Description
The
goal of this report is to characterize, portray, and estimate the market on the
premise of sort, application, therapeutic condition, and area. It gives
point-by-point data with respect to the main considerations influencing the
development of the market. This report likewise tracks and examines aggressive
improvements of the key players regarding market advancements, item portfolios,
and financials
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The
global farm management software market size is anticipated to reach USD 4.22
billion by 2025, according to a new report by Grand View Research, Inc.,
expanding at a CAGR of 16.7% during the forecast period. The perpetual shortage
of water along with growing population in developing countries is compelling
governments to seek different ways of increasing food production
A
shift from inefficient traditional agricultural methods to modern agricultural
practices would help cope with sustainability challenges in the agriculture
industry, which is expected to positively influence the farm management
software market over the forecast period
Increasing
awareness regarding benefits of organic foods and their subsequently growing
consumption are fueling the demand for higher agricultural output. As a result,
industry players are investing in R&D activities to develop effective and
efficient drones for enhancing productivity. The Food and Agriculture
Organization (FAO) estimated a 60% increase in the demand for agricultural
products by 2050, representing an approximate increase by 1% per year, as the
global population is likely to reach 9 billion by 2050. Furthermore, growing
middle-class population in emerging countries is poised to stoke the demand for
agricultural products such as vegetables and fruits. Moreover, increasing
uptake of healthier food is boosting the demand for market
Increasing
focus of farmers on crop yield, productivity, and farm efficiency is projected
to provide a fillip to the market over the forecast period. Advancements in
technologies such as cloud computing and Internet of Things (IoT) are
anticipated to promote the usage of big data, artificial intelligence, and
robots in farming. Big data plays an essential role in providing predictive insights
in agriculture, redesigning business process, and making real-time operational
decisions for altering business models
Global
IT companies such as IBM are offering software solutions and big data analytics
for precision farming techniques. On the other hand, startups are moving
upstream in the value chain and extending their offerings to insurance and
advisory services. The value chain of the farm management software market
includes suppliers, agricultural OEMs, integrators & service providers, and
customers
Further
key findings from the report suggest:
•
The emergence of big data, mobile computing, and advanced sensing technology,
which supports software are shaping the farm management software market
•
The cloud-based deployment model is expected to witness the most promising
growth, registering a CAGR of 19.5% over the projected period
•
The data, which is collected through sensors and drones, is visualized through
platforms developed by service providers
•
The managed services segment dominated the market in 2016. Managed services are
similar to third party or outsourced services. Most growers adopt managed
service providers for drone services as collection of data using drones
requires special assistance
•
The North American market dominated the market and was valued at USD 492.7
million in 2016
•
Some of the key players in the market are DeLaval International AB; CropMetrics
LLC; Granular, Inc.; DICKEY-john Corporation; Gamaya; and Raven Industries
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Full Report at - https://www.radiantinsights.com/research/farm-management-software-market
This
report is a total investigation of ebb and flow inclines in the market,
business development drivers, and restrictions. It gives showcase projections
to the coming years. It incorporates investigation of late advancements in
innovation, Doorman's five power demonstrate examination and point by point
profiles of best industry players. The report additionally incorporates a
survey of miniaturized scale and large-scale factors fundamental for the
current market players and new participants alongside nitty gritty esteem chain
examination
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