Farm Management Software Market worth $5.1 billion by 2028 - Exclusive Report by MarketsandMarkets™

CHICAGO, Feb. 24, 2023 /PRNewswire/ -- 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 according to a new report by MarketsandMarkets™. 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

Browse in-depth TOC on "Farm Management Software Market" 
189 – Tables
83 – Figures
319 – Pages

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.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=217016636

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.

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.

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=217016636 

Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting

Related Reports:

Precision Farming Market by Technology (Guidance, Remote Sensing and Variable Rate Technology), Offering, Application, and Region (Americas, Europe, Asia Pacific, Rest of the World) (2022-2030)

Agriculture Drones Market by Application (Precision Farming, Livestock Monitoring), Offering, Farming Environment, Farm Produce, Component, and Geography - Global Forecast to 2025

Precision Farming Software Market by Delivery Model (Local/web-based, Cloud-Based, SaaS, PaaS), Application (Yield Monitoring, Field Mapping, Crop Scouting, Weather Tracking & Forecasting), Service Provider, and Geography - Global Forecast to 2022

Precision Livestock Farming Market with COVID-19 Impact Analysis by System Type, Application (Milk Harvesting, Feeding, Health), Offering (Hardware, Software, Services), Farm Type (Dairy, Swine, Poultry), Farm Size, and Geography - Global Forecast to 2025

Mid-and High-Level Precision GPS Receiver Market by Type (Differential Grade, Survey Grade), Industry (Agriculture, Mining, Construction, Oil & Gas) and Geography (2021-2026)

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Visit Our Web Site: https://www.marketsandmarkets.com/
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/farm-management-software-market.asp
Content Source: https://www.marketsandmarkets.com/PressReleases/farm-management-software.asp

Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg

SOURCE MarketsandMarkets