HOME Top Market 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

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

By: marketsandmarkets.com
Publishing Date: September 2017
Report Code: SE 4449

 

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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 base year considered for the study is 2016 and the market size forecast is provided for the period between 2017 and 2023.

The prime objectives of this report can be summarized in the following points.

  • To define, describe, and forecast the global farm management software market on the basis of agriculture type, delivery model, application, service provider, and geography
  • To strategically analyze micromarkets with respect to individual growth trends, future prospects, and contribution to the total market
  • To analyze the opportunities in the market for stakeholders
  • To forecast the market size for various segments with respect to the following regions: Americas, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
  • To strategically profile the key players and comprehensively analyze their market rankings and core competencies
  • To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To analyze competitive strategies such as contracts, joint ventures, mergers and acquisitions, product developments, and R&D in the farm management software market
  • To map the competitive intelligence based on company profiles, key player strategies, and game-changing developments such as contracts, product launches, collaborations, and acquisitions

This study involves the extensive use of secondary sources, directories, and databases (such as Hoovers, Bloomberg Business, Factiva, and OneSource) to identify and collect information useful for this study. The research methodology followed in this report is explained below.

  • Identifying various applications and industries that are using or are expected to adopt farm management software services
  • Analyzing each application, along with the related major companies and their system integrators and identifying the service providers for the adoption of farm management software
  • Understanding the demand generated by these applications for farm management software
  • Estimating the market size of farm management software for each region
  • Tracking the ongoing and upcoming implementation of farm management software by various companies for each application and region to forecast the market based on these developments and other critical parameters

After arriving at the overall market size, the total market has been split into several segments and subsegments, which was further confirmed with the key industry experts. The figure below shows the breakdown of primaries on the basis of company type, designation, and region.

Farm Management Software Market

To know about the assumptions considered for the study, download the pdf brochure

The farm management software ecosystem includes manufacturers and resellers such as 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), and GEA Group (Germany).

Key Target Audience

  • Farm management software providers
  • IT service providers
  • Cloud service providers
  • Farm management solution suppliers
  • Original equipment manufacturers (OEMs)
  • System integrators and third-party vendors
  • Software solution providers
  • Government bodies
  • Technology investors
  • Enterprise data center professionals
  • Research institutes and organizations
  • Market research and consulting firms

Scope of the Report

The farm management software market has been covered in detail in this report. To provide a holistic picture, the current market demand and forecasts have also been included in the report. The farm management software market has been segmented as follows:

By Agriculture Type

  • Precision Farming
  • Livestock Farming
  • Fish Farming
  • Smart Greenhouse Farming
  • Others (Orchid, Forestry, and Horticulture)

By Delivery Model

  • Local/Web Based
  • Cloud Based
    • Software as a Service (SaaS)
    • Platform as a Service (PaaS)

By Application

  • Precision Farming Applications
  • Livestock Monitoring Applications
  • Fish Farming Applications
  • Smart Greenhouse Applications
  • Others

By Service Provider

  • System Integrators
  • Managed Services
  • Assisted Professional Services
  • Connectivity Services
  • Maintenance, Upgradation, and Support Services

By Geography

  • Americas
  • Europe
  • Asia Pacific (APAC)
  • Rest of the World (RoW)

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Agriculture Type Analysis:

Detailed analysis of precision farming, livestock farming, fish farming, smart greenhouse farming, and others

Country-Wise Information:

Detailed analysis of each country

Company Information:

Detailed analysis and profiling of additional market players (up to five)

Table of Contents

1 Introduction (Page No. - 18)
    1.1 Study Objectives
    1.2 Market Definition
    1.3 Scope of the Study
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 21)
    2.1 Research Approach
           2.1.1 Secondary Data
                    2.1.1.1 List of Major Secondary Sources
                    2.1.1.2 Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Primary Interviews With Experts
                    2.1.2.2 Breakdown of Primaries
                    2.1.2.3 Primary Sources
           2.1.3 Secondary and Primary Research
                    2.1.3.1 Key Industry Insights
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 32)

4 Premium Insights (Page No. - 36)
    4.1 Global Farm Management Software Market
    4.2 Farm Management Software Market in APAC
    4.3 Regional Analysis of Farm Management Software Market
    4.4 Life Cycle Analysis of Farm Management Software Market

5 Market Overview (Page No. - 40)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Implementation of Cloud Computing in Real-Time Farm Data Management
                    5.2.1.2 Growing Population and Demand for Food Worldwide
                    5.2.1.3 Governments’ Support to Adopt Modern Agricultural Techniques
                    5.2.1.4 Strengthening of Intellectual Property Rights Over Agricultural Innovations
                    5.2.1.5 Focus on Monitoring Livestock Performance and Health to Increase Farm Efficiency
           5.2.2 Restraints
                    5.2.2.1 High Initial Capital Investment
                    5.2.2.2 Dearth of Technical Acumen
           5.2.3 Opportunities
                    5.2.3.1 Growing Integration of Smartphones With Farm Management Software
                    5.2.3.2 Availability of High-Speed Internet Connectivity to Create New Opportunities for Software Providers in New Geographic Regions
           5.2.4 Challenges
                    5.2.4.1 Data Management for Effective Decision-Making
                    5.2.4.2 Lack of Standardization for Managing the Agricultural Data
                    5.2.4.3 Capital Market Challenges & Consolidation Risks for Market Players

6 Industry Trends (Page No. - 50)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Key Industry Trends
           6.3.1 Latest Trends in the Farm Management Software Market
                    6.3.1.1 Privacy and Security Principles for Farm Data
                    6.3.1.2 Big Data Presents Lucrative Opportunity for Farm Data Analytics
                    6.3.1.3 Advance Sensing Technology That Supports Software Technology
                    6.3.1.4 Mobile Computing Shaping Farm Management Software Market
           6.3.2 Mergers and Acquisitions and Venture Funding in the Farm Management Software Market
                    6.3.2.1 Mergers and Acquisitions
                    6.3.2.2 Venture Funding and Investments
           6.3.3 Start-Up Scenario
                    6.3.3.1 List of Major Start-Ups

7 Farm Management Software Market, By Agriculture Type (Page No. - 59)
    7.1 Introduction
    7.2 Precision Farming
    7.3 Livestock Monitoring
    7.4 Fish Farming
    7.5 Smart Greenhouse Farming
    7.6 Others

8 Farm Management Software Market, By Delivery Model (Page No. - 78)
    8.1 Introduction
    8.2 Local/Web Based
    8.3 Cloud Based
           8.3.1 Software as A Service (SaaS)
           8.3.2 Platform as A Service (PaaS)

9 Farm Management Software Market, By Application (Page No. - 84)
    9.1 Introduction
    9.2 Precision Farming
           9.2.1 Yield Monitoring
           9.2.2 Field Mapping
           9.2.3 Crop Scouting
           9.2.4 Weather Tracking & Forecasting
           9.2.5 Irrigation Management
           9.2.6 Inventory Management
           9.2.7 Farm Labor Management
           9.2.8 Financial Management
           9.2.9 Others
    9.3 Livestock Monitoring
           9.3.1 Feeding Management
           9.3.2 Heat Stress Management
           9.3.3 Milk Harvesting
           9.3.4 Breeding Management
           9.3.5 Animal Comfort Management
           9.3.6 Behavior Monitoring & Management
           9.3.7 Others
    9.4 Fish Farming
           9.4.1 Fish Tracking & Fleet Navigation
           9.4.2 Feeding Management
           9.4.3 Water Quality Management
           9.4.4 Others
    9.5 Smart Greenhouse Farming
           9.5.1 Hvac Management
           9.5.2 Yield Monitoring
           9.5.3 Water & Fertilizer Management
    9.6 Others

10 Farm Management Software Market, By Service Provider (Page No. - 114)
     10.1 Introduction
     10.2 System Integrators
     10.3 Managed Service Providers
             10.3.1 Farm Operation Services
             10.3.2 Data Services
             10.3.3 Analytics Services
     10.4 Assisted Professional Service Providers
             10.4.1 Supply Chain Management Services
             10.4.2 Climate Information Services
             10.4.3 Others
     10.5 Connectivity Service Providers
     10.6 Maintenance, Upgradation, & Support Service Providers

11 Geographic Analysis (Page No. - 124)
     11.1 Introduction
     11.2 Americas
             11.2.1 North America
                        11.2.1.1 US
                        11.2.1.2 Canada
                        11.2.1.3 Mexico
             11.2.2 South America
                        11.2.2.1 Brazil
                        11.2.2.2 Argentina
                        11.2.2.3 Rest of South America
     11.3 Europe
             11.3.1 Germany
             11.3.2 France
             11.3.3 UK
             11.3.4 Italy
             11.3.5 Netherlands
             11.3.6 Rest of Europe
     11.4 APAC
             11.4.1 China
             11.4.2 Japan
             11.4.3 South Korea
             11.4.4 Australia
             11.4.5 India
             11.4.6 Rest of APAC
     11.5 RoW
             11.5.1 Middle East
             11.5.2 Africa
             11.5.3 Russia

12 Competitive Landscape (Page No. - 151)
     12.1 Introduction
     12.2 Market Ranking Analysis, 2016
     12.3 Competitive Situation and Trends

13 Company Profiles (Page No. - 153)
(Business Overview, Products Offered, Product Offering Scorecard, Business Strategy Scorecard, Recent Developments, Key Relationships)*
     13.1 Introduction
     13.2 Deere & Company
     13.3 Trimble, Inc.
     13.4 Agjunction, Inc.
     13.5 Raven Industries, Inc.
     13.6 Iteris, Inc.
     13.7 AG Leader Technology
     13.8 Dickey-John Corporation
     13.9 SST Development Group, Inc.
     13.10 Topcon Positioning Systems, Inc.
     13.11 The Climate Corporation
     13.12 Conservis Corporation
     13.13 Farmers Edge Inc.
     13.14 Delaval
     13.15 Gea Group AG
     13.16 Boumatic LLC
     13.17 Start-Up Ecosystem
             13.17.1 Grownetics
             13.17.2 Agrivi
             13.17.3 Granular
             13.17.4 Living Software
             13.17.5 Taplogic

*Details on Business Overview, Products Offered, Product Offering Scorecard, Business Strategy Scorecard, Recent Developments, Key Relationships Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 207)
     14.1 Insights From Industry Experts
     14.2 Discussion Guide
     14.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.4 Introducing RT: Real-Time Market Intelligence
     14.5 Available Customization
     14.6 Related Reports
     14.7 Author Details


List of Tables (67 Tables)

Table 1 Mergers and Acquisitions of Software-Based Farm Management Companies, 2010–2016
Table 2 Venture Funding and Investments in Software-Based Farm Management Companies, 2013–2016
Table 3 List of Major Farm Management Software and Service Start-Ups
Table 4 Farm Management Software Market, By Agriculture Type, 2014–2023 (USD Million)
Table 5 Farm Management Software Market in Precision Farming, By Delivery Model, 2014–2023 (USD Million)
Table 6 Farm Management Software Market in Precision Farming, By Cloud-Based Delivery Model, 2014–2023 (USD Million)
Table 7 Farm Management Software Market in Precision Farming, By Region, 2014–2023 (USD Million)
Table 8 Farm Management Software Market in Livestock Monitoring, By Delivery Model, 2014–2023 (USD Million)
Table 9 Farm Management Software Market in Livestock Monitoring, By Cloud-Based Delivery Model, 2014–2023 (USD Million)
Table 10 Farm Management Software Market in Livestock Monitoring, By Region, 2014–2023 (USD Million)
Table 11 Farm Management Software Market in Fish Farming, By Delivery Model, 2014–2023 (USD Million)
Table 12 Farm Management Software Market for Fish Farming, By Cloud-Based Delivery Model, 2014–2023 (USD Million)
Table 13 Farm Management Software Market in Fish Farming, By Region, 2014–2023 (USD Million)
Table 14 Farm Management Software Market in Smart Greenhouse Farming, By Delivery Model, 2014–2023 (USD Million)
Table 15 Farm Management Software Market in Smart Greenhouse Farming, By Cloud-Based Delivery Model, 2014–2023 (USD Million)
Table 16 Farm Management Software Market for Smart Greenhouse Farming, By Region, 2014–2023 (USD Million)
Table 17 Farm Management Software Market in Other Agriculture Type, By Delivery Model, 2014–2023 (USD Million)
Table 18 Farm Management Software Market in Other Agriculture Type, By Cloud-Based Delivery Model, 2014–2023 (USD Million)
Table 19 Farm Management Software Market in Other Agriculture Type, By Region, 2014–2023 (USD Million)
Table 20 Farm Management Software Market, By Delivery Model, 2014–2023 (USD Million)
Table 21 Farm Management Cloud-Based Software Market, By Type, 2014–2023 (USD Million)
Table 22 Farm Management Software Market, By Application, 2014–2023 (USD Million)
Table 23 Farm Management Software Market for Precision Farming, By Application, 2014–2023 (USD Million)
Table 24 Farm Management Software Market in Precision Farming for Yield Monitoring Application, By Region, 2014–2023 (USD Million)
Table 25 Farm Management Software Market in Precision Farming for Field Mapping Application, By Region, 2014–2023 (USD Million)
Table 26 Farm Management Software Market in Precision Farming for Crop Scouting Application, By Region, 2014–2023 (USD Million)
Table 27 Farm Management Software Market in Precision Farming for Weather Tracking & Forecasting Application, By Region, 2014–2023 (USD Million)
Table 28 Farm Management Software Market in Precision Farming for Irrigation Management Application, By Region, 2014–2023 (USD Million)
Table 29 Farm Management Software Market in Precision Farming for Inventory Management Application, By Region, 2014–2023 (USD Million)
Table 30 Farm Management Software Market in Precision Farming for Farm Labor Management Application, By Region, 2014–2023 (USD Million)
Table 31 Farm Management Software Market in Precision Farming for Financial Management Application, By Region, 2014–2023 (USD Million)
Table 32 Farm Management Software Market in Precision Farming for Other Applications, By Region, 2014–2023 (USD Million)
Table 33 Farm Management Software Market for Livestock Monitoring, By Application 2014–2023 (USD Million)
Table 34 Farm Management Software Market in Livestock Monitoring for Feeding Management Application, By Region, 2014–2023 (USD Million)
Table 35 Farm Management Software Market in Livestock Monitoring for Heat Stress Management Application, By Region, 2014–2023 (USD Million)
Table 36 Farm Management Software Market in Livestock Monitoring for Milk Harvesting Management Application, By Region, 2014–2023 (USD Million)
Table 37 Farm Management Software Market in Livestock Monitoring for Breeding Management Application, By Region, 2014–2023 (USD Million)
Table 38 Farm Management Software Market in Livestock Monitoring for Animal Comfort Management Application, By Region, 2014–2023 (USD Million)
Table 39 Farm Management Software Market in Livestock Monitoring for Behavior Monitoring & Management Application, By Region, 2014–2023 (USD Million)
Table 40 Farm Management Software Market in Livestock Monitoring for Other Applications, By Region, 2014–2023 (USD Million)
Table 41 Farm Management Software Market for Fish Farming, By Application, 2014–2023 (USD Million)
Table 42 Farm Management Software Market in Fish Farming for Fish Tracking & Fleet Navigation Application, By Region, 2014–2023 (USD Million)
Table 43 Farm Management Software Market in Fish Farming for Feeding Management Application, By Region, 2014–2023 (USD Million)
Table 44 Farm Management Software Market in Fish Farming for Water Quality Management Application, By Region, 2014–2023 (USD Million)
Table 45 Farm Management Software Market in Fish Farming for Others Applications, By Region, 2014–2023 (USD Million)
Table 46 Farm Management Software Market for Smart Greenhouse Farming, By Application, 2014–2023 (USD Million)
Table 47 Farm Management Software Market in Smart Greenhouse Farming for Hvac Management Application, By Region, 2014–2023 (USD Million)
Table 48 Farm Management Software Market in Smart Greenhouse Farming for Yield Monitoring Application, By Region, 2014–2023 (USD Million)
Table 49 Farm Management Software Market in Smart Greenhouse Farming for Water & Fertilizer Management Application, By Region, 2014–2023 (USD Million)
Table 50 Farm Management Software Market, By Service Provider, 2014–2023 (USD Million)
Table 51 Farm Management Software Market in Precision Farming, By Service Provider, 2014–2023 (USD Million)
Table 52 Farm Management Software Market in Livestock Monitoring, By Service Provider, 2014–2023 (USD Million)
Table 53 Farm Management Software Market in Fish Farming, By Service Provider, 2014–2023 (USD Million)
Table 54 Farm Management Software Market in Smart Greenhouse Farming, By Service Provider, 2014–2023 (USD Million)
Table 55 Farm Management Software Market in Other Agriculture Type, By Service Provider, 2014–2023 (USD Million)
Table 56 Farm Management Software Market, By Region, 2014–2023 (USD Million)
Table 57 Farm Management Software Market in the Americas, By Region, 2014–2023 (USD Million)
Table 58 Farm Management Software in the America, By Agriculture Type, 2014–2023 (USD Million)
Table 59 Farm Management Software Market in North America, By Country, 2014–2023 (USD Million)
Table 60 Farm Management Software Market in South America, By Country, 2014–2023 (USD Million)
Table 61 Farm Management Software Market in Europe, By Agriculture Type, 2014–2023 (USD Million)
Table 62 Farm Management Software Market in Europe, By Country, 2014–2023 (USD Million)
Table 63 Farm Management Software Market in APAC, By Agriculture Type, 2014–2023 (USD Million)
Table 64 Farm Management Software Market in APAC, By Country, 2014–2023 (USD Million)
Table 65 Farm Management Software Market in RoW, By Agriculture Type, 2014–2023 (USD Million)
Table 66 Farm Management Software Market in RoW, By Country, 2014–2023 (USD Million)
Table 67 Market Ranking of Top 5 Players in the Farm Management Software Market, 2016


List of Figures (74 figures)

Figure 1 Farm Management Software Market: Research Design
Figure 2 Bottom-Up Approach
Figure 3 Top-Down Approach
Figure 4 Data Triangulation
Figure 5 Precision Farming Expected to Hold Largest Size of the Farm Management Software Market During the Forecast Period
Figure 6 Farm Management Software Market for Cloud-Based Delivery Model Expected to Grow at A Higher CAGR Between 2017 and 2023
Figure 7 Farm Management Software Market for Connectivity Services Providers Expected to Grow at the Highest CAGR Between 2017 and 2023
Figure 8 Americas Held Major Share of the Farm Management Software Market in 2016
Figure 9 Need for Real-Time Data Management Through Cloud Computing Expected to Drive the Farm Management Software Market
Figure 10 Australia Held the Largest Share of the Farm Management Software Market in APAC in 2016
Figure 11 US Held the Largest Share of the Farm Management Software Market in 2016
Figure 12 The Overall Farm Management Software Market Life Cycle is Currently in the Growth Stage
Figure 13 Farm Management Software Market: Drivers, Restraints, Opportunities, and Challenges
Figure 14 Cloud Based vs on Premise Deployment of Software, 2013–2018
Figure 15 World Food Consumption in Kcal/Person/Day, By 2030
Figure 16 Factors Responsible for Not Using Farm Management Software Techniques in the UK, 2012
Figure 17 Global Mobile Subscriber Base, 2009–2017 (USD Million)
Figure 18 Farm Management Software Market: Value Chain Analysis
Figure 19 Farm Management Software Market, By Agriculture Type
Figure 20 Farm Management Software Market for Precision Farming Expected to Hold the Largest Size During the Forecast Period
Figure 21 Farm Management Software Market in Precision Farming for Cloud-Based Delivery Model Expected to Grow at A Higher CAGR Between 2017 and 2023
Figure 22 Software as A Service (SaaS) Model Expected to Hold A Larger Size of Farm Management Software Market in Precision Farming for Cloud-Based Delivery Model During the Forecast Period
Figure 23 Farm Management Software Market in Livestock Monitoring for Cloud-Based Delivery Model Expected to Grow at A Higher CAGR Between 2017 and 2023
Figure 24 Software as A Service (SaaS) Model Expected to Hold A Larger Size of Farm Management Software Market in Livestock Monitoring for Cloud-Based Delivery Model During the Forecast Period
Figure 25 Farm Management Software Market in Fish Farming for Cloud-Based Delivery Model Expected to Grow at A Higher CAGR Between 2017 and 2023
Figure 26 Software as A Service (SaaS) Model Expected to Hold A Larger Size of Farm Management Software Market in Fish Farming for Cloud-Based Delivery Model During the Forecast Period
Figure 27 Cloud-Based Delivery Model Expected to Grow at A Higher CAGR for Farm Management Software Market in Smart Greenhouse Farming Between 2017 and 2023
Figure 28 Software as A Service (SaaS) Model Expected to Hold A Larger Size of Farm Management Software Market in Smart Greenhouse Farming for Cloud-Based Delivery Model During the Forecast Period
Figure 29 Cloud-Based Delivery Model Expected to Grow at A Higher CAGR for Farm Management Software Market in Other Agriculture Type Between 2017 and 2023
Figure 30 Farm Management Software Market in Other Agriculture Type in Americas Expected to Hold the Largest Size During the Forecast Period
Figure 31 Farm Management Software Market, By Delivery Model
Figure 32 Local/Web-Based Delivery Model Expected to Hold the Largest Size of the Farm Management Software Market During the Forecast Period
Figure 33 Platform as A Service (PaaS) Model Expected to Hold the Largest Size of the Farm Management Software Market for Cloud-Based Delivery Model By 2023
Figure 34 Farm Management Software Market, By Application
Figure 35 Precision Farming Applications Expected to Hold the Largest Size of the Farm Management Software Market During the Forecast Period
Figure 36 Americas Expected to Hold the Largest Size of the Farm Management Software Market for Yield Monitoring Application During the Forecast Period
Figure 37 Americas Expected to Hold the Largest Size of the Farm Management Software Market in Precision Farming for Crop Scouting Application During the Forecast Period
Figure 38 Americas Expected to Hold the Largest Size of the Farm Management Software Market in Precision Farming for Irrigation Management Application During the Forecast Period
Figure 39 Milk Harvesting Management Application Expected to Hold the Largest Size of the Farm Management Software Market for Livestock Monitoring During the Forecast Period
Figure 40 Farm Management Software Market in Livestock Monitoring for Heat Stress Management Application in APAC Expected to Grow at the Highest CAGR During the Forecast Period
Figure 41 Farm Management Software Market in Livestock Monitoring for Breeding Management Application in Americas Expected to Hold the Largest Size During the Forecast Period
Figure 42 Fish Tracking & Fleet Navigation Application Expected to Hold the Largest Size of the Farm Management Software Market for Fish Farming During the Forecast Period
Figure 43 Farm Management Software Market in Fish Farming for Feeding Management Application in APAC Expected to Grow at the Highest CAGR During the Forecast Period
Figure 44 Farm Management Software Market in Smart Greenhouse Farming for Yield Monitoring Application Expected to Grow at the Highest CAGRduring the Forecast Period
Figure 45 Farm Management Software Market in Smart Greenhouse Farming for Yield Monitoring Application in Europe Expected to Hold the Largest Size During the Forecast Period
Figure 46 Farm Management Software Market, By Service Provider
Figure 47 Farm Management Software Market for Connectivity Service Providers Expected to Grow at the Highest CAGR Between 2017 and 2023
Figure 48 Farm Management Software Market in Precision Farming for System Integrators Expected to Hold the Largest Size Between 2017 and 2023
Figure 49 Farm Management Software Market in Livestock Monitoring for Maintenance, Upgradation, and Support Service Providers Expected to Grow at the Highest CAGR Between 2017 and 2023
Figure 50 Farm Management Software Market in Smart Greenhouse Farming for Maintenance, Upgradation, and Support Service Providers Expected to Grow at the Highest CAGR Between 2017 and 2023
Figure 51 Farm Management Software Market, By Geography
Figure 52 Farm Management Software Market: Geographic Snapshot
Figure 53 The Americas: Farm Management Software Market Snapshot
Figure 54 North America Expected to Hold A Larger Size of the Farm Management Software Market During the Forecast Period
Figure 55 Precision Farming Expected to Hold the Largest Size of the Farm Management Software Market in the Americas Between 2017 and 2023
Figure 56 US Expected to Hold the Largest Size of the Farm Management Software Market in North America During the Forecast Period
Figure 57 Farm Management Software Market in Argentina Expected to Grow at the Highest CAGR Between 2017 and 2023
Figure 58 Europe: Farm Management Software Market Snapshot
Figure 59 Precision Farming Expected to Hold the Largest Size of the Farm Management Software Market in Europe Between 2017 and 2023
Figure 60 Farm Management Software Market in France Expected to Grow at the Highest CAGR Between 2017 and 2023
Figure 61 APAC: Farm Management Software Market Snapshot
Figure 62 Farm Management Software Market for Fish Farming in APAC Expected to Grow at the Highest CAGR Between 2017 and 2023
Figure 63 Australia Expected to Hold the Largest Size of the Farm Management Software Market in APAC Between 2017 and 2023
Figure 64 Farm Management Software Market for Livestock Monitoring in RoW Expected to Grow at the Highest CAGR During the Forecast Period
Figure 65 Russia Expected to Hold the Largest Size of the Farm Management Software Market in RoW Between 2017 and 2023
Figure 66 Battle for Market Share: Product Launches Emerged as the Key Strategy Between 2014 and 2017
Figure 67 Geographic Revenue Mix of Major Players in the Farm Management Software Market, 2016
Figure 68 Deere & Company: Company Snapshot
Figure 69 Trimble: Company Snapshot
Figure 70 Agjunction : Company Snapshot
Figure 71 Raven Industries: Company Snapshot
Figure 72 Iteris: Company Snapshot
Figure 73 Delaval: Company Snapshot
Figure 74 GEA Group: Company Snapshot

According to MarketsandMarkets’ forecast, the farm management software market, in terms of value, 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 major drivers for the farm management software market are 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,             among others.

This report covers the farm management software market based on agriculture type, delivery model, service provider, application, and geography. The precision farming agriculture type is expected to lead the market between 2017 and 2023. Precision farming is expected to be the fastest-growing agriculture type in farm management software market due to increasing focus on farm efficiency, crop yield, and productivity. The increasing demand for food worldwide, extended profitability and production due to the implementation of advanced techniques in farming, and monitoring of crops to yield production benefits are some of the major factors contributing to the growth of the farm management software market for precision farming. Also, the government initiatives worldwide are helping farmers use optimized agricultural and technological tools and improve their farm production.

Farm management software market has different delivery models such as local/web and cloud based. The local/web-based delivery model includes software that is installed locally and can be considered as a static approach of using the software. A cloud-based delivery model is dynamic and includes software that can be used according to the customer requirements for data storage on the cloud; also, no physical infrastructure, such as servers and cables, is required for operating this model.

The farm management software market in APAC is expected to grow at the highest rate between 2017 and 2023. The adoption rate of farm management software is expected to grow at a high rate in APAC as this region consists of emerging countries such as India, China, and Southeast Asian countries. Rapidly increasing population, availability of arable farms, and government support through subsidies are the factors that are driving the adoption of the farm management software market in APAC.

Farm Management Software Market

Americas is expected to hold the largest share of the farm management software market in 2023. The Americas region is one of the most important markets for farm management software. The government compliance, increase in the need for farm yield, and demand for advanced agricultural solutions is expected to drive the growth of the farm management software market in this region. Farmers in this region are increasingly adopting modern farming systems and equipment such as farm management software, mobile applications, cloud services, imagery services, hi-speed internet services, and data analytics services.

The farm management software market is facing a few restraints such as high initial capital investment and dearth of technical acumen. Farmers need to pay an additional cost for the integration of software with the hardware devices and also for further consultation to use as these software solutions as they are complex to use. Use of farm management software solutions in agriculture management requires technical knowledge to some extent. The inability of some farmers to understand the processes to use farm management software, agricultural data handling, and its use in decision-making acts as a restraining factor for the growth of the farm management software market.

The major challenges for the companies in the farm management software market are privacy and security concerns, and new and strategic partnerships. The major vendors in the farm management software market include Deere & Company (US), Trimble (US), AgJunction (US), Raven Industries (US), AG Leader Technology (US), and SST Development Group (US). These players adopted various strategies such as new product developments, mergers, partnerships, collaborations, and expansions to cater to the needs of customers.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

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