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Home>Global Farm Management Software (Precision Farming, Livestock Monitoring, Fish Farming, Smart Greenhouse Farming) Market 2017-2023 - Research and Markets

Global Farm Management Software (Precision Farming, Livestock Monitoring, Fish Farming, Smart Greenhouse Farming) Market 2017-2023 - Research and Markets

Global Farm Management Software (Precision Farming, Livestock Monitoring, Fish Farming, Smart Greenhouse Farming) Market 2017-2023 - Research and Markets

10/02/2017

Global Farm Management Software (Precision Farming, Livestock Monitoring, Fish Farming, Smart Greenhouse Farming) Market 2017-2023 - Research and Markets

The "Farm Management Software Market by Agriculture Type (Precision Farming, Livestock Monitoring, Fish Farming, Smart Greenhouse Farming), Delivery Model (Web Based, Cloud Based), Service Provider, Application, and Geography - Global Forecast to 2023" report has been added to Research and Markets' offering.

The farm management software market was valued at USD 748.0 million in 2016 and is expected to reach USD 1,937.9 million by 2023, at a CAGR of 14.12% between 2017 and 2023.

Increasing implementation of cloud computing in real-time farm data management, growing population and demand for food worldwide, and governments' support to adopt modern agricultural techniques drive the growth of the farm management software market.

The market growth can be attributed to the increasing focus on farm efficiency, crop yield and productivity, strengthening of intellectual property rights over agricultural innovations, and increasing focus on monitoring livestock performance and health to increase farm efficiency that drives the growth of the farm management software market.

The increasing demand for fleet navigation and fish tracking services is the major driver for the high growth of farm management software market in fish farming. Fish farming has become a common practice to increase the income of practitioners and reduce the wage bill expended on fish importation.

Cloud-based delivery model is expected to grow at the highest rate during 2017 and 2023. The major reason for the high growth of the said market is the increasing adoption of cloud-based delivery model owing to its optimized performance, effective energy utilization, and ease of access. The cloud-based delivery model provides shared processing of resources and data to users on demand.

APAC is one of the prospective markets for farm management software solutions. The adoption rate of farm management software is expected to grow at a high rate in APAC as this region consists of emerging countries such as India, China, and Southeast Asian countries. Rapidly increasing population, availability of arable farms, and government support through subsidies are the factors that are driving the adoption of the farm management software market in APAC.

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