Farm Management Software Market

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MarketsandMarkets Research Private Ltd.
Presents
Farm Management Software Market worth 1,937.9
Million USD by 2023
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arm-management-software-market-217016636.html
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According to the new market research report "Farm
Management Software Market by Agriculture Type
(Precision Farming, Livestock Monitoring, Fish
Farming, Smart Greenhouse Farming), Delivery
Model (Web Based, Cloud Based), Service Provider,
Application, and Geography - Global Forecast to
2023", The farm management software market was
valued at USD 748.0 Million in 2016 and is
expected to reach USD 1,937.9 Million by 2023, at
a CAGR of 14.12 between 2016 and 2023. The
increasing implementation of cloud computing in
real-time farm data management, growing
population and demand for food worldwide,
governments support to adopt modern agricultural
techniques, strengthening of intellectual
property rights over agricultural innovations,
and increasing focus on monitoring livestock
performance and health to increase farm
efficiency are some of the significant drivers
for the growth of this market. Browse gtgt
67 Market data tables
74 figures 215 pages
and in-depth TOC on Farm Management Software
Market https//www.marketsandmarkets.com/Ma
rket-Reports/farm-management-software-market-21701
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ware.asp
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Precision farming agriculture type to hold a
major share of the farm management software
market during the forecast period Precision
farming agriculture type is expected to hold the
largest share of this market between 2017 and
2023. The agriculture types include precision
farming, livestock farming, fish farming, smart
greenhouse farming, and others. Precision farming
agriculture has the largest share of the overall
market owing to its extensive benefits in the
market. The market growth can be attributed to
the increasing focus on farm efficiency, crop
yield, and productivity. The increasing demand
for food worldwide, extended profitability and
production due to the implementation of advanced
techniques in farming, and monitoring of crops to
yield production benefits are some of the major
factors contributing to the growth of the market
for precision farming. Also, the government
initiatives worldwide are helping farmers use
optimized agricultural and technological tools
and improve their farm productions. The
local/web-based delivery model is expected to
hold the largest share of market Local/web-based
delivery model is expected to hold the largest
share of the market between 2017 and 2023. The
farm management software market for the web-based
delivery model is already popular among users due
to its easy accessibility compared with
cloud-based software, which is still at its
nascent stage. Web-based software are simple
agriculture and land management software that
allows the efficient management of key aspects of
farm operations such as land list, master data,
and charts of accounts. Web-based software is
most preferred because it is secure and readily
available on smartphones, tablets, or desktop
computers.
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System integrator service providers held the
largest share of the farm management software
market in 2016 System integrators play an
important role in the integration of the software
and hardware equipment. System integrators are
involved in troubleshooting and diagnosing farm
management solutions, as well as in developing
new concepts related to software and hardware
equipment. The independent system integrator
recommends optimal component solutions according
to specific customer needs. It integrates
numerous different subsystems including farm
management software, sensors, access control
systems, fire control systems, and camera
systems. The increasing new hardware and software
installations in the farms are expected to create
a market for system integrators. Companies
including Deere Company (US), Trimble, Inc.
(US), and AgJunction, Inc. (US) provide system
integration services to farmers. Also, there are
third-party system integrators who provide
external support to these companies. The
Americas held the largest share of the farm
management software market in 2016 The Americas
held the largest share of the market in 2016. The
countries in the Americas region such as the US
and Canada are the early adopters of the farm
management software, thereby attributing to be
one of the major reasons for the high growth of
the said market in this region. In addition, the
presence of major farm management software
providers and favorable government regulations
play a major role in the growth of this
market. The farm management software ecosystem
includes manufacturers and resellers such as
Deere Company (US), Trimble (US), AgJunction
(US), Raven Industries (US), AG Leader Technology
(US), SST Development Group (US), DICKEY-john
(US), Topcon Positioning Systems (US), The
Climate Corporation (US), Iteris (US), DeLaval
(US), BouMatic (US), Conservis (US), FARMERS EDGE
(Canada), and GEA Group (Germany).
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