Farm Management Software Market by Application, Deployment, and Geography - Forecast and Analysis 2021-2025

The farm management software market's share is expected to increase by USD 2.88 billion from 2021 to 2025, and the market's growth momentum will accelerate at a CAGR of 20%.

This farm management software market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentations by application (precision farming, livestock monitoring, aquaculture, and others), geography (Europe, North America, APAC, South America, and MEA), and deployment (on-cloud and local/web-based). The farm management software market report also offers information on several market vendors, including Ag Leader Technology, AGCO Corp., AgJunction Inc., CLAAS Group, Deere & Co., DeLaval Inc., Silvacom Ltd., The Climate Corp., The Dow Chemical Co., and Trimble Inc., among others.

What will the Farm Management Software Market Size be During the Forecast Period?

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Farm Management Software Market: Key Drivers and Challenges

Based on our research output, there has been a positive impact on the market growth during and post the COVID-19 era. The growing popularity of precision farming is notably driving the farm management software market growth, although factors such as the lack of Internet connectivity may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the farm management software industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Farm Management Software Market Driver

Precision farming uses hardware and software tools to maximize farm production with fewer inputs. Software tools are used for purposes such as managing fertilizer input, monitoring crops, and managing tasks on the farm. For monitoring crops, software tools use data collected from hardware, such as crop yield and moisture content in the oil. The compatibility of the software with multiple devices makes the process convenient for farmers who can view the information on their mobile devices. All these methods not only increase crop production but also improve the quality of crops. Thus, the benefits achieved in terms of improved farm output will encourage more farmers to adopt farm management software solutions, thereby increasing their implementation rate globally.

Key Farm Management Software Market Challenge

The highest percentage of individuals with Internet connectivity was in Europe and North America, and the lowest percentage was in regions such as Sub-Saharan Africa, Eastern Asia, and the Pacific. Most of these Internet users were based in urban areas with poor penetration in rural areas. While Internet connectivity through cables is limited to urban and semi-urban areas, mobile networks in remote rural areas have sparse coverage. Farmers require Internet connectivity to use farm management software, especially cloud-deployed software and need a fast Internet connection for advanced features, such as big data or artificial intelligence and data collection from field sensors. Additional expenditure is required on the part of farmers to use satellite Internet services or install towers on their farms to receive a mobile network. This increases the cost of adopting farm management software. Therefore, the lack of Internet connectivity may challenge market growth.

This farm management software market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Farm Management Software Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• Ag Leader Technology
• AGCO Corp.
• AgJunction Inc.
• CLAAS Group
• Deere & Co.
• DeLaval Inc.
• Silvacom Ltd.
• The Climate Corp.
• The Dow Chemical Co.
• Trimble Inc.

This statistical study of the farm management software market encompasses successful business strategies deployed by the key vendors. The farm management software market is fragmented, and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.

The farm management software market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Farm Management Software Market?

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40% of the market's growth will originate from Europe during the forecast period. Germany, the UK, and France are the key markets for farm management software in Europe. Market growth in this region will be faster than the growth of the market in North America, APAC, South America, and MEA.

Companies are focusing on new strategies to develop more convenient tools that meet the growing demand for food in Europe. They are introducing new features like incorporating big data analytics and precision farming and cloud-based mobile solutions, which, in turn, will facilitate the farm management software market's growth in Europe during the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Application Segments in the Farm Management Software Market?

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The farm management software market share growth by the precision farming segment will be significant during the forecast period. The growing adoption of precision farming tools in farms is resulting in a simultaneous increase in the demand for farm management software.

This report provides an accurate prediction of the contribution of all the segments to the growth of the farm management software market size and actionable market insights on the post-COVID-19 impact on each segment.

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What are the Key Data Covered in this Farm Management Software Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive the farm management software market's growth during the next five years
• Precise estimation of the farm management software market's size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the farm management software industry across Europe, North America, APAC, South America, and MEA
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of the farm management software market's vendors

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