To optimize the use of resources is the ultimate need of the day as the changing climate is affecting every aspect of agriculture and people’s lives. In addition to climate change, the rapidly growing population has increased the food demand all over the world and to fulfill such huge demand has become a difficult task. All of us have read about sustainable development and farming in our school, and now is the time to make these terms into a global reality. Farmers have undertaken various measures to grow crops and sustain their produce, a process called farm management provides solutions that improve the productivity.
Sustainable Farming with Farm Management Software:
The increasing food demand has proportionately increased the area of farmlands, and farm management software provides effective and easy solution to the woes of handling an immense amount of data collected from such farmlands. In a survey conducted by the United States Department of Agriculture (USDA), it was revealed that the number of farms in U.S. decreased from 2.2 million in 2013 to 2.06 million in 2016, while at the same time the average farm size increased from 435 acres in 2013 to 442 acres in 2016. Hence, effective handling of data to analyze and conclusively make an informed decision is very helpful to the farmers.
The governments are working towards a better yield from the farmlands, with the focus on reducing the use of fertilizers, which are as harmful to the environment as they are to human health. In a survey by World Bank, it was found that the use of fertilizer in China increased from 423.4 kg/hectare in 2005 to 565.3 kg/hectare in 2014, which reiterates the pressure on the available farmland to provide maximum yield. Thus, farm management solution is a savior of such farms as the software ensure the utilization of each acre of farmland to its maximum potential, without compromising on the quality of the produce.
Future of Farm Management Market:
The farm management software and services market is estimated to reach $2.9 billion by 2021, registering a CAGR of 17.6% from 2017 to 2021. This strong growth rate is the result of introduction cloud storage and Internet of Things (IoT) in agriculture, which has acquired affinity with time. The farm management software reduces costs and helps in cost-effective farming, which has pushed the government to take initiatives incorporating this technology in their agricultural sector. These activities are driving the market towards growth, however, lack of technical knowledge, the risk of security breaches, the need for large investment for on-premise software and the lack of acceptance from small farmers are some of the factors creating friction in the path of growth.
BIS Research has conducted an extensive market research on ‘Global Farm Management Software & Services Market, Analysis & Forecast (2017-2021)‘. The market intelligence report aims to provide an in-depth analysis of the key development strategies, marketing strategies and market trend dynamics which include drivers, restraints, and opportunities prevailing in the industry.
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