The Farm Management Software Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Farm Management Software Global Market Report 2024, The farm management software market size is expected to see rapid growth in the next few years. It will grow to $4.92 billion in 2028 at a compound annual growth rate (CAGR) of 12.3%. The growth in the forecast period can be attributed to advancements in artificial intelligence and machine learning, expansion of cloud-based farm management solutions, growing need for traceability and transparency in agriculture, adoption of mobile-based farm management applications, and integration of blockchain technology for supply chain management. Major trends in the forecast period include shift towards data-driven decision-making in agriculture, rise of precision planting and variable rate technology, implementation of predictive analytics for crop management, emphasis on interoperability and integration with other agricultural systems, and development of autonomous farming solutions.
The increasing initiatives by the government pertaining to the digitalization of the agriculture industry are expected to propel the growth of farm management software going forward. Government initiatives pertaining to the digitalization of the agriculture industry encompass the strategic integration of emerging disruptive digital technologies, such as the Internet of Things (IoT), big data and analytics (BDA), and artificial intelligence (AI), to advance various aspects of agricultural practices. Government initiatives can provide funding and support for the development and implementation of farm management software, enabling companies to invest in research and development, as well as offering comprehensive training programs to enhance technological literacy. For instance, according to the USDA 2022 Highlights, a US-based agriculture organization, in 2022, the USDA allocated $500 million through a new grant program to bolster independent, innovative, and sustainable American fertilizer production, aiming to cater to American farmers’ needs and leverage advancements in biotechnology and biomanufacturing. Therefore, the increasing initiatives by the government pertaining to the digitalization of the agriculture industry are driving the growth of the farm management software market.
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The farm management software market covered in this report is segmented –
1) By Component: Solution, Services
2) By Deployment Type: Cloud-Based, Web-Based
3) By Farm Size: Small, Medium, Large
4) By Application: Precision Farming, Livestock Monitoring, Smart Greenhouse, Aquaculture, Other Applications
Major companies operating in the farm management software market are developing next generation products, such as Bushel Farm, to provide farmers with advanced tools for optimizing and managing their farm operations. Bushel Farm refers to the next generation of farm management software designed to provide solutions to crop growers, grain buyers, and agriculture retailers. For instance, in March 2023, Bushel Inc., a US-based technology company, launched Bushel Farm, the next generation in farm management software for farmers and their agribusiness partners. The new offering reduces the burden of manual data entry for farmers and provides valuable insights into their operations. It offers a robust feature-set in both mobile and desktop experiences while maintaining its easy-to-use design.
The farm management software market report table of contents includes:
1. Executive Summary
2. Farm Management Software Market Characteristics
3. Farm Management Software Market Trends And Strategies
4. Farm Management Software Market – Macro Economic Scenario
5. Global Farm Management Software Market Size and Growth
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31. Farm Management Software Market Other Major And Innovative Companies
32. Global Farm Management Software Market Competitive Benchmarking
33. Global Farm Management Software Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Farm Management Software Market
35. Farm Management Software Market Future Outlook and Potential Analysis
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