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Farm Management Software Market: Growth, Future Prospects & Competitive Analysis, 2018 - 2026

Overview:

Farming operations worldwide are demanding accurate, innovative and easy-to-implement practices for increasing the overall production. Farm management software is of fundamental importance for a successful operational farm management since it helps farmer with profit center analysis, tax management, inventory and financial management, livestock management and cost accounting. The global farm management software is expected to exhibit tremendous growth due to growing adoption of precision/smart farming practices. Due to the surge in food demand, smart farming practices play a vital role in improving the farming operations and also the crop performance. Increasing focus on enhancing the yield and growth of crops is anticipated to facilitate the market growth in the coming years. Moreover, adoption of cloud computing technologies for real-time farm data management is another prime factor stimulating the growth of the farm management software market worldwide.

Using farm management software, farm owners can track all the necessary information and can manage their revenues effectively. Furthermore, rising need to avoid crop wastage coupled with continually increasing food demand has encouraged farmers to adopt efficient farming practices. This has surged the demand for effective management of crop and inventory, thereby facilitating the growth of global farm management software market. Moreover, adoption of the remote sensing technology in agricultural industry is on a rise due to the emergence of geographic information systems (GIS) and drones, which is another factor supporting the market growth.

Government initiatives and policies encouraging practice of advanced and modern agricultural techniques bodes well for the growth of farm management software market. For instance, the Queensland government in Australia is encouraging farmers to use of interactive software and automated tools for managing farming operations. However, poor internet connectivity, coupled with lack of proper technical knowledge is anticipated to restrain the market growth, especially in emerging economies. On the other hand, advancements in the technology along with growing access to smartphones is anticipated to present excessive amount of opportunities in the near future as wireless data transfer is permitting farmers to access farming related data anytime, anywhere. Increasing integration of technology in farming practices will enable farmers to make informed decisions about harvesting, crop yield, etc. and also about how best they can get their product to the market

The global farm management software market is segmented on the following bases:

  • Application
    • Precision Farming
    • Livestock Farming 
    • Fish Farming 
    • Smart Greenhouse Farming
    • Others (Forestry, Horticulture, etc.)
  • Deployment Model
    • Web-based
    • Cloud-based
  • Geography
    • North America
      • U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • Asia-Pacific
      • Japan
      • China
      • India
      • Rest of Asia Pacific
    • Rest of World
      • Middle East & Africa
      • Latin America

Key Players Identified for Farm Management Software Market Include but are Not Limited to:

AccuFarm Ltd., Agritech Software, Ag Leader Technology, Deere & Company, Trimble, Inc., AgJunction, GEA Group, DICKEY-john, SST Development Group, Inc., The Climate Corporation, Iteris, Inc., Conservis Corporation, DeLaval, Inc., Farmers Edge Inc. and among others

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