The global Farm Management Software and Services Market is forecasted to reach USD 3.24 Billion by 2027, according to a new report by Reports and Data. The rising trend of remote sensing technologies for consistent monitoring is propelling the market demand. The constant vigil provides farmers with real-time weather information and also enables them to reduce the impact of natural calamities. The proliferation of advanced technologies is driving market demand. Moreover, the adoption of virtual fences to separate paddocks while grazing is also encouraging market growth. As the maintenance of fences is getting expensive, the deployment of virtual fences is gaining traction.
The growing penetration of smartphones and high-speed internet is also driving the demand. Market players are leveraging high-speed internet to provide these advanced technologies to farmers, especially in Asian nations, such as India, China, Japan, and South Korea. However, the high capital required to deploy these technologies will restrain the market demand. Moreover, lack of technical expertise will also hinder the market growth.
North America has the highest adoption rate as farmers have enough capital to invest in modern equipment, and the region is quick in adopting the latest technologies. Moreover, companies like Deere Company are providing software to aid farmers in controlling the tractors and farm equipment.
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The report is also inclusive of the financial scenario of the leading companies such as profitmargins, revenue contribution, growth rate, sales volume, manufacturing and production costs, and other key statistics. The report offers a thorough analysis of the financial standing, global position, product portfolio and business expansion plans. The report also provides SWOT analysis and Porter’s Five Forces analysis for each market player.
Key companies operating in the market include:
Deere Company, Trimble, Ag Junction, Raven Industries, Iteris, Ag Leader Technology, DeLaval, DICKEY-john, Topcon Positioning Systems, BouMatic.
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The report focuses on evaluation of the given market in major regions and the countries included in those regions. The report provides details of the market considering the geographical landscape that includes North America, Latin America, Asia Pacific, Europe, and the Middle East Africa.The report covers assessment of revenue estimations and shares, current market value, future market valuation, market share, revenue growth and market size in each region. It studies production and consumption patterns, import/export, supply and demand ratio, consumer behavior shift, current and emerging trends, and initiatives taken by the key players in each major region.
- North America (U.S.A., Canada)
- Europe (U.K., Italy, Germany, France, Rest of Europe)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Agriculture Type Outlook (Revenue, USD Billion; 2017-2027)
- Precision Farming
- Livestock Farming
- Fish Farming
- Smart Greenhouse Farming
- Other
Service Provider Outlook (Revenue, USD Billion; 2017-2027)
- System Integrators
- Managed Services
- Assisted Professional Services
- Connectivity Services
- Maintenance, Upgradations, and Support Services
Delivery Model Outlook (Revenue, USD Billion; 2017-2027)
- Local/Web-Based
- Cloud-Based
Application Outlook (Revenue, USD Billion; 2017-2027)
- Precision Farming Application
- Livestock Farming Application
- Fish Farming Application
- Smart Greenhouse Farming Application
- Other Application
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Key Features of the Farm Management Software and Services Market Report:
- A comprehensive 8 year forecast of the market and its expected growth rate and trends
- Analysis of key market drivers and restraining factors
- Comprehensive analysis of the key regions of the industry and provides SWOT analysis and Porter’s Five Forces analysis to impart a deeper understanding of the market
- Helps in formulating strategic business decisions and investments plans
- Strategic recommendations to the established companies and new entrants
- Statistical data organized into tables, charts, graphs, diagrams, and info graphics
- Includes complete coverage of recent RD advancements, product launches, and mergers and acquisitions, among others
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