Farmers are increasingly focusing on driving down operational costs and increasing farm efficiency in order to attain profitability. The growth in data analytics for intelligent decision-making with the help of the different types of solutions is transforming the agriculture industry. Conventionally, the farm management software and data analytics in the agriculture industry were offered as software solutions. However, for the past five years, a new solution model and a mode of solution offering have emerged. These are based on a cloud-based customized model in which the user (company/individual) can design its software solution as per the need. This solution model is popularly termed as Platform-as-a-Service (PaaS). Presently, farm management software and data analytics companies in agriculture also offer these services as solution offerings.
The utilization of farm management software and data analytics is revolutionizing farm operations with increased efficiency and control of farmers over the yield. The different types of analytical tools are employed for different applications such as yield monitoring and forecasting, record keeping, farm mapping, aquatic species tracking and navigation, animal health monitoring and comfort, among others. Understanding and analyzing the patent landscape is necessary in order to recognize the developments that are occurring in the industry.
The companies operating in the farm management software and data analytics market have been adopting strategies such as partnerships, collaborations and joint ventures, and product launches and developments. The farm management software and data analytics market comprise four types of players, namely precision crop farming companies, livestock monitoring and management companies, indoor farming companies, and aquaculture software providers companies. Some of the most prominent precision crop farming software providers companies in farm management software and data analytics include AgJunction, 365FarmNet Gmbh, AgLeader Technology, Agrinavia, Agrivi, AGROPTIMA, aWhere, BASF SE, Farmers Edge, FarmLogs, Granular Inc., Hexagon Agriculture, and Source trace System, among others. Similarly, some of the prominent livestock monitoring and management software companies include Afimilk Ltd., AgriWebb, Boumatic LLC, Connectera, Dairy Master, Delaval, Fullwood Packo, GEA group, Lely S.a.r.l, and Valley Agricultural Software, among others. The leading indoor farming software providers include MotorLeaf Inc., Aetemis, Infarm - Indoor Urban Farming Gmbh, Lettus Grow Ltd., and Tenacious Solution Ltd., among others. Similarly, leading aquaculture software provides include, Aquabyte, Xpertsea, Aquanetix, Chetu, and Eruvaka Technologies, among others.
Obtain the Sample Report at: https://bisresearch.com/requestsample?id=999&type=download
The impact analysis of the factors that significantly affect the market, namely drivers, restraints, and opportunities, have been evaluated as per the market scenario during the forecast period. Major developments and strategies that have been undertaken by some of the key players in this market have been considered for the evaluation of the impact analysis. Additionally, product launches from companies and regulations from regulatory bodies have also been considered while evaluating the dynamics of the farm management software and data analytics market.
With the increasing growth in the global market, companies operating in this industry are compelled to develop collaborative strategies to sustain in the intensely competitive market.
For instance, in March 2020, Farmers Edge entered into a partnership with Nufarm Brasil Strike Landmark to digitize three million acres of agricultural land in Brazil.
Strategies such as product launch and development have also been significantly employed by the players across the supply chain to expand in the farm management software and data analytics market.
For instance, in Feb 2020, Agrinavia introduced a new online tool Atfarm, to make simple and precise digital optimization for the farmers.
The Climate Corporation, in Jan 2017, unveiled more than 35 projects in its research and development pipeline and announced plans to expand its Climate FieldView digital agriculture platform into new international geographies over the next few years.Moreover, extensive R activities and appropriate regulatory environments are also prerequisites for the sustained growth of this market.
Various government and private research institutes and favorable trade policies are putting in substantial efforts to identify the benefits of these advanced solutions for augmenting global food production.
The newly added Farm Management Software market research report by Value Market Research disclose all the important information associated with the market such as value, growth factor, trends, market share, size, and challenges for the forecasted timeline 2020-2027.
Further, this report also highlights smart strategy adopted by major players and also their market share.
Basically, this report is designed to give a proper understanding of industry structure and competition intensity attractiveness.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the farm management software market include AG Leader Technology, AgJunction, Deere & Company, Raven Industrie, Topcon Positioning Systems, Trimble, BouMatic, GEA Group, SST Development Group ,Iteris, DICKEY-john,The Climate Corporation, FARMERS EDGE, and DeLavalS.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Farm Management Software Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/farm-management-software-market/download-sampleMarket DynamicsThe rising implementation of cloud computing for real-time farm data management across the globe is the primary factor driving the farm management software market.
Also, increasing adoption of site-specific crop management by the farmers to improve crop yields and get the necessary information for taking farm management decisions contributes to the farm management software market's growth.
