About Agricultural Contract Management Service
Agricultural contract management service is contract farming for the agricultural product production which are carried out according to the agreement between buyers and agricultural professional. The contract establishes conditions for the production and marketing of the farm products. The services include contract application, contract settlement, expense management, and various other operational services.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
SAP SE (Germany), NEC Corporation (Japan), Openlink (United States), INFLOR (United States), Agulus, Inc. (United States), Medius AG (Switzerland) and Logan Contracting (Australia) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Agricultural Contract Management Service market by Type (On-Line and Off-Line), Application (Farm Trade Company, Food Processing Company, Individual Farmer, Agricultural Organization and Others) and Region.
On the basis of geography, the market of Agricultural Contract Management Service has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Services, the sub-segment i.e. Contract Capture and Maintenance will boost the Agricultural Contract Management Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Contract Optionality, the sub-segment i.e. Explicit will boost the Agricultural Contract Management Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The Emergence of Automation in Agricultural Contract Management Service
Market Growth Drivers:
The Need for Flexible Contract Capture Through Execution and Settlement and Demand for Tracking all the Agricultural Related Process, Expenses Along with Configuring Business Rules
Challenges:
Complex Settlement due to Price Establishment, Delivery Reassignments Etc.
Restraints:
Some Hindrances to Agricultural Contract Management Service Due to Slowdown of Economy
Opportunities:
Rising Demand from Top Agricultural Countries for Agricultural Contract Management Service
On 31st March 2020, -NEC Corporation announced the conclusion of a strategic partnership agreement with Kagome Co., Ltd. to launch agricultural management support services utilizing AI for leading tomato processing companies. The new service uses NEC’s AI-enabled agricultural ICT platform, CropScope, to visualize tomato growth and soil conditions based on sensor data and satellite images, and to provide farming management recommendation services. This AI enables the service to provide data on the best timing and amounts of irrigation and fertilizer for healthy crops.
Key Target Audience
Agricultural Contract Management Service Providers, Agricultural Contract Management Industry Associations, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.