The farm management software market, in terms of value, is expected to grow from USD 748.0 Million in 2016 to USD 1,937.9 Million by 2023, at a CAGR of 14.12% between 2017 and 2023. The major drivers for the market are increasing implementation of cloud computing in real-time farm data management, growing population and demand for food worldwide, governments’ support to adopt modern agricultural techniques, strengthening of intellectual property rights over agricultural innovations, and increasing focus on monitoring livestock performance and health to increase farm efficiency, among others.

This report covers the farm management software market based on agriculture type, delivery model, service provider, application, and geography. The precision farming agriculture type is expected to lead the market between 2017 and 2023. Precision farming is expected to be the fastest-growing agriculture type in market due to increasing focus on farm efficiency, crop yield, and productivity. The increasing demand for food worldwide, extended profitability and production due to the implementation of advanced techniques in farming, and monitoring of crops to yield production benefits are some of the major factors contributing to the growth of the market for precision farming. Also, the government initiatives worldwide are helping farmers use optimized agricultural and technological tools and improve their farm production.

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Farm management software market has different delivery models such as local/web and cloud based. The local/web-based delivery model includes software that is installed locally and can be considered as a static approach of using the software. A cloud-based delivery model is dynamic and includes software that can be used according to the customer requirements for data storage on the cloud; also, no physical infrastructure, such as servers and cables, is required for operating this model.

Key Target Audience

• Farm management software providers
• IT service providers
• Cloud service providers
• Farm management solution suppliers
• Original equipment manufacturers (OEMs)
• System integrators and third-party vendors
• Software solution providers
• Government bodies
• Technology investors
• Enterprise data center professionals
• Research institutes and organizations
• Market research and consulting firms

Scope of the Report

The farm management software market has been covered in detail in this report. To provide a holistic picture, the current market demand and forecasts have also been included in the report. The farm management software market has been segmented as follows:

By Agriculture Type
• Precision Farming
• Livestock Farming
• Fish Farming
• Smart Greenhouse Farming
• Others (Orchid, Forestry, and Horticulture)

The major challenges for the companies in the market are privacy and security concerns, and new and strategic partnerships. The major vendors in the farm management software market include Deere & Company (US), Trimble (US), AgJunction (US), Raven Industries (US), AG Leader Technology (US), and SST Development Group (US). These players adopted various strategies such as new product developments, mergers, partnerships, collaborations, and expansions to cater to the needs of customers.