Farm Management Software is used to streamline farming operations with an emphasis on planning the various business activities in a dynamic mode before actually undertaking them. Datasets are utilized to arrive at optimum operational decisions. This industry is likely to be driven by an increase in agricultural developments. Moreover, government policy support in favour of smartening the farms will go a long way. One of the restraints includes service and technology awareness in the market.
Farm Management Software Market size was estimated at $1,268.7 Million in 2022 and is expected to reach $3,198.1 Million by 2027, growing at a CAGR of 14.12% during the forecast period of 2020 to 2027.
Analysis by Delivery Model
According to the delivery model, the two main segments are Local/Web-based and Cloud-based. Further, the Cloud-based delivery model is classified into Software-as-a-Service (SaaS) and Platform-as-a-Service (PaaS). The Farm Management Software market report suggests that the Cloud-based delivery model will take large implementation strides in the upcoming period. Similar to other IT businesses, the agriculture industry also stands to gain from reduced capital costs of Cloud-based systems. The Farm Management Software market research indicates the growing trend of service applications across a large pool of clients. Software-as-a-Service in the Farm Management space is garnering a fair bit of investor attention owing to its immense disruption potential.
Analysis by Agriculture Type
According to the Agriculture Type, the segmentation is as follows: Precision Farming, Livestock Farming, Fish Farming, Smart Greenhouse Farming, and Others (Orchid, Forestry, and Horticulture). The Farm Management Software market share is led by the demand from Precision Farming. Factors such as Crop Yield per hectare, Farm efficiency, and Overall productivity are being monitored closely. Another reason contributing to the growing Farm Management Software market size in the Precisions Farming segment is the steady rise of businesses in this arena. The Farm Management Software market estimation for the Livestock farming segment is very optimistic as well. The profitability of livestock rearing business entities relies largely on effective and efficient management techniques and this service does justice to that requirement in an excellent manner.
Analysis by Service Provider
According to the service provider, the market is segmented into System Integrators, Managed Services, Assisted Professional Services, Connectivity Services, and Maintenance Upgradation and Support Services. System Integrators will play a leading role in the success of service adoption of this offering. This segment comprises of specialized Human Resources that integrate the software with the client’s specific business needs for its optimum utilization. They are also well trained on hardware that performs the best in business environments. The Farm Management Software market forecast is strongly skewed in favor of the development of System Integrators with Connectivity services for a fulfilling client experience.
Analysis by Region
The Americas are in the pole position with around 50% market share. This is because of fresh Government policies towards the up-gradation of Farming techniques. The farmers also expect better returns from their real estate and thus will drive the demand further in the forecasted period. Connectivity measures are rapidly advancing in Europe. This will be a guiding light for Farm Management Software to follow as connectivity is the enabler for this industry. The Farm Management price trend will also play a vital role in the success of this offering in this region. The Asia-Pacific market is poised for large-scale economic growth. Farming is the mainstay in a lot of countries in this region. With modernization, the drive for Farm Management Software will only rise and result in a business-friendly environment for the companies.
Analysis by Leading Organizations
The eminent Farm Management Software companies in this space are Deere & Company (US), Trimble (US), AgJunction (US), Raven Industries (US), AG Leader Technology (US), and SST Development Group (US). The focus will remain on product cost optimization and effective training courseware for prospective clients. A significant sum of revenue is likely to be invested in R&D to achieve both the above objectives.
COVERAGE HIGHLIGHTS
● Market Revenue Estimation and Forecast (2022 – 2031)
● Market Production Estimation and Forecast (2022 – 2031)
● Market Sales/Consumption Volume Estimation and Forecast (2022 – 2031)
● Breakdown of Revenue by Segments (2022 – 2031)
● Breakdown of Production by Segments (2022 – 2031)
● Breakdown of Sales Volume by Segments (2022 – 2031)
● Gross Margin and Profitability Analysis of Companies
● Business Trend and Expansion Analysis
● Import and Export Analysis
● Regional Analysis and Market Data Breakdown
MARKET SEGMENTATION
By Delivery Model Outlook ($Revenue and Unit Sales, 2022-2031)
• Local/Web-based
• Cloud-Based
• Software as a Service (SaaS)
• Platform as a Service (PaaS)
By Agriculture Type Outlook ($Revenue and Unit Sales, 2022-2031)
• Livestock Farming
• Precision Farming
• Smart Greenhouse Farming
• Fish Farming
• Others (Orchid, Forestry, and Horticulture)
By Service Provider Outlook ($Revenue and Unit Sales, 2022-2031)
• System Integrators
• Assisted Professional Services
• Managed Services
• Connectivity Services
• Maintenance, Upgradation, and Support Services
By Regional Outlook ($Revenue and Unit Sales, 2022-2031)
• Americas
• Europe
• Asia-Pacific
• Rest of the World
Leading Organizations
• Deere & Company (US)
• Trimble (US)
• AgJunction (US)
• Raven Industries (US)
• AG Leader Technology (US)
• SST Development Group (US)
• DICKEY-john (US)
• Topcon Positioning Systems (US)
• The Climate Corporation (US)
• Iteris (US)
• DeLaval (US)
• BouMatic (US)
• Conservis (US)
• FARMERS EDGE (Canada)
• GEA Group (Germany)
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