Who are the key players of the Farm Management Software and Data Analytics Market?

365FarmNet GmbH, AgJunction, AGCO Corporation, Ag Leader Technology, Inc., Agrinavia, Agroptima, aWhere, Inc., BASF SECLAAS Group, CNH Industrial N.V.

Farm Management Software and Data Analytics Market Report

Q: How big is the Farm Management Software and Data Analytics Market Size?

The Farm Management Software and Data Analytics Market Size is valued at USD 3.61 Bn in 2022 and is predicted to reach USD 12.79 Bn by the year 2031.

Q: What is the Farm Management Software and Data Analytics Market Growth?

The Farm Management Software and Data Analytics Market is expected to grow at a 15.52% CAGR during the forecast period for 2023-2031.

The Farm Management Software and Data Analytics Market Size is valued at USD 3.61 Bn in 2022 and is predicted to reach USD 12.79 Bn by the year 2031 at a 15.52% CAGR during the forecast period for 2023-2031.

Farm management software and digital platforms enable farmers to improve crop productivity and quality. Also, reduces human dependability and crop failure. Advanced agricultural technologies offer various advantages to farmers, including soil and crop monitoring, field mapping, crop species selection, crop scouting, real-time data analysis, weather forecasting, and farm economics.

The remarkable factors driving the growth of the farm management software and data analytics market comprises the increasing government initiatives to improve farm data management systems, rising demand for increasing crop productivity, advances in agricultural technologies, increasing integration of computer technologies in the agriculture industry, and the growing awareness about the benefits of farm management software. Moreover, old agriculture methods are insufficient to handle the enormous farm data. This creates a need to find new ways to automate the routine tasks of farmers, increase crop productivity and reduce human dependability. Therefore, it generates new opportunities for software and agro companies to expand their businesses. However, the lack of security and consistency of farm data may limit the market growth during the projected period.

Competitive Landscape

Some Major Key Players In The Farm Management Software and Data Analytics Market:

365FarmNet GmbH
AgJunction
AGCO Corporation
Ag Leader Technology, Inc.
Agrinavia
Agroptima
aWhere, Inc.
BASF SECLAAS Group
CNH Industrial N.V.
CropIn Technology Solutions Pvt. Ltd
CropX Inc.
Deere & Company
DICKEY-john
EFC Systems Limited.
Farmers Edge Inc.
FarmLogs
Granular Inc.
Hexagon Agriculture
IBM Corporation
Iteris, Inc.
Kubota Corporation
Microsoft Corporation
Raven Industries Inc.
SourceTrace Systems
SST Development Group Inc.
The Climate Corporation (A Bayer AG Company)
Topcon Corporation
Trimble Inc.
Afimilk Ltd.
AgriWebb
BouMatic LLC.
Connecterra B.V.
Dairymaster
DeLaval
Evonik Industries AG
Fullwood Packo.
GEA Group.
ISAGRI
Lely S.a.r.l.
Valley Agricultural Software
Artemis
Infarm - Indoor Urban Farming Gmbh
Lettus Grow Ltd.
MotorLeaf Inc.
Tenacious Solutions Ltd
Aquabyte
Aquanetix Ltd.
Chetu Inc.
Eruvaka Technologies
XpertSea
Other Prominent Players

Market Segmentation

The farm management software & data analytics market is segmented into solutions, applications, farm produce, and region. By solutions, the market comprises software (on-cloud software, on-premise software) and platform-as-a-service. By applications, the market is grouped into precision crop farming (yield monitoring and farm mapping, crop scouting, weather tracking and forecasting, irrigation management, farm economics, others), livestock monitoring & management (milk harvesting, animal health monitoring and comfort, feeding management, heat stress and fertility monitoring, others), indoor farming (HVAC management, lighting management, plant development monitoring, others), aquaculture (feed management, aquatic species tracking and navigation, water quality management, others), and others. The farm produce segment is categorized into cereals, oil crops, fibre crops, pulses, fruits, vegetables, tree nuts, roots and tubers.

The On-Cloud Software Segment Holds The Highest Share Of The Market.

The on-cloud system is expected to dominate the market throughout the estimated period due to the growing awareness of the benefits that digital solutions offer to the agriculture industry. Farm management software provides numerous advantages to agricultural enterprises, including the optimization of farm operations, effective allocation of resources, data-driven decision-making, increased crop planning, and improved inventory tracking.

The Precision Crop Farming Category Is Expected To Have A Dominant Position In The Overall Farm Management Software Market Throughout The Forecast Period.

The precision crop farming application held the greatest share in farm data management software market in 2022 and similar trend is projected to continue over the forecast period. The surge in population has led to a higher demand for food, prompting numerous farmers to embrace smart farm software and other precision farming techniques. Agricultural practitioners are embracing the utilization of farm planning software as a means to save expenses associated with these procedures and achieve greater profits.

The Asia-Pacific (APAC) Region Is Expected To Experience The Most Significant Expansion In The Overall Market For Farm Management Software And Data Analytics.

Asia Pacific will likely to witness the highest growth during the forecast years owing to the fast adoption of agricultural management applications, rising demand for process automation, technological advancements, and leading market players in this region. Furthermore, the increasing focus on making decisions based on data and the progress in technology both contribute to the significant market share.

Recent developments

In March 2023, 365FarmNet and UNIFORM-Agri partnered to provide dairy farmers with advanced herd management software, forming a comprehensive digital solution for farm management. The collaboration represented a notable advancement for 365FarmNet in meeting the needs of professional dairy farmers who sought to efficiently oversee their entire farm using a single software solution.

In Jan 2023, Cropin, an agricultural data business headquartered in India, secured $13.7 million in Series D funding. Google and JSR Corporation were new investors in the round. In addition, the investors ABC Impact and Chiratae Ventures were also involved. The funds were used for the expansion of Cropin Cloud, the platform that consolidated the company's diverse applications and services for the agricultural sector.