Farm Management Software Global Market Report 2024

The farm management software market size has grown rapidly in recent years. It will grow from $2.72 billion in 2023 to $3.1 billion in 2024 at a compound annual growth rate (CAGR) of 14%. The growth observed in the historical period can be attributed to several factors, including the widespread adoption of precision agriculture techniques, the escalating complexity of farm operations, a growing demand for real-time data and analytics, an increased emphasis on sustainable farming practices, and the integration of IoT (Internet of Things) and sensor technologies.

The farm management software market size is expected to see rapid growth in the next few years. It will grow to $4.92 billion in 2028 at a compound annual growth rate (CAGR) of 12.3%. The anticipated growth in the forecast period can be attributed to advancements in artificial intelligence and machine learning, the widespread expansion of cloud-based farm management solutions, an increasing demand for traceability and transparency in agriculture, the adoption of mobile-based farm management applications, and the integration of blockchain technology for supply chain management. Noteworthy trends in the forecast period encompass a shift towards data-driven decision-making in agriculture, the rise of precision planting and variable rate technology, the implementation of predictive analytics for crop management, a strong emphasis on interoperability and integration with other agricultural systems, and the development of autonomous farming solutions.

The increasing government initiatives aimed at digitalizing the agriculture industry are expected to drive growth in the farm management software market. These initiatives involve the strategic integration of disruptive digital technologies such as the Internet of Things (IoT), big data and analytics (BDA), and artificial intelligence (AI) to enhance various aspects of agricultural practices. Government support often includes funding and assistance for the development and adoption of farm management software, facilitating investment in research and development and providing comprehensive training programs to improve technological literacy among stakeholders. For instance, the USDA allocated $500 million in 2022 through a new grant program to bolster independent, innovative, and sustainable American fertilizer production, reflecting efforts to meet the evolving needs of American farmers and leverage advancements in biotechnology and biomanufacturing. Consequently, government-led digitalization initiatives are propelling growth in the farm management software market.

Key players in the farm management software market are responding to market demand by developing next-generation products such as Bushel Farm, aimed at providing farmers with advanced tools to optimize and manage their farm operations. Bushel Farm represents the latest advancement in farm management software, catering to crop growers, grain buyers, and agriculture retailers. Launched by Bushel Inc. in March 2023, this innovative platform streamlines data entry processes for farmers while delivering valuable insights into their operations. With a robust feature set available across both mobile and desktop interfaces, Bushel Farm offers user-friendly design and ease of use, empowering farmers and their agribusiness partners to make informed decisions and drive efficiency in agricultural practices.

In May 2022, AGCO, a prominent agricultural machinery manufacturer headquartered in the United States, finalized the acquisition of JCA Industries for an undisclosed sum. This strategic move is poised to expedite AGCO's provision of machine automation and autonomous systems, fostering enhancements in farmers' uptime, machine and yield optimization, and mixed fleet management. Leveraging JCA's proficiency in autonomous machine technologies for off-road OEMs, encompassing path planning, sensor fusion, and remote-control software products, AGCO aims to augment its precision agriculture capabilities. JCA Industries Inc., based in Canada, specializes in developing autonomous software tailored for agricultural machines.

Major companies operating in the farm management software market report are John Deere, Trimble Inc., Mothive Limited, Topcon, DeLaval, Reed Business Information Ltd., Raven Industries Inc., The Climate Corporation, Iteris Inc., Proagrica, Granular Inc., AG Leader Technology, BouMatic, Farmers Edge Inc., DICKEY-john., Agrivi, Ceres Imaging Inc, CropX Inc., Conservis LLC, Cropio Group, AGJunction Inc., Auroras s.r.l., CropIn Technology Solutions Private Limited, Grownetics Inc., Harvest Profit Inc.

North America was the largest region in the farm management software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the farm management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the farm management software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Farm management software constitutes a category of digital tools and applications meticulously crafted to enhance the operational efficiency of farmers and agricultural businesses. These software solutions are tailored to streamline tasks, optimize resources, and elevate decision-making processes across diverse facets of farm management.

The primary components of farm management software encompass solutions and services. Farm management software solutions entail digital tools and platforms expressly designed to aid farmers and agricultural businesses in effectively managing various facets of their operations. These solutions are deployed through cloud-based and web-based modes, catering to the needs of small, medium, and large farms. They offer specialized functionalities for precision farming, livestock monitoring, smart greenhouse management, aquaculture, and other applications.

The farm management software market research report is one of a series of new reports that provides farm management software market statistics, including farm management software industry global market size, regional shares, competitors with a farm management software market share, detailed farm management software market segments, market trends and opportunities, and any further data you may need to thrive in the farm management software industry. This farm management software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The farm management software market includes revenues earned by entities by precision farming, livestock monitoring, smart greenhouse and aquaculture. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The farm management software market also includes sales of sensors, weighing scales, GPS and mapping system, and drones. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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