Farm management software market forecast to witness phenomenal growth opportunities by 2024

1
Farm Management Software Market Share,
Segmentation, Report 2024 Global Market Insights
Inc.
Fuel Cell Market size worth 25.5bn by 2024
Low Power Wide Area Network
2
Application Analysis of Farm Management Software
Market

• Farm Management Software Market size is expected
  to gain momentum during the period of seven years
  owing to the continuously growing demand for food
  with growth in population worldwide. According to
  the Food and Agriculture Organization (FAO) of
  the United Nations, the food demand is expected
  to increase between 59 to 98 by 2050. Farmers
  will need to increase production either by
  increasing the land under agricultural production
  or by increasing the productivity. The growing
  need for increasing agricultural productivity is
  expected to propel the farm management software
  market growth.
• Governments of various countries are extending
  support to farmers to implement the technology to
  enhance productivity. For instance, the
  government of Queensland provides a wide range of
  interactive software and tools to support
  agricultural businesses. Governments,
  particularly in the Asia Pacific region, are
  supporting farmers to adopt modern agricultural
  techniques. Stringent regulations pertaining to
  intellectual property rights in agriculture
  technology are encouraging the companies to
  invest more in the industry. The implementation
  of IP rights is increasing the profit margins of
  technology enablers, attracting several companies
  in the industry and propelling the farm
  management software market growth.

3
Regional Analysis of Farm Management Software
Market

• The North America farm management software market
  is estimated to hold the majority share owing to
  the increasing demand for advanced agricultural
  solutions to improve productivity. Farmers in the
  region readily adopt new advanced technologies
  and modern farming systems including cloud
  services, mobile applications, data analysis
  tools, and high-speed imagery services.
• The China farm management software market is
  expected to experience a significant growth owing
  to the rapidly growing population and increasing
  food requirements. The lack of land available for
  agriculture has mandated the farmers to use
  advanced technologies to improve productivity in
  the available land.

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5
Competitive Market Share of Farm Management
Software Market

• Trimble
• Deere Company
• AgJunction
• AG Leader Technology
• DeLaval
• Agrivi
• Raven Industries
• SST Development Group
• Iteris
• BouMatic
• Farmers Edge
• GEA Group.
• The industry is fragmented in nature owing to the
  presence of many regional players. Big players in
  the industry are acquiring startups and small
  players to gain a considerable share.

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