The agricultural 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.
Agricultural 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 agricultural software market size has grown steadily in recent years. It will grow from $21.68 billion in 2023 to $22.63 billion in 2024 at a compound annual growth rate (CAGR) of 4.4%. The growth in the historic period can be attributed to increased food demand, increased demand for agricultural products, government subsidies and support, increased urbanization, increased farm size and complexity.
The agricultural software market size is expected to see steady growth in the next few years. It will grow to $27.20 billion in 2028 at a compound annual growth rate (CAGR) of 4.7%. The growth in the forecast period can be attributed to growth in the agriculture sector, growing population, growing demand for sustainable agriculture, increase productivity and efficiency, growing demand for livestock products. Major trends in the forecast period include demand for advanced farming solutions, adoption of cloud-based agricultural software, adoption of smart agriculture systems, investments in agricultural technology, advancements in artificial intelligence.
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Scope Of Agricultural 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.
Agricultural Software Market Overview
Market Drivers –
The growing demand for food is expected to propel the growth of the agricultural software market going forward. The demand for food is attributed to population growth, dietary preferences, economic development, and changing lifestyles. The agricultural software enhances the productivity, efficiency, and sustainability of farming practices by increasing food production and helping to meet the growing demand for food worldwide. For instance, according to the Food and Agriculture Organization (FAO), an Italy-based specialized agency of the United Nations that leads international efforts to defeat hunger and improve nutrition and food security, by the year 2050, there will be a need to increase food production by 60% to provide enough food for a global population of 9.3 billion people. Therefore, the growing demand for food is driving the growth of the agricultural software market.
Market Trends –
Major companies operating in the agricultural software market are focused on developing advanced solutions, such as data visualization and mapping solutions, to help farmers increase yields and governments address food security issues. A data visualization and mapping solution is a software tool or platform that allows users to visually represent and analyze data using maps, charts, graphs, and other graphical elements. For instance, in August 2022, OneSoil, a Switzerland-based company that offers agriculture software, launched OneSoil Map, a powerful new data visualization and mapping solution. This solution combines proprietary AI with satellite imagery, providing live data and rich insights to understand the state of crops in fields worldwide. This digital tool helps farmers remotely monitor the state of crops, quickly detect field issues, and work with productivity zones. OneSoil facilitates precision farming, addressing farmers’ need to allocate resources strategically for enhanced yields and sustainability. Farmers can intelligently manage field productivity zones, minimizing environmental impact and mitigating food security challenges, particularly in regions prone to droughts, floods, or other disasters, by leveraging data-driven insights provided by OneSoil. OneSoil’s solutions offer a valuable tool for optimizing agricultural practices in such areas.
The agricultural software market covered in this report is segmented –
1) By Type: Farm Management, Livestock Management, Precision Agriculture Software, Other Types
2) By Deployment: On-Premise, Cloud-Based
3) By Application: Field Management, Farming Operation, Irrigation, Animal Husbandry
4) By End-User: Farmers, Agricultural Companies, Research Institutes
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Regional Insights –
North America was the largest region in the agricultural software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the agricultural software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the agricultural software market are Bayer AG, Deere & Company, CNH Industrial N.V., Hexagon Agriculture, Trimble Inc., Raven Industries Inc., The Climate Corporation, Iteris Inc., Solinftec Inc., Granular Inc., Proagrica, AG Leader Technology, CropIn Technology Solutions Pvt. Ltd., AgroVision B.V., Farmers Edge Inc., Decisive Farming Corp., Agworld Inc., CropX Inc., Topcon Agriculture, Conservis Corporation, FarmLogs Inc., AgJunction Inc., AgriWebb Pty Ltd., FieldView, OnFarm Systems Inc
Table of Contents
1. Executive Summary
2. Agricultural Software Market Report Structure
3. Agricultural Software Market Trends And Strategies
4. Agricultural Software Market – Macro Economic Scenario
5. Global Agricultural Software Market Size and Growth
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32. Global Agricultural Software Market Competitive Benchmarking
33. Global Agricultural Software Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Agricultural Software Market
35. Agricultural Software Market Future Outlook and Potential Analysis
36. Appendix
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