Farm Management Software Market cover

Farm Management Software Market By Services (Managed Services [Analytics Services, Data Services, and Farm Operation Services], Assisted Professional Services [Climate Information Services and Supply Chain Management Services], System Integration & Consulting, and Maintenance & Support), Deployment Models (Cloud-based And Web-based), Agriculture Types (Livestock Monitoring, Smart Greenhouse, Precision Farming, and Others), And Regions (Asia Pacific, North America, Latin America, Europe, And Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, And Forecast 2021 – 2028

  • Report ID: FB-3336
  • Author: Growth Market Reports
  • Rating: 4.5
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  • No. Of Pages: 198
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The global farm management software market size was valued at USD 1.08 billion in 2020 and is expected to expand at a high CAGR during the forecast period, 2021–2028. The growth of the market is attributed to increasing use of cloud computing for real-time agricultural data management.


Farm Management Software Market summary

Farm management software (FMS) entails the application of information and communication technology (ICT), specifically accessing to the Internet of Things (IoT) and big data analytics, for farming practices. The software provides detailed information about key components such as energy, water, and labor that are required for agricultural production to ensure better farming decision. On the other hand, phenotyping is used to assess crop development under various settings and understand multiple elements such as nitrogen depletion and soil pH levels that impact crop growth. Therefore, growing use of site-specific crop management is expected to minimize pesticide use, increase crop yields, and give better data for farm management decisions. However, the use of remote sensing technologies in agriculture is increasing due to wide deployment of drones and GIS technology for better farming practices. Images recorded by devices equipped with remote sensing technology is used to identify agricultural water stress, monitor weeds and crop diseases, classify crop species, and map soil attributes. The agricultural industry in industrialized nations has become more profitable due to rising use of farm automation.

The COVID-19 pandemic outbreak had negative impact on the market due to disruption of the global supply chain for the agriculture industry. Companies are focused on new tactics for developing more convenient instruments to produce crops as to meet rising food demand globally. As a result, the FMS, as a key component for farming method, is likely to play a crucial role in the near future. Moreover, the use of FMS is responding to COVID-19's exceptional circumstance by delivering predictive analytics and analytical outputs to aid in efficient crop development and animal health.

Market Trends, Drivers, Restraints, and Opportunities

  • Integration of Artificial Intelligence and Machine Learning technologies in FMS to produce real-time agricultural data management is a major driving factor of the market.
  • Increased awareness of the advantages of organic foods and government investment in new agriculture practices are anticipated to fuel the market growth in the coming years.
  • Growing number of the global population and rising demand for foods to feed for these growing population present key drivers of the market. 
  • In developing countries, there is a lack of technical skills and modern infrastructure for agricultural and farming production. This acts a key restraint that can hinder the market expansion.
  • Wide adoption of smart agricultural technology and increasing R&D for improvement of agricultural methods are expected to create lucrative growth opportunity of the market in the coming years.

Scope of the Report

The report on the global farm management software market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Farm Management Software Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Services (Managed Services [Analytics Services, Data Services, and Farm Operation Services], Assisted Professional Services [Climate Information Services and Supply Chain Management Services], System Integration & Consulting, and Maintenance & Support), and Deployment Models (Cloud-based and Web-based), Agriculture Types (Livestock Monitoring, Smart Greenhouse, Precision Farming, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

The Climate Corporation; DeLaval; Farm Edge, Inc.; Gamaya; Raven Industries, Inc.; Trimble, Inc.; Topcon Corporation; Ag Leader Technology; CropMetrics LLC; and CropZilla Software, Inc.

Market Segment Insights

Managed services segment to expand at a considerable CAGR

On the basis of services, the farm management software market is fragmented into managed services, assisted professional services, system integration & consulting, and maintenance & support. The managed services segment is further classified as analytics services, data services, and farm operation services. The assisted professional services segment is further bifurcated into climate information services and supply chain management services. The managed services segment is projected to expand at a considerable CAGR during the forecast period. Farmers are progressively using smarter and more efficient agricultural technologies to supply high-quality crops to market while maintaining quantity in order to maximize revenues. On the other hand, the climate information services segment is anticipated to account for a major market share during the forecast period. The majority of agricultural losses are caused by abnormal weather change, thus, using the service type can provide necessary information about climate condition and allow the farmers to mitigate the problems by precision agriculture equipment used for predictive weather observations.

Cloud-based segment to account for significant share of the market

In terms of deployment models, the market is bifurcated into cloud-based and web-based. The cloud-based segment is expected to account for significant share of the market as users of a cloud-based software solution do not need to buy a server to operate the farm software. Farmers may use a web admin panel to customize the parameters of the data collection system and combine it with other solutions.

Precision farming segment to grow at a robust rate

Based on agriculture types, the farm management software market is segregated into livestock monitoring, smart greenhouse, precision farming, and others. The precision farming segment is expected to grow at a significant rate during the projected period owing to wide adoption of the software for the precision farming method that includes the use of IoT and ICT for resource conservation and yield optimization. Using the software, producers can control the quantity of fertilizer applied to a farm field by measuring fluctuations in field conditions and adjusting harvesting tactics as needed. Moreover, the smart greenhouse segment is expected to be a fast-growing segment during the forecast period as plants are grown in a controlled environment using this method.


Farm Management Software Market types

Asia Pacific is anticipated to constitute a key market share

In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to constitute a key share of the market during the projected period as companies in the region are progressively spending in research and development in order to offer improved drones for farming production. However, the market of North America is anticipated to expand at a rapid pace during the forecast period due to growing concerns about water conservation while governments are aggressively giving incentives to encourage the use of smart irrigation.


Farm Management Software Market region

Segments

Segments Covered in the Report

The global farm management software market has been segmented on the basis of

Services

  • Managed Services
    • Analytics Services
    • Data Services
    • Farm Operation Services
  • Assisted Professional Services
    • Climate Information Services
    • Supply Chain Management Services
  • System Integration & Consulting
  • Maintenance & Support

Deployment Models

  • Cloud-based
  • Web-based

Agriculture Types

  • Livestock Monitoring
  • Smart Greenhouse
  • Precision Farming
  • Others

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • The Climate Corporation
  • DeLaval
  • Farm Edge, Inc.
  • Gamaya
  • Raven Industries, Inc.
  • Trimble, Inc.
  • Topcon Corporation
  • Ag Leader Technology
  • CropMetrics LLC
  • CropZilla Software, Inc.

Competitive Landscape

Key players competing in the global farm management software market are The Climate Corporation; DeLaval; Farm Edge, Inc.; Gamaya; Raven Industries, Inc.; Trimble, Inc.; Topcon Corporation; Ag Leader Technology; CropMetrics LLC; and CropZilla Software, Inc. Some of these players have adopted different strategies such as launching of new farming technology, production units expansion, and introduction of innovative agricultural system to increase their market share. As farmers are becoming more aware of precision agriculture, agricultural equipment manufacturers are creating telematics systems. For example, Raven Industries introduced Slingshot telematic service with an aim to provide real-time kinematic GPS correction signals, technical assistance, and data transmission in the agricultural field.

Farm Management Software Market keyplayers

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Farm Management Software Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Farm Management Software Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Farm Management Software Market - Supply Chain
  4.5. Global Farm Management Software Market Forecast
     4.5.1. Farm Management Software Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Farm Management Software Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Farm Management Software Market Absolute $ Opportunity
5. Global Farm Management Software Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Farm Management Software Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Farm Management Software Demand Share Forecast, 2019-2026
6. North America Farm Management Software Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Farm Management Software Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Farm Management Software Demand Share Forecast, 2019-2026
7. Latin America Farm Management Software Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Farm Management Software Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Farm Management Software Demand Share Forecast, 2019-2026
8. Europe Farm Management Software Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Farm Management Software Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Farm Management Software Demand Share Forecast, 2019-2026
9. Asia Pacific Farm Management Software Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Farm Management Software Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Farm Management Software Demand Share Forecast, 2019-2026
10. Middle East & Africa Farm Management Software Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Farm Management Software Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Farm Management Software Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Farm Management Software Market: Market Share Analysis
  11.2. Farm Management Software Distributors and Customers
  11.3. Farm Management Software Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. The Climate Corporation
     11.4.2. DeLaval
     11.4.3. Farm Edge, Inc.
     11.4.4. Gamaya
     11.4.5. Raven Industries, Inc.
     11.4.6. Trimble, Inc.
     11.4.7. Topcon Corporation

Segments Covered in the Report

The global farm management software market has been segmented on the basis of

Services

  • Managed Services
    • Analytics Services
    • Data Services
    • Farm Operation Services
  • Assisted Professional Services
    • Climate Information Services
    • Supply Chain Management Services
  • System Integration & Consulting
  • Maintenance & Support

Deployment Models

  • Cloud-based
  • Web-based

Agriculture Types

  • Livestock Monitoring
  • Smart Greenhouse
  • Precision Farming
  • Others

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • The Climate Corporation
  • DeLaval
  • Farm Edge, Inc.
  • Gamaya
  • Raven Industries, Inc.
  • Trimble, Inc.
  • Topcon Corporation
  • Ag Leader Technology
  • CropMetrics LLC
  • CropZilla Software, Inc.

Key players competing in the global farm management software market are The Climate Corporation; DeLaval; Farm Edge, Inc.; Gamaya; Raven Industries, Inc.; Trimble, Inc.; Topcon Corporation; Ag Leader Technology; CropMetrics LLC; and CropZilla Software, Inc. Some of these players have adopted different strategies such as launching of new farming technology, production units expansion, and introduction of innovative agricultural system to increase their market share. As farmers are becoming more aware of precision agriculture, agricultural equipment manufacturers are creating telematics systems. For example, Raven Industries introduced Slingshot telematic service with an aim to provide real-time kinematic GPS correction signals, technical assistance, and data transmission in the agricultural field.

Farm Management Software Market keyplayers

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