The primary factors driving the growth of the market include the need for enhancing and improving productivity and profitability. The increase in the utilization of virtual fences along with the trend of integrating remote sensing technologies with continuous monitoring solutions is expected to propel the market growth during the forecast period. These technologies integrated with remote sensing allows farmers to reduce the negative impact on the farms. It also allows farmers to gain real-time information regarding weather and climate conditions.
The "Global Farm Management Software Market Analysis to 2028" is a specialized and in-depth study of the technology, media and telecommunication industry with a special focus on the global market trend analysis. The report aims to provide an overview of the farm management software market with detailed market segmentation by component, deployment type, application and geography. The report provides key statistics on the market status of the leading farm management software market players and offers key trends and opportunities in the market.
- Based on component, the global farm management software market is segmented into solution, services
- On the basis of deployment type, the market is segmented into web based, cloud based
- Based on application, the market is bifurcated into precision farming, livestock monitoring, others
- Increasing implementation of artificial intelligence and machine learning for real-time farm data management.
- Growing concern regarding climate change and food security.
- Increasing initiatives by governments pertaining to digitalization of agricultural industry
- Limited technical expertise and advanced infrastructure in developing regions
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The farm management software market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the farm management software market in these regions.
IMPACT OF COVID-19 ON FARM MANAGEMENT SOFTWARE MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
The report covers key developments in the farm management software market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from farm management software market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the farm management software market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Ag Leader Technology
- Deere and Company
- Farmers Edge Inc.
- Iteris, Inc.
- Raven Industries, Inc.
- Trimble Inc.
The Insight Partner’s dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.