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: https://www.grandviewresearch.com/industry-analysis/farm-management-software-market
Further key findings from the report
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
request sample of this report by Grand View Research: https://www.grandviewresearch.com/industry-analysis/farm-management-software-market/request/rs1
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)
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.
For
more info visit @ https://www.grandviewresearch.com
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