Farm management software: Key market research findings
- Growing use of UAVs
- High adoption of precision farming globally
- Leading vendors are Agrimap, Agrimaster, Agrinavia, Agrivi, Agroptima, N.S.T. New Science Technologies, Granular, and iAgri
Technavio has released a new report on the global farm management software market, which is anticipated to grow at a CAGR of almost 17% between 2016 and 2020. Farm management is primarily used for crop management purposes where the farm management software allows farmers to gather data from farm equipment to detect the soil containing nitrogen, water requirements, and leveling of surface for cultivation. The software provides various options for farmers to start cultivation, based on the input received from the sensors and helps farmers to make real-time decisions for cultivation and other financial aspects. North America accounted for around 50% of the total market share in 2015. Much of the region’s growth is due to the availability of arable lands, which extends over large hectares and high adoption of precision farming techniques.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“As the farm management software requires accurate information to optimize land management, several unmanned aerial vehicles (UAVs) are 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. Such benefits have prompted many companies to offer UAVs for efficient farming,” says Amrita Choudhury, Lead Analyst, ICT, Technavio Research
Precision farming is rapidly being adopted in developed countries to improve crop performance, which leads to high crop production. There are several advantages associated with the use of precision farming such the use of farm management software which helps in proper utilization of fertilizers leading to less wastage of resources, saving cost and time. The data obtained from remote sensors help in proper monitoring of crops and soil and provides real-time data regarding soil moisture, evapotranspiration, and electrical conductivity. Precision farming also prevents nitrate leaching and groundwater contamination by enhancing the agricultural products.
The global farm management software market is an integral part of the precision farming software market, which includes automation and control systems and sensing and monitoring devices. The market is fragmented owing to the presence of many small and large players who continually compete to gain maximum market shares.
A more detailed analysis is available in the Technavio report, Global Farm Management Software Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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