Agricultural Software Market Scope
Agriculture Software are used to manage as well as optimize the production of crops. It helps to deliver and track day to day operations and features of farms. Additionally, Agricultural software are the tool used to expand efficiency and profitability of farms. Agriculture software provides different method, techniques and strategies to improve crop productivity. Agriculture software are farm based as well as cloud based. There are various type of agriculture software such as farm management, livestock management, precision agriculture software and others.
According to AMA, the Global Agricultural Software market is expected to see growth rate of 16.0%Agricultural Software market companies operating in these industries are focusing more on efficient growth, improvement of operational efficiency and productivity, achieving high safety standards, and focusing on maintaining sustainable development. The market is highly competitive with a few players occupying the major share. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launches, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Agricultural Software market throughout the predicted period.
Deere & Company (United States), Granular (United States), Agris (Italy), Navfarm (Australia), Croptracker (Canada), Bovisync (United States), Trimble Inc. (United States), AG Junction, Inc. (United States), Raven Industries, Inc. (United States) and Iteris, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are AG Leader Technology Inc. (United States), Dickey-John Corporation (United States), SST Development Group, Inc. (United States) and Topcon Positioning Systems Inc. (United States).
Segmentation Overview
The study have segmented the market of Global Agricultural Software market by Type (Farm Management, Livestock Management, Precision Agriculture Software and Others), by Application (Field Management, Farming Operation, Irrigation, Animal husbandry and Others) and Region with country level break-up.
On the basis of geography, the market of Agricultural 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). North America region held largest market share in the year 2022. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Influencing Trend:
Growing Implementation of Cloud Based Services and Emergence of Agriculture Artificial Intelligence
Market Growth Drivers:
Rising Government Initiation towards Agriculture Development and Up Surging Adoption of Special Farming Methods
Challenges:
Data Management for Effective Decision Making
Restraints:
Needed High Investment and Lack of Professionals
Opportunities:
Increasing Demand of Software Applications in Smartphones and Availability of High Speed Network
Market Leaders and their Expansionary Development Strategies
On 6th August 2021, Deere & Co. announces it has signed a definitive agreement to acquire the Silicon Valley-based startup Bear Flag Robotics for USD 250 million. Bear Flag Robotics was founded in 2017 and develops autonomous driving technology which can be integrated into existing machinery. and 29th June 2021, AgJunction Inc. has announced that it has entered into a memorandum of understanding with Robert Bosch LLC (“Bosch”) to join the NEVONEX partner network and integrate NEVONEX into AgJunction’s hardware modules.
On 22nd November 2018, Lineage Grow Company Ltd. has acquired California-based Walnut Oaks, Agris farm. and On 20th March 2018, Granular, Agriculture Division of DowDuPont™ Software Business has announced that they have signed an agreement with the planet, a leading aerospace and data Analytics Company. This 3-year deal was established for worldwide satellite imagery data into Granular’s farm-management software suite – powering improved analytics tools that will help agriculturalists achieve risk and rise crops.
General India Drone Laws, "Do not fly your drone over densely populated areas or large crowds.Respect others privacy when flying your drone and Do not fly your drone within 5km of airports or in areas where aircraft are operating Hurdles before drones in agri-tech take off. "
Key Target Audience
Agriculture Software Services Providers, IT Service Providers, Agriculture Equipment Manufacturers, Government Bodies, Cloud Service Distributor, Agriculture Apparatuses Producers, Research Firms and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.