The farm management software global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Farm Management Software Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The farm management software market size has grown rapidly in recent years. It will grow from $2.72 billion in 2023 to $3.10 billion in 2024 at a compound annual growth rate (CAGR) of 14.0%. The growth in the historic period can be attributed to adoption of precision agriculture techniques, increasing complexity of farm operations, demand for real-time data and analytics, emphasis on sustainable farming practices, and integration of iot and sensor technologies.
The farm management software market size is expected to see rapid growth in the next few years. It will grow to $4.92 billion in 2028 at a compound annual growth rate (CAGR) of 12.3%. The growth in the forecast period can be attributed to advancements in artificial intelligence and machine learning, expansion of cloud-based farm management solutions, growing need for traceability and transparency in agriculture, adoption of mobile-based farm management applications, and integration of blockchain technology for supply chain management. Major trends in the forecast period include shift towards data-driven decision-making in agriculture, rise of precision planting and variable rate technology, implementation of predictive analytics for crop management, emphasis on interoperability and integration with other agricultural systems, and development of autonomous farming solutions.
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Scope Of Farm Management Software Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Farm Management Software Market Overview
Market Drivers –
The increasing initiatives by the government pertaining to the digitalization of the agriculture industry are expected to propel the growth of farm management software going forward. Government initiatives pertaining to the digitalization of the agriculture industry encompass the strategic integration of emerging disruptive digital technologies, such as the Internet of Things (IoT), big data and analytics (BDA), and artificial intelligence (AI), to advance various aspects of agricultural practices. Government initiatives can provide funding and support for the development and implementation of farm management software, enabling companies to invest in research and development, as well as offering comprehensive training programs to enhance technological literacy. For instance, according to the USDA 2022 Highlights, a US-based agriculture organization, in 2022, the USDA allocated $500 million through a new grant program to bolster independent, innovative, and sustainable American fertilizer production, aiming to cater to American farmers’ needs and leverage advancements in biotechnology and biomanufacturing. Therefore, the increasing initiatives by the government pertaining to the digitalization of the agriculture industry are driving the growth of the farm management software market.
Market Trends –
Major companies operating in the farm management software market are developing next generation products, such as Bushel Farm, to provide farmers with advanced tools for optimizing and managing their farm operations. Bushel Farm refers to the next generation of farm management software designed to provide solutions to crop growers, grain buyers, and agriculture retailers. For instance, in March 2023, Bushel Inc., a US-based technology company, launched Bushel Farm, the next generation in farm management software for farmers and their agribusiness partners. The new offering reduces the burden of manual data entry for farmers and provides valuable insights into their operations. It offers a robust feature-set in both mobile and desktop experiences while maintaining its easy-to-use design.
The farm management software market covered in this report is segmented –
1) By Component: Solution, Services
2) By Deployment Type: Cloud-Based, Web-Based
3) By Farm Size: Small, Medium, Large
4) By Application: Precision Farming, Livestock Monitoring, Smart Greenhouse, Aquaculture, Other Applications
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Regional Insights –
North America was the largest region in the farm management software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the farm management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
John Deere, Trimble Inc., Mothive Limited, Topcon, DeLaval, Reed Business Information Ltd., Raven Industries Inc., The Climate Corporation, Iteris Inc., Proagrica, Granular Inc., AG Leader Technology, BouMatic, Farmers Edge Inc., DICKEY-john., Agrivi, Ceres Imaging Inc , CropX Inc., Conservis LLC, Cropio Group, AGJunction Inc., Auroras s.r.l., CropIn Technology Solutions Private Limited, Grownetics Inc., Harvest Profit Inc.
Table of Contents
1. Executive Summary
2. Farm Management Software Market Report Structure
3. Farm Management Software Market Trends And Strategies
4. Farm Management Software Market – Macro Economic Scenario
5. Farm Management Software Market Size And Growth
…..
27. Farm Management Software Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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