's state government, which established the nation's first framework for Agri data management and exchange as well as other supportive policies, has been instrumental in this shift. Saagu Baagu has shown impressive outcomes during its initial period of operation. A 21% increase in chili yields per acre, a 9% decrease in pesticide use, a 5% decrease in fertilizer use, and an 8% increase in unit prices as a result of quality improvements were observed by farmers involved in the program. Farmers' revenues have increased by more than INR 66,000 (about 800 USD) per acre per crop cycle as a result of these changes, nearly doubling their income. To make farm management easier, farm management software controls the data flow between hardware and personnel. Understanding the environment through data analysis from several farm management instruments, such as GPS, satellite imagery, and in-field sensors, is the main objective of the farm management framework. Data management is essential since agricultural management decisions are based on real-time data analysis from farm activities. With the increasing prevalence of artificial intelligence and machine learning, data management functions like as planning, purchasing, feeding, harvesting, marketing, and inventory control can now be facilitated by real-time access to data. The collection of real-time data from farming operations facilitates analysis and decision-making, thereby favoring the market growth for the farm management software market. (Source- https://www.weforum.org/impact/ai-for-agriculture-in-india/)
The implementation of policies by governments across various countries is expected to facilitate the adoption of advanced agricultural techniques, hence driving the global market for farm management software. Adoption of precision agriculture, research and development, instruction, and training are supported by federal authorities. USDA offers financing programs and financial aid to encourage the adoption of precision agriculture technologies. One such program pays farmers for adopting practices that have a positive impact on conservation. For the fiscal years 2017–2021, the National Science Foundation (NSF) and the USDA will jointly grant about $200 million for precision agricultural research and development. The two agencies' collaborations to assist artificial intelligence (AI) research institutes are part of this funding. Similarly, the Indian government is actively supporting and advancing a number of technologies in the field of agriculture through a number of initiatives and programs, including the Digital Agriculture Mission, Kisan Drones, E-NAM, Agri-Startups, mechanization, solar pumps, micro-irrigation, bio-fortification, and others. The growing use of cloud computing for agricultural data management is another factor projected to propel market expansion. The availability of many sensors, including as vibration, temperature, and load, is driving the market's rise. The market is growing as a result of the ongoing technological advancements in the semiconductor industry as well as the intense competition among manufacturers. (Source- https://www.gao.gov/products/gao-24-105962#:~:text=Federal%20agencies%20support%20precision%20agriculture,that%20provide%20a%20conservation%20benefit.,https://sansad.in/getFile/annex/256/AU3375.pdf?source=pqars#:~:text=vii.,irrigation%2C%20bio%2Dfortification%20etc.)
The market's ability to grow for this kind of software is limited because some farmers find it difficult to understand how to use farm management software, handle agricultural data, and use it in decision-making. Farm management software solutions are used to analyse data in real time from a variety of farming activities in order to increase profits and decrease losses. Agricultural management technical proficiency is necessary to use farm management software. In order for the farmer or grower to use this program efficiently, they must fully comprehend the process. Despite having the resources to install them, farmers lack the technical know-how to operate these devices. Several governments and industry players instruct and counsel farmers on how to minimize the consequences of these systems by utilizing them efficiently. Because of this factor's significant impact, the majority of farmers are currently reluctant to embrace this farm management software. The influence of this restraining factor is expected to lessen in the future given that major market participants are stepping up to provide farmers with training, consulting, and advice sessions and enhance their confidence to adopt farm management software. Moreover, there are still a lot of farmers who are poor, for them affording this kind of high-tech technology becomes very expensive, which further restrains the market growth.
The COVID-19 pandemic had a significant effect on the market for farm management software. The need for digital solutions increased noticeably as the agriculture sector grappled with challenges and disruptions in the supply chain. As farmers sought to minimize in-person interactions and optimize farm operations from a distance, farm management software featuring data analytics and remote monitoring tools gained popularity. Furthermore, as farmers employed software-integrated tools, like sensors and GPS-guided equipment, to increase resource efficiency, precision agriculture gained popularity. For instance, The United States Department of Agriculture (USDA) has launched programs like the Precision Agriculture Initiative to help farmers adopt smart agricultural technologies. These initiatives encourage innovative approaches and provide farmers with financial incentives for making investments in intelligent agriculture. Bigger farmers swiftly adopted these innovations since they had already invested in technology, which aided in the industry's growth. However, obstacles related to money and technology limited smaller farms. The pandemic's increased demand led to the rise of farm management software despite supply chain problems. As more businesses joined the market to satisfy the expanding demands of the agriculture industry, competition grew increasingly fierce. In order to encourage the use of technology in agriculture, governments also provided incentives and support, which further strengthened the market. Even if things changed quickly, the effect on the market remained the same, with data-driven decision-making and digitization becoming essential components of contemporary farming methods.
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The market is characterized by competition and the presence of multiple major firms. For a competitive advantage, these players are implementing alliances and teamwork tactics. For instance, Farmers Edge, Inc. and Google Cloud formed a partnership in January 2021 to promote the company's services and advance the integration of AI, ML, and predictive analysis into its program. Furthermore, as part of its expansion plans, renowned Agtech company Cropin Technology Solutions Private Limited, which is driven by data and AI, opened its first foreign office in Amsterdam in April 2021. The company now has access to new markets as a result. These developments AND expansions have resulted in growth for the farm management software market.
Top Companies Market Share in Farm Management Software Industry: (In no particular order of Rank)
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The North American region is expected to have the largest market share with an expected market size of XX million in 2024 with a growing CAGR of XX% during the forecast period. Farm management software is expected to increase at an exponential rate in North America in the upcoming years due to the region's adoption of artificial intelligence solutions and its leadership position in the industrial automation sector. In contrast to developing countries, industrialized countries adopt modern technologies faster due to their larger farms and a higher level of farmer awareness. Over the years, the United States has been at the forefront of deploying precision technology to farming techniques. As a result, the market for farm management software solutions is the largest in North America.
The Europe region is the fastest growing region with an expected market size of XX million in 2024 with a growing CAGR of XX% during the forecast period. The necessity for effective resource management and adherence to environmental standards is driving growth in the European region. The European Union (EU) has set high goals to support sustainable agricultural practices, boost renewable energy, and lower greenhouse gas emissions. As a result, precision farming techniques have become popular and necessitate the use of cutting-edge farm management software. The market for farm management software has expanded as a result of financing for precision agricultural research and development provided by the EU.
The current report Scope analyzes Farm Management Software Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Farm Management Software Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Farm Management Software Industry growth. Farm Management Software market has been segmented with the help of its Agriculture Type, Depolyment Solution , and others. Farm Management Software market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Precision Farming has the largest market share with an expected market size of XX million in 2024 with a growing CAGR of XX% during the forecast period. Precision agriculture, or PA, is the science of using cutting-edge sensor and analysis technology to improve agricultural output and assist management decisions. It will help growers control how much fertilizer to apply by evaluating field conditions and modifying the harvesting technique accordingly. Both hardware and software technologies are used to appropriately assess and address the naturally occurring circumstances in every location. Precision farming is mostly used for yield monitoring, crop scouting, inventory management, irrigation management, and weather tracking. Therefore, its market growth is expected in the coming years.
Precision livestock monitoring is the fastest growing with an expected market size of XX million in 2024 with a growing CAGR of XX% during the forecast period. Management of individual animals by continuous, automated, and real-time monitoring of health, welfare, production/reproduction, and environmental impact" is defined as precision livestock farming. Farm management software makes it simpler to evaluate the well-being, productivity, and health of animals in real time, ensuring the highest potential yield. Market players are now more focused on launching new products and cutting expenses related to livestock monitoring management due to the growing number of dairy farms and other technology breakthroughs like precision livestock monitoring, thereby favoring segment growth.
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Cloud Based segment has the largest market share with an expected market size of XX million in 2024 with a growing CAGR of XX% during the forecast period. Cloud facilitates information storage and organization among farms. It assists in maintaining production and work schedules as well as the effective gathering and storing of data on labor costs, costs, and the specifics of the use of Agri-input resources. It ensures that farm records are kept in a safe and convenient environment. Data on lighting, irrigation, plant growth, and insect use are collected by smart sensors and sent to cloud-based computers. Using a web admin portal, the farmers can customize the system's data collection settings and integrate it with other systems. Therefore, the cloud-based segment is growing significantly in the coming years.
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The software segment has the largest market share with an expected market size of XX million in 2024 with a growing CAGR of XX% during the forecast period. The segment's expansion can be ascribed to the growing acknowledgment of the benefits that digital technologies offer the agriculture sector. Agricultural enterprises can benefit greatly from farm management software in several ways, including improved crop planning, more effective resource management, streamlined farm operations, and improved inventory tracking. Furthermore, remote access capabilities and real-time monitoring boost farmers' overall profitability and productivity. Farm management software vendors are always innovating to satisfy the evolving needs of the agricultural sector, which propels additional expansion, as technology develops. For instance, Bushel Inc. announced the launch of a cutting-edge feature in Bushel FarmTM automated grain contract entry in July 2023. By eliminating the need for manual data entry, giving useful marketing insights, providing thorough financial overviews, optimizing workflows, and enabling better-informed decision-making in the agriculture industry, this feature greatly benefits farmers. Hence software segment is expected to grow rapidly owing to these benefits. (Source- https://blog.bushelfarm.com/new-contracts-feature)
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Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Farm Management Software Market is witnessing significant growth in the near future.
In 2023, the Precision Farming segment accounted for noticeable share of global Farm Management Software Market and is projected to experience significant growth in the near future.
The Web-Based segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Ag Leader Technology , BouMatic and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Agriculture Type | Precision Farming, Livestock Monitoring, Smart Greenhouse |
Depolyment | Web-Based, Cloud-Based |
Solution | Software, Services |
List of Competitors | Ag Leader Technology, AgJunction LLC, BouMatic, CropX, Inc., CropZilla Inc., DeLaval, DICKEY-john, Deere & Company, Corteva, CNH Industrial, Trimble Inc., Climate LLC., Gamaya, GEA Group Aktiengesellschaft, Farmers Edge Inc., Gronetics |
This chapter will help you gain GLOBAL Market Analysis of Farm Management Software. Further deep in this chapter, you will be able to review Global Farm Management Software Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Farm Management Software Market Trends North America Farm Management Software Technological Road Map North America Farm Management Software Market Drivers North America Farm Management Software Market Restraints North America Farm Management Software Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
You can purchase only the Executive Summary Asia Pacific Market (2019 vs 2024 vs 2031)
Chapter 5 South America Market Analysis
You can purchase only the Executive Summary South America Market (2019 vs 2024 vs 2031)
Chapter 6 Middle East and Africa Market Analysis
You can purchase only the Executive Summary Middle East and Africa Market (2019 vs 2024 vs 2031)
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Agriculture Type Analysis 2019 -2031, will provide market size split by Agriculture Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Agriculture Type Analysis 2019 -2031
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Chapter 11 Market Split by Depolyment Analysis 2019 -2031
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Chapter 12 Market Split by Solution Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Farm Management Software market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Precision Farming have a significant impact on Farm Management Software market? |
What are the key factors affecting the Precision Farming and Livestock Monitoring of Farm Management Software Market? |
What is the CAGR/Growth Rate of Web-Based during the forecast period? |
By type, which segment accounted for largest share of the global Farm Management Software Market? |
Which region is expected to dominate the global Farm Management Software Market within the forecast period? |
Segmentation Level Customization |
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Company Level |
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Additional Data Analysis |
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Additional Quantitative Data |
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