Farm Management Software and Data Analytics Market - A Global and Regional Analysis

Focus on Product, Application, and Country Analysis - Analysis and Forecast, 2020-2026

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A quick peek into the report

Market Report Coverage

Farm Management Software and Data Analytics Market
Forecast Period: 2021-2026
CAGR During Forecast Period: 18.55%

Farm Management Software and Data Analytics Market

Base Year

2020

Market Size in 2020

$1.06 Billion

Forecast Period

2021-2026

Value Projection and Estimation by 2026

$5.26 Billion

CAGR During Forecast Period

18.55%

Number of Tables

49

Number of Pages

193

Number of Figures

48

Market Segmentation

•    Application - Precision Farming, Livestock Management, Alternative Farming, Aquaculture, and others

•    Product – Software (On-Cloud Software and On-Premises Software) and Platform-as-a-Service

Regional Segmentation

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

•    South America – Brazil, Argentina, Peru, and Rest-of-South America

•    Europe – Germany, France, Italy, Netherlands, Spain, Poland, and Rest-of-Europe

•    China

•    U.K.

•    Middle East and Africa - South Africa, Saudi Arabia, and Rest-of-Middle East and Africa

•    Asia-Pacific – India, Japan, Australia, and Rest-of-Asia-Pacific

Market Growth Drivers

•    Increasing Average Farm Size

•    Increasing Demand for Agricultural Mechanization and Automation

•    Increased Government Support and Initiatives

Market Challenges

•    Threat to Farm Data Security and Privacy

•    Depleting Farm Income Leading to Less Investment in farm Management Software and Data Analytics

Market Opportunities

•    Growth in Precision Agriculture Market

•    Growth of Blockchain and Artificial Intelligence-Based Solution Providers

Key Companies Profiled

365FarmNet, ABACO Group UK, Ag Leader Technology, AGCO Corporation, AgJunction, AGRIVI, Agroptima, Agworld Pty Ltd, BASF SE, Bushel Inc., CLAAS KGaA mbH, CNH Industrial N.V., CropIn Technology Solutions Private Limited, CropX Inc., Deere & Company, EFC Systems, Farmers Edge Inc., Granular, Inc., Hexagon Agriculture, IBM Corporation, Raven Industries Inc., SourceTrace, The Climate Corporation, Topcon, Trimble Inc.

How This Report Can Add Value

What kinds of new strategies are being adopted by the existing market players to strengthen their market position in the industry?

Product/Innovation Strategy: The product segment helps the reader in understanding the different types of farm management software for the agriculture industry and their potential globally. Moreover, the study provides the reader a detailed understanding of the operation of different farm management software products (i.e., on-cloud software, on-premise software, and platform-as-a-service). These solutions enable seamless farm management, wherein software-based farm management solutions are the most preferred.

Key Questions Answered in the Report:

•    What is the estimated global farm management software and data analytics market size in terms of revenue for the forecast period 2021-2026, and what is the expected compound annual growth rate (CAGR) during the forecast period 2021-2026?
•    What are the key trends, market drivers, and opportunities in the market pertaining to farm management software and data analytics?
•    What are the major restraints inhibiting the growth of the global farm management software and data analytics market?
•    What kinds of new strategies are being adopted by the existing market players to strengthen their market position in the industry?
•    What is the competitive strength of the key players in the farm management software and data analytics market based on an analysis of their recent developments, product offerings, and regional presence?
•    How is the competitive benchmarking of the key management software and data analytics companies in the agriculture market based on the analysis of their market coverage and market potential?
•    How much revenue is each segment expected to record during the forecast period, along with the growth percentage? The segments are as follows:
        o    Product, including software (on-cloud and on-premise) and platform-as-a-service
        o    Application, including precision farming, livestock management, alternative farming, aquaculture, and others
        o    Region, including North America, the U.K., Europe, Asia-Pacific and Japan, China, the Middle East and Africa, and South America
•    What is the type of players and stakeholders operating in the market ecosystem of farm management software and data analytics, and what is their significance in the global market?

Report Summary

The global farm management software and data analytics market is expected to reach $5.26 billion by 2026.

Farm Management Software and Data Analytics Market

Farm management software and data analytics solutions aim at increasing the ease in farm operations for the farmers. These software increase transparency in the field and decrease the chances of crop failure. Through farm management software, a farmer has complete information on all field activities, which can be managed through software accessed through a mobile phone or a tablet. Some of the primary benefits related to farm management software and data analytic solutions in the agricultural field include yield monitoring and field mapping, crop scouting, weather tracking and forecasting, irrigation management, and farm economics.

Since 2010, the adoption of farm management software and data analytic solutions has increased, especially by medium and large-scale farmers. Increased awareness regarding the benefits of farm management software has increased the adoption rate of these solutions. High technological advancement in some regions of the world is another driver toward the adoption of farm management software and data analytic solutions by the farmers.

Impact of COVID-19 on Global Farm Management Software and Data Analytics Market

The supply chain for the majority of the industries across the globe got impacted due to the COVID-19 pandemic, including the farm management software and data analytics industry. During the COVID-19 outbreak, the supply chain of the agriculture industry was disrupted. Companies are focusing on new strategies to develop more convenient tools to cater to the demand for food. Hence, the farm management software and data analytics industry is playing a critical role in catering to the unprecedented situation caused by COVID-19 by providing predictive analytics and insightful outputs to assist efficient crop growth and animal health.

Global Farm Management Software and Data Analytics Industry Overview

The global farm management software and data analytics market is expected to reach $5.26 billion by 2026, with a CAGR of 18.55% during the forecast period 2021-2026. The growth rate in the market is because of the increased average farm size in some regions of the world. Farm management software are primarily required to manage a large-scale farm to reduce human dependability and chances of crop failure. Another major driver toward the growth of farm management software and data analytics market is the increased government initiatives toward the upliftment of the market.

Market Segmentation

Global Farm Management Software and Data Analytics Market by Application

The global farm management software and data analytics market in the application segment is expected to be dominated by precision crop farming. High market share and growth potential associated with precision farming as an application for farm management software and data analytics is attributed to the wide range of use cases found under this farming type for agricultural software solutions.

Global Farm Management Software and Data Analytics Market by Product

The global farm management software and data analytics market in the product segment is expected to be dominated by software-based farm management solutions. The benefits of affordable pricing models, integration, scalability, and accessibility associated with software solutions are the major reasons behind the reported growth of this product offering.

Global Farm Management Software and Data Analytics Market by Region

North America generated the highest revenue of $498.95 million in 2020, which is attributed to the technological advancements in the North America region. In the region, government support along with technological advancement has helped in the growth of the market. Also, leading players in the farm management software and data analytics market are operating in the North America region, which gives a wide range of options to the growers purchasing farm management solutions. The region is expected to witness high growth of CAGR 17.47% during the forecast period 2021-2026.

Key Market Players and Competition Synopsis

365FarmNet, ABACO Group UK, Ag Leader Technology, AGCO Corporation, AgJunction, AGRIVI, Agroptima, Agworld Pty Ltd, BASF SE, Bushel Inc., CLAAS KGaA mbH, CNH Industrial N.V., CropIn Technology Solutions Private Limited, CropX Inc., Deere & Company, EFC Systems, Farmers Edge Inc., Granular, Inc., Hexagon Agriculture, IBM Corporation, Raven Industries Inc., SourceTrace, The Climate Corporation, Topcon, Trimble Inc.

Key players operating in the global farm management software and data analytics market analyzed and profiled in the study involve original equipment manufacturers (OEMs) that provide the required software for deployment in the agriculture industry. Moreover, a detailed competitive benchmarking of the players operating in the global farm management software and data analytics market has been done that will help the reader to understand how players stack against each other, presenting a clear market landscape.

Table of Contents

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1.1    Industry Outlook
         1.1.1    Market Definition
         1.1.2    Investment Landscape
         1.1.3    Patent Analysis
                     1.1.3.1    Patent Analysis (by Status)
                     1.1.3.2    Patents Analysis (by Organization)
                     1.1.3.3    Patents Analysis (by Patent Office)
1.2    Business Dynamics
         1.2.1    Business Drivers
                     1.2.1.1    Increasing Average Farm Size
                     1.2.1.2    Increasing Demand for Agricultural Mechanization and Automation
                     1.2.1.3    Increased Government Support and Initiatives
         1.2.2    Business Challenges
                     1.2.2.1    Threat to Farm Data Security and Privacy
                     1.2.2.2    Depleting Farm Income Leading to Less Investment in farm Management Software and Data Analytics
         1.2.3    Business Strategies
                     1.2.3.1    Product Development
                     1.2.3.2    Market Developments
         1.2.4    Corporate Strategies
                     1.2.4.1    Mergers and Acquisitions
                     1.2.4.2    Partnerships, Collaborations, and Joint Ventures
                     1.2.4.3    Others
         1.2.5    Business Opportunities
                     1.2.5.1    Growth in Precision Agriculture Market
                     1.2.5.2    Growth of Blockchain and Artificial Intelligence-Based Solution Providers
         1.2.6    Impact of COVID-19 on Global Farm Management Software and Data Analytics Market

2.1    Global Farm Management Software and Data Analytics Market (by Application)
         2.1.1    Precision Farming
                     2.1.1.1    Yield Monitoring and Farm Mapping
                     2.1.1.2    Crop Scouting
                     2.1.1.3    Weather Tracking and Forecasting
                     2.1.1.4    Irrigation Management
                     2.1.1.5    Farm Economics
                     2.1.1.6    Others
         2.1.2    Livestock Management
                     2.1.2.1    Milk Harvesting
                     2.1.2.2    Animal Health Monitoring
                     2.1.2.3    Feeding Management
                     2.1.2.4    Fertility Monitoring
                     2.1.2.5    Others
         2.1.3    Alternative Farming
                     2.1.3.1    HVAC Management
                     2.1.3.2    Lighting Management
                     2.1.3.3    Plant Development Monitoring
                     2.1.3.4    Others
         2.1.4    Aquaculture
                     2.1.4.1    Feed Management
                     2.1.4.2    Aquatic Species Tracking
                     2.1.4.3    Water Quality Management
                     2.1.4.4    Others
        2.1.5    Others
2.2    Demand Analysis of Global Farm Management Software and Data Analytics Market (by Application)

3.1    Global Farm Management Software and Data Analytics Market (by Product)
         3.1.1    Software
                     3.1.1.1    On-Cloud Software
                     3.1.1.2    On-Premise Software
         3.1.2    Platform-as-a-Service
3.2    Demand Analysis of Global Farm Management Software and Data Analytics Market (by Product)

4.1    North America
         4.1.1    Market
                     4.1.1.1    Key Providers in North America
                     4.1.1.2    Business Drivers
                     4.1.1.3    Business Challenges
         4.1.2    Application
                     4.1.2.1    North America Farm Management Software and Data Analytics Market (by Application), $Million, 2020-2026
         4.1.3    North America (by Country)
                     4.1.3.1    U.S.
                                    4.1.3.1.1    Market
                                                      4.1.3.1.1.1    Buyer Attributes
                                                      4.1.3.1.1.2    Key Providers Operating in the U.S.
                                                      4.1.3.1.1.3    Business Challenges
                                                      4.1.3.1.1.4    Business Drivers
                     4.1.3.2    Canada
                                    4.1.3.2.1    Market
                                                      4.1.3.2.1.1    Buyer Attributes
                                                      4.1.3.2.1.2    Key Providers Operating in Canada
                                                      4.1.3.2.1.3    Business Challenges
                                                      4.1.3.2.1.4    Business Drivers
                     4.1.3.3    Mexico
                                    4.1.3.3.1    Market
                                                      4.1.3.3.1.1    Buyer Attributes
                                                      4.1.3.3.1.2    Key Providers Operating in Mexico
                                                      4.1.3.3.1.3    Business Challenges
                                                      4.1.3.3.1.4    Business Drivers
4.2    South America
         4.2.1    Market
                     4.2.1.1    Key Providers in South America
                     4.2.1.2    Business Drivers
                     4.2.1.3    Business Challenges
         4.2.2    Application
                     4.2.2.1    South America Farm Management Software and Data Analytics Market (by Application), $Million, 2020-2026
         4.2.3    South America (by Country)
                     4.2.3.1    Brazil
                                    4.2.3.1.1    Market
                                                      4.2.3.1.1.1    Buyer Attributes
                                                      4.2.3.1.1.2    Key Providers Operating in Brazil
                                                      4.2.3.1.1.3    Business Challenges
                                                      4.2.3.1.1.4    Business Drivers
                     4.2.3.2    Argentina
                                    4.2.3.2.1    Market
                                                      4.2.3.2.1.1    Buyer Attributes
                                                      4.2.3.2.1.2    Key Providers Operating in Argentina
                                                      4.2.3.2.1.3    Business Challenges
                                                      4.2.3.2.1.4    Business Drivers
                      4.2.3.3    Peru
                                    4.2.3.3.1    Market
                                                      4.2.3.3.1.1    Buyer Attributes
                                                      4.2.3.3.1.2    Key Providers Operating in Peru
                                                      4.2.3.3.1.3    Business Challenges
                                                      4.2.3.3.1.4    Business Drivers
                     4.2.3.4    Rest-of-South America
                                    4.2.3.4.1    Market
                                                      4.2.3.4.1.1    Buyer Attributes
                                                      4.2.3.4.1.2    Key Providers Operating in Rest-of-South America
                                                      4.2.3.4.1.3    Business Challenges
                                                      4.2.3.4.1.4    Business Drivers
4.3    Europe
         4.3.1    Market
                     4.3.1.1    Key Providers in Europe
                     4.3.1.2    Business Drivers
                     4.3.1.3    Business Challenges
         4.3.2    Application
                     4.3.2.1    Europe Farm Management Software and Data Analytics Market (by Application), $Million, 2020-2026
         4.3.3    Europe (by Country)
                     4.3.3.1    Germany
                                    4.3.3.1.1    Market
                                                      4.3.3.1.1.1    Buyer Attributes
                                                      4.3.3.1.1.2    Key Providers Operating in Germany
                                                      4.3.3.1.1.3    Business Challenges
                                                      4.3.3.1.1.4    Business Drivers
                     4.3.3.2    France
                                    4.3.3.2.1    Market
                                                      4.3.3.2.1.1    Buyer Attributes
                                                      4.3.3.2.1.2    Key Providers Operating in France
                                                      4.3.3.2.1.3    Business Challenges
                                                      4.3.3.2.1.4    Business Drivers
                     4.3.3.3    Spain
                                    4.3.3.3.1    Market
                                                      4.3.3.3.1.1    Buyer Attributes
                                                      4.3.3.3.1.2    Key Providers Operating in Spain
                                                      4.3.3.3.1.3    Business Challenges
                                                      4.3.3.3.1.4    Business Drivers
                     4.3.3.4    Italy
                                    4.3.3.4.1    Market
                                                      4.3.3.4.1.1    Buyer Attributes
                                                      4.3.3.4.1.2    Key Providers Operating in Italy
                                                      4.3.3.4.1.3    Business Challenges
                                                      4.3.3.4.1.4    Business Drivers
                     4.3.3.5    Netherlands
                                    4.3.3.5.1    Market
                                                      4.3.3.5.1.1    Buyer Attributes
                                                      4.3.3.5.1.2    Key Providers Operating in the Netherlands
                                                      4.3.3.5.1.3    Business Challenges
                                                      4.3.3.5.1.4    Business Drivers
                     4.3.3.6    Poland
                                    4.3.3.6.1    Market
                                                      4.3.3.6.1.1    Buyer Attributes
                                                      4.3.3.6.1.2    Key Providers Operating in Poland
                                                      4.3.3.6.1.3    Business Challenges
                                                      4.3.3.6.1.4    Business Drivers
                     4.3.3.7    Rest-of-Europe
                                    4.3.3.7.1    Market
                                                      4.3.3.7.1.1    Buyer Attributes
                                                      4.3.3.7.1.2    Key Providers Operating in the Rest-of-Europe
                                                      4.3.3.7.1.3    Business Challenges
                                                      4.3.3.7.1.4    Business Drivers
4.4    U.K.
         4.4.1    Markets
                     4.4.1.1    Buyer Attributes
                     4.4.1.2    Key Providers in the U.K.
                     4.4.1.3    Business Challenges
                     4.4.1.4    Business Drivers
         4.4.2    Application
                     4.4.2.1    U.K. Farm Management Software and Data Analytics Market (by Application), $Million, 2020-2026
4.5    Middle East and Africa
         4.5.1    Market
                     4.5.1.1    Key Providers in Middle East and Africa
                     4.5.1.2    Business Drivers
                     4.5.1.3    Business Challenges
         4.5.2    Application
                     4.5.2.1    Middle East and Africa Farm Management Software and Data Analytics Market (by Application), $Million, 2020-2026
         4.5.3    Middle East and Africa (by Country)
                     4.5.3.1    South Africa
                                    4.5.3.1.1    Market
                                                      4.5.3.1.1.1    Buyer Attributes
                                                      4.5.3.1.1.2    Key Providers Operating in South Africa
                                                      4.5.3.1.1.3    Business Challenges
                                                      4.5.3.1.1.4    Business Drivers
                     4.5.3.2    Saudi Arabia
                                    4.5.3.2.1    Market
                                                      4.5.3.2.1.1    Buyer Attributes
                                                      4.5.3.2.1.2    Key Providers Operating in Saudi Arabia
                                                      4.5.3.2.1.3    Business Challenges
                                                      4.5.3.2.1.4    Business Drivers
                     4.5.3.3    Rest-of-Middle East and Africa
                                    4.5.3.3.1    Market
                                                      4.5.3.3.1.1    Buyer Attributes
                                                      4.5.3.3.1.2    Key Providers Operating in Rest-of-Middle East and Africa
                                                      4.5.3.3.1.3    Business Challenges
                                                      4.5.3.3.1.4    Business Drivers
4.6    China
         4.6.1    Markets
                     4.6.1.1    Buyer Attributes
                     4.6.1.2    Key Providers in China
                     4.6.1.3    Business Challenges
                     4.6.1.4    Business Drivers
         4.6.2    Application
                     4.6.2.1    China Farm Management Software and Data Analytics Market (by Application), $Million, 2020-2026
4.7    Asia-Pacific
         4.7.1    Market
                     4.7.1.1    Key Providers in Asia-Pacific
                     4.7.1.2    Business Drivers
                     4.7.1.3    Business Challenges
         4.7.2    Application
                     4.7.2.1    Asia-Pacific Farm Management Software and Data Analytics Market (by Application), $Million, 2020-2026
         4.7.3    Asia-Pacific (by Country)
                     4.7.3.1    Japan
                                    4.7.3.1.1    Market
                                                      4.7.3.1.1.1    Buyer Attributes
                                                      4.7.3.1.1.2    Key Providers in Japan
                                                      4.7.3.1.1.3    Business Challenges
                                                      4.7.3.1.1.4    Business Drivers
                     4.7.3.2    India
                                    4.7.3.2.1    Market
                                                      4.7.3.2.1.1    Buyer Attributes
                                                      4.7.3.2.1.2    Key Providers in India
                                                      4.7.3.2.1.3    Business Challenges
                                                      4.7.3.2.1.4    Business Drivers
                     4.7.3.3    Australia
                                    4.7.3.3.1    Market
                                                      4.7.3.3.1.1    Buyer Attributes
                                                      4.7.3.3.1.2    Key Providers Operating in Australia
                                                      4.7.3.3.1.3    Business Challenges
                                                      4.7.3.3.1.4    Business Drivers
                     4.7.3.4    Rest-of-Asia-Pacific
                                    4.7.3.4.1    Market
                                                      4.7.3.4.1.1    Buyer Attributes
                                                      4.7.3.4.1.2    Key Providers Operating in Rest-of-Asia Pacific
                                                      4.7.3.4.1.3    Business Challenges
                                                      4.7.3.4.1.4    Business Drivers

5.1    Competitive Benchmarking
5.2    Company Profile
         5.2.1    365FarmNet
                     5.2.1.1    Company Overview
                                    5.2.1.1.1    Role of 365FarmNet in the Global Farm Management Software and Data Analytics Market
                                    5.2.1.1.2    Product Portfolio
                     5.2.1.2    Strengths and Weaknesses of 365FarmNet
         5.2.2    ABACO Group UK
                     5.2.2.1    Company Overview
                                    5.2.2.1.1    Role of ABACO Group UK in the Global Farm Management Software and Data Analytics Market
                                    5.2.2.1.2    Product Portfolio
                     5.2.2.2    Strengths and Weaknesses of ABACO Group UK
         5.2.3    Ag Leader Technology
                     5.2.3.1    Company Overview
                                    5.2.3.1.1    Role of Ag Leader Technology in the Global Farm Management Software and Data Analytics Market
                                    5.2.3.1.2    Product Portfolio
                     5.2.3.2    Strengths and Weaknesses of Ag Leader Technology
         5.2.4    AGCO Corporation
                     5.2.4.1    Company Overview
                                    5.2.4.1.1    Role of AGCO Corporation in the Global Farm Management Software and Data Analytics Market
                                    5.2.4.1.2    Product Portfolio
                     5.2.4.2    Strengths and Weaknesses of AGCO Corporation
                     5.2.4.3    R&D Analysis
         5.2.5    AgJunction
                     5.2.5.1    Company Overview
                                    5.2.5.1.1    Role of AgJunction in the Global Farm Management Software and Data Analytics Market
                                    5.2.5.1.2    Product Portfolio
                     5.2.5.2    Corporate Strategies
                                    5.2.5.2.1    Partnerships and Joint Ventures
                     5.2.5.3    Strengths and Weaknesses of AgJunction
                     5.2.5.4    R&D Analysis
         5.2.6    AGRIVI
                     5.2.6.1    Company Overview
                                    5.2.6.1.1    Role of AGRIVI in the Global Farm Management Software and Data Analytics Market
                                    5.2.6.1.2    Product Portfolio
                     5.2.6.2    Business Strategies
                                    5.2.6.2.1    Product Developments
                     5.2.6.3    Strengths and Weaknesses of AGRIVI
         5.2.7    Agroptima
                     5.2.7.1    Company Overview
                                    5.2.7.1.1    Role of Agroptima in the Global Farm Management Software and Data Analytics Market
                                    5.2.7.1.2    Product Portfolio
                     5.2.7.2    Strengths and Weaknesses of Agroptima
         5.2.8    Agworld Pty Ltd
                     5.2.8.1    Company Overview
                                    5.2.8.1.1    Role of Agworld Pty Ltd in the Global Farm Management Software and Data Analytics Market
                                    5.2.8.1.2    Product Portfolio
                     5.2.8.2    Strengths and Weaknesses of Agworld Pty Ltd
         5.2.9    BASF SE
                     5.2.9.1    Company Overview
                                    5.2.9.1.1    Role of BASF SE in the Global Farm Management Software and Data Analytics Market
                                    5.2.9.1.2    Product Portfolio
                     5.2.9.2    Strengths and Weaknesses of BASF SE
                     5.2.9.3    R&D Analysis
       5.2.10    Bushel Inc.
                     5.2.10.1    Company Overview
                                      5.2.10.1.1    Role of Bushel Inc. in the Global Farm Management Software and Data Analytics Market
                                      5.2.10.1.2    Product Portfolio
                     5.2.10.2    Corporate Strategies
                                      5.2.10.2.1    Merger and Acquisition
                     5.2.10.3    Strengths and Weaknesses of Bushel Inc.
       5.2.11    CLAAS KGaA mbH
                     5.2.11.1    Company Overview
                                      5.2.11.1.1    Role of CLAAS KGaA mbH in the Global Farm Management Software and Data Analytics Market
                                      5.2.11.1.2    Product Portfolio
                     5.2.11.2    Strengths and Weaknesses of CLAAS KGaA mbH
                     5.2.11.3    R&D Analysis
       5.2.12    CNH Industrial N.V.
                     5.2.12.1    Company Overview
                                      5.2.12.1.1    Role of CNH Industrial N.V. in the Global Farm Management Software and Data Analytics Market
                                      5.2.12.1.2    Product Portfolio
                     5.2.12.2    Strengths and Weaknesses of CNH Industrial N.V.
                     5.2.12.3    R&D Analysis
       5.2.13    CropIn Technology Solutions Private Limited
                     5.2.13.1    Company Overview
                                      5.2.13.1.1    Role of CropIn Technology Solutions Private Limited in the Global Farm Management Software and Data Analytics Market
                                      5.2.13.1.2    Product Portfolio
                     5.2.13.2    Strengths and Weaknesses of CropIn Technology Solutions Private Limited
       5.2.14    CropX Inc.
                     5.2.14.1    Company Overview
                                      5.2.14.1.1    Role of CropX Inc. in the Global Farm Management Software and Data Analytics Market
                                      5.2.14.1.2    Product Portfolio
                     5.2.14.2    Strengths and Weaknesses of CropX Inc.
       5.2.15    Deere & Company
                     5.2.15.1    Company Overview
                                      5.2.15.1.1    Role of Deere & Company in the Global Farm Management Software and Data Analytics Market
                                      5.2.15.1.2    Product Portfolio
                     5.2.15.2    Strengths and Weaknesses of Deere & Company
                     5.2.15.3    R&D Analysis
       5.2.16    EFC Systems
                     5.2.16.1    Company Overview
                                      5.2.16.1.1    Role of EFC Systems in the Global Farm Management Software and Data Analytics Market
                                      5.2.16.1.2    Product Portfolio
                     5.2.16.2    Strengths and Weaknesses of EFC Systems
       5.2.17    Farmers Edge Inc.
                     5.2.17.1    Company Overview
                                      5.2.17.1.1    Role of Farmers Edge Inc. in the Global Farm Management Software and Data Analytics Market
                                      5.2.17.1.2    Product Portfolio
                     5.2.17.2    Strengths and Weaknesses of Farmers Edge Inc.
       5.2.18    Granular, Inc.
                     5.2.18.1    Company Overview
                                      5.2.18.1.1    Role of Granular, Inc. in the Global Farm Management Software and Data Analytics Market
                                      5.2.18.1.2    Product Portfolio
                     5.2.18.2    Strengths and Weaknesses of Granular, Inc.
       5.2.19    Hexagon Agriculture
                     5.2.19.1    Company Overview
                                      5.2.19.1.1    Role of Hexagon Agriculture in the Global Farm Management Software and Data Analytics Market
                                      5.2.19.1.2    Product Portfolio
                     5.2.19.2    Strengths and Weaknesses of Hexagon Agriculture
       5.2.20    IBM Corporation
                     5.2.20.1    Company Overview
                                      5.2.20.1.1    Role of IBM Corporation in the Global Farm Management Software and Data Analytics Market
                                      5.2.20.1.2    Product Portfolio
                     5.2.20.2    Strengths and Weaknesses of IBM Corporation
                     5.2.20.3    R&D Analysis
       5.2.21    Raven Industries Inc.
                     5.2.21.1    Company Overview
                                      5.2.21.1.1    Role of Raven Industries Inc. in the Global Farm Management Software and Data Analytics Market
                                      5.2.21.1.2    Product Portfolio
                     5.2.21.2    Strengths and Weaknesses of Raven Industries Inc.
                     5.2.21.3    R&D Analysis
       5.2.22    SourceTrace
                     5.2.22.1    Company Overview
                                      5.2.22.1.1    Role of SourceTrace in the Global Farm Management Software and Data Analytics Market
                                      5.2.22.1.2    Product Portfolio
                     5.2.22.2    Strengths and Weaknesses of SourceTrace
       5.2.23    The Climate Corporation
                     5.2.23.1    Company Overview
                                      5.2.23.1.1    Role of The Climate Corporation in the Global Farm Management Software and Data Analytics Market
                                      5.2.23.1.2    Product Portfolio
                     5.2.23.2    Strengths and Weaknesses of The Climate Corporation
       5.2.24    Topcon
                     5.2.24.1    Company Overview
                                      5.2.24.1.1    Role of Topcon in the Global Farm Management Software and Data Analytics Market
                                      5.2.24.1.2    Product Portfolio
                     5.2.24.2    Strengths and Weaknesses of Topcon
       5.2.25    Trimble Inc.
                     5.2.25.1    Company Overview
                                      5.2.25.1.1    Role of Trimble Inc. in the Global Farm Management Software and Data Analytics Market
                                      5.2.25.1.2    Product Portfolio
                     5.2.25.2    Corporate Strategies
                                      5.2.25.2.1    Partnerships and Joint Ventures
                     5.2.25.3    Strengths and Weaknesses of Trimble Inc.
                     5.2.25.4    R&D Analysis
       5.2.26    Other Key Players

6.1    Data Sources
         6.1.1    Primary Data Sources
         6.1.2    Secondary Data Sources
         6.1.3    Data Triangulation
6.2    Market Estimation and Forecast
         6.2.1    Factors for Data Prediction and Modelling

Table 1:    Key Investments by Players Operating in the Global Farm Management Software and Data Analytics Market
Table 2:    Product Development (by Company), October 2018–October 2021
Table 3:    Partnerships, Collaborations, and Joint Ventures (by Company), October 2018-October 2021
Table 4:    Global Farm Management Software and Data Analytics Market (by Application), $Million, 2020-2026
Table 5:    Global Farm Management Software and Data Analytics Market (by Product), $Million, 2020-2026
Table 6:    Global Farm Management Software and Data Analytics Market (by Software), $Million, 2020-2026
Table 7:    Global Farm Management Software and Data Analytics Market (by Region), $Million, 2020-2026
Table 8:    North America Farm Management Software and Data Analytics Market (by Application), $Million, 2020-2026
Table 9:    North America Farm Management Software and Data Analytics Market (by Country), $Million, 2020-2026
Table 10:    South America Farm Management Software and Data Analytics Market (by Application), $Million, 2020-2026
Table 11:    South America Farm Management Software and Data Analytics Market (by Country), $Million, 2020-2026
Table 12:    Europe Farm Management Software and Data Analytics Market (by Application), $Million, 2020-2026
Table 13:    Europe Farm Management Software and Data Analytics Market (by Country), $Million, 2020-2026
Table 14:    U.K. Farm Management Software and Data Analytics Market (by Application), $Million, 2020-2026
Table 15:    Middle East and Africa Farm Management Software and Data Analytics Market (by Application), $Million, 2020-2026
Table 16:    Middle East and Africa Farm Management Software and Data Analytics Market (by Country), $Million, 2020-2026
Table 17:    China Farm Management Software and Data Analytics Market (by Application), $Million, 2020-2026
Table 18:    Asia-Pacific Farm Management Software and Data Analytics Market (by Application), $Million, 2020-2026
Table 19:    Asia-Pacific Farm Management Software and Data Analytics Market (by Country), $Million, 2020-2026
Table 20:    365FarmNet: Product Portfolio
Table 21:    ABACO Group UK: Product Portfolio
Table 22:    Ag Leader Technology: Product Portfolio
Table 23:    AGCO Corporation: Product Portfolio
Table 24:    AgJunction: Product Portfolio
Table 25:    Partnerships and Joint Ventures
Table 26:    AGRIVI: Product Portfolio
Table 27:    Product Developments
Table 28:    Agroptima: Product Portfolio
Table 29:    Agworld Pty Ltd: Product Portfolio
Table 30:    BASF SE: Product Portfolio
Table 31:    Bushel Inc.: Product Portfolio
Table 32:    Merger and Acquisition
Table 33:    CLAAS KGaA mbH: Product Portfolio
Table 34:    CNH Industrial N.V.: Product Portfolio
Table 35:    CropIn Technology Solutions Private Limited: Product Portfolio
Table 36:    CropX Inc.: Product Portfolio
Table 37:    Deere & Company: Product Portfolio
Table 38:    EFC Systems: Product Portfolio
Table 39:    Farmers Edge Inc.: Product Portfolio
Table 40:    Granular, Inc.: Product Portfolio
Table 41:    Hexagon Agriculture: Product Portfolio
Table 42:    IBM Corporation: Product Portfolio
Table 43:    Raven Industries Inc.: Product Portfolio
Table 44:    SourceTrace: Product Portfolio
Table 45:    The Climate Corporation: Product Portfolio
Table 46:    Topcon: Product Portfolio
Table 47:    Trimble Inc.: Product Portfolio
Table 48:    Partnerships and Joint Ventures
Table 49:    Other Key Players Operating in Global Farm Management Software and Data Analytics Market

Figure 1:    Global Farm Management Software and Data Analytics Market, $Billion, 2020-2026
Figure 2:    Market Drivers and Challenges in Global Farm Management Software and Data Analytics Market
Figure 3:    Global Farm Management Software and Data Analytics Market (by Product), $Million, 2020-2026
Figure 4:    Global Farm Management Software and Data Analytics Market (by Application), $Million, 2020-2026
Figure 5:    Global Farm Management Software and Data Analytics Market (by Region), $Million, 2020
Figure 6:    Farm Management Software and Data Analytics Market Coverage
Figure 7:    Global Farm Management Software and Data Analytics Patent Trend (2005-2021)
Figure 8:    Year-Wise Total Number of Patents for Farm Management Software and Data Analytics Market (January 2019-October 2021)
Figure 9:    Patent Analysis (by Status) (January 2019-October 2021)
Figure 10:    Year-Wise Total Patents Filed or Granted for Farm Management Software and Data Analytics Market (January 2019-October 2021)
Figure 11:    Patents Analysis (by Organization) (January 2019-October 2021)
Figure 12:    Patents Analysis (by Patent Office) (January 2019-October 2021)
Figure 13:    Average Farm Size, Hectare, 2018
Figure 14:    Global Farm Size Under 10 Hectares, 2018
Figure 15:    Share of Key Market Strategies and Developments, October 2018-October 2021
Figure 16:    Mergers and Acquisitions (by Company), October 2018–October 2021
Figure 17:    Global Farm Management Software and Data Analytics Market (by Application)
Figure 18:    Yield Monitoring and Farm Mapping Software Offered by Key Companies Operating in Farm Management Software and Data Analytics Market
Figure 19:    Crop Scouting Software Offered by Key Companies Operating in Farm Management Software and Data Analytics Market
Figure 20:    Weather Tracking and Forecasting Software Offered by Key Companies Operating in Farm Management Software and Data Analytics Market
Figure 21:    Irrigation Management Software Offered by Key Companies Operating in Farm Management Software and Data Analytics Market
Figure 22:    Farm Economics Software Offered by Key Companies Operating in Farm Management Software and Data Analytics Market
Figure 23:    Milk Harvesting Software Offered by Key Companies Operating in Farm Management Software and Data Analytics Market
Figure 24:    Animal Health Monitoring Software Offered by Key Companies Operating in Farm Management Software and Data Analytics Market
Figure 25:    Feeding Management Software Offered by Key Companies Operating in Farm Management Software and Data Analytics Market
Figure 26:    Fertility Monitoring Software Offered by Key Companies Operating in Farm Management Software and Data Analytics Market
Figure 27:    HVAC Management Software Offered by Key Companies Operating in Farm Management Software and Data Analytics Market
Figure 28:    Lighting Management Software Offered by Key Companies Operating in Farm Management Software and Data Analytics Market
Figure 29:    Plant Development Monitoring Software Offered by Key Companies Operating in Farm Management Software and Data Analytics Market
Figure 30:    Feed Management Software Offered by Key Companies Operating in Farm Management Software and Data Analytics Market
Figure 31:    Aquatic Species Tracking Software Offered by Key Companies Operating in Farm Management Software and Data Analytics Market
Figure 32:    Water Quality Management Software Offered by Key Companies Operating in Farm Management Software and Data Analytics Market
Figure 33:    Global Farm Management Software and Data Analytics Market (by Product)
Figure 34:    On-Cloud Software Offered by Key Companies Operating in Farm Management Software and Data Analytics Market
Figure 35:    On-Premise Software Offered by Key Companies Operating in Farm Management Software and Data Analytics Market
Figure 36:    Competitive Market High and Low Matrix
Figure 37:    AGCO Corporation: R&D Analysis, 2018-2020
Figure 38:    AgJunction: R&D Analysis, 2018-2020
Figure 39:    BASF SE: R&D Analysis, 2018-2020
Figure 40:    CLAAS KGaA mbH: R&D Analysis, 2018-2020
Figure 41:    CNH Industrial N.V.: R&D Analysis, 2018-2020
Figure 42:    Deere & Company: R&D Analysis, 2018-2020
Figure 43:    IBM Corporation: R&D Analysis, 2018-2020
Figure 44:    Raven Industries Inc.: R&D Analysis, 2019-2021
Figure 45:    Trimble Inc.: R&D Analysis, 2018-2020
Figure 46:    Data Triangulation
Figure 47:    Top-Down and Bottom-Up Approach
Figure 48:    Assumptions and Limitations

Market Report Coverage

Farm Management Software and Data Analytics Market

Base Year

2020

Market Size in 2020

$1.06 Billion

Forecast Period

2021-2026

Value Projection and Estimation by 2026

$5.26 Billion

CAGR During Forecast Period

18.55%

Number of Tables

49

Number of Pages

193

Number of Figures

48

Market Segmentation

•    Application - Precision Farming, Livestock Management, Alternative Farming, Aquaculture, and others

•    Product – Software (On-Cloud Software and On-Premises Software) and Platform-as-a-Service

Regional Segmentation

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

•    South America – Brazil, Argentina, Peru, and Rest-of-South America

•    Europe – Germany, France, Italy, Netherlands, Spain, Poland, and Rest-of-Europe

•    China

•    U.K.

•    Middle East and Africa - South Africa, Saudi Arabia, and Rest-of-Middle East and Africa

•    Asia-Pacific – India, Japan, Australia, and Rest-of-Asia-Pacific

Market Growth Drivers

•    Increasing Average Farm Size

•    Increasing Demand for Agricultural Mechanization and Automation

•    Increased Government Support and Initiatives

Market Challenges

•    Threat to Farm Data Security and Privacy

•    Depleting Farm Income Leading to Less Investment in farm Management Software and Data Analytics

Market Opportunities

•    Growth in Precision Agriculture Market

•    Growth of Blockchain and Artificial Intelligence-Based Solution Providers

Key Companies Profiled

365FarmNet, ABACO Group UK, Ag Leader Technology, AGCO Corporation, AgJunction, AGRIVI, Agroptima, Agworld Pty Ltd, BASF SE, Bushel Inc., CLAAS KGaA mbH, CNH Industrial N.V., CropIn Technology Solutions Private Limited, CropX Inc., Deere & Company, EFC Systems, Farmers Edge Inc., Granular, Inc., Hexagon Agriculture, IBM Corporation, Raven Industries Inc., SourceTrace, The Climate Corporation, Topcon, Trimble Inc.

How This Report Can Add Value

Product/Innovation Strategy: The product segment helps the reader in understanding the different types of farm management software for the agriculture industry and their potential globally. Moreover, the study provides the reader a detailed understanding of the operation of different farm management software products (i.e., on-cloud software, on-premise software, and platform-as-a-service). These solutions enable seamless farm management, wherein software-based farm management solutions are the most preferred.

Key Questions Answered in the Report:

•    What is the estimated global farm management software and data analytics market size in terms of revenue for the forecast period 2021-2026, and what is the expected compound annual growth rate (CAGR) during the forecast period 2021-2026?
•    What are the key trends, market drivers, and opportunities in the market pertaining to farm management software and data analytics?
•    What are the major restraints inhibiting the growth of the global farm management software and data analytics market?
•    What kinds of new strategies are being adopted by the existing market players to strengthen their market position in the industry?
•    What is the competitive strength of the key players in the farm management software and data analytics market based on an analysis of their recent developments, product offerings, and regional presence?
•    How is the competitive benchmarking of the key management software and data analytics companies in the agriculture market based on the analysis of their market coverage and market potential?
•    How much revenue is each segment expected to record during the forecast period, along with the growth percentage? The segments are as follows:
        o    Product, including software (on-cloud and on-premise) and platform-as-a-service
        o    Application, including precision farming, livestock management, alternative farming, aquaculture, and others
        o    Region, including North America, the U.K., Europe, Asia-Pacific and Japan, China, the Middle East and Africa, and South America
•    What is the type of players and stakeholders operating in the market ecosystem of farm management software and data analytics, and what is their significance in the global market?

Report Summary

Farm Management Software and Data Analytics Market

Farm management software and data analytics solutions aim at increasing the ease in farm operations for the farmers. These software increase transparency in the field and decrease the chances of crop failure. Through farm management software, a farmer has complete information on all field activities, which can be managed through software accessed through a mobile phone or a tablet. Some of the primary benefits related to farm management software and data analytic solutions in the agricultural field include yield monitoring and field mapping, crop scouting, weather tracking and forecasting, irrigation management, and farm economics.

Since 2010, the adoption of farm management software and data analytic solutions has increased, especially by medium and large-scale farmers. Increased awareness regarding the benefits of farm management software has increased the adoption rate of these solutions. High technological advancement in some regions of the world is another driver toward the adoption of farm management software and data analytic solutions by the farmers.

Impact of COVID-19 on Global Farm Management Software and Data Analytics Market

The supply chain for the majority of the industries across the globe got impacted due to the COVID-19 pandemic, including the farm management software and data analytics industry. During the COVID-19 outbreak, the supply chain of the agriculture industry was disrupted. Companies are focusing on new strategies to develop more convenient tools to cater to the demand for food. Hence, the farm management software and data analytics industry is playing a critical role in catering to the unprecedented situation caused by COVID-19 by providing predictive analytics and insightful outputs to assist efficient crop growth and animal health.

Global Farm Management Software and Data Analytics Industry Overview

The global farm management software and data analytics market is expected to reach $5.26 billion by 2026, with a CAGR of 18.55% during the forecast period 2021-2026. The growth rate in the market is because of the increased average farm size in some regions of the world. Farm management software are primarily required to manage a large-scale farm to reduce human dependability and chances of crop failure. Another major driver toward the growth of farm management software and data analytics market is the increased government initiatives toward the upliftment of the market.

Market Segmentation

Global Farm Management Software and Data Analytics Market by Application

The global farm management software and data analytics market in the application segment is expected to be dominated by precision crop farming. High market share and growth potential associated with precision farming as an application for farm management software and data analytics is attributed to the wide range of use cases found under this farming type for agricultural software solutions.

Global Farm Management Software and Data Analytics Market by Product

The global farm management software and data analytics market in the product segment is expected to be dominated by software-based farm management solutions. The benefits of affordable pricing models, integration, scalability, and accessibility associated with software solutions are the major reasons behind the reported growth of this product offering.

Global Farm Management Software and Data Analytics Market by Region

North America generated the highest revenue of $498.95 million in 2020, which is attributed to the technological advancements in the North America region. In the region, government support along with technological advancement has helped in the growth of the market. Also, leading players in the farm management software and data analytics market are operating in the North America region, which gives a wide range of options to the growers purchasing farm management solutions. The region is expected to witness high growth of CAGR 17.47% during the forecast period 2021-2026.

Key Market Players and Competition Synopsis

365FarmNet, ABACO Group UK, Ag Leader Technology, AGCO Corporation, AgJunction, AGRIVI, Agroptima, Agworld Pty Ltd, BASF SE, Bushel Inc., CLAAS KGaA mbH, CNH Industrial N.V., CropIn Technology Solutions Private Limited, CropX Inc., Deere & Company, EFC Systems, Farmers Edge Inc., Granular, Inc., Hexagon Agriculture, IBM Corporation, Raven Industries Inc., SourceTrace, The Climate Corporation, Topcon, Trimble Inc.

Key players operating in the global farm management software and data analytics market analyzed and profiled in the study involve original equipment manufacturers (OEMs) that provide the required software for deployment in the agriculture industry. Moreover, a detailed competitive benchmarking of the players operating in the global farm management software and data analytics market has been done that will help the reader to understand how players stack against each other, presenting a clear market landscape.

FAQ's

What is the estimated growth rate of farm management software and data analytics market in the coming years?

The global farm management software and data analytics market is expected to reach $5.26 billion by 2026, with a CAGR of 18.55% during the forecast period 2021-2026.

Which are the top market players operating in the farm management software and data analytics market?

The top market players are 365FarmNet, ABACO Group UK, Ag Leader Technology, AGCO Corporation, AgJunction, AGRIVI, Agroptima, Agworld Pty Ltd, BASF SE, Bushel Inc., CLAAS KGaA mbH, CNH Industrial N.V., CropIn Technology Solutions Private Limited, CropX Inc., Deere & Company, EFC Systems, Farmers Edge Inc., Granular, Inc., Hexagon Agriculture, IBM Corporation, Raven Industries Inc., SourceTrace, The Climate Corporation, Topcon, Trimble Inc.

What are factors driving the growth of farm management software and data analytics market?

Factors driving the growth of the farm management software and data analytics market are increasing average farm size, increasing demand for agricultural mechanization and automation, and increased government support and initiatives.

What are challenges restricting the growth of the farm management software and data analytics market?

The main challenges restricting the growth of farm management software and data analytics market are threat to farm data security and privacy and depleting farm income leading to less investment in farm management software and data analytics.

What are some of the opportunities in the farm management software and data analytics market?

The potential opportunities that are likely to boost the growth of the Farm Management Software and Data Analytics Market are growth in precision agriculture market and growth of blockchain and artificial intelligence-based solution providers.

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