Farm Management Software Market Growth, Analysis, Latest Trends and Forecast till 2028

The global farm management software market is estimated to grow from USD 3.0 billion in 2023 to USD 5.1 billion by 2028 at a CAGR of 11.1% during 2023–2028. The market growth for farm management software is driven with rising usage of on-cloud systems for farm management, increased usage of sky drones and remote sensing for real-time farm data management, increased food demand with continuously increasing population across the globe. Another key driving factors are the rising implementation of AI and IoT in agriculture. The increased use of skydrones, remote sensing, and big data analytics in digital agriculture has boosted the demand and growth of this market. Initiatives taken up by government support in order to encourage agricultural techniques, livestock monitoring, to boost up the farm efficiency is further propelling the growth of this market.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=217016636

The production planning segment to hold the largest market share by 2028

The production planning of the farm management software market is estimated to register largest market share in 2028. Farmers are extensively using farm management software for monitoring and data analytics applications to formulate data-driven strategies to maximize profits. Data pertaining to production processes, crops, and equipment is collected with the help of sensors. This data is stored in the cloud, and data analytics solutions generate insights with that data. Farm owners can leverage these insights and make important decisions about their farms.

The data analytics services segment to register higher CAGR during the forecast period

Based on offering, farm management software market for data analytics services is projected to register the highest CAGR during the forecast period. The farm management software market for the on-cloud delivery model is expected to show attractive growth during the forecast period. The increasing adoption of cloud-based software, owing to its optimized performance, effective energy utilization, and ease of access, is a major factor driving the growth of the market. The cloud-based delivery model is gaining traction since several start-up companies use cloud computing to provide their services. The increased demand for data management in agricultural farms with the help of cloud computing in order to maintain farm efficiencies prove to be a driving factor that fosters the growth of this market.

Americas held largest share of the farm management software market in 2022

Americas has an established market for farm management software due to awareness among farmers about IoT, AI, big data analytics, high usage and acceptance of monitoring device operations through heavy internet usage in US and Canada. Another driving factor is the higher technological advancement and high adoption of agriculture technology by farm operators.  Farmers in the US are highly aware and have been adopting modern agricultural practices since the early 1990s. The penetration of technologies such as IoT, GPS devices, smart camera systems, and precision irrigation systems for monitoring farms in the US is relatively high. Most of the large players in the farm management software market are based in the US, and the average farm size in the country is also large.

Inquiry Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=217016636

Key players in the farm management software market include Trimble Inc. (US), Raven Industries (US), Topcon (US), Granular Inc. (US), AGRIVI (UK), AgJunction Inc. (US), Farmers Edge Inc. (Canada), Agworld (US), Deere & Company (US), IBM Corporation (US), SST Software (US), Climate LLC (US), Microsoft Corporation (US), Afimilk Ltd. (Israel), Iteris (US), GEA Farm Technologies (Ukraine), CropX Inc.(Israel), Conservis (US), Cropio (Ukraine), CropIn (India), ec2ce (Spain), Gamaya (Switzerland), Connecterra B.V. (Netherlands), Aquabyte (US), and Eruvaka Technologies (India). These players are increasingly undertaking strategies such as product launches and development, expansions, partnerships, contracts, and acquisitions to increase their market share.

News also Covered: https://www.prnewswire.com/news-releases/farm-management-software-market-worth-5-1-billion-by-2028---exclusive-report-by-marketsandmarkets-301755232.html

 

Comments

Post a Comment

Popular posts from this blog

Sustainable Practices Boost Demand for Pressure Transmitters in Water & Wastewater Treatment

  The global pressure transmitter market is poised for substantial growth, driven by the increasing demand across various industries. Among these, the water and wastewater treatment industry is anticipated to register the highest growth rate during the forecast period. This growth is fueled by the rising need for efficient and reliable pressure measurement solutions to ensure safe and effective water treatment processes. Download PDF Brochure @  https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=937 Importance of Pressure Transmitters in Water & Wastewater Treatment Pressure transmitters play a crucial role in the water and wastewater treatment industry. They are essential for monitoring and controlling the pressure within pipelines, tanks, and other critical infrastructure. Accurate pressure measurement is vital for: Process Optimization : Ensuring optimal pressure levels helps in maintaining the efficiency of treatment processes, reducing energy consumption, and minimizing o
Read more

Retail & Logistics: Driving Growth in the Mesh Gateway Market

The mesh gateway market is poised for substantial growth, with the retail and logistics sectors emerging as key contributors. As businesses increasingly adopt digital transformation strategies, the demand for reliable, scalable, and efficient network solutions has skyrocketed. Mesh gateways, known for their ability to enhance network coverage and reliability, are becoming integral to these sectors. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=191463907 Understanding Mesh Gateways Mesh gateways are networking devices that facilitate the interconnection of various network nodes, forming a robust and seamless communication network. Unlike traditional networking solutions, mesh gateways allow each node to connect to multiple other nodes, creating a web-like structure. This architecture ensures continuous connectivity, even if one node fails, as the network can dynamically reroute data through other available nodes. Why Retail & Logistics?
Read more

Future Insights: Energy & Utilities to Drive Cellular Modem Market Expansion

The cellular modem market is poised for substantial growth between 2023 and 2028, with the Energy & Utilities segment expected to hold the largest market share. This trend is driven by several factors, including the increasing demand for advanced communication technologies to enhance operational efficiency, safety, and remote monitoring capabilities within the sector. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=135102534 Key Factors Driving Growth in the Energy & Utilities Segment Enhanced Communication Needs : The Energy & Utilities sector requires robust and reliable communication solutions to manage extensive networks of equipment and infrastructure. Cellular modems offer seamless connectivity, which is crucial for real-time data transmission and remote management. This capability is particularly important for ensuring the efficient operation and maintenance of energy grids, water systems, and othe
Read more