Owing to the increase in global population which has led to an increased demand for food, the need to produce more food from the available farm lands has increased drastically.
Taking care of the environment by using minimal quantities of chemical fertilizers while ensuring better yields from the available farm areas has resulted in the growth of the global farm management software and services market, which is expected to grow at a CAGR of 17.6% through 2017 to 2022.
The report is a compilation of the different segments of global farm management software and services market, including market breakdown by application, service type, delivery models and geographical areas.
Herein the revenue generated from the applications, namely: record keeping, farm mapping, monitoring and forecasting, farm economics and others (inventory management and farm equipment maintenance) ; service type, namely: managed services (data services, analytics, farm operation services) and maintenance and support services; delivery models, namely: on-premise delivery model and cloud based delivery model, and geography, namely: North America, Europe, APAC and Rest of the World is tracked to calculate the overall market size.
The report also provides market numbers and analysis on cross segments which include delivery models by application and service type, and geographical regions by application and service types. While highlighting the key driving and restraining forces for this market, the report also provides a detailed summary of the farm management software and services market.
It also includes the key participants involved in the industry at the relevant sections.
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The global farm management software market is expected to be benefited by increasing demand for smart or precision farming over the forecast period. Farm management software is used for crop management and is implemented for the improvement of yield, growth, and development of agricultural crops.
Farm management deals with the environmental requirements, multi-functionality of agricultural enterprise, consumer requirements, traceability, and agricultural policies.
Planning, implementation, assessment, and optimization of tasks performed on farms are key operations executed by farm management software. For the improvement of the aforementioned purposes, management systems such as software architectures and database network structures have been introduced.
The farm management software provides generic functionalities for the service providers.
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