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(IT-NEWSWIRE.COM, August 28, 2018 ) Industry Outlook & Trend Analysis.
The Farm Management Software market was worth USD 0.67 billion in 2014 and is expected to reach approximately USD 2.19 billion by 2023 at a CAGR of 14.14%. As the world population is increasing continuously the demand for food is also rising. Hence an efficient way for farming and its management has to developed and used in order to fulfill the demands. Factors such as government initiatives to adopt modern farming techniques and management and rising focus on management of livestock are predicted to propel the market growth further.
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Type Outlook & Trend Analysis
Based on type, the market is segmented Precision Farming, Livestock Monitoring, Fish Farming, and Smart Greenhouse Farming. Precision farming holds the major share of the market at a value of USD XX and is estimated to dominate the market through the forecast period. Increasing number of diary farms and demand for reviewing the health and welfare of livestock are the major factors giving rise to livestock farming segment. Smart Greenhouse Farming includes growing plants in a very controlled environment. Due to rising urban population the Smart Greenhouse Segment will continue to grow during the forecast.
Deployment Mode Outlook & Trend Analysis
The Deployment Mode based segmentation of Farm Management software is divided into web-based and cloud-based. In comparison with web based mode of deployment the cloud based mode does not require the farmer to buy a server for functioning of the farm. All the data needed for farming such as irrigation, pest usage, seed usage, etc. is collected with help of sensors and transferred to the server where the user can manage the data and integrate system with a solution from an administrator console.
Service Provider Outlook & Trend Analysis
Based on service the fragmentation are as follows System Integration & Consulting, Maintenance & Support, Assisted Professional Services, and Managed Services. The managed services dominates the market in terms of shares and is expected to continue throughout the forecast. The managed services are further segmented as data services, farm operation services, and analytics services. The assisted professional services are also further divided into climate information services and supply chain management services.
Regional Outlook & Trend Analysis
According to the region, the Farm Management Software Market is segmented as North America, Asia-Pacific, Europe and Rest of World. The Asia-Pacific is predicted to grow lucratively with a significant CAGR during the forecast period. Japan and China are the dominant countries in the region which are making hefty investments in the R&D sections of farm management software. North America owing to government subsidies is expected to grow its farm management software market during the forecast period.
Competitive Insights
The leading players in market are Deere & Company, Trimble, AG Leader Technology, SST Development Group, AgJunction, and Raven Industries. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
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The Farm Management Software Market is segmented as follows-
By Type:
Precision Farming
Livestock Monitoring
Fish Farming
Smart Greenhouse Farming
By Deployment Mode:
Web-based
Cloud-based
By Service Provider:
System Integration & Consulting
Maintenance & Support
Assisted Professional Services
Managed Services
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Russia
Italy
Rest of Europe
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Rest of Asia-Pacific
South America
Brazil
Argentina
Columbia
South Africa
Rest of South America
Middle East and Africa
Saudi Arabia
UAE
Egypt
Nigeria
South Africa
Rest of MEA
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
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Qurate Business Intelligence
Nehal Chinoy
+919881074592
nehal@qurateresearch.com
Source: EmailWire.Com 
Source: EmailWire.com
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