The report suggests that the market is expected to grow at a CAGR of 15.39% between 2022-2027
BIS Research, the global leader in providing market intelligence on deep technologies, has released its latest study titled Farm Management Software and Data Analytics Market – A Global and Regional Analysis.
According to this study, the global farm management software and data analytics market was valued at $3.56 billion in 2022 and is projected to reach $7.28 billion by 2027, growing at a staggering CAGR of 15.39%.
The following factors are responsible for the increase in demand for farm management software and data analytics:
- Increasing demand for food
- Need to reduce crop losses
- Decreasing workforce availability
- Need for automation and mechanization
- Increased government support
The detailed study is a compilation of 271 market data tables and 35 figures spread through 378 pages.
Check out the detailed table of content here:
Analyst’s Take on the Market Projection
According to Debraj Chakraborty, Principal Analyst, BIS Research, “Farm management software adoption is higher in developed countries due to factors such as technology availability, high-speed internet access, and technological literacy among farmers. In contrast, adoption rates are lower in developing countries, particularly in rural areas with limited technology and internet connectivity. Efforts are being made to increase adoption rates in developing countries through programs and initiatives aimed at improving agricultural productivity and sustainability.”
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Major Existing Industry Leaders in the Global Farm Management Software and Data Analytics Market
The companies that are profiled have been selected based on input gathered from primary experts and analyzing company coverage, product portfolio, and market penetration. Some of the established names in the market are:
- AGCO Corporation
- Ag Leader Technology
- Amazon Web Services, Inc.
- BASF SE
- Climate LLC
- CNH Industrial N.V.
- Deere & Company
- Granular Inc.
- Hexagon Agriculture
- IBM Corporation
- Kubota Corporation
- Microsoft Corporation
- PrecisionHawk, Inc.
- Syngenta AG
- Trimble Inc.
- Yara International ASA
- Terraview Pte. Ltd.
- Vinelytics LLC
Recent Developments in the Global Farm Management Software and Data Analytics Market
- In September 2022, AGRIVI partnered with Genome Technologies. This partnership aimed to provide premium digital agriculture solutions to East African countries, mainly in Kenya. This would strengthen its presence in the East Africa region.
- In May 2022, JCA Industries, a leader in developing autonomous software for agricultural machines, implementing controls, and electronic system components, was acquired by AGCO Corporation.
- In May 2022, EOS Data Analytics uses AWS solutions to enhance AI-powered satellite imagery analytics for crop monitoring and near-real-time farm management.
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About BIS Research:
BIS Research is a global B2B market intelligence and advisory firm focusing on deep technology and related emerging trends which can disrupt the market dynamics in the near future. We publish more than 200 market intelligence studies annually that focus on several deep technology verticals.
Our strategic market analysis emphasizes on market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters useful in the strategic decision-making for senior management.
BIS Research offers syndicate as well as custom studies and expert consultations to firms, providing them with specific and actionable insights on novel technology markets, business models, and competitive landscapes.
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