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Americas Farm Management Software and Services Market Is Booming Worldwide | Bis Research

BIS Research
Americas Farm Management Software and Services Market Is Booming Worldwide | Bis Research

Augmented demand for high-quality yields and changes in farming structures across the Americas have promoted the development of innovative business models for farm management. The regional demand for agricultural outputs is expected to exhibit a robust increase; however, the acreage cultivated in the region will rise only marginally. Finding ways to cater to the ever increasing demand for food from the limited farmlands requires solutions that would help improve the productivity of the farm.

Read Report Overview: Americas Farm Management Software and Services Market

Farm management software and services assist in managing all the farm activities so that the farm yields better results. Farm management software ensures the utilization of each acre of a farm to its maximum potential. These software also help in ensuring that the application of fertilizer or crop protection chemicals and the irrigation of fields is effective and done in precise quantities. Moreover, farm management software solutions also find applications in the management of livestock and aquaculture, as well as in indoor farming control systems. The market for such solutions is expected to progress at a substantial rate due to the ever-growing affinity for more convenient cloud storage which has been widely incorporated in farm management software.

A dominant market share in the Americas is contributed by the U.S. and Canada. Both the countries are expected to maintain their market dominance during the forecast period. However, during the forecast years, market growth optimism is expected to increase for countries such as Brazil, Argentina, Colombia, Chile, and Uruguay, among others. The high market growth in these countries is attributed to the continuous investment by the government in the technological development of the agricultural sector. In 2018, the U.S. is expected to maintain its dominance in the regional farm management software and services market. Leading companies in the farm management software and services market have their headquarters in the Americas. These include Trimble Inc. (U.S.), Iteris Inc. (U.S.), Hexagon Agriculture (Brazil), Conservis Corporation (U.S.), Farmers Edge (Canada) and The Climate Corporation (U.S.), among others.

This market research study offers a wide perspective of the different types of delivery models and applications pertaining to the Americas farm management software and services and analyzes its impact on the farming sector of the region by providing critical insights into the direction of its future expansion. The research is based on extensive primary interviews (in-house experts, industry leaders, and market players) and secondary research (a host of paid and unpaid databases), along with the analytical tools that have been used to build the forecast and the predictive models.

The report further includes a thorough analysis of the impact of the five major forces to understand the overall attractiveness of the industry. The report also focuses on the key developments and investments made in the Americas farm management software and services market by the players and government.

Competitive Landscape

The competitive landscape for the Americas farm management software and services market demonstrates an inclination towards companies adopting strategies such as product launch, technology development, and partnerships and collaborations. The major established players in the market are focusing on product launches and developments to introduce new technologies or developing further on their existing product portfolio. Farmers Edge introduced Corn Manager farm management platform in May 2017 helping the growers with tools for tracking corn growth, planning nitrogen applications, and visualizing overall crop health and variability. Similarly, in February 2017, Deere & Company introduced the John Deere Connect Mobile App to help farmers monitor, adjust and learn from the performance of their planter or sprayer while it moved through the field.

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Increasing R&D investments and appropriate regulatory environments is a prerequisite for sustained growth of this market. Various governments and private research institutes, regulatory bodies and associations are putting in substantial efforts to identify how farm management software can be important for meeting the food production demand. Adoption of sophisticated farming techniques is necessary to fulfill the increasing demand for food. Farm management software not only makes farming more productive, it also helps in attracting the youth towards farming and agriculture.

Key Questions Answered in this Report

  • What is the Americas farm management software and services market size in terms of revenue along with the growth rate during the forecast period 2018-2023?
  • What is the revenue generated by farm management software and services for different applications? 
  • What are the major types of delivery models in the farm management software and services market?
  • What are the key trends and opportunities in the market pertaining to countries included in the region?
  • How attractive is the market for different stakeholders present in the industry through analysis of the futuristic scenario of Americas farm management software and services market?
  • What are the major driving forces that are expected to increase the demand during the forecast period?
  • What are the major challenges inhibiting the growth of the Americas farm management software and services market?
  • What kinds of new strategies are being adopted by the existing market players to expand their market position in the industry?
  • What is the competitive strength of the key players in the Americas farm management software and services market through analysesof their recent developments, product offerings, and regional presence?

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