Farm Management Software Market
The Farm Management Software Market is expected to grow at a faster CAGR during the forecast period (2021-2028).
The factors driving the growth of Farm Management Software Market includes rising consumption of food around the world, improvements in internet connectivity, growing adoption of precision farming techniques and increasing application of drones in the agricultural activities. According to the report published by ONE, the food demand in the International Market is expected to increase by 35% by the end of 2030, which will boost the application of Farm Management Software in the approaching years. Moreover, the integration of advanced technologies such as Artificial Intelligence (AI), Machine Learning, Cloud Computing and Internet of Things (IoT), rising Government expenditure for modernizing agriculture sector and increasing number of agriculture-based start-ups, are some of the additional factors boosting the Global Farm Management Software Market. In addition, the farm management software helps to manage inventory, distribution channels and monitors livestock performance, are some of the key features accelerating the Farm Management Software Market size.
However, the requirement for advanced infrastructure, seems to hinder the growth of Farm Management Software Market.
The major players operating in the market are Raven Industries, Inc., Topcon, Granular Inc., Corteva, Agrivi, Agworld Pty Ltd., Deere & Company, Trimble, Inc., AG Junction and Farmers Edge Inc. among others.
Application – Segment Analysis
Based on application, the precision aquaculture segment is projected to expand at a significant CAGR over the forecast period due to growing demand for aquatic food products, as per Statista, the aquafeed and aquaculture additives market is set to increase from USD 89.44 billion in 2021 to reach USD 100.61 billion by the end of 2024.
Offering – Segment Analysis
Based on offering, the data analytics services segment is predicted to capture a sizeable market share during the forecast period. The growing adoption of modern agricultural practices and increasing application of cloud computing for real time data analysis, are some of the factors responsible of the growth of the segment.
Regional – Segment Analysis
Based on region, the Asia-Pacific region is expected to hold the largest market share over the forecast period. The increasing agricultural practices, high population growth rates, growing adoption of drone and robotics in agriculture sector and rising disposable incomes, are some of the important factors propelling the market growth in Asia-Pacific.
Global Farm Management Software Market by Offering
Global Farm Management Software Market by Farm Production Planning
Global Farm Management Software Market by Farm Size
Global Farm Management Software Market by Application
Global Farm Management Software Market by Region
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