Farm Management Software Market Is Expected to Reach at a CAGR of 14.12% Between 2016 and 2023

Northbrook, IL -- (SBWire) -- 12/18/2018 --[215 Pages Report] The farm management software market is expected to grow from USD 748.0 million in 2016 to USD 1,937.9 million by 2023, at a CAGR of 14.12% between 2017 and 2023. The base year considered for the study is 2016 and the market size forecast is provided for the period between 2017 and 2023.

Increasing implementation of cloud computing in real-time farm data management to drive the global farm management software market

Cloud computing is becoming a mainstream technology for various farming applications such as precision farming, livestock monitoring, fish farming, and smart greenhouse practices. It manages the data exchange between hardware equipment and individuals to streamline the farm management process. Data management in agriculture plays a vital role since the management decisions are based on the real-time data analysis derived from the farm activities.

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Field mapping, yield monitoring, crop scouting, livestock farming and smart greenhouse farming application to drive the growth of farm management software market

Field Mapping

Field mapping includes mapping the field; recording of field boundary; calculating the surface area; and registering sample location points, drainage tiles, grid locations, and data collection. Nowadays, field mapping is done with the help of handheld devices and other systems equipped with GPS/GNSS and farm management software systems that help farmers to achieve objectives related to crop productivity, along with cost-effective field mapping solutions.

Yield Monitoring

Yield monitoring is an agricultural tool to collect data and identify the yield variability within a field accurately. The interpretation of this data allows farmer to take effective decisions about the resource allocation in the farms. Yield monitoring plays a vital role in understanding the field variability based on parameters such as soil type and nutrient availability, and helps farmers in maximizing their yields. Yield monitoring provides farmers with the information on weather conditions, soil properties, and fertilizers; this impacts the overall grain production.

Crop Scouting

Crop scouting helps in examining the conditions of crops, which includes weed patches, insects, fungal infection, and crop tissue nutrients. Traditionally, crop scouting process used to be carried out by walking and taking measurements in the fields on a regular basis and making a report manually, which was a tedious job and used to consume a lot of time and human efforts. Nowadays, crop scouting involves the use of sophisticated devices such as a GPS receiver on a vehicle, which moves through the field gathering field-specific information on pests, crop injury, harvesting, and others. The collected information is presented in a form of a report, which is made available in real time for a farmer. This facilitates farmers to prepare valuation reports and analyze data trend, to monitor in-season field-specific observation, and also use these reports for future references. Crop scouting is an important tool for making timely decisions during the phases of harvesting, pre-seeding, on-seeding, and after-seeding.

Livestock Farming

Livestock monitoring using farm management software helps in gathering real-time information about animal health, feeding behavior, hygiene, location tracking, etc. to enhance the livestock management process, improve the productivity, and the quality of production. Livestock farming makes use of different devices including RFID, GPS, feeding systems, farm management systems, robotic milking machines, and other software technology solutions to improve the farm production. Livestock monitoring, on the basis of applications, has been segmented into feeding management, heat stress management, milk harvesting, reproduction management, animal comfort management, and behavior monitoring and control, among others.

Smart Greenhouse Farming

Smart greenhouse is a process of growing plants under controlled environments and is typically made of transparent materials such as glass or plastic to facilitate the entry of sunlight to allow photosynthesis. Greenhouse shelters facilitate the ideal growth of plants and protect them from external factors such as intense temperatures, severe rains, pest attacks, wind, dust particles, and sand. The production of plants in smart greenhouses is known as controlled environment agriculture (CEA). Greenhouses are generally built for growing perishable fruits, vegetables, and sometimes even flowers. Greenhouses make use of controlled systems to regulate internal conditions such as temperature, humidity levels, and light intensity and communication technologies to monitor the greenhouse parameters remotely. Smart greenhouse, on the basis of application, has been segmented into HVAC management, yield monitoring, and water and fertilizer management.

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The major vendors in the market include Deere & Company (US), Trimble (US), AgJunction (US), Raven Industries (US), AG Leader Technology (US), and SST Development Group (US). These players adopted various strategies such as new product developments, mergers, partnerships, collaborations, and expansions to cater to the needs of customers.

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