Farm Management Software and Data Analytics Market Development Accelerated by Robotics and Drone Integration

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Farm Management Software and Data Analytics Market- By Solution (Software (On-Cloud Software, On-Premise Software), Platform-as-a-Service), By Application (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), Others), By Farm Produce (Cereals, Oil Crops, Fibre Crops, Pulses, Fruits, Vegetables, Tree Nuts, Roots and Tubers), Trends, Industry Competition Analysis, Revenue and Forecast To 2031."

According to the latest research by InsightAce Analytic, the global Farm Management Software and Data Analytics Market is valued at US$ 3.61 Bn in 2022, and it is expected to reach US$ 12.79 Bn by 2031, with a CAGR of 15.52% during a forecast period of 2023-2031.

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Farm management software and data analytics are increasingly recognized as essential tools in modern agriculture, offering efficient solutions for managing the extensive volumes of data generated across farming operations. These datasets encompass critical parameters such as soil composition, plant health, irrigation metrics, weather conditions, and temperature variations. By integrating advanced technological capabilities, farm management systems have reduced reliance on manual practices while significantly enhancing the ability to prevent crop losses and optimize overall productivity.

These digital platforms facilitate a wide array of agricultural functions, including crop planning, field scouting, real-time data analysis, yield forecasting, climate modeling, field mapping, irrigation management, and financial oversight of farm operations. Market expansion is being driven by rapid advancements in AI-powered agricultural technologies, the pressing need to improve crop yields, and supportive government initiatives that promote data-driven farming practices.

Growth momentum is further reinforced by ongoing developments in agricultural management platforms and increasing digital literacy among farmers, which are enhancing awareness of the operational and economic benefits of these solutions. Moreover, the COVID-19 pandemic highlighted vulnerabilities in traditional supply chains, emphasizing the importance of resilient, technology-enabled agricultural operations and stimulating investment in integrated, user-friendly farm management systems. These factors collectively point to sustained demand for advanced farm management software in the foreseeable future.

Some Major Key Players In The Farm Management Software and Data Analytics Market:
• 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
• DICKEY-john
• 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
• Other Prominent Players

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Market Dynamics
Drivers:
The growth of the farm management software and data analytics market is being driven by several strategic factors. Key among these is the increasing adoption of digital farm management platforms by agricultural producers, alongside ongoing advancements in AI-enabled agricultural technologies. The rising focus on enhancing crop yields, combined with supportive government initiatives promoting digital agriculture, further bolsters market expansion.

Additionally, the integration of robotics, drones, and IoT-based sensors into agricultural operations is accelerating the adoption of these technologies. Heightened farmer awareness of the benefits of digital data management, coupled with the growing demand for automation across agricultural processes, is also expected to play a pivotal role in driving market growth.

Challenges:
Despite positive market prospects, several challenges constrain widespread adoption. Concerns regarding data privacy and security, along with financial limitations affecting farmers' capacity to invest in digital solutions, remain significant barriers. High initial capital expenditures and uncertainties surrounding return on investment may deter uptake, particularly in regions where manual labor remains economically viable.

Limited implementation of precision farming techniques, smart greenhouse systems, and livestock monitoring solutions further restricts market growth. Moreover, farmers in developing regions often face restricted access to essential technologies, including yield monitoring tools, decision-support systems, and variable rate applications, which impedes adoption.

Regional Trends:
The Asia-Pacific region is anticipated to dominate the global farm management software and data analytics market over the forecast period, driven by strong governmental support for agricultural digitalization and the rapid deployment of advanced technologies such as AI, robotics, drones, and cloud-based platforms. Europe is also expected to experience substantial growth, fueled by increasing demand for productivity-enhancing solutions and the accelerated adoption of AI-driven agricultural innovations.

Recent Collaborations And Agreements In The Market:
• In March 2023, 365FarmNet and UNIFORM-Agri partnered to provide dairy farmers with advanced herd management software, forming a comprehensive digital solution for farm management. The collaboration represented a notable advancement for 365FarmNet in meeting the needs of professional dairy farmers who sought to efficiently oversee their entire farm using a single software solution.
• In Jan 2023, Cropin, an agricultural data business headquartered in India, secured $13.7 million in Series D funding. Google and JSR Corporation were new investors in the round. In addition, the investors ABC Impact and Chiratae Ventures were also involved. The funds were used for the expansion of Cropin Cloud, the platform that consolidated the company's diverse applications and services for the agricultural sector.
• In Dec 2022, Raven Industries introduced two self-governing agricultural solutions, namely the Driverless Tillage Solution and the Driver Assist Harvest Solution, during CNH Industrial's Tech Day event in Phoenix, Arizona, 2022. These solutions enhanced the brand's existing Raven AutonomyTM portfolio by offering extra assistance across all stages of the cash crop production cycle, hence increasing the accessibility of future autonomy solutions for customers in many seasons.

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Market Segments
Global Farm Management Software and Data Analytics Market, by Solutions, 2023-2031 (Value US$ Mn)
• Software
o On-Cloud Software
o On-Premise Software
• Platform-as-a-Service
Global Farm Management Software and Data Analytics Market, by Application, 2023-2031 (Value US$ Mn)
• Precision Crop Farming
o Yield Monitoring and Farm Mapping
o Crop Scouting
o Weather Tracking and Forecasting
o Irrigation Management
o Farm Economics
o Others
• Livestock Monitoring & Management
o Milk Harvesting
o Animal Health Monitoring and Comfort
o Feeding Management
o Heat Stress and Fertility Monitoring
o Others
• Indoor Farming
o HVAC Management
o Lighting Management
o Plant Development Monitoring
o Others
• Aquaculture
o Feed Management
o Aquatic Species Tracking and Navigation
o Water Quality Management
o Others
• Others
Global Farm Management Software and Data Analytics Market, by Farm Produce, 2023-2031 (Value US$ Mn)
• Cereals
• Oil Crops
• Fibre Crops
• Pulses
• Fruits
• Vegetables
• Tree Nuts
• Roots and Tubers
Global Farm Management Software and Data Analytics Market, by Region, 2023-2031 (Value US$ Mn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America Farm Management Software and Data Analytics Market, by Country, 2023-2031 (Value US$ Mn)
• U.S.
• Canada
Europe Farm Management Software and Data Analytics Market, by Country, 2023-2031 (Value US$ Mn)
• Germany
• UK
• France
• Italy
• Spain
• Rest of Europe
Asia Pacific Farm Management Software and Data Analytics Market, by Country, 2023-2031 (Value US$ Mn)
• India
• China
• Japan
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America Farm Management Software and Data Analytics Market, by Country, 2023-2031 (Value US$ Mn)
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa Farm Management Software and Data Analytics Market, by Country, 2023-2031 (Value US$ Mn)
• GCC Countries
• South Africa
• Rest of Middle East & Africa

Read Overview Report- https://www.insightaceanalytic.com/report/farm-management-software-and-data-analytics-market/2283

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This release was published on openPR.