The Farm Management Software Market report offers the global market potential rates of the Farm Management Software market along with various product segments.
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The Farm Management Software Market based on agriculture type, delivery model, service provider, application, and geography. The farm management software market is facing a few restraints such as high initial capital investment and dearth of technical acumen.
The major challenges for the companies in the farm management software market are privacy and security concerns, and new and strategic partnerships.
The Farm Management Software Market containing 186 Pages, 31 Figures and 139 Table to deeply display the market analysis of global High Voltage Cables & Accessories market from 2017-2022. The latest and the newest trends of the High Voltage Cables & Accessories industry are included in this report.
Moreover, overall global market size, the market size by product segment, growth rates of the global market along with and different product segments of the market, and various product segments with their value and volumes evaluation are also included in the research report.
The farm management software market was valued at USD 748.0million in 2016 and is expected to reach USD 1,937.9million by 2023, at a CAGR of 14.12% between 2017 and 2023.
The increasing demand for fleet navigation and fish tracking services is the major driver for the high growth of farm management software market in fish farming. Fish farming has become a common practice to increase the income of practitioners and reduce the wage bill expended on fish importation.
Fish farming, on the basis of application, has been segmented into fish tracking and fleet navigation, feeding management, water quality management, and others.
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The market growth can be attributed to the increasing focus on farm efficiency, crop yield and productivity, strengthening of intellectual property rights over agricultural innovations, and increasing focus on monitoring livestock performance and health to increase farm efficiency that drives the growth of the farm management software market. Major restraining factors for the growth of farm management software market include the requirement of high initial capital investment and ad earth of technical acumen.
Cloud-based delivery model is expected to grow at the highest rate during 2017 and 2023.The major reason for the high growth of the said market is the increasing adoption of cloud-based delivery model owing to its optimized performance, effective energy utilization, and ease of access. The cloud-based delivery model provides shared processing of resources and data to users on demand.
The cloud-based model also provides on-demand and real-time availability, and access to the shared pool of data. In this model, users have more flexibility and access to data as they do not need any physical infrastructure for storing and processing the data.
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APAC is one of the prospective markets for farm management software solutions. The adoption rate of farm management software is expected to grow at a high rate in APAC as this region consists 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 that are driving the adoption of the farm management software market in APAC. Some of the major players in the farm management software market are Deere & Company (US), Trimble(US), Ag Junction (US), Raven Industries (US), AG Leader Technology (US), SST Development Group (US), DICKEY-john (US), Topcon Positioning Systems (US), and The Climate Corporation (US).
By Company Type: Tier 1 = 53 %, Tier 2 = 33%, and Tier 3 = 14%
By Designation: C-Level Executives = 45%, Directors = 35%, and Others = 20%
By Region: Americas = 37%, Europe = 34%, APAC = 20%, and RoW = 9%
This report covers the farm management software market based on agriculture type, delivery model, service provider, application, and geography. A detailed analysis of the key industry players has been done to provide insights into their business, products and services, and key strategies such as product launches, mergers and acquisitions, partnerships, agreements, and collaborations associated with the farm management software market.