Title: Farm management software market forecast to witness phenomenal growth opportunities by 2024
1Farm Management Software Market Share,
Segmentation, Report 2024 Global Market Insights
Inc.
Fuel Cell Market size worth 25.5bn by 2024
Low Power Wide Area Network
2Application Analysis of Farm Management Software
Market
- Farm Management Software Market size is expected
to gain momentum during the period of seven years
owing to the continuously growing demand for food
with growth in population worldwide. According to
the Food and Agriculture Organization (FAO) of
the United Nations, the food demand is expected
to increase between 59 to 98 by 2050. Farmers
will need to increase production either by
increasing the land under agricultural production
or by increasing the productivity. The growing
need for increasing agricultural productivity is
expected to propel the farm management software
market growth. - Governments of various countries are extending
support to farmers to implement the technology to
enhance productivity. For instance, the
government of Queensland provides a wide range of
interactive software and tools to support
agricultural businesses. Governments,
particularly in the Asia Pacific region, are
supporting farmers to adopt modern agricultural
techniques. Stringent regulations pertaining to
intellectual property rights in agriculture
technology are encouraging the companies to
invest more in the industry. The implementation
of IP rights is increasing the profit margins of
technology enablers, attracting several companies
in the industry and propelling the farm
management software market growth.
3Regional Analysis of Farm Management Software
Market
- The North America farm management software market
is estimated to hold the majority share owing to
the increasing demand for advanced agricultural
solutions to improve productivity. Farmers in the
region readily adopt new advanced technologies
and modern farming systems including cloud
services, mobile applications, data analysis
tools, and high-speed imagery services. - The China farm management software market is
expected to experience a significant growth owing
to the rapidly growing population and increasing
food requirements. The lack of land available for
agriculture has mandated the farmers to use
advanced technologies to improve productivity in
the available land.
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5Competitive Market Share of Farm Management
Software Market
- Trimble
- Deere Company
- AgJunction
- AG Leader Technology
- DeLaval
- Agrivi
- Raven Industries
- SST Development Group
- Iteris
- BouMatic
- Farmers Edge
- GEA Group.
- The industry is fragmented in nature owing to the
presence of many regional players. Big players in
the industry are acquiring startups and small
players to gain a considerable share.
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