The farm management software market size is projected to reach US$ 5.64 billion by 2031 from US$ 2.65 billion in 2023. The market is expected to register a CAGR of 9.9% during 2023–2031. Integration of software with IoT is likely to remain a key trend in the market.
In the digital era, technology emerges as a transformative force, providing Farm Management Software (FMS) as a powerful tool to navigate the challenges of modern agriculture. Embracing a sustainable agriculture journey requires more than just planting seeds; it requires smart and efficient farm management. From optimizing resource utilization to enhancing productivity and environmental stewardship, FMS is a crucial component. Farm management software employed in an agricultural operation, costs are reduced, yields are increased, product quality is improved, profits are increased, and operational risk is reduced.
Farm management software is crucial in advancing sustainable agriculture by enhancing efficiency, resource utilization, and decision-making. It facilitates farmers to optimize crop yields, monitor environmental impacts, and promote responsible practices for long-term agricultural sustainability. Farm management is a valuable tool for farmers, providing a simplified approach to their operations, improved resource management, and the implementation of sustainable farming practices. By providing farmers with data-driven insights, these tools enable informed decision-making, promoting environmental sustainability, economic viability, and long-term sustainability in agriculture. The integration of data analytics into farm management facilitates improved decision-making. Farmers can make informed decisions by analyzing historical and real-time data on weather patterns, soil health, and crop performance. This facilitates them to adapt strategies quickly, respond to challenges effectively, and ultimately maximize productivity.
By utilizing the following technologies, farmers can meet the growing demands for food while minimizing environmental impact and conserving natural resources. Due to this, farmers across the globe are utilizing precision farming. For example, according to the DEFRA (ministerial department) survey UK farmers use precision farming to increase productivity or performance (78%), to improve accuracy (59%), and to reduce input costs (55%). Precision farming utilizes advanced technology such as GPS, remote sensing, and data analytics to enhance farming practices. By collecting and analyzing data on soil conditions, crop health, and weather patterns, farmers can make precise decisions regarding irrigation, fertilization, and pest control. This targeted approach minimizes resource wastage, reduces environmental impact, and enhances overall productivity. Farm Management Software utilizes GIS and satellite imagery to create detailed maps of farm fields. These tools enable farmers to evaluate soil variations, optimize seed planting, and precisely apply inputs such as fertilizers and pesticides where they are needed. Thus, increased usage of precision farming drives the growth of the farm management software market.
Smart farming uses equipment that is integrated with advanced sensors and cameras. Smart farming is a management concept that aims to provide the agricultural business with the infrastructure it needs to use advanced technologies, such as the cloud, big data, and the Internet of Things (IoT), to track, automate, monitor, and analyze activities. It is controlled by software and monitored by sensors. Moreover, various entities are using smart farming to increase their production. For example, in February 2021, AKVA Group entered into a five-year agreement with Trollvika Drift AS for the installation of 45 SmartEye Precision HD cameras with AKVAconnect 4 camera system controls at various locations across Norway. Thus, the increasing use of smart farming is forcing the use of new technologies such as IoT, AI, and others. Thus, increasing smart farming creates opportunities for the farm management software market.
Key segments that contributed to the derivation of the farm management software market analysis are component, deployment type, and application.
The geographic scope of the farm management software market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America. North America exhibits a strong adoption of precision agriculture practices, efficient resource management, and a focus on sustainability, all of which drive the demand for advanced farm management software solutions. Additionally, the increasing emphasis on data-driven decision-making and continuous technological advancements contribute to North America's significant market share. These factors empower farmers to optimize their operations, enhance productivity, and maintain a competitive edge in the ever-evolving agricultural sector. Another significant factor driving the market is the growing emphasis on data-driven decision-making in agriculture.
The regional trends and factors influencing the Farm Management Software Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Farm Management Software Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2024 | US$ 2.91 Billion |
| Market Size by 2031 | US$ 5.64 Billion |
| Global CAGR (2025 - 2031) | 9.9% |
| Historical Data | 2021-2023 |
| Forecast period | 2025-2031 |
| Segments Covered |
By Component
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Farm Management Software Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Farm Management Software Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The farm management software market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the farm management software market are listed below:
The “Farm Management Software Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
The List of Companies
1. Ag Leader Technology
2. BouMatic
3. Conservis
4. Deere and Company
5. DeLaval
6. Farmers Edge Inc.
7. Iteris, Inc.
8. Proagrica
9. Raven Industries, Inc.
10. Trimble Inc.
The market is expected to register a CAGR of 9.9% during 2023–2031.
The global farm management software market is expected to reach US$ 5.64 billion by 2031.
Integration of IoT to play a significant role in the global farm management software in the coming years.
The leading players operating in the global farm management software market are Ag Leader Technology, BouMatic, Conservis, Deere and Company, DeLaval, Farmers Edge Inc., Iteris, Inc., Proagrica, Raven Industries, Inc., Trimble Inc., Corteva, Samsara Inc., Herdwatch, Tend, zuper.co, AGRIVI, Cropin Technology Solutions Private Limited, Shivrai Technologies Pvt. Ltd., Pru Apps Pvt. Ltd., and Farmbrite.
Increased usage of precision farming is the major factors that propel the global farm management software market.
North America dominated the farm management software market in 2023.