HOME Research Insight Product Launches, Product Developments, Partnerships, Contracts, Agreements, Mergers and Acquisitions, Collaborations, and Expansions to Grow in the Farm Management Software Market



Product Launches, Product Developments, Partnerships, Contracts, Agreements, Mergers and Acquisitions, Collaborations, and Expansions to Grow in the Farm Management Software Market


The farm management software market is expected to grow from USD 748.0 Million in 2016 to USD 1,937.9 Million by 2023, at a CAGR of 14.12% between 2017 and 2023. The increasing implementation of cloud computing in real-time farm data management, growing population and demand for food worldwide, governments’ support to adopt modern agricultural techniques, strengthening of intellectual property rights over agricultural innovations, and increasing focus on monitoring livestock performance and health to increase farm efficiency are the major factors driving the growth of the farm management software market.

The key players in the farm management software market are increasingly adopting strategies such as product launches, product developments, partnerships, contracts, agreements, mergers and acquisitions, collaborations, and expansions to grow in the farm management software market. According to the present scenario, major companies in the farm management software market are investing a lot in R&D. The companies are also partnering with other companies to offer cost-efficient solutions to reduce farming coast and increasing the agricultural production. In terms of market leadership, Deere & Company (US), Trimble (US), AgJunction (US), Raven Industries (US), AG Leader Technology (US), and SST Development Group (US) provide farm management software solutions worldwide.

Deere & Company (US) held the first position in the farm management software market. The company provides innovative agricultural software solutions and services, which help in strengthening its product portfolio. Deere & Company manufactures and distributes agriculture and turf as well as construction and forestry equipment worldwide. It also invests in research and development (R&D) for innovation in technologies. The company focuses on expansion in emerging markets of China, Japan, Brazil, Australia, and India, thereby strengthening its customer base. In February 2017, the company launched a new mobile application named “John Deere Connect Mobile Application.” Also, in November 2016, the company launched new mobile applications such as MyOperations App, MyAnalyzer App Maintenance Manager and MyMaintenance App, and Field Analyzer Maps.

Trimble, Inc. (US) ranked second in the farm management software market in 2016. The company provides technology solutions that are used across a range of industries including agriculture, architecture, civil engineering, survey and land administration, construction, geospatial, and environmental management. Trimble, Inc. focuses on expanding its market along with reducing the manufacturing costs. The company is continuously developing and launching products and technologies to establish a firm brand position in the market. It also made a number of strategic alliances to make new innovations in the farm management software market. For instance, in November 2016, the company launched Trimble Catalyst and Trimble Ag Software to enhance company’s product portfolio. In May 2017, Trimble acquired Müller-Elektronik (Germany) to expand its role in variable rate applications for farm management. Trimble, Inc. also partnered with Deere & Company (US) to enhance connected farm and farm works software solutions. This has helped Trimble in improving the company’s portfolio.

Product Launches, Product Developments, Partnerships, Contracts, Agreements, Mergers and Acquisitions, Collaborations, and Expansions to Grow in the Farm Management Software Market

Related Reports:

Farm Management Software Market by Agriculture Type (Precision Farming, Livestock Monitoring, Fish Farming, Smart Greenhouse Farming), Delivery Model (Web Based, Cloud Based), Service Provider, Application, and Geography - Global Forecast to 2023

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