Farm Software Management Solution is anticipated to have CAGR of ~14.1% over 2019-2028. The software helps farmers in farming operations, managing financials, and labor management. Furthermore, appropriate management solutions help in improvising the profitability and the productivity of the farmers. The key factor attributed to drive the market includes the rise in implementation of cloud computing in real time farm management. The surge in demand of food with the growth in population is anticipated to grow in the forecast period. The government is shaking hands with the key players to bring innovations in the software. Additionally, the increase in focus over the livestock performance and their health is expected to help the market flourish.
Top Driver: Rise in focus over livestock performance and health monitoring to boost the industry
Farm Software Management Solution is projected to grow with the rise in the need to focus over the livestock performance is expected to boost the industry in the forecast period. Furthermore, the demand for having a better supervision over the health of the livestock would help the industry flourish. This would help the farm to gain maximum profit and avoid the loss of livestock in case of any such diseases or problems are seen. It ensures the management of the animals both in terms of quality of life and quantity. The increase in the loss of livestock is observed in the period, which has triggered the use of farm software management solutions.
Precision Farming to Make Crucial Contribution to Growth of Global Farm Software Management Solution Market
Among application segments of the global Farm Software Management Solution market, precision farming is expected to show maximum revenue shares. The surge in adoption of newer technologies and advancement in the devices for precision farming is anticipated to propel the growth of the industry in the coming years.
The fish farming segment is expected to show highest CAGR in the forecast period. This owes to the rise in demand for fish food combines with the growth in population and also the increase in the disposable income of the individuals in the developed countries. Furthermore, the surge in demand for fish farming in combination with software and hardware products and various other innovating sensors is helping the market flourish in the next few years.
Government support to Benefit North American Market
North America is experiencing highest revenue growth than any other country and is anticipated to grow further in the forecast period. This owes to the rise in the government regulations which are supportive to boost the farm management software. Additionally, the higher density of key players being present in the area is anticipated to propel the growth of the industry in the region. The major players present in North American region include, AG Leader Technology, Trimble, Inc., AgJunction, Inc., Deere & Company, and Raven Industries, Inc.
Players to Focus on advanced Farm Software Management Solution
The global Farm Software Management Solution market leaders include Topcon Positioning Systems, Trimble, AgJunction, Raven Industries, Iteris, DeLaval, AG Leader Technology, DICKEY-john, Deere & Company, SST Development Group, The Climate Corporation, and BouMatic.
Topcon Positioning Systems: In October 2019, Topcon Positioning Systems, a world leader in positioning technology for the survey and construction industries, announced its new, jointly owned company, Digital Construction Works is open for business, with a full global staff of digital construction experts who have been contributed by Bentley Systems and Topcon, respectively.
GreenWay Herbal Products LLC: In August 2018, Trimble announced that it had released a new agricultural software bundle, Farmer Fit, to its lineup of Trimble Ag Software solutions. The new Farmer Fit software bundle equips farms of all sizes with a powerful yet affordable field record-keeping and mapping system, available 24/7 on desktop, online or mobile platforms.
AG Leader Technology: In January 2018, John Deere Generation 4 CommandCenter Displays and Ag Leader Technology SMS software declared that they are now compatible via John Deere’s Ag Data Application Programming Toolkit (ADAPT) plug-in. Collaboration via ADAPT is helping to bridge compatibility in AG technology and machinery.
Scope of the Report
By Agriculture Type
By Deployment Model
Key Reasons to Purchase this Report
Table of Content
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