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Farm Management Software Market by Agriculture Type, Delivery Model, Service Provider, Application And Geography - Global Forecast to 2023

Farm Management Software Market: Global Forecast until 2023

  • September 2017
  • 217 pages
  • ID: 5124691
In this report:
The South America comprises countries such as Brazil and Argentina; considering the large scale of farming in these countries, the farm management software market in South America is expected to grow at a high CAGR of ##.##% between 2017 and 2023.
Since the global demand for food is increasing by approximately ##% per year, by 2050 there would be a need to produce ##% more food worldwide compared to the current production pattern.

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"Increasing implementation of cloud computing in real-time farm data management,increasing population and demand for food global, and governments' support to take modern agricultural techniques drive the rise of the farm management software market"

The farm management software market was estimated at $748.00M in 2016 and is forecasted to reach $1937.90M by 2023, at a compound annual growth rate (CAGR) of ~14.1 percent between 2017 and 2023. The market increase can be accredited to the growing focus on farm efficiency, crop yield and productivity, strengthening of intellectual property rights over agricultural innovations, and rising focus on monitoring livestock performance and health to gain farm efficiency that drives the rise of the farm management software market. Main restraining factors for the increase of farm management software market contain the requirement of high initial capital investment and a dearth of technical acumen.

"Farm management software market for fish farming application is anticipated to rise at the maximal rate during the estimate period"

The growing demand for fleet navigation and fish tracking services is the main driver for the high rise of farm management software market in fish farming. Fish farming has become a common practice to rise the income of practitioners and reduce the wage bill expended on fish importation. Fish farming, on the basis of application type, has been broken down into fish tracking and fleet navigation, feeding management, water quality management, and others.

"Cloud-based delivery model is anticipated to grow at the maximal level rate during the outlook period"

Cloud-based delivery model is anticipated to increase at the highest level rate during 2017 and 2023. The main reason for the important increase of the said market is the rising adoption of cloud-based delivery model according to its optimized performance, effective energy utilization, and ease of access. The cloud-based delivery model offers shared processing of resources and data to users on demand. The cloud-based model also offers on-demand and real-time availability, and access to the shared pool of data. In this model, users have more flexibility and access to data as they do not need any physical infrastructure for storing and processing the information.

"Farm management software market in Asia-Pac is anticipated to rise at the maximal rate between 2017 and 2023"

Asia-Pacific is one of the prospective sectors for farm management software solutions. The adoption rate of farm management software is anticipated to grow at an important rate in Asia-Pac as this area consists of emerging countries including India, China (CN), and Southeast Asian countries. Quickly growing population, availability of arable farms, and government support through subsidies are the factors that are driving the adoption of the farm management software market in Asia-Pacific.Some of the main players in the farm management software market are Deere & Organization, Trimble, AgJunction, Raven Sectors, AG Leader Technology, SST Development Group, DICKEY-john, Topcon Positioning Systems, and The Climate Corporation.

In the process of finding out and checking the market value for various segments and sub-segments collected by secondary research, extensive primary audit sessions were managed with the top experts. The breakup of the profiles of primary members taking part is like:

• By Company category: Tier 1 = 53 %, Tier 2 = 33.0 percent, and Tier 3 = 14.0 percent

• By Description: C-suite executives = 45.0 percent, Directors = 35.0 percent, and Others = 20.0 percent

• By Territory: Americas = 37.0 percent, Europe (EU) = 34.0 percent, Asia-Pac = 20.0 percent, and RoW = 9.0 percent

Firms that provide a range of customized solutions to customers are anticipated to emerge as the game changers.

Segment Research

This business report includes the farm management software market established on agriculture type, delivery model, service provider, application, and area. An in-depth study of the main industry actors has been done to furnish business insights into their business, products and services, and top strategies including product launches, mergers and acquisitions, alliances, strategic agreements, and collaborations combined with the farm management software market.

Main highlights

The analysis would benefit the market top players or new sector entrants in these ways:

1. This document breaks down the global market comprehensively and offers the closest approximations of the overall farm management software market size and that of the sub-segments across distinct applications and localities.

2. The market research benefits partners to comprehend the pulse of the sector and offers them the information on key market drivers, market restraints, opportunities, and alternatives in the farm management software market.

3. This industry report would benefit partners to better find out their players and obtain additional insights to improve their rank in the sector. The competitive outlook section includes competitor landscape, new industry product developments, alliances, and mergers and acquisitions in the farm management software market.

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