Market Size – USD 0.99 Billion in 2019, Market Growth – CAGR of 14.1%, Market Trends – High demand from developing nations.
The global Farm Management Software and Services Market is forecasted to reach USD 3.24 Billion by 2027, according to a new report by Reports and Data. The rising trend of remote sensing technologies for consistent monitoring is propelling the market demand. The constant vigil provides farmers with real-time weather information and also enables them to reduce the impact of natural calamities. The proliferation of advanced technologies is driving market demand. Moreover, the adoption of virtual fences to separate paddocks while grazing is also encouraging market growth. As the maintenance of fences is getting expensive, the deployment of virtual fences is gaining traction.
The growing penetration of smartphones and high-speed internet is also driving the demand. Market players are leveraging high-speed internet to provide these advanced technologies to farmers, especially in Asian nations, such as India, China, Japan, and South Korea. However, the high capital required to deploy these technologies will restrain the market demand. Moreover, lack of technical expertise will also hinder the market growth.
North America has the highest adoption rate as farmers have enough capital to invest in modern equipment, and the region is quick in adopting the latest technologies. Moreover, companies like Deere & Company are providing software to aid farmers in controlling the tractors and farm equipment.
Get a Sample of the Report @ https://www.reportsanddata.com/sample-enquiry-form/3356
The COVID-19 impact:
As the COVID-19 crisis grows, producers are swiftly adopting safe strategy and techniques which are supposed to increase the demand for Farm Management Software and Services. The significant effect is the constraints in logistics, as it can be seen through a shortage in the supply of materials. The impact of COVID-19 is variable, depending upon the participants of the market and the locations. While seeing at the supply side, most of the Indian domestic producers of Farm Management Software and Services have resumed their plants’ post lockdown. In logistics, many countries are detaching the import-export policies post lockdown to recover the loss because of the epidemic.
Key participants include: Deere & Company, Trimble, Ag Junction, Raven Industries, Iteris, Ag Leader Technology, DeLaval, DICKEY-john, Topcon Positioning Systems, BouMatic.
For this report, Reports and Data have segmented into the global Farm Management Software Services Market based on Agricultural Type, Service Provider, Delivery Model, Application, and region:
Agriculture Type Outlook (Revenue, USD Billion; 2017-2027)
- Precision Farming
- Livestock Farming
- Fish Farming
- Smart Greenhouse Farming
- Other
Service Provider Outlook (Revenue, USD Billion; 2017-2027)
- System Integrators
- Managed Services
- Assisted Professional Services
- Connectivity Services
- Maintenance, Upgradations, and Support Services
Delivery Model Outlook (Revenue, USD Billion; 2017-2027)
- Local/Web-Based
- Cloud-Based
Application Outlook (Revenue, USD Billion; 2017-2027)
- Precision Farming Application
- Livestock Farming Application
- Fish Farming Application
- Smart Greenhouse Farming Application
- Other Application
Regional Outlook (Revenue, USD Billion; 2017-2027)
- North America
- U.S
- Canada
- Europe
- Germany
- U.K
- France
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- MEA
- Saudi Arab
- UAE
- Rest of MEA
- Latin America
- Brazil
- Rest of MEA
Further key findings from the report suggest
- Precision farming is practically equivalent to taking a pill to focus on illness. The arrangements are exceptionally custom-made from the sort of yield reasonable for a plot to the utilization of pesticides in focused districts as it were. Embracing precision cultivating decreases the cost and wastage, as custom-fitted needs of each plot are obliged.
- Cloud-based deployment mode will witness an increased demand as they are cost-effective, and they are easier to use. They can be accessed through smartphones, tablets, and PCs as well. The segment will witness a CAGR of 14.1% during the forecast period.
- The assisted professional services are expected to grow as it includes supply chain management services and climate information services. Farmers are eager to know about climate forecast and keep an eye on the changing weather, to reduce loss or damage of crops.
- The Asia Pacific market is expected to affirm the most noteworthy CAGR of 14.3% over the forecast period. It is spearheading the revenue growth with China and Japan at the forefront. Organizations in the region are increasingly putting resources into R&D to introduce advanced drones to improve productivity.
- In February 2017, Deere & Company launched the John Deere Connect Mobile App to help users understand and adjust their planter or sprayer performance. The users can monitor the job quality and understand the workings of each sprayer in detail.
Table Of content:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Indicative Metrics
Chapter 4. Farm Management Software and Services Market Segmentation & Impact Analysis
4.1. Farm Management Software and Services Market Material Segmentation Analysis
……
Chapter 11. Company Profiles
11.1. Deere & Company
11.1.1. Company Overview
11.1.2. Financial Performance
11.1.3. Technology Insights
11.1.4. Strategic Initiatives
11.2. Trimble
11.2.1. Company Overview
11.2.2. Financial Performance
11.2.3. Technology Insights
11.2.4. Strategic Initiatives
11.3. Ag Junction
11.3.1. Company Overview
11.3.2. Financial Performance
11.3.3. Technology Insights
11.3.4. Strategic Initiatives
11.4. Raven Industries
11.4.1. Company Overview
11.4.2. Financial Performance
11.4.3. Technology Insights
11.4.4. Strategic Initiatives
11.5. Iteris
11.5.1. Company Overview
11.5.2. Financial Performance
11.5.3. Technology Insights
11.5.4. Strategic Initiatives
11.6. Ag Leader Technology
11.6.1. Company Overview
11.6.2. Financial Performance
11.6.3. Technology Insights
11.6.4. Strategic Initiatives
11.7. DeLaval
11.7.1. Company Overview
Continued….
Request for Customization of Report @ https://www.reportsanddata.com/request-customization-form/3356
Thank you for reading our report. Customization of the report is available according to the requirements of the clients. Kindly get in touch with us to know more about the report, and our team will ensure the report is tailored according to your needs.
About Reports and Data:
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.
Media Contact
Company Name: Reports and Data
Contact Person: John Watson
Email: Send Email
Phone: +1-212-710-1370
Address:40 Wall St. 28th floor
City: New York City
State: NY 10005
Country: United States
Website: https://www.reportsanddata.com/report-detail/farm-management-software-services-market