The global farm management software market is projected to grow at a significant CAGR of over 15% during the forecast period. Farm management involves the controlled use of environmental resources from diverse landscapes to support the productive growth of other species that are then harvested and processed for products. Management in the context means systematically controlling the plants, animals and other factors to produce goods that fulfill the market demands as well as for deciding upon the alternative allocation of resources and of sustaining the environment.
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The key factors that influence the growth of the global farm management software industry include the increase in the demand for the seamless management of the farm including planning, monitoring, and analyzing farm activities. Farm management software also manages activities such as harvesting, crop protection, planting, irrigation, fertilization, and tillage, and many others. Further, the enhancements in the internet connectivity, to keep pace with the flourishing demands for food, and to eliminate the waste are also flourishing the global farm management software market growth.
Additionally, the adoption of cloud-based techniques and software in data management along with various policies implemented by governments that promote the employment of modern and advanced agricultural techniques is also estimated to expand the global farm management software market size during the forecast period. However, the factors that may negatively impact the growth of the market include the lack of a skilled workforce to handle the operations of the farm management software. The complexity in operating the software limits its adoption which ultimately hinders the growth of the market.
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Nevertheless, the presence of the key players that are continuously working for the advancements of the software creates scope for the future growth of the market. Technological enhancements along with growing infiltration of smartphones are anticipated to create opportunities to capitalize in the near future. The advanced systems that enable to collect complete data regarding the farm and the increasing use of livestock management in smart farming applications are other key trends that are gaining traction in the market. Further, AG Leader Technology, AGJunction Inc., Boumatic LLC, Conservis Corp., Raven Industries, Inc., CropIn Technology Solutions Pvt. Ltd., Deere & Co., Dickey-john Corp., and Trimble Inc. are some of the key players operating in the global farm management software market.
Global Farm Management Software Market- Segmentation
By Deployment Type
• Precision Farming
• Livestock Farming
• Smart Greenhouse
Global Farm Management Software Market- By Region
• United States
• United Kingdom
• Rest of Europe
• Rest of Asia-Pacific
Rest of the World
• AG Leader Technology
• AGJunction Inc.
• Boumatic LLC
• Conservis Corp.
• CropIn Technology Solutions Pvt. Ltd.
• Deere & Co.
• DeLaval Inc.
• Dickey-john Corp.
• Farmers Edge Inc.
• Gea Group AG
• Grownetics Inc.
• Iteris, Inc.
• Proagrica (RBI & Relex Group)
• Raven Industries, Inc.
• The Climate Corp.
• Topcon Positioning Systems, Inc.
• Trimble Inc.
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