Farm Management Software Market Size

Statistics for the 2023 & 2024 Farm Management Software market size, created by Mordor Intelligence™ Industry Reports. Farm Management Software size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Farm Management Software Industry

Farm Management Software Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 2.75 Billion
Market Size (2029) USD 4.67 Billion
CAGR (2024 - 2029) 11.20 %
Fastest Growing Market Asia Pacific
Largest Market North America

Major Players

Farm Management Software Market Major Players

*Disclaimer: Major Players sorted in no particular order


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Farm Management Software Market Analysis

The Farm Management Software Market size is estimated at USD 2.75 billion in 2024, and is expected to reach USD 4.67 billion by 2029, growing at a CAGR of 11.20% during the forecast period (2024-2029).

  • The adoption of farm management software is increasing every year, with farmer needs shifting toward high productivity and return on investments. The development of customized technological systems for research testing, comprising various hardware and software that are easily accessible by the farmers, is accelerating the growth of the farm management software market.
  • The growth of the farm management software market is also largely driven by the increasing agricultural activities and increasing need for real-time data for decision-making. Machine learning and Artificial intelligence are becoming the mainstream technologies for various farming applications, such as precision farming, livestock monitoring, fish farming, and smart greenhouse practices. They manage the data exchanged between hardware equipment and individuals to streamline the farm management process.
  • Furthermore, governments are taking initiatives to encourage the adoption of modern agricultural technologies. For instance, in October 2021, the UK Department for Environment, Food and Rural Affairs (Defra) and UK Research and Innovation partnered to launch a funding program aimed at driving the adoption of innovative technology in the agricultural sector to improve the profitability of the farmers.
  • Innovation is a vital factor in addressing the challenges faced by the agricultural sector. The penetration of artificial intelligence and machine learning has simplified data management activities such as planning, purchasing, feeding, harvesting, marketing, and inventory control. New ideas, technologies, and processes, such as farm management software, will play a key role in helping farmers, growers, and businesses to become more productive, which will result in the growth of the market studied during the forecast period.

Farm Management Software Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)