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Research delivers insight into the farm management software market to grow at a CAGR of +13% by 2022

Research delivers insight into the farm management software market to grow at a CAGR of +13% by 2022

The major drivers for the farm management software market are increasing implementation of cloud computing in real-time farm data management, growing population and demand for food worldwide, governments’ support to adopt modern agricultural techniques, strengthening of intellectual property rights over agricultural innovations, and increasing focus on monitoring livestock performance and health to increase farm efficiency, among others. Farm management software market has different delivery models such as local/web and cloud based.

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The local/web-based delivery model includes software that is installed locally and can be considered as a static approach of using the software. A cloud-based delivery model is dynamic and includes software that can be used according to the customer requirements for data storage on the cloud; also, no physical infrastructure, such as servers and cables, is required for operating this model.The market is projected to grow at a CAGR of +13% by 2022 The Major players reported in the market include: Bartec Benke GmbH, Bob-White System, BouMatic, Dairymaster, DeLaval, Fullwood, GEA, Paul Mueller Company and Read Industrial Ltd

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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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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The farm management software market for the web-based delivery model is already popular among users due to its easy accessibility compared with cloud-based software, which is still at its nascent stage. Web-based software are simple agriculture and land management software that allows the efficient management of key aspects of farm operations such as land list, master data, and charts of accounts.

Web-based software is most preferred because it is secure and readily available on smartphones, tablets, or desktop computers.

The report would help the market leaders or new entrants in the following ways:

This report segments the overall market comprehensively and provides the closest approximations of the global farm management software market size and that of the sub segments across different applications and regions.

The report helps stakeholders to understand the pulse of the market and provides them the information on key drivers, restraints, challenges, and opportunities in the farm management software market.

This report would help stakeholders to better understand their competitors and gain more insights to enhance their position in the market. The competitive landscape section includes competitor ecosystem, new product developments, partnerships, and mergers and acquisitions in the farm management software market.

The Major players reported in the market include: Bartec Benke GmbH, Bob-White System, BouMatic, Dairymaster, DeLaval, Fullwood, GEA, Paul Mueller Company and Read Industrial Ltd

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