The
global farm management software market size is
anticipated to reach USD 4.22 billion by 2025, according to a new report by
Grand View Research, Inc., expanding at a CAGR of 16.7% during the forecast
period. The perpetual shortage of water along with growing population in
developing countries is compelling governments to seek different ways of
increasing food production.
A
shift from inefficient traditional agricultural methods to modern agricultural
practices would help cope with sustainability challenges in the agriculture
industry, which is expected to positively influence the farm management
software market over the forecast period.
Increasing
awareness regarding benefits of organic foods and their subsequently growing
consumption are fueling the demand for higher agricultural output. As a result,
industry players are investing in R&D activities to develop effective and
efficient drones for enhancing productivity. The Food and Agriculture
Organization (FAO) estimated a 60% increase in the demand for agricultural
products by 2050, representing an approximate increase by 1% per year, as the
global population is likely to reach 9 billion by 2050. Furthermore, growing
middle-class population in emerging countries is poised to stoke the demand for
agricultural products such as vegetables and fruits. Moreover, increasing
uptake of healthier food is boosting the demand for market.
Increasing
focus of farmers on crop yield, productivity, and farm efficiency is projected
to provide a fillip to the market over the forecast period. Advancements in
technologies such as cloud computing and Internet of Things (IoT) are
anticipated to promote the usage of big data, artificial intelligence, and
robots in farming. Big data plays an essential role in providing predictive
insights in agriculture, redesigning business process, and making real-time
operational decisions for altering business models.
Global
IT companies such as IBM are offering software solutions and big data analytics
for precision farming techniques. On the other hand, startups are moving
upstream in the value chain and extending their offerings to insurance and
advisory services. The value chain of the farm management software market
includes suppliers, agricultural OEMs, integrators & service providers, and
customers.
Browse full
research report on Farm Management Software Market: www.grandviewresearch.com/industry-analysis/farm-management-software-market
Further
Key findings from the study suggest:
- The emergence of big data, mobile computing,
and advanced sensing technology, which supports software are shaping the
farm management software market
- The cloud-based deployment model is expected to
witness the most promising growth, registering a CAGR of 19.5% over the
projected period
- The data, which is collected through sensors
and drones, is visualized through platforms developed by service providers
- The managed services segment dominated the
market in 2016. Managed services are similar to third party or outsourced
services. Most growers adopt managed service providers for drone services
as collection of data using drones requires special assistance
- The North American market dominated the market
and was valued at USD 492.7 million in 2016
- Some of the key players in the market are
DeLaval International AB; CropMetrics LLC; Granular, Inc.; DICKEY-john
Corporation; Gamaya; and Raven Industries.
Browse more
reports of this category by Grand View Research: www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
Grand View Research has segmented the global farm management software
market based on agriculture type, deployment model, service, and region:
Farm
Management Software Agriculture Type Outlook (Revenue, USD Million, 2014 -
2025)
- Precision
farming
- Livestock
monitoring
- Smart
greenhouse
- Others
Farm
Management Software Deployment Model Outlook (Revenue, USD Million, 2014 -
2025)
- Web-based
- Cloud-based
Farm
Management Software Services Outlook (Revenue, USD Million, 2014 - 2025)
- System integration
& consulting
- Maintenance
& support
- Managed
services
- Data
services
- Analytics
services
- Farm
operation services
- Assisted
professional services
- Supply
chain management services
- Climate
information services
Farm
Management Software Regional Outlook (Revenue, USD Million, 2014 - 2025)
- North
America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Russia
- Asia
Pacific
- China
- Japan
- India
- Australia
- South
America
- Brazil
- Middle
East and Africa (MEA)
Access
Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-farm-management-software-market
About Grand
View Research:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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