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.
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 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 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.
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.
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Report Attribute |
Specifications |
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Market Size Value In 2022 |
USD 3.61 Bn |
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Revenue Forecast In 2031 |
USD 12.79 Bn |
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Growth Rate CAGR |
CAGR of 15.52 % from 2023 to 2031 |
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Quantitative Units |
Representation of revenue in US$ Bn and CAGR from 2023 to 2031 |
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Historic Year |
2019 to 2022 |
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Forecast Year |
2023-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Solution, By Application, By Farm Produce |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea |
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Competitive Landscape |
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 and others. |
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Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Farm Management Software and Data Analytics Market Snapshot
Chapter 4. Global Farm Management Software and Data Analytics Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: By Solutions Estimates & Trend Analysis
5.1. By Solutions, & Market Share, 2019 & 2031
5.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2023 to 2031 for the following By Solutions:
5.2.1. Software
5.2.1.1. On-Cloud Software
5.2.1.2. On-Premise Software
5.2.2. Platform-as-a-Service
Chapter 6. Market Segmentation 2: By Application Estimates & Trend Analysis
6.1. By Application & Market Share, 2019 & 2031
6.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2023 to 2031 for the following By Application:
6.2.1. Precision Crop Farming
6.2.1.1. Yield Monitoring and Farm Mapping
6.2.1.2. Crop Scouting
6.2.1.3. Weather Tracking and Forecasting
6.2.1.4. Irrigation Management
6.2.1.5. Farm Economics
6.2.1.6. Others
6.2.2. Livestock Monitoring & Management
6.2.2.1. Milk Harvesting
6.2.2.2. Animal Health Monitoring and Comfort
6.2.2.3. Feeding Management
6.2.2.4. Heat Stress and Fertility Monitoring
6.2.2.5. Others
6.2.3. Indoor Farming
6.2.3.1. HVAC Management
6.2.3.2. Lighting Management
6.2.3.3. Plant Development Monitoring
6.2.3.4. Others
6.2.4. Aquaculture
6.2.4.1. Feed Management
6.2.4.2. Aquatic Species Tracking and Navigation
6.2.4.3. Water Quality Management
6.2.4.4. Others
6.2.5. Others
Chapter 7. Market Segmentation 3: By Farm Produce Estimates & Trend Analysis
7.1. By Farm Produce & Market Share, 2019 & 2031
7.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2023 to 2031 for the following By Farm Produce:
7.2.1. Cereals
7.2.2. Oil Crops
7.2.3. Fibre Crops
7.2.4. Pulses
7.2.5. Fruits
7.2.6. Vegetables
7.2.7. Tree Nuts
7.2.8. Roots and Tubers
Chapter 8. Farm Management Software and Data Analytics Market Segmentation 4: Regional Estimates & Trend Analysis
8.1. North America
8.1.1. North America Farm Management Software and Data Analytics Market revenue (US$ Million) estimates and forecasts By Solutions, 2023-2031
8.1.2. North America Farm Management Software and Data Analytics Market revenue (US$ Million) estimates and forecasts By Application, 2023-2031
8.1.3. North America Farm Management Software and Data Analytics Market revenue (US$ Million) estimates and forecasts By Farm Produce, 2023-2031
8.1.4. North America Farm Management Software and Data Analytics Market revenue (US$ Million) estimates and forecasts By End User, 2023-2031
8.1.5. North America Farm Management Software and Data Analytics Market revenue (US$ Million) estimates and forecasts by country, 2023-2031
8.2. Europe
8.2.1. Europe Farm Management Software and Data Analytics Market revenue (US$ Million) By Solutions, 2023-2031
8.2.2. Europe Farm Management Software and Data Analytics Market revenue (US$ Million) By Application, 2023-2031
8.2.3. Europe Farm Management Software and Data Analytics Market revenue (US$ Million) By Farm Produce, 2023-2031
8.2.4. Europe Farm Management Software and Data Analytics Market revenue (US$ Million) By End User, 2023-2031
8.2.5. Europe Farm Management Software and Data Analytics Market revenue (US$ Million) by country, 2023-2031
8.3. Asia Pacific
8.3.1. Asia Pacific Farm Management Software and Data Analytics Market revenue (US$ Million) By Solutions, 2023-2031
8.3.2. Asia Pacific Farm Management Software and Data Analytics Market revenue (US$ Million) By Application, 2023-2031
8.3.3. Asia Pacific Farm Management Software and Data Analytics Market revenue (US$ Million) By Farm Produce, 2023-2031
8.3.4. Asia Pacific Farm Management Software and Data Analytics Market revenue (US$ Million) By End User, 2023-2031
8.3.5. Asia Pacific Farm Management Software and Data Analytics Market revenue (US$ Million) by country, 2023-2031
8.4. Latin America
8.4.1. Latin America Farm Management Software and Data Analytics Market revenue (US$ Million) By Solutions, (US$ Million) 2023-2031
8.4.2. Latin America Farm Management Software and Data Analytics Market revenue (US$ Million) By Application, (US$ Million) 2023-2031
8.4.3. Latin America Farm Management Software and Data Analytics Market revenue (US$ Million) By Farm Produce, (US$ Million) 2023-2031
8.4.4. Latin America Farm Management Software and Data Analytics Market revenue (US$ Million) By End User, (US$ Million) 2023-2031
8.4.5. Latin America Farm Management Software and Data Analytics Market revenue (US$ Million) by country, 2023-2031
8.5. Middle East & Africa
8.5.1. Middle East & Africa Farm Management Software and Data Analytics Market revenue (US$ Million) By Solutions, (US$ Million) 2023-2031
8.5.2. Middle East & Africa Farm Management Software and Data Analytics Market revenue (US$ Million) By Application, (US$ Million) 2023-2031
8.5.3. Middle East & Africa Farm Management Software and Data Analytics Market revenue (US$ Million) By Farm Produce, (US$ Million) 2023-2031
8.5.4. Middle East & Africa Farm Management Software and Data Analytics Market revenue (US$ Million) By End User, (US$ Million) 2023-2031
8.5.5. Middle East & Africa Farm Management Software and Data Analytics Market revenue (US$ Million) by country, 2023-2031
Chapter 9. Competitive Landscape
9.1. Major Mergers and Acquisitions/Strategic Alliances
9.2. Company Profiles
9.2.1. 365FarmNet GmbH
9.2.2. AgJunction
9.2.3. AGCO Corporation
9.2.4. Ag Leader Technology, Inc.
9.2.5. Agrinavia
9.2.6. Agroptima
9.2.7. aWhere, Inc.
9.2.8. BASF SECLAAS Group
9.2.9. CNH Industrial N.V.
9.2.10. CropIn Technology Solutions Pvt. Ltd
9.2.11. CropX Inc.
9.2.12. Deere & Company
9.2.13. DICKEY-john
9.2.14. EFC Systems Limited.
9.2.15. Farmers Edge Inc.
9.2.16. FarmLogs
9.2.17. Granular Inc.
9.2.18. Hexagon Agriculture
9.2.19. IBM Corporation
9.2.20. Iteris, Inc.
9.2.21. Kubota Corporation
9.2.22. Microsoft Corporation
9.2.23. Raven Industries Inc.
9.2.24. SourceTrace Systems
9.2.25. SST Development Group Inc.
9.2.26. The Climate Corporation (A Bayer AG Company)
9.2.27. Topcon Corporation
9.2.28. Trimble Inc.
9.2.29. Afimilk Ltd.
9.2.30. AgriWebb
9.2.31. BouMatic LLC.
9.2.32. Connecterra B.V.
9.2.33. Dairymaster
9.2.34. DeLaval
9.2.35. Evonik Industries AG
9.2.36. Fullwood Packo.
9.2.37. GEA Group.
9.2.38. ISAGRI
9.2.39. Lely S.a.r.l.
9.2.40. Valley Agricultural Software
9.2.41. Artemis
9.2.42. Infarm - Indoor Urban Farming Gmbh
9.2.43. Lettus Grow Ltd.
9.2.44. MotorLeaf Inc.
9.2.45. Tenacious Solutions Ltd
9.2.46. Aquabyte
9.2.47. Aquanetix Ltd.
9.2.48. Chetu Inc.
9.2.49. Eruvaka Technologies
9.2.50. XpertSea
9.2.51. Other Prominent Players
Farm Management Software and Data Analytics Market By Solution
Farm Management Software and Data Analytics Market by Applications
Farm Management Software and Data Analytics Market by Farm Produce
Farm Management Software and Data Analytics Market by Region,
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
