Overview and Scope
Agricultural software refers to digital tools and applications designed to support and optimize various aspects of farming and agricultural activities. These software solutions encompass a wide range of functionalities to improve agricultural operations’ efficiency, productivity, and sustainability.
Sizing and Forecast
The agricultural software market size has grown steadily in recent years. It will grow from $21.68 billion in 2023 to $22.63 billion in 2024 at a compound annual growth rate (CAGR) of 4.4%. The growth in the historic period can be attributed to increased food demand, increased demand for agricultural products, government subsidies and support, increased urbanization, increased farm size and complexity.
The agricultural software market size is expected to see steady growth in the next few years. It will grow to $27.20 billion in 2028 at a compound annual growth rate (CAGR) of 4.7%. The growth in the forecast period can be attributed to growth in the agriculture sector, growing population, growing demand for sustainable agriculture, increase productivity and efficiency, growing demand for livestock products. Major trends in the forecast period include demand for advanced farming solutions, adoption of cloud-based agricultural software, adoption of smart agriculture systems, investments in agricultural technology, advancements in artificial intelligence.
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Segmentation & Regional Insights
The agricultural software market covered in this report is segmented –
1) By Type: Farm Management, Livestock Management, Precision Agriculture Software, Other Types
2) By Deployment: On-Premise, Cloud-Based
3) By Application: Field Management, Farming Operation, Irrigation, Animal Husbandry
4) By End-User: Farmers, Agricultural Companies, Research Institutes
North America was the largest region in the agricultural software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the agricultural software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The growing demand for food is expected to propel the growth of the agricultural software market going forward. The demand for food is attributed to population growth, dietary preferences, economic development, and changing lifestyles. The agricultural software enhances the productivity, efficiency, and sustainability of farming practices by increasing food production and helping to meet the growing demand for food worldwide. For instance, according to the Food and Agriculture Organization (FAO), an Italy-based specialized agency of the United Nations that leads international efforts to defeat hunger and improve nutrition and food security, by the year 2050, there will be a need to increase food production by 60% to provide enough food for a global population of 9.3 billion people. Therefore, the growing demand for food is driving the growth of the agricultural software market.
Key Industry Players
Major companies operating in the agricultural software market are Bayer AG, Deere & Company, CNH Industrial N.V., Hexagon Agriculture, Trimble Inc., Raven Industries Inc., The Climate Corporation, Iteris Inc., Solinftec Inc., Granular Inc., Proagrica, AG Leader Technology, CropIn Technology Solutions Pvt. Ltd., AgroVision B.V., Farmers Edge Inc., Decisive Farming Corp., Agworld Inc., CropX Inc., Topcon Agriculture, Conservis Corporation, FarmLogs Inc., AgJunction Inc., AgriWebb Pty Ltd., FieldView, OnFarm Systems Inc
The agricultural software market report table of contents includes:
1. Executive Summary
2. Agricultural Software Market Characteristics
3. Agricultural Software Market Trends And Strategies
4. Agricultural Software Market – Macro Economic Scenario
5. Global Agricultural Software Market Size and Growth
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32. Global Agricultural Software Market Competitive Benchmarking
33. Global Agricultural Software Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Agricultural Software Market
35. Agricultural Software Market Future Outlook and Potential Analysis
36. Appendix
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