BIS Research Study Highlights the Global Farm Management Software and Data Analytics Market to Reach $5.26 billion by 2026

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Mar 10, 2022, 07:00 ET

FREMONT, Calif., March 10, 2022 /PRNewswire/ -- The global a farm management software and data analytics market is projected to reach $5.26 billion in terms of revenue by 2026 at a CAGR of 18.55%, reveals the premium market intelligence study by BIS Research.

Since 2010, the adoption of farm management software and data analytic solutions has increased, especially by medium and large-scale farmers.

Through farm management software, a farmer has complete information on all field activities, which can be managed through software accessed through a mobile phone or a tablet.

Some of the primary benefits related to farm management software and data analytic solutions in the agricultural field include yield monitoring and field mapping, crop scouting, weather tracking and forecasting, irrigation management, and farm economics.

The detailed study is a compilation of 49 Market Data Tables and 48 Figures spread through 193 Pages and in-depth TOC on "Global Farm Management Software and Data Analytics Market– Analysis and Forecast, 2020-2026"

USP of the Report

This extensive report can help with:

Major regions with established farm management software and data analytics market.
Extensive competitive benchmarking of the top 25 players (including OEMs and equipment providers) has been done to offer a holistic view of the global farm management software and data analytics market landscape.

Analyst's Take on the Market:

According to Rakhi Tanwar, Principal Analyst, BIS Research, "The farm management software and data analytics market is expected to be a great solution for a wide range of issues in the agricultural industry. Through a better adoption of the technology, agricultural productivity and efficiency can be maximized, and chances of crop failure will be reduced."

View the report from BIS Research on Global Farm Management Software and Data Analytics Market

Key Companies Operating in the Market and Competition Landscape

365FarmNet, ABACO Group UK, Ag Leader Technology, AGCO Corporation, AgJunction, AGRIVI, Agroptima, Agworld Pty Ltd, BASF SE, Bushel Inc., CLAAS KGaA mbH, CNH Industrial N.V., CropIn Technology Solutions Private Limited, CropX Inc., Deere & Company, EFC Systems, Farmers Edge Inc., Granular, Inc., Hexagon Agriculture, IBM Corporation, Raven Industries Inc., SourceTrace, The Climate Corporation, Topcon, Trimble Inc. are some of the key players operating in the global farm management software and data analytics market.

Analyzed and profiled in the study involve original equipment manufacturers (OEMs) that provide the required software for deployment in the agriculture industry. Moreover, a detailed competitive benchmarking of the players operating in the global farm management software and data analytics market has been done that will help the reader to understand how players stack against each other, presenting a clear market landscape

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Key Questions Answered in the Report:

What is the estimated global farm management software and data analytics market size in terms of revenue for the forecast period 2021-2026, and what is the expected compound annual growth rate (CAGR) during the forecast period 2021-2026?
What are the key trends, market drivers, and opportunities in the market pertaining to farm management software and data analytics?
What are the major restraints inhibiting the growth of the global farm management software and data analytics market?
What kinds of new strategies are being adopted by the existing market players to strengthen their market position in the industry?
What is the competitive strength of the key players in the farm management software and data analytics market based on an analysis of their recent developments, product offerings, and regional presence?
How is the competitive benchmarking of the key management software and data analytics companies in the agriculture market based on the analysis of their market coverage and market potential?

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About BIS Research:

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Our strategic market analysis emphasizes on market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters useful in the strategic decision-making for senior management.

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SOURCE BIS Research