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Global Farm Management Software Market 2018-2022| Rising Popularity of Precision Farming to Drive Growth| Technavio

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Technavios global farm management software market research report forecasts the market to grow at a CAGR of over 16% during the forecast period.

The usage of farm management software for virtual fencing will be one of the major trends in the global farm management software market during 2018-2022. The herding of animals while grazing is a labor-intensive job, particularly in large farms. The grazing areas should be protected by fences to prevent animals from straying away. Installing fences around a large farm necessitate periodic maintenance and additional costs. Livestock software provides the option of virtual fencing that eliminates the need for physical fences.

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According to Technavio analysts, one of the key drivers for the global farm management software market is the growing popularity of precision farming:

Global farm management software market: Growing popularity of precision farming

Precision farming uses hardware and software tools to maximize farm production with fewer inputs. The software tools are used for purposes such as managing fertilizer input, monitoring crops, and managing tasks on the farm. The software tools use data collected from hardware, including crop yield and moisture content in the oil for monitoring crops.

According to a senior analyst at Technavio for research on power, Precision farming includes yield and soil mapping applications with input management. The yield and soil mapping are done by geographic information system software packages. These display desired data such as yield and soil nutrient information on a map. An easy-to-understand view about the yield and soil nutrient variability in the form of a map is helpful as farmers need to increase yield and improve soil nutrient concentration.

Global farm management software market: Segmentation analysis

This global farm management software market analysis report provides market segmentation by application (precision farming, livestock monitoring, aquaculture, and others) and by region (the Americas, APAC, and EMEA). This report provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

Of the three major applications, the precision farming segment held the largest farm management software market share in 2017, contributing to approximately 71% of the market. This application segment will dominate the global market throughout the forecast period.

The EMEA region held the largest share of the market in 2017, accounting for close to 41% share. It was followed by the Americas and APAC respectively. The EMEA region is expected to dominate the market throughout the period 2018-2022.

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Technavios sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavios report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavios comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

Technavio Research
Jesse Maida
Media & Marketing Executive
US:
+1 844 364 1100
UK: +44 203 893 3200
www.technavio.com

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