Farm management software helps farmers to plan, manage and analyze the activities which are going on the farm easily and effectively. It enables the farmers to make better decisions by planning efficiently and to track activities in real time, which saves labor and input costs. The farm management software market is expected to grow due to the growing demand for food and beverages worldwide. The integration of farm management software with smartphones is creating a new opportunity for the market to grow. The initiatives taken by government to support the adoption of modern agricultural techniques are projected to help drive the growth of farm management software market. Furthermore, the adaptation of cloud computing in the field of agriculture is also helping the market grow. However, the lack of technical knowledge amongst farmers in emerging economies is limiting the growth of the market. The farm management software is segmented by farm type, delivery model and geography. On the delivery model basis, the local segment is expected to hold a significant share in the market due to its easy accessibility and wide adoption. Geographically, North America is projected to be a substantial shareholder in the market during the forecasted period due to the presence of major manufacturers of farm management software.
DRIVERS
Supporting government initiatives in the promotion of farm management software.
Growing adaption of cloud computing to get real-time farm data.
RESTRAINTS
Lack of skilled workforce.
INDUSTRY UPDATE
In March 2019, WaudWare came into a strategic partnership with CIS to expand its software solutions.
In July 2018, Raven Industries introduced New Raven Slingshot which will help in save time and reduce errors.
The major players profiled in the farm management software market are Raven Industries, Deere & Company, Trimble, The Climate Condition, AG Leader Technology, DICKNEY-john, DeLaval, Topcon Positioning Systems, SST Development Group, and Conservis.
Segmentation
The farm management software market has been analyzed through the following segments:
By Farming Type
Crop Farming
Livestock Farming
By Delivery Model
Local
Web/Cloud-Based
By Geography
North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
Germany
France
United Kingdom
Spain
Others
Middle East and Africa
Saudi Arabia
Israel
Others
Asia Pacific
China
Japan
South Korea
India
Others
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