The report studies the impact of COVID-19 pandemic on the Farm Management Software and Services market and its crucial segments. Supply chain disruptions and economic instability have negatively impacted the market growth in several key regions. The report offers an in-depth analysis of the market size, market share and growth and its estimation over the forecast years on the basis of the COVID-19 crisis.
The Global Farm Management Software and Services Market will be worth $3,015.5 million by 2027, according to current analysis by Emergen Research. The growth of this market can be attributed to the growing focus of farmers on increasing agricultural efficiency and crop yield. Increased research and development for the advancement of farm management software and services should make the technology more cost-effective and accessible to farmers. Growing farmer interest in precision farming and livestock monitoring is most likely to propel the demand for farm management software and services.
Rapid urbanization in developing economies has driven the growth of smart greenhouses. Moreover, the implementation of Internet of Things (IoT) based technologies in smart greenhouses has made them more technologically advanced as they have eliminated human intervention and made the process more cost effective.
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- In October 2019, Raven Industries announced the acquisition of the majority of the autonomous DOT platform. The acquisition will accelerate the development of precision agriculture technology from a semi to fully autonomous solution.
- The precision agriculture segment held the largest market share of 35.3% in 2019. Increase in government initiatives to adopt modern agricultural techniques is expected to drive the growth of precision agriculture.
- The cloud-based segment is expected to grow with the fastest CAGR of 14.6% over the forecast period. Cloud-based software solutions are gaining adoption in the agricultural sector as they are easily accessible from mobile phones, tablets or PCs.
Leading companies profiled in the Farm Management Software and Services report include:
Deere and Company, Trimble Inc, GEA Group, Raven Industries, Agjunction, Delaval, The Climate Corporation, Iteris, Inc., Conservis Corporation, and Topcon Positioning Systems, Inc., among others.
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The report offers a comprehensive analysis of the Global Farm Management Software and Services Market on a global and regional scale and offers an 8-year market forecast. The report provides extensive coverage of market drivers, restraints, limitations, growth prospects, threats, opportunities, and current and emerging market trends. The report also offers an in-depth analysis of the market players along with their business overview, product portfolio, technological advancements, expansion plans, financial condition, and global standing. It also sheds light on the collaborations in the competitive landscape, such as mergers and acquisitions, joint ventures, collaborations, product launches, brand promotions, corporate and government agreements, licensing agreements, etc.
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Emergen Research has segmented the global agricultural management software and services market on the basis of agriculture type, delivery model, service provider, and region:
- Agriculture Type Outlook (Revenue, USD Million; 2017-2027)
- Precision farming
- Intelligent greenhouse cultivation
- Delivery Model Outlook (Revenue, USD Million; 2017-2027)
- Service Provider Outlook (Revenue, USD Million; 2017-2027)
- Managed Services
- System integrators
- Assisted Professional Services
- Maintenance and support
Regional analysis includes an in-depth study of key geographic regions to better understand the market and provide accurate analysis. The regional analysis covers North America, Latin America, Europe, Asia-Pacific, Middle East and Africa. Regional analysis covers analysis of key market segments, including Revenue, CAGR, Import/Export, Supply & Demand Report, Production & Consumption Report, Analysis of the industrial chain and market dynamics in each region of the geographies.
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Chapter 1: Market Overview and Scope
Chapter 2: Market Outlook
Chapter 3: Impact analysis of the COVID-19 pandemic
Chapter 4: Competitive Landscape
Chapter 5: Drivers, Constraints, Opportunities, Limits
Chapter 6: Major manufacturers in the industry
Chapter 7: Regional Analysis
Chapter 8: Market segmentation based on type and applications
Chapter 9: Current and Future Trends
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