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Farm Management Software Market Worth 4.07 Billion USD by 2022, at a CAGR of 17.2%

[163 Pages Report] Farm Management Software Market categorizes global market by Farming Type (Crop & Livestock Farming), Services (Managed, Maintenance & Support), Delivery Model (On-Premise, Cloud-Based), Application, and Geography.

 

Pune, India -- (SBWIRE) -- 08/02/2016 -- The farm management software market is expected to grow from USD 1.14 Billion in 2015 to USD 4.07 Billion by 2022, at a CAGR of 17.2% between 2016 and 2022. Farm management software provides agricultural technology services to growers. Its applications include crop management, financial management, farm inventory, weather forecasting, and others. Farm management software has revolutionized the way agriculture was done before. This software provides insights for farming operations. The growth of information communication technologies (ICT) enabled the companies to reach their customers worldwide through this software. Farm management software represents the common data platform in the entire value chain of the agriculture industry, ranging from buying and selling of grains to maintaining farm records.

Browse 64 market data Tables and 57 Figures spread through 163 Pages and in-depth TOC on "Farm Management Software Market - Global Forecast to 2022"

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Market for cloud-based delivery model is expected to grow at a high rate during the forecast period

The market for cloud-based delivery model is expected to reach USD 2.71 Billion by 2022, growing at a CAGR of 25.3% between 2016 and 2022. This delivery model has increased the reach of the companies and provided them with a platform to extend their customer base. The advantages offered by cloud-based farm management solutions include optimized performance, effective energy utilization, and ease of access. Moreover companies using cloud-based delivery model offer their services in real time, and it is also an emerging area of investment for the companies. Several start-up companies are entering the market and using cloud-based delivery model to provide additional services such as farm analytics and reports.

Managed services are expected to lead the farm management software market by 2022

Managed services include farm operations, data services, and analytics. These services help in maintaining high-quality control standards in farm management software. This, in turn, helps to improve the yield productivity. The services can be related to providing sustainable farm management solutions, which include integration of software with hardware devices, consultation for analyzing the process outputs, and complete support for the software functioning and data management.

Americas holds the largest share of the farm management software market; APAC is expected to grow at the highest rate during the forecast period

The Americas holds the largest share of the global farm management software market. This can be attributed to the presence of a number of major farm management software providers in the region. In addition, the supportive government regulations play a major role in the growth of this market. The Americas is a major market for farm management software as this region has a high penetration of ICT technologies compared to other regions. Economy modernization initiatives in emerging countries and government support are the major factors contributing to the growth of the farm management software market in APAC. The presence of most populous countries such as India and China in APAC make the region a lucrative market as rapid urbanization in this region is likely to pave new growth avenues for the providers of farm management software.

Report Details : http://www.marketsandmarkets.com/Market-Reports/farm-management-software-market-217016636.html

The major companies in the farm management software market that are profiled in this report include:

AgJunction (U.S.)
SST Development Group, Inc. (U.S.)
The Climate Corp. (U.S.)
EFC Systems, Inc. (U.S.)
Iteris, Inc. (U.S.)
Deere & Co. (U.S)
Trimble Navigation Ltd. (U.S)
Granular, Inc. (U.S.)
Agrivi Ltd. (U.K.)
FarmerEdge (Canada)
New Science Technologies Ltd. (Cyprus)

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