The global agriculture software market was valued at US$ 20.30 Billion in 2022, and is projected to reach US$ 23 Billion by 2030, growing at a CAGR of 13.4% from 2023 to 2030.
The market is influenced by a number of variables, such as the rising demand for agricultural products as a result of the expanding world population, the requirement to boost production and efficiency, and the expanding popularity of precision farming.
There are many players vying for market share in the highly competitive and fragmented global agriculture software market. The market is anticipated to expand during the upcoming years as a result of technical developments, rising adoption of precision farming techniques, and rising consumer demand for agricultural goods.
Download Sample PDF @ https://www.contrivedatuminsights.com/request-sample/248599/?utm_source=Dhananjay&utm_medium=PR
Driving Factors
The global agriculture software market is driven by several factors, including:
Growing demand for food: As the world population continues to grow, the demand for food is increasing. Agriculture software helps farmers increase their crop yields, optimize their operations, and reduce waste, leading to more efficient and productive food production.
Advancements in artificial intelligence and machine learning: Artificial intelligence and machine learning technologies are revolutionizing the agriculture industry by enabling farmers to make data-driven decisions about crop management. Agriculture software that incorporates these technologies is becoming increasingly popular among farmers.
Government initiatives and subsidies: Many governments around the world are promoting the adoption of agriculture software by offering subsidies and other incentives to farmers. These initiatives are driving the growth of the agriculture software market by making it more affordable for farmers to adopt these technologies.
Opportunity Factors
The global agriculture software market presents several opportunities for growth and innovation, including:
Increasing demand for sustainable agriculture: As consumers become more conscious of the environmental impact of food production, there is a growing demand for sustainable agriculture practices. Agriculture software can help farmers reduce waste, optimize their operations, and minimize their environmental impact.
Development of mobile applications: Mobile applications for agriculture software could provide farmers with greater access to data and insights, particularly in regions where internet access is limited.
Collaboration with other stakeholders: Collaboration between agriculture software providers, farmers, and other stakeholders in the agriculture industry could lead to the development of new and innovative solutions for optimizing agriculture operations and improving food production.
Challenges Factors
Despite the potential opportunities for growth and innovation, there are several challenges facing the global agriculture software market, including:
Limited infrastructure: In many developing countries, the lack of infrastructure, such as internet connectivity and power supply, can hinder the adoption of agriculture software.
Data privacy and security concerns: As agriculture software involves the collection and storage of sensitive data, there are concerns about data privacy and security, particularly in regions with weak data protection regulations.
Lack of standardization: There is a lack of standardization in the agriculture software market, which can make it difficult for farmers to compare and choose between different products.
Limited access to education and training: Many farmers may lack the skills and knowledge needed to effectively use agriculture software, which could limit adoption and impact the potential benefits.
The Global Agriculture Software Market has been segmented into:
By Agriculture Type
- Precision Farming
- Livestock Monitoring
- Fish Farming
- Smart Greenhouse Farming
- Others
By Delivery Model
- Local/Web Based
- Cloud Based
- Software as a Service (SaaS)
- Platform as a Service (PaaS).
- Service Provider
By System Integrators
- Managed Service Providers
- Farm Operation Services
- Data Services
- Analytics Services
- Assisted Professional Service Providers
- Supply Chain Management Services
- Climate Information Services
- Others
By Connectivity Service Providers
- Maintenance
- Upgradation and Support Service Providers
By Application
- Precision Farming
- Yield Monitoring
- Field Mapping
- Crop Scouting
By Weather Tracking and Forecasting
- Irrigation Management
- Inventory Management
- Farm Labor Management
- Financial Management
- Others
By Livestock Monitoring
- Feeding Management
- Heat Stress Management
- Milk Harvesting
- Breeding Management
- Animal Comfort Management
- Behaviour Monitoring and Management
- Others
By Fish Farming
- Fish Tracking and Fleet Navigation
- Feeding Management
- Water Quality Management
- Others
- Smart Greenhouse Farming
- Heating Ventilation and Air Conditioning Management
- Yield Monitoring
- Water and Fertilizer Management
- Others
Market Players
The global agriculture software market is highly competitive and fragmented, with numerous players vying for market share. Some of the key companies in the market are:
- Grownetics, Inc. (US)
- Auroras s.r.l. (Italy)
- Granular, Inc. (San Francisco)
- TOPCON CORPORATION (Japan)
- The Climate Corporation (US)
- Farmers Edge Inc (Canada)
- DICKEY-john. (US)
- Conservis (US)
- Ag Leader Technology. (US)
- Raven Industries, Inc. (US)
- Iteris, Inc. (US)
- Reed Business Information Ltd (US)
- AgJunction (Canada)
- Trimble Inc. (US)
- Deere & Company. (US)
- Mothive (US), CropX inc. (US)
- Ceres Imaging, Inc (US)
- GAMAYA (Switzerland)
- AgriData Incorporated. (US)
- AgEagle Aerial Systems Inc. (US)
- Aker Solutions (Norway)
Strategic Developments
- In January 2022, Cargill invested $50 million in Cainthus, an Irish computer vision startup that uses artificial intelligence to monitor livestock health and behavior.
- In December 2021, Trimble acquired ICEYE, a Finnish satellite imaging company that provides high-resolution radar imagery for agriculture applications.
- In November 2021, John Deere acquired Bear Flag Robotics, a California-based startup that develops autonomous tractors and farming equipment.
- In October 2021, AGCO Corporation acquired Farmobile, a US-based agriculture data company that provides field monitoring and data analytics services.
- In August 2021, Corteva Agriscience invested $20 million in DMC Biotechnologies, a Colorado-based biotechnology company that develops microbial strains for agriculture applications.
- In June 2021, The Climate Corporation, a subsidiary of Bayer, acquired Solum, a California-based soil testing and data analytics company.
Read full Report with Graphs & Charts @ https://www.contrivedatuminsights.com/product-report/agriculture-software-market-248599/?utm_source=Dhananjay&utm_medium=PR
