Market overview & Analysis For Farm Management Software Market Report 2017-2022:Radiant Insights, Inc

Farm management software provides farmers a set of comprehensive solutions to make improved decisions, create operational plans, and manage production activities. It helps in recording production practices in real time, managing operations, and tracking costs and productivity of labor. Need to monitor farms constantly with remote sensing technologies in order to subdue the impact of disasters and natural calamities is anticipated to trigger the adoption of the software.

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Crop Farming to Command Large Share through 2022

Key applications of farm management software include crop farming and livestock farming. Crop farming will account for a substantial share through 2022. Rising focus on crop yield, productivity, and farm efficiency, owing to continuously proliferating demand for food, can supplement the growth of the segment. Growing implementation of modern and advanced farming techniques and subsequently increasing production and profitability are augmenting the demand for farm management software in crop farming. Governments are initiating policies and programs that help farmers use optimized agricultural and technological tools.

Livestock farming is projected to post healthy growth in the coming years. As a result, several software manufacturers are trying to increase their visibility in the livestock farming segment by introducing technologically advanced products. To put this in perspective, recently, Aglive developed a new software application, the AgliveIntegriPro software system, which is being offered free to producers of goats, cattle, and sheep. The software provides integrated solutions for managing livestock accreditations and collecting on-farm data.

Market Insights

Introduction of cloud-based models can provide an up thrust to the global farm management software market. Cloud technology enables real-time monitoring and data analysis, which enhances the efficiency of workflow during every farming cycle. Besides this, strengthening intellectual property rights over innovation in the field of agriculture, thanks to measures taken by governments, is encouraging the development of advanced farm management software. India, China, and other emerging economies in Southeast Asia are likely to witness phenomenal growth from 2017 to 2022. Presence of a large population base and favorable government measures are contributing to the growth of these regions.

Some of the prominent players in the market are SST Development Group, New Science Technologies, Trimble Navigation Ltd., The Climate Corp, and Deere & Co.

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