The global farm management software market to grow at a CAGR of 16.81% during the period 2016-2020.
Global Farm Management Software Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
A trend which is helping to boost market growth is the increased use of UAVs. Farm management software requires accurate information about agricultural land to optimize land management. Therefore, UAVs are increasingly used in the initial stages of agriculture projects for field management. UAVs acquire data using remote sensors and produce thermal, lidar, and multispectral imaging. Also, they are eco-friendly and do not pollute the atmosphere as they use solar or electric power. Many companies offer UAVs for efficient farming.
According to the report, a key growth driver is the increased IPR in agriculture. Ancient methods of agriculture are incapable of handling the increased demand for food. Hence, innovation in the agriculture industry is required to invent more efficient and productive ways of farming to balance the demand and supply. However, the R&D in agriculture is a highly extensive business, predominantly managed by private funding. Unlike processes funded by the public, private institutions impede the process of innovation when the system does not generate revenue as expected. Revenues have direct impact on these institutions and investors. Hence, if the rights and interests of these institutions are not safeguarded, it can have an adverse effect on the R&D process.
Further, the report states that one challenge that could hamper market growth is data management.
- N.S.T. New Science Technologies
Other prominent vendors
- Farm Works
- WMS (Wine Management Systems)
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Technology life cycle
Part 07: Market attractiveness
Part 08: Geographical segmentation
Part 09: MEA
Part 10: Market drivers
Part 11: Impact of drivers
Part 12: Market challenges
Part 13: Impact of drivers and challenges
Part 14: Market trends
Part 15: Impact of trends
Part 16: Five forces analysis
Part 17: Vendor landscape
Part 18: Key vendors
Part 19: Other prominent vendors of farm management software
Part 20: Precision farming vendor profiles
Part 21: Other prominent vendors in precision farming