Farm Management Software and Service Market Trend Evaluation & Future Forecast during the Period 2014-2024
According to a
recent report published by Fast Market Research titled, Global Farm Management Software and
Services Market 2018: Market
Size, Market Volume, Trends, Opportunity, Forecast 2014-2024, the global
farm management software and services market accounted for USD XX Million in
2018 and is estimated to reach USD 2,182.9 Million by 2024. Moreover, it is
anticipated to flourish at a CAGR of 16.8% during the forecast period i.e.
2019-2024.
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Report@ https://www.fastmr.com/request-s/43
The global farm
management software and services market has been segmented based on deployment
type, agriculture type, service type and application. Based on the deployment
type, this market has been segmented into cloud based and on-premise.
On-premise farm management software and services segment is anticipated to
witness significant growth during the forecast period. Further, factors such as
growing interest of commercial farmers is anticipated to positively impact the
growth of the market.
In agriculture
segment, precision farming market captured significant share of overall market
in 2018. Addition to that, global farm management software and services market
by agriculture has been segmented into precision farming, livestock monitoring,
fish farming and smart greenhouse farming.
Rising Demand
for More Foods and Agricultural Products
Population and
income growth continue to increase the demand for food. Further, agricultural
production growth is witnessing some serious challenges such as increased
scarcity and lower quality of land and water resources. To address these
challenges, various farmers are adopting advance farming technologies.
Moreover, government initiatives to promote advance farming and agriculture is
expected to foster the growth of global farm management software and services
market.
Promising use in
Livestock Farming
Increasing use of
virtual fences for livestock monitoring is believed to intensify the growth of
global farm management software and services market. Installation of physical
fences and maintenance usually incur high cost. However, virtual fencing uses
set of sensors and meshing network which allows farmer to set the location of a
farm. Growing usage of farm management software and services is one of the key
trends in farm management software and services market.
Regional
Outlook:
In terms of
geography, the farm management software and services market is segregated into
North America, Europe, Asia Pacific, Middle East & Africa, and Latin
America. North America accounted for the major share of the global farm
management software and services market. Moreover, Europe farm management software
and services market is expected to showcase lucrative growth in the upcoming
years. U.S., Germany and China are some of the major countries witnessing the
augmenting demand for farm management software and services market.
Competitive
Landscape:
The report also
covers detailed competitive analysis of major market players of the global farm
management software and services market, such as Deere & Company, Trimble
Inc, AG Junction, Raven Industries, Inc., Iteris, Inc., AG Leader Technology
Inc, Dickey-John Corporation, Proagrica, Topcon Positioning Systems, Inc. and
other key & niche players. The farm management software and services market
is witnessing a wide range of industry activities such as product launch,
acquisition, mergers, and expansion across the globe.
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Report With TOC@ https://www.fastmr.com/report/43/farm-management-software-and-service-market
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FAST.MR
150 State Street, Albany,
New York, USA 12207
+1 (514) 300-1215
Email: sales@fastmr.com
Website: www.fastmr.com
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