Agriculture Industry Today

Farm Management Software and Data Analytics Powering a $19.8 Billion Market by 2034- BIS Research

The global farm management software and data analytics market is set to grow from $4,525.3 million in 2023 to $19,831.7 million by 2034, with a CAGR of 14.49%. This growth is driven by the increasing demand for sustainable farming practices and higher crop yields. Advanced technologies such as AI, IoT, and satellite imagery are transforming the market, helping farmers optimize resource use, enhance productivity, and embrace digital agriculture. Major players like Deere & Company and Trimble Inc. lead the way, while startups focus on specialized areas like predictive analytics and spatial data, fueling market innovation.
Published 18 October 2024

According to BIS Research, the global farm management software and data analytics market is projected to grow from $4,525.3 million in 2023 to an impressive $19,831.7 million by 2034, registering a robust CAGR of 14.49% during the forecast period. The increasing demand for sustainable farming practices and the need for enhanced crop yields are driving the adoption of farm management software and data analytics solutions.

These technologies enable farmers to optimize resource use, increase agricultural mechanization, and improve efficiency through digitization. Major players like Deere & Company and Trimble Inc. are revolutionizing the industry with cutting-edge innovations, while startups focus on niche areas such as predictive analytics. The market is witnessing the integration of advanced technologies like AI, IoT, and satellite imagery, shaping a future of smarter, more efficient farming practices. As global demand for food production rises, this sector is positioned for remarkable growth and transformation. 


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Global Farm Management Software and Data Analytics Market: Drivers and Challenges 

Following are the drivers for the Global Farm Management Software and Data Analytics Market: 

•    Necessity for Advancements in Agricultural Methods 

•    Escalating Demand for Food Production 

Following are the Limitations of Global Farm Management Software and Data Analytics Market: 

•    Data Privacy and Security Concerns 

•    High Costs Hindering Widespread Adoption of Advanced Farming Technologies 


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Global Farm Management Software and Data Analytics Market Segments:  

Segmentation 1: by Application 

•    Precision Farming 

     o    Yield Monitoring and Farm Mapping 

     o    Crop Scouting 

     o    Weather Tracking and Forecasting 

     o    Irrigation Management 

     o    Farm Economics 

•    Livestock Management 

     o    Milk Harvesting 

     o    Animal Health Monitoring 

     o    Feeding Management 

     o    Fertility Monitoring 

     o    Others 

•    Aquaculture 

•    Forestry 

Segmentation 2: by Software 

•    On-Cloud Software 

     o    SaaS 

     o    PaaS 

•    On-Premises Software 

Segmentation 3: by Service Offering 

•    System Integration and Consulting 

•    Maintenance and Support 

•    Managed Services 

Segmentation 4: by Software Type 

•    Enterprise Management and Finances 

•    Predictive Analytics 

•    Field Monitoring and Sensors 

•    Data Aggregation 

•    Spatial Data Analytics 

•    Scouting Software 

Segmentation 5: by Region 

•    North America - U.S., Canada, and Mexico 

•    Europe - Germany, France, Italy, U.K., and Rest-of-Europe 

•    Asia-Pacific - China, India, Japan, South Korea, and Rest-of-Asia-Pacific 

•    Rest-of-the-World - South America, the Middle East, and Africa 


In conclusion, the global farm management software and data analytics market is set for significant growth, driven by the increasing demand for sustainable farming practices and enhanced agricultural efficiency. As innovations in AI, IoT, and satellite imagery continue to transform the industry, farmers are adopting smarter, data-driven tools that optimize resources and improve crop yields. Key players and startups alike are pushing the boundaries of technology, enhancing transparency and productivity in the field. This market is poised to revolutionize farming, making it more efficient, sustainable, and prepared for the future challenges of global food production. 


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Key Players in Global Farm Management Software and Data Analytics Market 

•    Accenture 

•    AGCO Corporation 

•    Semios 

•    Deere & Company 

•    BASF SE 

•    Bayer AG 

•    Trimble Inc. 

•    Merck & Co., Inc. 

•    Corteva 

•    DeLaval 

•    AGRIVI 

•    Ag Leader Technology 

•    KUBOTA Corporation 

•    TELUS 

•    Taranis 


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Smart Crop Monitoring Market 

Guidance and Steering System for Precision Agriculture Market 

About BIS Research 

BIS Research is a global B2B market intelligence and advisory firm focusing on deep technology and related emerging trends, which can disrupt the market dynamics in the near future. We publish over 200 market intelligence studies annually, focusing on several deep technology verticals.   

Our strategic market analysis emphasizes market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters useful in the strategic decision-making for senior management.    

BIS Research offers syndicate and custom studies and expert consultations to firms, providing them with specific and actionable insights on novel technology markets, business models, and competitive landscapes.   


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