Global Farm Management Software market, By Application (Precision Farming, Livestock Monitoring, and Smart Greenhouse Farming) By Delivery Model (Local/Web Based and Cloud Based) By Service Provider, By Region and Companies - Industry Segment Outlook, Competition Scenario, Trends, and Forecast 2023-2032

Report Overview

In 2022, the global farm management software market was valued at USD 2.60 billion. This market is estimated to reach USD 8.94 billion in 2032 a CAGR of 13.5% between 2023 and 2032.

Farm management software includes websites, computer programs, and mobile applications that are all aimed at assisting farmers in making better operational and production decisions. These solutions make it easier to plan, evaluate, execute, and optimize agricultural tasks, enabling farmers to increase their yields. Some of the key advantages of farm management software are improved planning and tracking, lower input and labor costs, better risk management, simple and precise traceability, and greater regulatory compliance. The market will expand as a result of the rising number of federal efforts encouraging the use of advanced agricultural methods to meet the world’s growing food demand.

Note: Actual Numbers Might Vary In Final Report

Key Takeaways

• Market Growth Projection: Farm management software market expected to reach USD 8.94 billion by 2032, with a CAGR of 13.5%.
• Driving Factors: Technology advancements and low-cost sensors enhancing productivity and profitability.
• Challenges: Limited awareness, high implementation costs, and lack of connectivity in rural areas.
• Application Analysis: Precision farming dominates, aiding informed decisions for better crop output and profitability.
• Delivery Model Analysis: Cloud-based models lead due to data sharing and accessibility benefits.
• Service Provider Analysis: Managed services preferred, especially for drone data collection and cloud computing.
• Regional Analysis: North America leads, with Europe and Asia-Pacific showing significant growth.
• Major Players: Key companies include Grownetics, Auroras, Granular, Topcon, and others.
• Latest Trends: Adoption of AI, machine learning, and IoT for enhanced farming operations.
• Recent Developments: Notable events include AGCO’s acquisition, Deere & Company’s joint venture, and AGRIVI and Agrowex collaboration in South African nations.

Driving Factors

• Use of Modern Technologies in Agricultural Products: The growth of the farm management software market is due to advanced technology such as variable rate technology (VRT), data management software, mapping software, yield mapping software, and GPS in agricultural products. These innovations rising productivity, lower costs, increase profitability, and help sustainable agriculture. They also increase land fertility and profitability.
• Availability of Low-Cost Sensors: The market’s expansion is driven by the availability of numerous sensors, including vibration, temperature, and load. The semiconductor industry’s ongoing technological developments and the fierce competition among different manufacturers also contribute to the market’s expansion.

Restraining Factors

• Limited Awareness: Farmers’ lack of knowledge of the advantages of these software solutions is one of the main barriers to the market for farm management software. Many farmers still rely on old-fashioned farming practices and they might not be aware of the advantages of using technology.
• High Implementation Costs: The high implementation costs connected with farm management software systems are another barrier for the market. The ability of many farmers to invest in these technologies may be limited by financial constraints.
• Lack of Connectivity: Network infrastructure and connectivity play a critical role in the efficiency of farm management software systems. The adoption of these solutions, however, may be constrained by the fact that many rural areas continue to lack adequate connectivity.

Application Analysis

The market for farm management software was dominated by the precision farming application. The primary goals of precision agricultural equipment are to rising crop output and profitability. The best planting time, maintenance guidelines, and environmental conditions that could affect a particular crop are all provided by precision farming programs. In order to support the farmers and growers make the best decisions possible throughout each growth cycle, precision agricultural software frequently supplies predictive analytics features including projected waste, yield size, and profitability with market prices.

Delivery Model Analysis

Cloud systems was dominating the largest market share. A cloud-based delivery model is a type of internet-based computing that offers users on-demand access to the shared processing of resources and data. The adoption rate of the cloud-based delivery model is higher than that of the local/web-based model primarily because of its many benefits, such as data sharing, improved performance, the ability to access the system from any location with internet service using various devices, and accessibility.

Note: Actual Numbers Might Vary In Final Report

Service Provider Analysis

The market was dominated by the managed services sector. Managed services approach is outsourcing or third-party services. Due to the unique help needed for drone data collecting, the majority of farmers choose managed service providers. The market was dominated by the managed services sector. Managed services approach is outsourcing or third-party services. Due to the unique help needed for drone data collecting, the majority of farmers choose managed service providers. This service might be offered remotely and could include cloud computing, network management, security solutions, data backup and recovery, and other technical services.

Key Market Segments

Based on Application

• Precision Farming
  • Yield Monitoring
  • Field Mapping
  • Crop Scouting
  • Weather Tracking and Forecasting
  • Irrigation Management
  • Inventory Management
  • Farm Labor Management
  • Financial Management
  • Other Precision Farming Applications
• Livestock Monitoring
  • Feeding Management
  • Heat Stress Management
  • Milk Harvesting
  • Breeding Management
  • Animal Comfort Management
  • Behaviour Monitoring and Management
  • Other Livestock Monitoring Applications
• Fish Farming
  • Fish Tracking and Fleet Navigation
  • Feeding Management
  • Water Quality Management
  • Other Fish Farming Applications
• Smart Greenhouse Farming
  • Heating Ventilation and Air Conditioning Management
  • Yield Monitoring
  • Water and Fertilizer Management
  • Other Smart Greenhouse Farming Applications

Based on the Delivery Model

• Local/Web Based
• Cloud-Based
• Software as a Service (SaaS)
• Platform as a Service (PaaS)

Based on the Service Provider

• System Integrators
• Managed Service Providers
• Farm Operation Services
• Data Services
• Analytics Services
• Assisted Professional Service Providers
• Supply Chain Management Services
• Climate Information Services
• Others
• Connectivity Service Providers
• Maintenance
• Upgradation and Support Service Providers

Growth Opportunity

Innovation in the market for farm management software is being driven by the development of technologies like artificial intelligence, machine learning, and the Internet of Things (IoT). These innovations can increase the effectiveness of farmers’ operations and assist them in making better decisions.

Latest Trends

Artificial intelligence (AI) and machine learning are being used increasingly in farm management software, offering farmers the to analyze enormous amounts of data and obtain insights into their businesses. Farmers can estimate crop yields and optimize their cultivation and harvesting schedules with the use of AI and machine learning. Farmers are increasingly using mobile applications to access farm management software.   farmers may use mobile apps to track their activities.

Regional Analysis

North America is dominating the market in the global farm management software market, with the largest market share of 40%. The farm management software industry is a result of the expanding adoption of advanced technologies like IoT, AI, and cloud computing in agriculture. The market for farm management software is expected to rise significantly in the next years in other regions, such as Europe and Asia-Pacific, as a result of the rising adoption of sustainable farming practices and precision agriculture.

Key Regions and Countries Covered in this Report:

• North America
  • The US
  • Canada
• Europe
  • Germany
  • France
  • The UK
  • Spain
  • Italy
  • Russia
  • Netherland
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Australia
  • New Zealand
  • Singapore
  • Thailand
  • Vietnam
  • Rest of APAC
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of MEA

Key Players Analysis

Cloud systems usually hold the biggest market share during the forecast period because of the growing convenience of data storage on a single cloud system for any particular field by any farm operator worldwide. When on-cloud systems are deployed, the maintenance and infrastructure costs are lowered, which leads to an increase in demand. The market for farm management software is continually evolving and increasing as new players come into the market and current players broaden their product lines.

Market Key Players

• Grownetics, Inc.
• Auroras S.R.L.
• Granular, Inc.
• Topcon Corporation
• The Climate Corporation
• Farmers Edge Inc.
• Dickey-John
• Conservis
• Ag Leader Technology
• Raven Industries, Inc.
• Iteris, Inc.
• Reed Business Information Ltd.
• Trimble Inc.
• Deere & Company
• CropX inc.
• Ceres Imaging, Inc
• Gamaya
• Agridata Incorporated
• Ageagle Aerial Systems Inc.
• Aker Solutions
• Other Key Players

Recent Developments

• In May 2022, the acquisition of JCA Industries by AGCO in order to increase the company’s engineering and software development capacities and quicken the creation of highly automated and autonomous machinery.
• In April 2022, a joint venture between Deere & Company and GUSS Automation was established with an LLC in Kingsburg, California. The Global Unmanned Spray System (GUSS) is a leader in the development of semi-autonomous sprayers for vineyards and orchards.
• To provide South African nations with a device consisting of agriculture solutions, AGRIVI and Agrowex joined in January 2023. It is anticipated that the adoption of AGRIVI’s digital agriculture solutions and AGROWEX’s expertise and presence would alter digital agriculture in nations including Mozambique, South Africa, Botswana, Namibia, Zambia, Malawi, Swaziland, Lesotho, and Zimbabwe.

Report Scope