Overview:
Farming operations worldwide are demanding accurate, innovative, and easy-to-implement practices for increasing overall production. Farm management software is of fundamental importance for successful operational farm management since it helps farmers with profit center analysis, tax management, inventory, and financial management, livestock management, and cost accounting. The global farm management software market is expected to exhibit tremendous growth due to the growing adoption of precision and smart farming practices. Due to the surge in food demand, smart farming practices play a vital role in improving farming operations and crop performance. An increasing focus on enhancing the yield and growth of crops is anticipated to facilitate market growth in the coming years. Moreover, the 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 manage their revenues effectively. Furthermore, the growing need to reduce crop waste, combined with rising food demand, has encouraged farmers to adopt efficient farming practices. This has surged the demand for effective management of crops and inventory, thereby facilitating the growth of the global farm management software market. Moreover, the adoption of remote sensing technology in the agricultural industry is on the rise due to the emergence of geographic information systems (GIS) and drones, which is another factor supporting market growth.
Government initiatives and policies encouraging the practice of advanced and modern agricultural techniques bode well for the growth of the farm management software market. For instance, the Queensland government in Australia is encouraging farmers to use interactive software and automated tools for managing farming operations. However, poor internet connectivity, coupled with a lack of proper technical knowledge, is anticipated to restrain market growth, especially in emerging economies. On the other hand, technological advancements, as well as increased smartphone access, are expected to present an abundance of opportunities in the near future, as wireless data transfer allows 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 basis:
Application
- Precision Farming
- Livestock Farming
- Fish Farming
- Smart Greenhouse Farming
- Others (forestry, horticulture, etc.)
Deployment Model
Geography
- North America
- U.S.
- Canada
Europe
Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Rest of Asia Pacific
Rest of the World
- Middle East and Africa
- Latin America
Key players identified for the 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.
