Global Farm Management Software Market: Overview
The farm management software is used to enhance the production, development, and the growth of the crops. The other uses of the farm management software are it helps in managing the tax, cost accounting, livestock management, profit center analysis, and financial management. When all these types of information are restored the farmers get benefitted as they get good returns on the investments and they can also manage their money economically.
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Global Farm Management Software Market: Segmentation
The global farm management market is segmented into its farming type, service, application, and delivery model. On the basis of the farming type, the global market is segregated into livestock farming and crop farming. Based on the service, the market is categorized into maintenance & support and managed services. On the basis of the application, the market is divided into farm mapping, farm economics, record keeping, monitoring, resource & inventory management, and others. Depending on the delivery model, the market is bifurcated into cloud based and on-premise.
Global Farm Management Software Market: Growth Factors
The key factor that is driving the farm management market is the improvement in the internet connectivity across the globe. In order to meet the increasing demand for the food and to avoid the wastage of the food the farm management software is implemented on a large scale. The government of different regions is taking initiatives and are also making investments in the development of the farm management software, thus boosting the market growth. The use of the software has improved the agricultural techniques which in turn have increased the yields, which is contributing to its increased usage among the farmers. The growing adoption of the cloud computing in the smart farming techniques has triggered the market growth. Managed services include analytics, farm operations, and data services. These services help to maintain the quality standards of the farm management software, thus improving the production of the crops. There are some factors that are restraining the market growth which include the lack of technical knowledge in the farmers and the poor internet connectivity.
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Global Farm Management Software Market: Regional Analysis
Region-wise, the farm management software market is diversified into Asia-Pacific, Europe, North America, and Rest of the World. The region that dominates the farm management software market is the North America. The factor that attributes this growth is the presence of the key providers of the farm management software. The supportive regulations implemented by the government also play a major role in the market growth. The North America is followed by Asia-Pacific region. The economy modernization and the government support are the factors that are driving the market growth in the Asia-Pacific region.
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Global Farm Management Software Market: Competitive Players
The key market players in the farm management software market include SST Development Group, Inc., EFC Systems, Inc., Deere & Co., Granular, Inc., FarmerEdge, AgJunction, The Climate Corp., Iteris, Inc., Trimble Navigation Ltd., Agrivi Ltd., and New Science Technologies Ltd.
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