Agriculture & Forestry Industry Market News

Global Farm Management Market to Grow Over $2.9 Billion by 2021

With the increase in the global population the demand for food has increased, also with the increase in the usage of chemical fertilizers, the contamination of arable lands and the risk to human health has risen. This combined with the increasing farm size and the reducing number of farms has led to the growth of the farm management software and services market.

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Considering the growing popularity of this market, BIS Research has published a report titled, “Global Farm Management Software and Services Market Estimation & Forecast  2017-2021” incorporating a comprehensive segmentation of the market into application type, service type, delivery model, and geography, and detailed analysis of the factors that are likely to influence and shape the market. The ongoing changes in the industry have led the study to incorporate a detailed chapter on the market dynamics including the key driving and restraining forces, along with the opportunities for the global farm management software and services market through the forecast period. The market numbers play an important role in the industry, following which a proper market sizing & estimation by application type, service type, distribution channel and by geographical location has been done for the industry. The market has also been cross segmented on the basis of application and services by delivery model, and geographical regions by application and service type.

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In spite of the intense competition, BIS Research has estimated that the industry will grow over $2,883.4 million by 2021 at a double digit CAGR through 2017-2021, with North America leading the market due to easy adaptability to developing technologies, increasing farm sizes, and the government initiatives to promote agriculture and farming. In addition to this, the primary concern of governments being the need to fulfill the growing demand for food has helped the farm management software and services market grow.

Additionally, having identified the potential for further development in the form of product launches and development, partnerships, collaborations, expansions, and joint ventures, among others, the report has included a separate section of detailed competitive insights. The recent activities by the key players in this market have also been tracked in the form of company profiles. Some of the key companies covered in the report are Trimble Navigation Limited, Iteris Inc., AgJunction, Ag Leader, Agrivi, Farmers Edge, AgJunction, Deere and Company, Conservis Corporation, Agrivi, and The Climate Corporation, among others.

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