Farm management software is an application which is used for management and optimization of production activity and operations of farms so as to increase production and profit. Some of the benefit of using Farm Management Software are better planning and tracking, save on input and labor cost, manage high risk better, and among others are responsible for the growth of the market. Furthermore, due to the need to increase in production of quality farm product the used of devices and software to monitor the climatic condition, health of the soil and plant is now increasingly popular across the globe which will increase the growth of farm management software market. Farm Management Software Market size was valued USD 1144.3 million in 2020 and is expected to generate revenue of USD 4355.02 million by 2030, growing at a CAGR of around 14.3% during forecast timeline.

Market Segmentation:

The global farm management software market is segmented as follows: On the basis of type, the market is categorized into local/web-based, cloud-based, software as a service (SaaS) and platform as a service (PaaS). Furthermore, based on agriculture type, the market is grouped into livestock monitoring, precision farming, smart greenhouse, fish farming, and others. By Geography, the market is divided into North America, Asia Pacific, Europe, and RoW.

Market Dynamics and Factors:

Rising demand of quality food production is the major factor for the growth of the market. Some of the factors contributing to the growth of the market are: helps to utilized resources and labor cost, disease detection, electronic report keeping, to produce quality food, and others. High cost of the software with different features is one of the major factor hampering the farm management software market growth. Most of the farmers with weak financial state cannot afford these software. The presence of real time data elements such as weather, soil health, pest/disease detection could acts as an immense opportunity for the growth of the farm management software market. The complexity of the system act as a challenge for the farm management software market growth as most farmers are uneducated especially in the emerging economy.

Geographic Analysis:

North America is the number one revenue generator and is expected to continue in the coming year. According to research study, the farm management software market in North America is anticipated to raise by a CAGR of 12.6%. Some of the factors responsible to the growth of the farm management software market is the region is one of the biggest exporter of farm products, government support to adopt modern agricultural technique, increasing demand of quality farm products. Europe is the second dominating region and according research study, the farm management software market is expected to grow by a CAGR of 13%. Some of the factors responsible for the growth of the market are adoption of cloud computing in real time farming, rapid increase in world population, and higher demand for food globally and among others.

Competitive Scenario:

Some of the key players operating in farm management software industry are Topcon Positioning Systems, Trimble Inc., Deere&Company, Raven Industries, SSTSoftwares, Agrivi, Cropio, Monsanto   Ag Junction.

Farm Management Software Market Report Scope