Farm Management Software Market by Offerings (Software, Services), Application (Precision Farming, Aquaculture, Livestock Monitoring, Smart Greenhouse), Farm Size, End User, and Geography - Global Forecast to 2030

The Farm Management Software Market to reach $10.5 billion by 2030, at a CAGR of 25.4% from 2024 to 2030. 

The growth of this market is attributed to the increasing adoption of connectivity in agriculture, increasing adoption of farm management for improving yields, environmental factors such as climate change and water shortage driving the adoption of farm management software, and government initiatives to drive the adoption of farm management software driving market growth. In addition, the adoption of new business models by agritech companies, making farm management software affordable for farmers, and the emerging need for AI in agriculture are expected to offer significant opportunities for the growth of this market.

However, the lack of access to financial solutions for farmers hampers the growth of this market. In addition, the fragmented and unorganized agriculture ecosystem in developing countries is a major challenge to the growth of this market.

Environmental Factors Such as Climate Change and Water Shortage Driving Adoption of Farm Management Software During the Forecast Period

Environmental factors, particularly climate change and water shortage, are exerting mounting pressure on global agriculture, compelling farmers to seek innovative solutions for sustainable and efficient practices. Farm management software is emerging as a critical tool to address these challenges, and its adoption is on the rise.

Climate Change Impacts: Increasingly erratic weather patterns, temperature fluctuations, and extreme weather events due to climate change have disrupted traditional farming practices. To adapt, farmers are turning to farm management software equipped with real-time weather data and predictive analytics. For example, in 2019, the Climate Corporation, a subsidiary of Bayer, deployed its Climate FieldView software in the United States. This software provided farmers with weather data, soil information, and field health imagery, helping them make data-informed decisions on planting, irrigation, and harvesting. The capital invested in the Climate FieldView initiative was substantial, with millions of dollars allocated to data collection, software development, and infrastructure.

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Water Shortage Challenges: Water scarcity is a growing concern in agriculture as sustainable water management becomes imperative. Farm management software plays a pivotal role in optimizing irrigation practices to conserve water resources. In 2020, Israel, a nation known for advanced agricultural technology, introduced its N-Drip precision irrigation system, supported by software solutions. The N-Drip system enables precise water delivery to crops based on real-time data, reducing water wastage. The capital invested in deploying precision irrigation systems and associated software reached millions of dollars.

Efficient Resource Use: Both climate change and water scarcity demand efficient resource utilization. Farm management software aids in monitoring and adjusting resource use, such as fertilizers and pesticides. In 2018, large-scale farms in California, USA, implemented the Granular farm management software. The software provided comprehensive insights into crop health, pest management, and input allocation, leading to significant cost savings and improved resource efficiency. The capital investment in adopting Granular's software amounted to millions of dollars.

In conclusion, the convergence of climate change and water shortage is propelling the adoption of farm management software, which offers innovative solutions for sustainable and resilient agriculture. Real-life instances, such as the Climate FieldView in the US, the N-Drip system in Israel, and the Granular software in California, illustrate how farm management software is becoming a crucial tool for farmers globally. These instances demonstrate significant capital investments, reflecting the critical importance of technology in addressing environmental challenges in agriculture during the forecast period.

Key Findings in the Farm Management Software Market Study:

The Software Segment to Account for the Largest Share of the Farm Management Software Market

Based on offerings, in 2024, the farm management software market is expected to be predominantly dominated by the software segment. This significant share is credited to the increasing adoption of precision agriculture practices utilizing farm management software to optimize the use of fertilizers, pesticides, and water. By implementing precision agriculture techniques, farmers in India have reported yield increases of up to 20-30%, resulting in higher revenue.

The Precision Farming Segment to Account for the Largest Share of the Farm Management Software Market

Based on application, in 2024, the precision farming segment is expected to account for the largest share of the Farm Management Software market. The large market share of this segment is attributed to the several benefits offered by farm management software for achieving objectives of precision farming, such as increasing yield from limited arable land, optimizing water usage, reducing cost, and minimizing the environmental impact of farming activities, early warnings of pest infestations, diseases, and adverse weather conditions, government initiatives to promote precision farming and digital agriculture among others.

Large Farm Segment is Expected to Account for The Largest Share of Farm Management Software

Based on farm size, in 2024, the large farm segment is expected to account for the largest share of the Farm Management Software market. The large share of this segment is attributed to the ability of large farms to invest in digital agriculture technologies. Moreover, large farms are heavily investing in various farm management solutions to optimize resource utilization, manage complex agricultural supply chains, improve traceability of their products, and make informed decisions about planting, harvesting, and resource management.

The Corporate Farming Segment to Dominate the Farm Management Software Market in 2024

Based on end user, in 2024, the corporate farming segment is expected to account for the largest share of the Farm Management Software market. Extensive use of farm management software by corporate farming operations is driven by the need to manage and optimize large-scale, complex agricultural enterprises efficiently. The benefits include increased productivity, cost savings, regulatory compliance, and sustainability, all of which are critical to the success of corporate farms in the modern agricultural landscape.

North America to Dominate the Farm Management Software Market

Based on geography, in 2024, North America is expected to account for the largest share of the Farm Management Software market. The U.S. and Canada have been at the forefront of farm management software adoption, driven by a combination of large-scale commercial farming operations and the need for advanced technology to manage extensive farmlands. Precision agriculture techniques, driven by software, have been widely embraced in North America, with a focus on optimizing resource use and increasing productivity.

Key Players:

The key players operating in the Farm Management Software market are Corteva Agriscience (U.S.), AGRIVI (Croatia), Trimble Inc. (U.S.), Farmers Edge Inc. ( Canada), Agworld Pty Ltd (Canada), SourceTrace (U.S.), Cropin Technology Solutions Private Limited (India), Afimilk Ltd. (Israel), AKVA group ASA (Norway), Farmlogics Technologies Pvt Ltd. (India), Climate LLC (U.S.), Raven Industries, Inc. (U.S.), Connecterra B.V.(Netherlands), Eruvaka Technologies Pvt. Ltd.(India), Tetra Laval Group (Switzerland).

Scope of the Report

Farm Management Software Market, by Offerings

• Software                
  • Web-based            
  • Cloud-based          
    • Software as a Service
    • Platform as a Service
• Service                  
  • System Integration & Consulting        
  • Maintenance & Support      
  • Managed Services               
    • Data Analytics Services
    • Farm Operation Services
  • Professional Services         

Farm Management Software Market, by Application

• Precision Farming
  • Soil & Crop Monitoring
  • Yield & Harvest Monitoring
  • Irrigation & Weather Forecasting
  • Inventory Management
  • Equipment Monitoring & Maintenance
  • Farm Labour Management
  • Field Mapping
  • Pest Control
  • Other Precision Farming Applications
• Livestock Monitoring           
  • Livestock Tracking
  • Feeding Management
  • Milk Harvesting
  • Animal Health Monitoring & Comfort
  • Breeding Management    
  • Behavior Monitoring     
  • Other Applications
• Aquaculture          
  • Farm Monitoring & Management
  • Feeding Management
  • Other Applications
• Smart Greenhouses             
  • HVAC & Climate Control
  • Crop Health Monitoring
  • Irrigation Scheduling
  • Other Applications
• Other Farming Applications

Farm Management Software Market, by Farm Size

• Small Farms (less than 2 hectares)
• Medium Farms (between 2 - 10 hectares)
• Large Farms (more than 10 hectares)

Farm Management Software Market, by End User

• Private Farming
• Corporate Farming
• Government Farming

Farm Management Software Market, by Geography

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• Latin America
• Middle East & Africa

Key Questions Answered in the Report: