(MENAFN- GlobeNewsWire - Nasdaq) MELBOURNE, March 02, 2023 (GLOBE NEWSWIRE) -- Data Bridge Market Research has recently published a Report, titled, farm management software market . This report offers an extensive analysis of key growth strategies, drivers, opportunities, key segments, Porter's Five Forces analysis, and the competitive landscape. Market research covered in the reliable Farm Management Software market report helps the management of a firm in planning by providing accurate and up-to-date information about the consumer's demands, their changing tastes, attitudes, preferences, and buying intentions etc. This report aids to establish a correlative relationship between the product brand and consumers' needs and preferences. Further, manufacturers can adjust production according to the conditions of demand, which are analyzed here. It also supports securing economies in the distribution of products and finding out the best way of approaching the potential. With the data included in the large-scale Farm Management Software report, the marketing of goods can be made efficient which leads to the elimination of all types of wastage.
Farm Management Software Market was valued at USD 2.10 billion in 2021 and is expected to reach USD 6.78 billion by 2029, registering a CAGR of 15.78% during the forecast period of 2022-2029.“Precision Farming” accounts for the largest application segment in the respective market owing to the increase in adoption of drones in agricultural activities for enhancing product activity. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
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From the name itself, it is clear that farm management software is a technological system that is used by the farmers to provide them a holistic view of all farm activities and inputs. Farm management software facilitates in performing and managing many farm related activities and operations on real time basis.
farm management software is being widely adopted globally as it enhances the yield per unit of farming land to acquire best in terms of quantity, quality, and financial returns. The technology assists in better decision making, reduces waste and maximizes efficiency in operations.
Opportunities
Furthermore, adoption of smart farming technologies extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, convergence of digital technologies with farming practices will further expand the market.
Restraints/Challenges
On the other hand, limited technical expertise and advanced infrastructure in developing regions, and high initial capital investment are expected to obstruct market growth. Also, large presence of fragmented farms in developing countries is projected to challenge the farm management software market in the forecast period of 2022-2029.
This farm management software industry report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on farm management software market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth
Recent Developments
DeLaval launched RC550 & RC700, a robot collector designed for solid floors in March'2021. These products enhance cow comfort and hoof condition. These robots are capable of handling manure without using additional water due to their unique rotary manure intake system. John Deere added a new Work Planner feature in January'2021 to help farmers in streamlining their work setup experience. They assist operators work more quickly in the field, and provides farmers with a holistic tool to manage their farms.
The Farm Management Software Market is Dominated by Firms Such as:
Granular, Inc. (San Francisco)
TOPCON CORPORATION (Japan)
The Climate Corporation (US)
Farmers Edge Inc (Canada)
Ag Leader Technology. (US)
Raven Industries, Inc. (US)
Reed Business Information Ltd (US)
Mothive (US), CropX inc. (US)
AgriData Incorporated. (US)
AgEagle Aerial Systems Inc. (US)
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The investment made in the study would provide you access to information such as:
Farm Management Software Market [Global – Broken-down into regions] Regional level split [North America, Europe, Asia Pacific, South America, Middle East & Africa] Country wise Market Size Split [of important countries with major market share] Market Share and Revenue/Sales by leading players Market Trends – Emerging Technologies/products/start-ups, PESTEL Analysis, SWOT Analysis, Porter's Five Forces, etc. farm management software market size Market Size by application/industry verticals Market Projections/Forecast
Key Market Segments Covered in Farm Management Software Industry Research:
Agriculture Type
Delivery Model
Service Provider
Managed Service Providers
Assisted Professional Service Providers
Connectivity Service Providers
Upgradation and Support Service Providers
Application
Factors influencing the Farm Management Software Market Size and growth rate:
Major alterations to the farm management software market in the near future.
Notable Market rivals around the world.
The Farm Management Software Market's Future Scope and Product Outlook
Future-promising emerging markets.
The Market Presents Difficult Challenges and Threats.
Sales data and profiles of the world's leading Farm Management Software manufacturers
Global Farm Management Software Market Dynamics:
Use of Modern Technologies in Agricultural Products
The use of modern technologies such as variable rate technology (VRT), data management software, mapping software, yield mapping software, and GPS in agricultural products is one of the major factors driving the growth of farm management software market. These technologies improve land fertility and profitability, maximize productivity, reduce the cost of farming and facilitate sustainable agriculture.
Availability of Low-Cost Sensors
The availability of various sensors such as load, temperature, and vibration accelerate the market growth. The on-going technological advancements in the semiconductor industry and intense competition among various manufacturers also drive the market growth.
Concerns regarding Soil Erosion
The increase in the concerns regarding soil erosion encouraging farmers to adopt advanced agricultural technologies further influence the market. The status of soil condition plays a crucial role in decision making regarding sustainable soil management and appropriate land use that is acquired with the help of modern agricultural solutions.
Additionally, rapid urbanization, change in lifestyle, expansion of agricultural sector, surge in investments and increase in government initiatives positively impact the farm management software market
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Farm Management Software Market Regional Analysis/Insights:
The countries covered in the farm management software market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the farm management software market because of the prevalence of advanced IT infrastructure and quick adoption of modern technologies within the region.
Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 because of the increasing rate of digitization of the economies, rising applications of smart irrigation to conserve water and surging investments towards the development of IT infrastructure in this region.
Table of Contents:
Introduction Market Segmentation Executive Summary Premium Insights global farm management software market : Regulations Market Overview Global Farm Management Software Market, By Agriculture Type Global Farm Management Software Market, By Delivery Model Global Farm Management Software Market, By Service Provider Global Farm Management Software Market, By Application Global Farm Management Software Market: Company Landscape SWOT Analyses Company Profile Questionnaires Related Reports Get the Full Table of Contents @
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