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Farm Management Software Market - Global Analysis, Outlook, Trends, Competitive Strategies and Forecasts 2023-2031 - ResearchAndMarkets.com
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DUBLIN--(BUSINESS WIRE)--The "Farm Management Software Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2023 to 2031" report has been added to ResearchAndMarkets.com's offering.
This study report represents an analysis of each segment from 2021 to 2031 considering 2022 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2031.
Due to the surge in food demand, smart farming practices play a vital role in improving farming operations and also crop performance. Increasing focus on enhancing the yield and growth of crops is anticipated to facilitate market growth in the coming years. Moreover, the adoption of cloud computing technologies for real-time farm data management is another prime factor stimulating the growth of the farm management software market worldwide.
Using farm management software, farm owners can track all the necessary information and can manage their revenues effectively. Furthermore, the rising need to avoid crop wastage coupled with continually increasing food demand has encouraged farmers to adopt efficient farming practices. This has surged the demand for effective management of crops and inventory, thereby facilitating the growth of the global farm management software market.
Moreover, adoption of the remote sensing technology in the agricultural industry is on a rise due to the emergence of geographic information systems (GIS) and drones, which is another factor supporting the market growth.
Government initiatives and policies encouraging the practice of advanced and modern agricultural techniques bode well for the growth of the farm management software market. For instance, the Queensland government in Australia is encouraging farmers to use interactive software and automated tools for managing farming operations. However, poor internet connectivity, coupled with a lack of proper technical knowledge is anticipated to restrain market growth, especially in emerging economies.
On the other hand, advancements in technology along with growing access to smartphones is anticipated to present an excessive amount of opportunities shortly as wireless data transfer is permitting farmers to access farming-related data anytime, anywhere. Increasing integration of technology in farming practices will enable farmers to make informed decisions about harvesting, crop yield, etc., and also about how best they can get their product to the market.
APAC is projected to register largest market share
APAC is projected to register the largest market share of the farm management software market in 2031 with the highest CAGR during the forecast period. Due to the rapid increase in population and the consequent need to cope with the increasing demand for agricultural products, farmers are adopting farm management software solutions and other advanced agricultural practices in precision agriculture, livestock monitoring, and aquaculture farms.
Key questions answered in this report
- What are the key micro and macro environmental factors that are impacting the growth of Farm Management Software market?
- What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
- Estimated forecast and market projections up to 2031.
- Which segment accounts for the fastest CAGR during the forecast period?
- Which market segment holds a larger market share and why?
- Are low and middle-income economies investing in the Farm Management Software market?
- Which is the largest regional market for Farm Management Software market?
- What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
- Which are the key trends driving Farm Management Software market growth?
- Who are the key competitors and what are their key strategies to enhance their market presence in the Farm Management Software market worldwide?
Company Profiles
- Agrivi
- Granular Inc.
- Trimble Inc.
- Topcon
- Raven Industries (Part of CNH Industrial)
- Agjunction Inc.
- Agworld Pty. Ltd.
- Farmers Edge Inc.
- Climate LLC
- IBM Corporation
- Afimilk Ltd.
- Akva Group
- Abaco S.p.A.
- Deere & Company
- Microsoft
- GEA Farm Technologies (GEA Group)
- SST Software
- CropX Inc.
- Cropio (Syngenta Agro AG)
- Cropin Technology Solutions Private Limited
- Conservis
- EC2CE
- Gamaya
- Connecterra B.V.
- Aquabyte
- Eruvaka Technologies
- Ag Leader Technology
- Dickey-John
- Delaval (Part of Tetra Laval Group)
- Boumatic
Market Segmentation
Application
- Precision Farming
- Livestock Farming
- Fish Farming
- Smart Greenhouse Farming
- Others (Forestry, Horticulture, etc.)
Deployment Model
- Web-based
- Cloud-based
For more information about this report visit https://www.researchandmarkets.com/r/ibdufq
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First published on Wed, Jun 14, 2023
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