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Farm Management Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

November 2023 | 147 pages | ID: F07A75E55056EN
IMARC Group

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The global farm management software market size reached US$ 2.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.7 Billion by 2028, exhibiting a growth rate (CAGR) of 10.37% during 2022-2028.

Farm management software helps manage the everyday operations of farming professionals. It automates the recording and storage of farm data, monitors and analyzes farm activities and consumption, and tracks business expenses and farm budgets. It also offers farm financial management with accounting programs, farm planning, and procurement functionality and marketing and budgeting tools. Besides this, it assists in centralizing, managing, and optimizing the production activities and operations of farms. As it allows farmers to become strategic and efficient in their daily farm-related tasks and responsibilities, the demand for farm management software is escalating around the world.

Farm Management Software Market Trends:
There is a considerable shortage of food across the globe due to the increasing global population. This, in confluence with disruptions caused in the supply chain on account of the coronavirus disease (COVID-19) outbreak, represents one of the key factors catalyzing the demand for farm management software. It provides predictive analytics and insightful outputs to assist efficient crop growth and animal health. Apart from this, there is an acute shortage of skilled laborers and arable land, which is positively influencing the need for productive and data-driven insights to optimize crop yields. Furthermore, due to the rising environmental concerns, governing agencies of numerous countries are imposing stringent regulations on the usage of crop protection chemicals, which in turn, is positively influencing the sales of farm management software worldwide to increase productivity and the return on investment (ROI). Moreover, leading market players are continuously funding research and development (R&D) activities to introduce effective drones with enhanced overall productivity. This, along with the growing technological advancements, such as the integration of cloud computing and the Internet of Things (IoT), is anticipated to impel the market.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global farm management software market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on agriculture type, deployment mode and service.

Breakup by Agriculture Type:

Precision Farming
Livestock Monitoring
Smart Greenhouse
Fish Farming
Others

Breakup by Deployment Mode:

On-premises
Cloud-based

Breakup by Service:

System Integration and Consulting
Maintenance and Support
Managed Services
Assisted Professional Services

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Ag Leader Technology, AGCO Corporation, AgJunction Inc., AGRIVI, Corteva Inc., Deere & Company, DeLaval, Microsoft Corporation, Raven Industries Inc. (CNH Industrial N.V.), RELX Group plc, Syngenta (China National Chemical Corporation), The Climate Corporation (Bayer AG), Topcon Corporation and Trimble Inc.

Key Questions Answered in This Report
1. How big is the global farm management software market?
2. What is the expected growth rate of the global farm management software market during 2023-2028?
3. What are the key factors driving the global farm management software market?
4. What has been the impact of COVID-19 on the global farm management software market?
5. What is the breakup of the global farm management software market based on the agriculture type?
6. What is the breakup of the global farm management software market based on the deployment mode?
7. What are the key regions in the global farm management software market?
8. Who are the key players/companies in the global farm management software market?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL FARM MANAGEMENT SOFTWARE MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY AGRICULTURE TYPE

6.1 Precision Farming
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Livestock Monitoring
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3 Smart Greenhouse
  6.3.1 Market Trends
  6.3.2 Market Forecast
6.4 Fish Farming
  6.4.1 Market Trends
  6.4.2 Market Forecast
6.5 Others
  6.5.1 Market Trends
  6.5.2 Market Forecast

7 MARKET BREAKUP BY DEPLOYMENT MODE

7.1 On-premises
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Cloud-based
  7.2.1 Market Trends
  7.2.2 Market Forecast

8 MARKET BREAKUP BY SERVICE

8.1 System Integration and Consulting
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Maintenance and Support
  8.2.1 Market Trends
  8.2.2 Market Forecast
8.3 Managed Services
  8.3.1 Market Trends
  8.3.2 Market Forecast
8.4 Assisted Professional Services
  8.4.1 Market Trends
  8.4.2 Market Forecast

9 MARKET BREAKUP BY REGION

9.1 North America
  9.1.1 United States
    9.1.1.1 Market Trends
    9.1.1.2 Market Forecast
  9.1.2 Canada
    9.1.2.1 Market Trends
    9.1.2.2 Market Forecast
9.2 Asia-Pacific
  9.2.1 China
    9.2.1.1 Market Trends
    9.2.1.2 Market Forecast
  9.2.2 Japan
    9.2.2.1 Market Trends
    9.2.2.2 Market Forecast
  9.2.3 India
    9.2.3.1 Market Trends
    9.2.3.2 Market Forecast
  9.2.4 South Korea
    9.2.4.1 Market Trends
    9.2.4.2 Market Forecast
  9.2.5 Australia
    9.2.5.1 Market Trends
    9.2.5.2 Market Forecast
  9.2.6 Indonesia
    9.2.6.1 Market Trends
    9.2.6.2 Market Forecast
  9.2.7 Others
    9.2.7.1 Market Trends
    9.2.7.2 Market Forecast
9.3 Europe
  9.3.1 Germany
    9.3.1.1 Market Trends
    9.3.1.2 Market Forecast
  9.3.2 France
    9.3.2.1 Market Trends
    9.3.2.2 Market Forecast
  9.3.3 United Kingdom
    9.3.3.1 Market Trends
    9.3.3.2 Market Forecast
  9.3.4 Italy
    9.3.4.1 Market Trends
    9.3.4.2 Market Forecast
  9.3.5 Spain
    9.3.5.1 Market Trends
    9.3.5.2 Market Forecast
  9.3.6 Russia
    9.3.6.1 Market Trends
    9.3.6.2 Market Forecast
  9.3.7 Others
    9.3.7.1 Market Trends
    9.3.7.2 Market Forecast
9.4 Latin America
  9.4.1 Brazil
    9.4.1.1 Market Trends
    9.4.1.2 Market Forecast
  9.4.2 Mexico
    9.4.2.1 Market Trends
    9.4.2.2 Market Forecast
  9.4.3 Others
    9.4.3.1 Market Trends
    9.4.3.2 Market Forecast
9.5 Middle East and Africa
  9.5.1 Market Trends
  9.5.2 Market Breakup by Country
  9.5.3 Market Forecast

10 SWOT ANALYSIS

10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats

11 VALUE CHAIN ANALYSIS

12 PORTERS FIVE FORCES ANALYSIS

12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes

13 PRICE ANALYSIS

14 COMPETITIVE LANDSCAPE

14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
  14.3.1 Ag Leader Technology
    14.3.1.1 Company Overview
    14.3.1.2 Product Portfolio
  14.3.2 AGCO Corporation
    14.3.2.1 Company Overview
    14.3.2.2 Product Portfolio
    14.3.2.3 Financials
    14.3.2.4 SWOT Analysis
  14.3.3 AgJunction Inc.
    14.3.3.1 Company Overview
    14.3.3.2 Product Portfolio
    14.3.3.3 Financials
  14.3.4 AGRIVI
    14.3.4.1 Company Overview
    14.3.4.2 Product Portfolio
  14.3.5 Corteva Inc.
    14.3.5.1 Company Overview
    14.3.5.2 Product Portfolio
    14.3.5.3 Financials
  14.3.6 Deere & Company
    14.3.6.1 Company Overview
    14.3.6.2 Product Portfolio
    14.3.6.3 Financials
    14.3.6.4 SWOT Analysis
  14.3.7 DeLaval
    14.3.7.1 Company Overview
    14.3.7.2 Product Portfolio
  14.3.8 Microsoft Corporation
    14.3.8.1 Company Overview
    14.3.8.2 Product Portfolio
    14.3.8.3 Financials
    14.3.8.4 SWOT Analysis
  14.3.9 Raven Industries Inc. (CNH Industrial N.V.)
    14.3.9.1 Company Overview
    14.3.9.2 Product Portfolio
    14.3.9.3 Financials
  14.3.10 RELX Group plc
    14.3.10.1 Company Overview
    14.3.10.2 Product Portfolio
    14.3.10.3 Financials
    14.3.10.4 SWOT Analysis
  14.3.11 Syngenta (China National Chemical Corporation)
    14.3.11.1 Company Overview
    14.3.11.2 Product Portfolio
    14.3.11.3 SWOT Analysis
  14.3.12 The Climate Corporation (Bayer AG)
    14.3.12.1 Company Overview
    14.3.12.2 Product Portfolio
  14.3.13 Topcon Corporation
    14.3.13.1 Company Overview
    14.3.13.2 Product Portfolio
    14.3.13.3 Financials
    14.3.13.4 SWOT Analysis
  14.3.14 Trimble Inc.
    14.3.14.1 Company Overview
    14.3.14.2 Product Portfolio
    14.3.14.3 Financials
    14.3.14.4 SWOT Analysis

LIST OF TABLES

Table 1: Global: Farm Management Software Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Farm Management Software Market Forecast: Breakup by Agriculture Type (in Million US$), 2023-2028
Table 3: Global: Farm Management Software Market Forecast: Breakup by Deployment Mode (in Million US$), 2023-2028
Table 4: Global: Farm Management Software Market Forecast: Breakup by Service (in Million US$), 2023-2028
Table 5: Global: Farm Management Software Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Farm Management Software Market: Competitive Structure
Table 7: Global: Farm Management Software Market: Key Players

LIST OF FIGURES

Figure 1: Global: Farm Management Software Market: Major Drivers and Challenges
Figure 2: Global: Farm Management Software Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Farm Management Software Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Farm Management Software Market: Breakup by Agriculture Type (in %), 2022
Figure 5: Global: Farm Management Software Market: Breakup by Deployment Mode (in %), 2022
Figure 6: Global: Farm Management Software Market: Breakup by Service (in %), 2022
Figure 7: Global: Farm Management Software Market: Breakup by Region (in %), 2022
Figure 8: Global: Farm Management Software (Precision Farming) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Farm Management Software (Precision Farming) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Farm Management Software (Livestock Monitoring) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Farm Management Software (Livestock Monitoring) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Farm Management Software (Smart Greenhouse) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Farm Management Software (Smart Greenhouse) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Farm Management Software (Fish Farming) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Farm Management Software (Fish Farming) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Farm Management Software (Other Agriculture Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Farm Management Software (Other Agriculture Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Farm Management Software (On-premises) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Farm Management Software (On-premises) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Farm Management Software (Cloud-based) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Farm Management Software (Cloud-based) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Farm Management Software (System Integration and Consulting) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Farm Management Software (System Integration and Consulting) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Farm Management Software (Maintenance and Support) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Farm Management Software (Maintenance and Support) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Farm Management Software (Managed Services) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Farm Management Software (Managed Services) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Farm Management Software (Assisted Professional Services) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Farm Management Software (Assisted Professional Services) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: North America: Farm Management Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: North America: Farm Management Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: United States: Farm Management Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: United States: Farm Management Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Canada: Farm Management Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Canada: Farm Management Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Asia-Pacific: Farm Management Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Asia-Pacific: Farm Management Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: China: Farm Management Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: China: Farm Management Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Japan: Farm Management Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Japan: Farm Management Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: India: Farm Management Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: India: Farm Management Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: South Korea: Farm Management Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: South Korea: Farm Management Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Australia: Farm Management Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Australia: Farm Management Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Indonesia: Farm Management Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Indonesia: Farm Management Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Others: Farm Management Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Others: Farm Management Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Europe: Farm Management Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Europe: Farm Management Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Germany: Farm Management Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Germany: Farm Management Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: France: Farm Management Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: France: Farm Management Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: United Kingdom: Farm Management Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: United Kingdom: Farm Management Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Italy: Farm Management Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Italy: Farm Management Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Spain: Farm Management Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Spain: Farm Management Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Russia: Farm Management Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Russia: Farm Management Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Others: Farm Management Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Others: Farm Management Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Latin America: Farm Management Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Latin America: Farm Management Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Brazil: Farm Management Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Brazil: Farm Management Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Mexico: Farm Management Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Mexico: Farm Management Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Others: Farm Management Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Others: Farm Management Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Middle East and Africa: Farm Management Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Middle East and Africa: Farm Management Software Market: Breakup by Country (in %), 2022
Figure 78: Middle East and Africa: Farm Management Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Global: Farm Management Software Industry: SWOT Analysis
Figure 80: Global: Farm Management Software Industry: Value Chain Analysis
Figure 81: Global: Farm Management Software Industry: Porter's Five Forces Analysis


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