Farm Management Software Market Size Worth 7.84 Billion By 2032 | CAGR: 10.90%

The global farm management software market size is expected to reach USD 7.84 billion by 2032, according to a new study by Polaris Market Research. The report “Farm Management Software Market Share, Size, Trends, Industry Analysis Report, By Agriculture Type (Precision Farming, Livestock Monitoring, Smart Greenhouse, Fish Farming); By Deployment Mode; By Service; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The global population is growing rapidly, with it, the demand for food. As a result, farmers are under increasing pressure to produce more food, using fewer resources and in a more sustainable manner. Farm management software can help farmers achieve these goals by providing real-time data and insights to help them make better decisions and optimize their operations.

With the global population expected to reach 9.7 billion by 2050, there is a need for more efficient and sustainable agricultural practices to feed the growing population. According to Cropin, agriculture will require us to generate nearly 70% more food to meet its needs. Farm management software can help farmers optimize their operations and increase productivity by providing real-time data on weather, soil quality, crop growth, and yield predictions.

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The growing demand for precision farming is fuelling the growth of the market. The third modern agricultural revolution will be significantly influenced by precision agriculture, which uses cutting-edge digital technologies. It efficiently minimizes inputs, labor, and time while maintaining sustainability increases output and profitability, and lessens environmental impact. By 2030, the market for precision agriculture is anticipated to reach $15.6 billion. Precision farming uses technology and data to optimize farming operations and increase productivity. This can include using sensors, drones, and other tools to collect data on soil quality, weather, and crop growth. Farm management software plays a critical role in processing and analyzing this data to provide insights and recommendations to farmers.

Farm Management Software Market Report Highlights

• Precision Farming segment is projected to experience faster growth due to the ability to make data-driven decisions, reduce waste, and improve profitability.
• Cloud-based segment is anticipated to have a larger market share as farmers increasingly seek affordable, scalable, accessible, and secure software solutions.
• System Integration and Consulting segment accounts for the significant revenue share owing to integrating software solutions for optimal performance and improved profitability.
• North America is expected to have a larger revenue share owing to the well-developed agricultural sector and advanced IT Infrastructure.
• The global players include Ag Leader Technology, AGCO, AgJunction, AGRIVI, Corteva, Deere, DeLaval, Microsoft, Raven Industries, RELX, Syngenta, Climate, Topcon, and Trimble.

Polaris Market Research has segmented the farm management software market report based on agriculture type, deployment mode, service, and region:

Farm Management Software, Agriculture Type Outlook (Revenue - USD Billion, 2019 - 2032)

• Precision Farming
• Livestock Monitoring
• Smart Greenhouse
• Fish Farming

Farm Management Software, Deployment Mode Outlook (Revenue - USD Billion, 2019 - 2032)

• On-Premises
• Cloud-based

Farm Management Software, Service Outlook (Revenue - USD Billion, 2019 - 2032)

• System Integration and Consulting
• Maintenance and Support
• Managed Services
• Assisted Professional Services

Farm Management Software, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
• Latin America
  • Argentina
  • Brazil
  • Mexico
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Farm Management Software Market Report Scope