Farm Management Software Industry Overview

The global farm management software market size was estimated at USD 3.30 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 16.2% from 2023 to 2030.

The growth of the market can be attributed to the increasing implementation of cloud computing for real-time farm data management. Farm Management Software (FMS) involves the use of Information Communication Technology (ICT), particularly IoT and big data analytics, to address resource constraints such as shortage of energy, water, and labor and social issues such as environment, animal welfare and use of fertilizers, which negatively influence the agricultural production.

Gather more insights about the market drivers, restrains and growth of the Farm Management Software Market

The adoption of remote sensing technology in the agriculture industry has increased due to the emergence of drones and GIS. The images captured through a device featuring remote sensing technology can be used for the detection of cop water stress, monitoring weeds crop diseases, classification of crop species, and mapping of soil properties. Some open-source remote sensing software includes Quantum GIS Semi-Automatic Classification Plugin (SCP), Optical and Radar Federated Earth Observation (ORFEO) toolbox, Opticks, and PolSARPro.

The increasing use of site-specific crop management is expected to reduce pesticide use, increase crop yields, and provide greater insight for farm management decisions. Farm management software equipped with advanced data analytics capabilities can process historical and real-time data to generate predictive models, enabling farmers to forecast crop performance under different environmental conditions. By analyzing factors like weather patterns, soil quality, and crop health, the software can offer valuable insights to make informed decisions regarding fertilization, pest control, and irrigation. Forecasting crop performance under various environmental situations can assist farmers in boosting their yield. Phenotyping aids in the understanding of several elements affecting crop growth, such as nitrogen depletion and soil pH levels. It is used to determine crop growth under various situations.

The players in the agriculture industry are acknowledging the need for technology infusion to increase the production of crops. The growing farm mechanization has increased the profitability of the agriculture sector in developed countries. Modern agriculture involves the use of software and hardware components. Equipment manufacturing requires embedded application software and hardware, along with network services.

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Global Farm Management Software Market Report Segmentation

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest trends and opportunities in each of the sub-segments over the forecast period. For this study, Grand View Research has segmented the global farm management software market report based on agriculture type, deployment model, solution, and region.

Agriculture Type Outlook (Revenue, USD Million, 2017 - 2030)

• Precision Farming
• Livestock Monitoring
• Smart Greenhouse
• Others

Deployment Model Outlook (Revenue, USD Million, 2017 - 2030)

• Web-based
• Cloud-based

Solution Outlook (Revenue, USD Million, 2017 - 2030)

• Software
• Services
  • System Integration Consulting
  • Maintenance Support
  • Managed Services
    • Data Services
    • Analytics Services
    • Farm Operation Services
  • Assisted Professional Services
    • Supply Chain Management Services
    • Climate Information Services

Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America
  • US
  • Canada
• Europe
  • UK
  • Germany
  • France
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
• Latin America
  • Brazil
  • Mexico
• Middle East and Africa (MEA)
  • Kingdom of Saudi Arabia (KSA)
  • UAE
  • South Africa

Key Companies Market Share Insights

The market is competitive and has the presence of several key market players. These players are adopting strategies such as partnerships and collaborations to gain a competitive edge. For instance, in January 2021, Farmers Edge, Inc. announced a partnership with Google Cloud to promote the company’s services and boost the implementation of artificial intelligence, machine learning, and predictive analysis in its program. Some prominent players in the global farm management software market include:

• 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

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