Farm Management Software Market Navigating Challenges And Solutions

Farm Management Software Industry Overview

The global farm management software market size was estimated at USD 3.30 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 16.2% from 2023 to 2030. The growth of the market can be attributed to the increasing implementation of cloud computing for real-time farm data management. Farm Management Software (FMS) involves the use of Information Communication Technology (ICT), particularly IoT and big data analytics, to address resource constraints such as shortage of energy, water, and labor and social issues such as environment, animal welfare and use of fertilizers, which negatively influence the agricultural production.

Gather more insights about the market drivers, restrains and growth of the Farm Management Software Market

The adoption of remote sensing technology in the agriculture industry has increased due to the emergence of drones and GIS. The images captured through a device featuring remote sensing technology can be used for the detection of cop water stress, monitoring weeds & crop diseases, classification of crop species, and mapping of soil properties. Some open-source remote sensing software includes Quantum GIS Semi-Automatic Classification Plugin (SCP), Optical and Radar Federated Earth Observation (ORFEO) toolbox, Opticks, and PolSARPro.

The increasing use of site-specific crop management is expected to reduce pesticide use, increase crop yields, and provide greater insight for farm management decisions. Farm management software equipped with advanced data analytics capabilities can process historical and real-time data to generate predictive models, enabling farmers to forecast crop performance under different environmental conditions. By analyzing factors like weather patterns, soil quality, and crop health, the software can offer valuable insights to make informed decisions regarding fertilization, pest control, and irrigation. Forecasting crop performance under various environmental situations can assist farmers in boosting their yield. Phenotyping aids in the understanding of several elements affecting crop growth, such as nitrogen depletion and soil pH levels. It is used to determine crop growth under various situations.

The players in the agriculture industry are acknowledging the need for technology infusion to increase the production of crops. The growing farm mechanization has increased the profitability of the agriculture sector in developed countries. Modern agriculture involves the use of software and hardware components. Equipment manufacturing requires embedded application software and hardware, along with network services.

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• The small language model market size was estimated at USD 7.76 billion in 2023 and is projected to grow at a CAGR of 15.6% from 2024 to 2030. As businesses manage the complexities of generative AI and small language model are provide promising solution that strikes a balance between capability and practicality.

• The global secure multiparty computation market size was estimated at USD 794.1 million in 2023 and is projected to grow at a CAGR of 11.8% from 2024 to 2030. This expansion is driven by the increasing need for data privacy and security across industries, especially in sectors such as finance, healthcare, and government, where sensitive information is routinely handled.

Farm Management Software Market Segmentation

Grand View Research has segmented the global farm management software market based on agriculture type, deployment model, solution, and region:

Farm Management Software Agriculture Type Outlook (Revenue, USD Million, 2017 – 2030)
• Precision Farming
• Livestock Monitoring
• Smart Greenhouse
• Others

Farm Management Software Deployment Model Outlook (Revenue, USD Million, 2017 – 2030)
• Web-based
• Cloud-based

Farm Management Software Solution Outlook (Revenue, USD Million, 2017 – 2030)
• Software
• Services
o System Integration & Consulting
o Maintenance & Support
o Managed Services
o Data Services
o Analytics Services
o Farm Operation Services
o Assisted Professional Services
o Supply Chain Management Services
o Climate Information Services

Farm Management Software Regional Outlook (Revenue, USD Million, 2017 – 2030)
• North America
o U.S.
o Canada
• Europe
o UK
o Germany
o France
• Asia Pacific
o China
o India
o Japan
o South Korea
o Australia
• Latin America
o Brazil
o Mexico
• Middle East and Africa (MEA)
o Kingdom of Saudi Arabia (KSA)
o UAE
o South Africa

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Key Companies profiled:
• Ag Leader Technology
• AgJunction LLC
• BouMatic
• CropX, Inc.
• CropZilla Inc.
• DeLaval
• DICKEY-john
• Deere & Company
• Corteva
• CNH Industrial
• Trimble Inc.
• Climate LLC.
• Gamaya
• GEA Group Aktiengesellschaft
• Farmers Edge Inc.
• Grownetics