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Pulished Date October, 2019
ID: 8781
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Farm Management Software Market by Agriculture Type (Precision Farming, Livestock Monitoring, Fish Farming, Smart Greenhouse Farming), Delivery Model (Web Based, Cloud Based), Service Provider (System Integrators, Managed Service Providers, Assisted Professional Service Providers, Connectivity Service Providers, Maintenance, Upgradation, & Support Service Providers), Application (Precision Farming, Livestock Monitoring, Fish Farming, Smart Greenhouse Farming, Others) & Region- Analysis, Size, Growth, Investment and Forecasts (2019-2024)

Pulished: October, 2019
ID: 8781
Pages: 175

MARKET OVERVIEW:

Farm management software is used to boost the production, development and growth of crops. Other uses of farm management software include tax management, cost accounting, livestock management, profit center analysis, and financial management. When all these forms of data are restored, farmers will benefit from a good return on investment and will also be able to manage their money economically.

MARKET VALUE AND EXPECTED GROWTH:

Farm Management Software Market is currently valued 750 Million USD in 2019. The market is expected to grow at a CAGR of 13.8% over the forecast period to reach a valuation of 1845 Million USD in 2024.

GEOGRAPHICAL ANALYSIS:

North America is the largest market as the adoption rate of farm management software by the farmers in this region is high. The demand for farm management software in APAC is expected to grow at the highest rate between 2019 and 2024. The rate of adoption of farm management software is expected to increase at a high rate in APAC, as this region is made up of emerging countries such as India, China and Southeast Asian countries. Rapidly increasing population, availability of arable farms, and government support through subsidies are the factors driving the market uptake in APAC.

MARKET DRIVERS, RESTRAINTS AND OPPORTUNITIES:

Major factors which have helped drive the Farm Management Software Market forward are-

  • Farm management software is applied on a wide scale in order to satisfy the increasing demand for food and to prevent food wastage.
  • The Government of the different regions is taking initiatives and is also investing in the production of farm management software, thereby boosting market growth.
  • The use of technology has improved agricultural techniques that, in effect, have increased yields, which lead to increased use among farmers.
  • The increasing adoption of cloud computing in smart farming techniques has given rise to market growth.
  • Managed services include analysis, farm operations and data services. These services help to maintain the quality standards of farm management software, thus improving crop production.

The factors holding the Farm Management Software Market back include-

  • There are some factors that hinder market growth, including lack of technical awareness among farmers and poor internet connectivity.
  • High capital investment required to implement such technologies is expected to reduce the growth of the industry
  • The adoption of farm management software is growing every year, with farmers ' needs moving towards high productivity and return on investment. This has prompted many start-ups to enter the market, making it a competitive market.
  • The implementation of IP rights increases the profit margins of technology enablers, attracts a number of companies in the industry and boosts the market for farm management software.
  • Advances in technologies such as cloud computing and the Internet of Things (IoT) are expected to promote the use of big data, artificial intelligence, and robots in agriculture. Big data plays a key role in providing predictive insights into agriculture, redesigning the business process, and making real-time operational decisions to change business models.

MARKET SEGMENTATION

  1. Farm Management Software Market by Agriculture Type
  • Precision Farming
  • Livestock Monitoring
  • Fish Farming
  • Smart Greenhouse Farming
  1. Farm Management Software Market by Delivery Model
  • Web Based
  • Cloud Based
  1. Farm Management Software Market by Service Provider
  • System Integrators
  • Managed Service Providers
  • Assisted Professional Service Providers
  • Connectivity Service Providers
  • Maintenance, Upgradation, & Support Service Providers
  1. Farm Management Software Market by Application
  2. Farm Management Software Market by Region
  • North America
  • Europe
  • Asia-Pacific
  • Middle East and Africa
  • Latin America

KEY MARKET PLAYERS:

The Farm Management Software Market includes manufacturers and resellers such as Deere & Company (US), The Climate Corporation (US), Trimble (US), AgJunction (US), Conservis (US), AG Leader Technology (US), Raven Industries (US), SST Development Group (US), DICKEY-john (US), Topcon Positioning Systems (US), Iteris (US), DeLaval (US), BouMatic (US), FARMERS EDGE (Canada), GEA Group (Germany)

RESEARCH METHODOLOGY:

The research done takes place in two phases namely-

Secondary Research The first phase of the research process is an extensive secondary research and identification of the related intelligence. Secondary data is compiled from various sources. An extensive secondary research helps in generating hypothesis and identifying critical areas of interest that are investigated through primary research.

Primary Research This entails conducting hundreds of primary interviews with industry participants and commentators in order to validate the data points obtained from secondary research and to fill the data gaps. A primary interview provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc. It also helps in deciding the scope and deliverables of the study in terms of the requirement of the market. Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies.

Research Report Key Highlights:

  • Current and future market perspectives for Farm Management Software Market in developed and emerging markets.
  • Analyze different market perspectives using the analysis of five Porter forces
  • The segment that is expected to dominate the market.
  • Regions that are expected to grow faster during the forecast period.
  • Identify the latest developments, market shares, and strategies of key market participants.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 Type                              

                                5.1.1 Introduction           

                                5.1.2 Precision Farming 

                                5.1.3 Livestock Monitoring          

                                5.1.4 Fish Farming           

                                5.1.5 Smart Greenhouse Farming            

                                5.1.6 Y-o-Y Growth Analysis, By Type     

                                5.1.7 Market Attractiveness Analysis, By Type   

                                5.1.8 Market Share Analysis, By Type     

                5.2 Delivery Model                         

                                5.2.1 Introduction           

                                5.2.2 Web Based             

                                5.2.3 Cloud Based           

                                5.2.4 Y-o-Y Growth Analysis, By Delivery Model

                                5.2.5 Market Attractiveness Analysis, By Delivery Model              

                                5.2.6 Market Share Analysis, By Delivery Model

                5.3 Service Provider                       

                                5.3.1 Introduction           

                                5.3.2 System Integrators              

                                5.3.3 Managed Service Providers             

                                5.3.4 Assisted Professional Service Providers     

                                5.3.5 Connectivity Service Providers       

                                5.3.6 Maintenance, Upgradation, & Support Service Providers   

                                5.3.7 Y-o-Y Growth Analysis, By Service Providers            

                                5.3.8 Market Attractiveness Analysis, By Service Provider            

                                5.3.9 Market Share Analysis, By Service Provider              

                5.4 Application                 

                                5.4.1 Introduction           

                                5.4.2 Y-o-Y Growth Analysis, By Application         

                                5.4.3 Market Attractiveness Analysis, By Application       

                                5.4.4 Market Share Analysis, By Application        

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Type

                                                6.1.3.3 By Delivery Mode

                                                6.1.3.4 By Service Provider

                                                6.1.3.5 By Application

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Type

                                                6.1.4.3 By Delivery Mode

                                                6.1.4.4 By Service Provider

                                                6.1.4.5 By Application

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Type

                                                6.1.5.3 By Delivery Model

                                                6.1.5.4 By Service Provider

                                                6.1.5.5 By Application

                6.2 North America                          

                                6.1.1 Introduction           

                                6.1.2 United States         

                                6.1.3 Canada     

                6.3 Europe                         

                                6.2.1 Introduction           

                                6.2.2 U.K             

                                6.2.3 Spain         

                                6.2.4 Germany 

                                6.2.5 Italy            

                                6.2.6 France       

                6.4 Asia-Pacific                 

                                6.3.1 Introduction           

                                6.3.2 China         

                                6.3.3 India          

                                6.3.4 Japan         

                                6.3.5 Australia   

                                6.3.6 South Korea           

                6.5 Latin America                             

                                6.4.1 Introduction           

                                6.4.2 Brazil          

                                6.4.3 Argentina

                                6.4.4 Mexico     

                                6.4.5 Rest of Latin America          

                6.6 Middle East & Africa               

                                6.5.1 Introduction           

                                6.5.2 Middle-East            

                                6.5.3 Africa         

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8. Market Leaders' Analysis                                        

                8.1 Deere & Company                   

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 The Climate Corporation                       

                8.3 Trimble                         

                8.4 AgJunction                  

                8.5 Conservis                    

                8.6 AG Leader Technology                          

                8.7 Raven Industries                      

                8.8 SST Development Group                      

                8.9 Topcon Positioning Systems                                

                8.10 GEA Group                               

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10. Market Outlook and Investment Opportunities                                         

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  • Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Farm Management Software Market By Region, From 2019-2024 ( USD Million )
  2. Global Farm Management Software Market By Agriculture Type, From 2019-2024 ( USD Million )
  3. Global Precision Farming Market By Region, From 2019-2024 ( USD Million )
  4. Global Livestock Monitoring Market By Region, From 2019-2024 ( USD Million )
  5. Global Fish Farming Market By Region, From 2019-2024 ( USD Million )
  6. Global Smart Greenhouse Farming Market By Region, From 2019-2024 ( USD Million )
  7. Global Farm Management Software Market By Delivery Model, From 2019-2024 ( USD Million )
  8. Global Web Based Market By Region, From 2019-2024 ( USD Million )
  9. Global Cloud Based Market By Region, From 2019-2024 ( USD Million )
  10. Global Farm Management Software Market By Service Provider, From 2019-2024 ( USD Million )
  11. Global System Integrators Market By Region, From 2019-2024 ( USD Million )
  12. Global Managed Service Providers Market By Region, From 2019-2024 ( USD Million )
  13. Global Assisted Professional Service Providers Market By Region, From 2019-2024 ( USD Million )
  14. Global Connectivity Service Providers Market By Region, From 2019-2024 ( USD Million )
  15. Global Maintenance, Upgradation and Support Service Providers Market By Region, From 2019-2024 ( USD Million )
  16. Global Farm Management Software Market By Application, From 2019-2024 ( USD Million )

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