Yahoo Finance The global farm management software and data analytics market is expected to reach $5.26 billion by 2026, with a CAGR of 18.55% during the forecast period 2021-2026
The growth rate in the market is because of the increased average farm size in some regions of the world. Farm management software are primarily required to manage a large-scale farm to reduce human dependability and chances of crop failure.
New York, Dec. 02, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Farm Management Software and Data Analytics Market - A Global and Regional Analysis: Focus on Product, Application, and Country Analysis - Analysis and Forecast, 2020-2026" - https://www.reportlinker.com/p06187440/?utm_source=GNW
Another major driver toward the growth of farm management software and data analytics market is the increased government initiatives toward the upliftment of the market.
Market Segmentation
Global Farm Management Software and Data Analytics Market by Application
The global farm management software and data analytics market in the application segment is expected to be dominated by precision crop farming. High market share and growth potential associated with precision farming as an application for farm management software and data analytics is attributed to the wide range of use cases found under this farming type for agricultural software solutions.
Global Farm Management Software and Data Analytics Market by Product
The global farm management software and data analytics market in the product segment is expected to be dominated by software-based farm management solutions. The benefits of affordable pricing models, integration, scalability, and accessibility associated with software solutions are the major reasons behind the reported growth of this product offering.
Global Farm Management Software and Data Analytics Market by Region
North America generated the highest revenue of $498.95 million in 2020, which is attributed to the technological advancements in the North America region. In the region, government support along with technological advancement has helped in the growth of the market. Also, leading players in the farm management software and data analytics market are operating in the North America region, which gives a wide range of options to the growers purchasing farm management solutions. The region is expected to witness high growth of CAGR 17.47% during the forecast period 2021-2026.
Key Market Players and Competition Synopsis
365FarmNet, ABACO Group UK, Ag Leader Technology, AGCO Corporation, AgJunction, AGRIVI, Agroptima, Agworld Pty Ltd, BASF SE, Bushel Inc., CLAAS KGaA mbH, CNH Industrial N.V., CropIn Technology Solutions Private Limited, CropX Inc., Deere & Company, EFC Systems, Farmers Edge Inc., Granular, Inc., Hexagon Agriculture, IBM Corporation, Raven Industries Inc., SourceTrace, The Climate Corporation, Topcon, Trimble Inc.
Key players operating in the global farm management software and data analytics market analyzed and profiled in the study involve original equipment manufacturers (OEMs) that provide the required software for deployment in the agriculture industry. Moreover, a detailed competitive benchmarking of the players operating in the global farm management software and data analytics market has been done that will help the reader to understand how players stack against each other, presenting a clear market landscape.
Countries Covered
• North America
• U.S.
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Peru
• Rest-of-South America
• Europe
• Germany
• Netherlands
• France
• Spain
• Italy
• Poland
• Rest-of-Europe
• U.K.
• Middle East and Africa
• South Africa
• Saudi Arabia
• Rest-of-Middle East and Africa
• China
• Asia-Pacific
• Japan
• Australia
• India
• Rest-of-Asia-Pacific
Read the full report: https://www.reportlinker.com/p06187440/?utm_source=GNW
About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.
__________________________
CONTACT: Clare: clare@reportlinker.com US: (339)-368-6001 Intl: +1 339-368-6001
