About Precision Farming Management Software
Farm management software centralizes, manages, and optimizes the production activities and automates the recording and storage of farm data, monitors and analyzes farm activities and consumption, and tracks business expenses and farm budgets. Also, it can support farm financial management with accounting programs, farm planning and procurement functionality, and marketing and budgeting tools.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Precision Farming Management Software market throughout the forecasted period. 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.
Granular, Inc. (United States), IBM Corporation (United States), Conservis Corporation (United States), Farmbrite (United States), Agrimap (New Zealand), Agworld (United States), FarmLogs (United States), NCrypted Technologies (India), Trimble Agriculture (United States) and Chetu Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Afflield Kft. (Hungary), Agrivi (United Kingdom), Ag Leader Technology (United States), CropZilla Software, Inc. (United States) and i.Agri Limited (New Zealand).
Segmentation Overview
AMA Research has segmented the market of Global Precision Farming Management Software market by , Application (Crop Management, Financial Management, Farm Inventory Management, Personnel Management, Weather Tracking and Forecasting and Others) and Region.
On the basis of geography, the market of Precision Farming Management Software 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 Deployment Type, the sub-segment i.e. Local/Web-based will boost the Precision Farming Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Pricing, the sub-segment i.e. Annual Subscription will boost the Precision Farming Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Farm Labor Shortage and Average Farm Size Increase
Market Growth Drivers:
Increasing Need of Real-Time Data Management through Cloud Computing, Government’s Support to Adopt Modern Agricultural Techniques, Integration of Mobile Technology with Farming Techniques and Increasing Use of Agricultural Software for Maintaining Farm Efficiency
Challenges:
Management of Data for Productive Decision Making and Lack of Standardization in the Precision Farming Industry
Restraints:
High Initial Capital Investment
Opportunities:
Integration of Smartphone with Agriculture Hardware and Software Applications and High-Speed Internet Connectivity
Market Leaders and their expansionary development strategies
In 2017, DuPont has acquired San Francisco-based Granular, Inc., a leading provider of software and analytics tools that help farms improve efficiency, profitability, and sustainability.
In 2020, Agrivi, one of the global market-leading farm management software companies, has launched two new products within its digital agriculture solution offering, Agrivi Precision Field, and Agrivi Farm Fleet.
Key Target Audience
Precision Farming Management Software Providers, Software Developers and Engineers, Potential Investors, Agrotech Firms, Government and Research Institutes, End-Use Industry 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.