According to the recent study the farm management software market is projected to reach an estimated $XX billion by 2028 from $XX billion in 2023, at a CAGR of 12% to 14% from 2023 to 2028. Growth in this market is primarily driven by growing application of artificial intelligence and machine learning for real-time farm data management and increasing use of virtual fences, government support to encourage modern agricultural techniques, and the trend of combining remote sensing technologies with continuous monitoring solutions is boosting the demand for farm management software (FMS).
Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in farm management software market by offering (on-cloud, on-premise, and data analytics services), application (fish farming, smart greenhouse, precision farming, livestock monitoring, and others), farm size (large, medium, and small), farm production planning (production planning, pre- production planning, and post- production planning), and region (North America, Europe, Asia Pacific, and the Rest of the World)
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“Data analytics services market is expected to remain the largest segment during the forecast period.”
Based on offering, the farm management software market is segmented into on-cloud, on-premise, and data analytics services. Lucintel forecasts that the data analytics services market is expected to remain the largest segment due to the increasing need for real time data management through cloud computing and rising demand for agriculture management software to maintain farm efficiencies.
“Within the farm management software market, the precision farming segment is expected to remain the largest application”
Based on application the precision farming segment is expected to witness the highest growth over the forecast period due to the increasing use of new technologies and advanced precision farming devices.
“Asia pacific will dominate the farm management software market in near future”
APAC will remain the largest region due to the growing demand for agriculture products with rising population leading towards rising adoption of farm management software solutions and advanced technologies by farmers in the region.
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Major players of farm management software market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Deere & Company, Trimble, Inc, Agjunction, Inc., Raven Industries, Inc., Iteris, Inc, AG Leader Technology, and Dickey-John Corporation are among the major farm management software providers.
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