Market Overview:
The global precision farming management software market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for data analytics services and the growing adoption of on-cloud and on-premise precision farming management software by farmers across the globe. On-cloud precision farming management software held a dominant share in the global market in 2017 and is expected to maintain its dominance during the forecast period. This can be attributed to various benefits offered by on-cloud solutions such as easy access to data, real-time updates, and reduced implementation costs. However, on-premise solutions are also gaining traction among farmers due to their ability to offer high flexibility and customized solutions as per specific requirements of farms. Large farm segment dominated the global precision farming management software market in 2017 with a majority share owing to increased adoption of advanced technologies by large farms for improving their productivity and profitability levels.
Product Definition:
Precision farming management software is a computer application used to manage data collected by precision farming sensors and devices. This data can include information on soil moisture, nitrogen levels, crop yields, and other factors that can be used to improve the efficiency of agricultural production. Precision farming management software helps farmers make better decisions about where and how much fertilizer or herbicide to apply, irrigation strategies, and other aspects of crop production.
On-Cloud:
On-Cloud is a term used to define solutions that are hosted remotely and can be accessed through the internet. The cloud computing technology provides shared pool of hardware and software resources which allows organizations to virtualize their data, applications, and services. It also helps in reducing cost associated with storage devices, servers along with power consumption & cooling systems.
On-Premise:
On-premise software is a type of cloud computing software that is installed and used on the end user's own system. The data generated by the devices connected to the network are sent to cloud for processing. End users with appropriate IT infrastructure can install this type of software on their systems and use it as a service.
Application Insights:
The large farm segment accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The growth of this segment can be attributed to increasing adoption of GPM software by large farms across various industry verticals, such as agriculture, food & beverage and bio-tech. The small farm segment is anticipated to register the highest CAGR during the forecast period owing to rising awareness about advanced farming techniques among farmers worldwide. Moreover, a growing number of organizations offering support and training on how to use precision farming management software is further driving its demand among small-scale farmers globally.
Medium-sized farms also accounted for a significant market share in 2017 due largely to increased penetration of medium-sized farms across various industries including dairy, greenhouse management etc., which require precise monitoring and efficient operations using PMS solutions.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to retain its dominance over the forecast period as well. This can be attributed to increasing awareness among farmers regarding precision farming and availability of advanced technology in this region. Moreover, government support for R&D activities related to agriculture is also driving the regional market growth.
Growth Factors:
- Increasing demand for food due to population growth
- Rising awareness about the benefits of precision farming management software
- Technological advancements in agriculture sector
- Government initiatives and subsidies for adoption of precision farming management software
- Growing demand from emerging markets
Scope Of The Report
Report Attributes
Report Details
Report Title
Precision Farming Management Software Market Research Report
By Type
On-Cloud, On-Premise, Data Analytics Services
By Application
Large Farm, Medium-Sized Farm, Small Farm
By Companies
Trimble, Raven Industries, Topcon, Granular, AgJunction, Farmers Edge, John Deere
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
176
Number of Tables & Figures
124
Customization Available
Yes, the report can be customized as per your need.
Global Precision Farming Management Software Market Report Segments:
The global Precision Farming Management Software market is segmented on the basis of:
Types
On-Cloud, On-Premise, Data Analytics Services
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Large Farm, Medium-Sized Farm, Small Farm
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Trimble
- Raven Industries
- Topcon
- Granular
- AgJunction
- Farmers Edge
- John Deere
Highlights of The Precision Farming Management Software Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- On-Cloud
- On-Premise
- Data Analytics Services
- By Application:
- Large Farm
- Medium-Sized Farm
- Small Farm
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Precision Farming Management Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Precision farming management software is a computer application that helps farmers to plan, manage and monitor their crops in an efficient and effective way. It allows farmers to track the progress of individual plants, identify problems early on and take corrective action, optimize planting dates and locations, forecast yields and crop costs, etc.
Some of the major players in the precision farming management software market are Trimble, Raven Industries, Topcon, Granular, AgJunction, Farmers Edge, John Deere.
The precision farming management software market is expected to grow at a compound annual growth rate of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Precision Farming Management Software Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Precision Farming Management Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Precision Farming Management Software Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Precision Farming Management Software Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Precision Farming Management Software Market Size & Forecast, 2018-2028
4.5.1 Precision Farming Management Software Market Size and Y-o-Y Growth
4.5.2 Precision Farming Management Software Market Absolute $ Opportunity
Chapter 5 Global Precision Farming Management Software Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Precision Farming Management Software Market Size Forecast by Type
5.2.1 On-Cloud
5.2.2 On-Premise
5.2.3 Data Analytics Services
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Precision Farming Management Software Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Precision Farming Management Software Market Size Forecast by Applications
6.2.1 Large Farm
6.2.2 Medium-Sized Farm
6.2.3 Small Farm
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Precision Farming Management Software Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Precision Farming Management Software Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Precision Farming Management Software Analysis and Forecast
9.1 Introduction
9.2 North America Precision Farming Management Software Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Precision Farming Management Software Market Size Forecast by Type
9.6.1 On-Cloud
9.6.2 On-Premise
9.6.3 Data Analytics Services
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Precision Farming Management Software Market Size Forecast by Applications
9.10.1 Large Farm
9.10.2 Medium-Sized Farm
9.10.3 Small Farm
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Precision Farming Management Software Analysis and Forecast
10.1 Introduction
10.2 Europe Precision Farming Management Software Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Precision Farming Management Software Market Size Forecast by Type
10.6.1 On-Cloud
10.6.2 On-Premise
10.6.3 Data Analytics Services
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Precision Farming Management Software Market Size Forecast by Applications
10.10.1 Large Farm
10.10.2 Medium-Sized Farm
10.10.3 Small Farm
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Precision Farming Management Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Precision Farming Management Software Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Precision Farming Management Software Market Size Forecast by Type
11.6.1 On-Cloud
11.6.2 On-Premise
11.6.3 Data Analytics Services
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Precision Farming Management Software Market Size Forecast by Applications
11.10.1 Large Farm
11.10.2 Medium-Sized Farm
11.10.3 Small Farm
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Precision Farming Management Software Analysis and Forecast
12.1 Introduction
12.2 Latin America Precision Farming Management Software Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Precision Farming Management Software Market Size Forecast by Type
12.6.1 On-Cloud
12.6.2 On-Premise
12.6.3 Data Analytics Services
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Precision Farming Management Software Market Size Forecast by Applications
12.10.1 Large Farm
12.10.2 Medium-Sized Farm
12.10.3 Small Farm
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Precision Farming Management Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Precision Farming Management Software Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Precision Farming Management Software Market Size Forecast by Type
13.6.1 On-Cloud
13.6.2 On-Premise
13.6.3 Data Analytics Services
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Precision Farming Management Software Market Size Forecast by Applications
13.10.1 Large Farm
13.10.2 Medium-Sized Farm
13.10.3 Small Farm
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Precision Farming Management Software Market: Competitive Dashboard
14.2 Global Precision Farming Management Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Trimble
14.3.2 Raven Industries
14.3.3 Topcon
14.3.4 Granular
14.3.5 AgJunction
14.3.6 Farmers Edge
14.3.7 John Deere
