Farm Management Software and Data Analytics Market Size, Share & Trends Analysis by Solution (Software (On-Cloud Software, On-Premise Software), Platform-as-a-Service), By Application (Precision Crop Farming, Livestock Monitoring & Management, Indoor Farming, Aquaculture, Others), By Farm Produce, By Region, & by Segment Forecasts, 2024-2032

Farm Management Software and Data Analytics Market Segmentation

The farm management software & data analytics market is segmented into solutions, applications, farm produce, and region. By solutions, the market comprises software (on-cloud software, on-premise software) and platform-as-a-service. By applications, the market is grouped into precision crop farming (yield monitoring and farm mapping, crop scouting, weather tracking and forecasting, irrigation management, farm economics, others), livestock monitoring & management (milk harvesting, animal health monitoring and comfort, feeding management, heat stress and fertility monitoring, others), indoor farming (HVAC management, lighting management, plant development monitoring, others), aquaculture (feed management, aquatic species tracking and navigation, water quality management, others), and others. The farm produce segment is categorized into cereals, oil crops, fibre crops, pulses, fruits, vegetables, tree nuts, roots and tubers.

OnCloud Software Dominance: The oncloud software segment is expected to dominate the market throughout the forecast period due to its numerous benefits, such as optimization of farm operations, effective resource allocation, datadriven decisionmaking, increased crop planning, and improved inventory tracking.

Precision Crop Farming: Precision crop farming applications are anticipated to maintain a dominant position in the farm management software market. The rising population has led to higher food demand, prompting farmers to adopt smart farm software and precision farming techniques. These technologies help reduce costs and increase profits.

AsiaPacific Expansion: The AsiaPacific region is expected to witness the highest growth during the forecast period, driven by the rapid adoption of agricultural management applications, rising demand for process automation, technological advancements, and the presence of leading market players in the region.

Competitive Landscape

The farm management software and data analytics market are highly competitive, with several key players:

• 365FarmNet GmbH
• AgJunction
• AGCO Corporation
• Ag Leader Technology, Inc.
• Agrinavia
• Agroptima
• aWhere, Inc.
• BASF SECLAAS Group
• CNH Industrial N.V.
• CropIn Technology Solutions Pvt. Ltd
• CropX Inc.
• Deere & Company
• DICKEYjohn
• EFC Systems Limited
• Farmers Edge Inc.
• FarmLogs
• Granular Inc.
• Hexagon Agriculture
• IBM Corporation
• Iteris, Inc.
• Kubota Corporation
• Microsoft Corporation
• Raven Industries Inc.
• SourceTrace Systems
• SST Development Group Inc.
• The Climate Corporation (A Bayer AG Company)
• Topcon Corporation
• Trimble Inc.
• Afimilk Ltd.
• AgriWebb
• BouMatic LLC
• Connecterra B.V.
• Dairymaster
• DeLaval
• Evonik Industries AG
• Fullwood Packo
• GEA Group
• ISAGRI
• Lely S.a.r.l.
• Valley Agricultural Software
• Artemis
• Infarm Indoor Urban Farming Gmbh
• Lettus Grow Ltd.
• MotorLeaf Inc.
• Tenacious Solutions Ltd
• Aquabyte
• Aquanetix Ltd
• Chetu Inc.
• Eruvaka Technologies
• XpertSea

Recent Developments

March 2023: 365FarmNet and UNIFORMAgri partnered to provide dairy farmers with advanced herd management software, creating a comprehensive digital solution for farm management.

January 2023: Cropin, an agricultural data business based in India, secured $13.7 million in Series D funding. The funds were used to expand Cropin Cloud, the platform consolidating the company’s applications and services for the agricultural sector.

In September 2023, Trimble Inc. disclosed a definitive agreement to establish a joint venture with AGCO, aiming to enhance support for farmers in the mixed fleet precision agriculture market through factory-fitted and aftermarket applications. Together, Trimble and AGCO share the vision of creating a global leader in smart farming and autonomy solutions for mixed fleets.

In June 2023, TOPCON CORPORATION introduced significant advancements to its cloud-based software platform, TAP FEED management, catering to dairy and beef operations. The platform now offers several options, including the free TAP FEED App and subscription-based choices like TAP FEED Lite and TAP FEED Pro, designed specifically for dairy producers. Additionally, Topcon Agriculture has unveiled the TAP FEED Advisor customer management tool, tailored for feed advisors, consultants, and nutritionists.

In August 2023, Raven Industries indeed stands out as a frontrunner in the realm of agricultural technology, consistently demonstrating its dedication to advancing farming practices through innovative solutions. By forging strategic partnerships and leveraging its expertise in innovation, Raven not only enhances its own offerings but also contributes to the overall efficiency and productivity of the agricultural sector.

Key Growth Drivers

Several factors are driving the growth of the farm management software and data analytics market:

• Government Initiatives: Increasing government efforts to improve farm data management systems are a significant growth driver. These initiatives aim to enhance agricultural productivity and sustainability.

• Rising Demand for Crop Productivity: There is a growing demand for increasing crop yields to meet the food requirements of a growing population.

• Technological Advancements: Advances in agricultural technologies, such as precision farming tools, are revolutionizing the agriculture sector.

• Integration of Computer Technologies: The increasing integration of computer technologies into agriculture is streamlining operations and improving efficiency.

• Awareness of Software Benefits: Growing awareness among farmers about the benefits of farm management software, such as optimized farm operations and data driven decision making, is propelling market growth.

However, challenges like the lack of security and consistency of farm data could limit market growth during the projected period.

Farm Management Software and Data Analytics Regional Analysis

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The Asia Pacific region is projected to grow at the highest CAGR during the forecast period.

Technological adoption in a variety of sectors is on the rise in the Asia Pacific region, and agriculture is no different. This increase is mostly due to advanced solutions becoming more widely available and more reasonably priced. In order to improve the efficacy and efficiency of their operations, farmers are consequently more likely to adopt precision farming techniques and invest in state-of-the-art software. In addition, governments in the Asia-Pacific area are actively pushing for the use of precision farming. To encourage farmers to incorporate precision farming practices into their operations, they do this by putting supportive policies into place, providing subsidies, and starting a number of initiatives. The adoption of farm management software is greatly aided by these government initiatives, which motivate farmers to use technology to increase productivity, optimize resource use, and promote sustainable farming methods.

Segments Covered in the Farm Management Software and Data Analytics Market

The farm management software and data analytics market are segmented into solutions, applications, farm produce, and regions.

By Solutions:

Software

• OnCloud Software
• OnPremise Software
• PlatformasaService

By Applications:

Precision Crop Farming

• Yield Monitoring and Farm Mapping
• Crop Scouting
• Weather Tracking and Forecasting
• Irrigation Management
• Farm Economics
• Others

Livestock Monitoring & Management

• Milk Harvesting
• Animal Health Monitoring and Comfort
• Feeding Management
• Heat Stress and Fertility Monitoring
• Others

Indoor Farming

• HVAC Management
• Lighting Management
• Plant Development Monitoring
• Others

Aquaculture

• Feed Management
• Aquatic Species Tracking and Navigation
• Water Quality Management
• Others

By Farm Produce:

• Cereals
• Oil Crops
• Fibre Crops
• Pulses
• Fruits
• Vegetables
• Tree Nuts
• Roots and Tubers

By Region:

North America

• S.
• Canada

Europe

• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe

Asia Pacific

• India
• China
• Japan
• South Korea
• Australia & New Zealand

Latin America

• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa

• GCC Countries
• South Africa
• Rest of Middle East & Africa