Smart Farming Solutions: An In-Depth Look at the Farm Management Software Market and Its Future Growth


Posted September 5, 2024 by Harshal

According to the latest publication from Meticulous Research®, the farm management software market is projected to reach $10.5 billion by 2030, at a CAGR of 25.4% from 2024–2030.
 
Meticulous Research®, a leading global market research firm, has released a new report titled "Farm Management Software Market by Offerings (Software, Services), Application (Precision Farming, Aquaculture, Livestock Monitoring, Smart Greenhouse), Farm Size, End User, and Geography - Global Forecast to 2030."

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According to the latest insights from Meticulous Research®, the global farm management software market is projected to grow at a compound annual growth rate (CAGR) of 25.4%, reaching $10.5 billion by 2030. This growth is primarily driven by the increasing adoption of connectivity in agriculture, rising demand for farm management solutions to improve yields, and environmental challenges such as climate change and water shortages. Government initiatives to promote farm management software are further accelerating market growth.

Additionally, new business models from agritech companies, making these solutions more affordable, and the growing role of AI in agriculture are expected to create significant growth opportunities. However, challenges such as limited access to financial resources for farmers and the fragmented agricultural ecosystems in developing countries may impede growth.

Market Segmentation & Insights
The report segments the farm management software market by offerings, applications, farm size, end-user, and geography, while also analyzing key industry competitors at the country level.

Browse In Depth: https://www.meticulousresearch.com/product/farm-management-software-market-5720

• By Offerings: The market is segmented into software and services. The software segment is expected to account for the largest share in 2024, driven by the increasing adoption of precision agriculture. This software helps optimize the use of inputs like fertilizers, pesticides, and water, resulting in yield increases of up to 20–30%, especially in countries like India. Farm management software also provides real-time access to market information, weather forecasts, and crop health monitoring.

• By Application: The market is segmented into precision farming, aquaculture, livestock monitoring, smart greenhouse, and other farming applications. Precision farming is expected to dominate in 2024, benefiting from the use of farm management software to maximize yield from limited arable land, optimize water usage, reduce costs, and minimize the environmental impact of farming activities. Government support for precision farming and digital agriculture further fuels this segment’s growth.

• By Farm Size: The market is segmented into small, medium, and large farms. Large farms are expected to hold the largest market share in 2024, as they have the resources to invest in digital agriculture technologies. These farms leverage farm management solutions to optimize resource utilization, manage complex supply chains, and improve decision-making related to planting, harvesting, and resource management.

• By End User: The market is categorized into private farming, corporate farming, and government farming. Corporate farming is expected to account for the largest share in 2024, driven by the need for farm management software to efficiently manage large-scale agricultural operations. The software helps improve productivity, achieve cost savings, ensure regulatory compliance, and enhance sustainability, all essential factors for corporate farms.

• By Geography: The farm management software market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, North America is expected to hold the largest share, with the U.S. and Canada leading the adoption of farm management software. The region’s focus on precision agriculture, driven by advanced technologies, has helped optimize resource utilization and increase productivity.

Quick Buy – Farm Management Software Market – Global Opportunity Analysis and Industry Forecast (2024-2030), Research Report: https://www.meticulousresearch.com/Checkout/11008044

Key Market Players:
Leading companies in the farm management software market include Corteva Agriscience (U.S.), AGRIVI (Croatia), Trimble Inc. (U.S.), Farmers Edge Inc. (Canada), Agworld Pty Ltd (Canada), SourceTrace (U.S.), Cropin Technology Solutions Private Limited (India), Afimilk Ltd. (Israel), AKVA group ASA (Norway), Farmlogics Technologies Pvt Ltd. (India), Climate LLC (U.S.), Raven Industries, Inc. (U.S.), Connecterra B.V. (Netherlands), Eruvaka Technologies Pvt. Ltd. (India), and Tetra Laval Group (Switzerland).

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Issued By Harshal
Country United States
Categories Agriculture , Business , Technology
Tags farm management software market , farm management software market size , farm management software market share , farm management software market growth
Last Updated September 5, 2024