Farm Management Software

The farm management software market has witnessed growth due to rise in demand for improving yield and real-time monitoring of farms, coupled with government initiatives.  Farm management software is a tool that enables farmers to track and manage farms for increasing efficiency and raising productivity of farming operations. 

Comprehensive farm management software supports use of the latest technologies such as sensor data, telematics (for example GPS guidance system for tractors), robotics and drones, etc. as a measure to support precision agriculture practices for modern farms.  The software includes features such as real-time insights, yield monitoring system, built-in accounting, field management, farm inventory management, labor management, traceability, weather records, and software collaboration.

Importance of Yield and Real-time Monitoring for Crop

Farm management software provides users with real-time reports of crop inputs, labor, and other factors that impact crop production.  Latest advancements in agriculture sensor devices help farmers to continuously monitor all the chosen parameters and provide real-time data to ensure an up-to-date status of the field and crop parameters all the time. 

In addition, there is a growing demand for a yield monitoring system, which helps the user to measure the crop/fruit yield for a specific area, map, and compare different seed varieties’ performance across the field.  Yield monitoring sensors are integrated with GPS-obtained information to help monitor the crop/fruit yield.

Farm Management Software Market Strategic Issues 

In addition to providing a five-year market forecast, the Farm Management Software Market Research provides detailed quantitative current market data and addresses key strategic issues as follows.

Strategic Issue for Users: Predictive Maintenance

When machines can make their own recommendations on when they need service or replacement, the result is a lower chance of downtime, which means no delays in harvesting and lower chances of products spoiling before they can be collected. 

Strategic Issue for Suppliers: Importance for Saving Energy

Better understanding of the average amount of energy savings from each type of farming application, similar to their own, would help users identify other ways to improve energy efficiency and trigger a red flag if a user’s system is consistently underperforming relative to other efficient buildings in its class.

Strategic Issue for All Market Participants: Economic Decline Due to COVID-19  

The COVID-19 outbreak has caused disruptions to global supply chains and business operations.  While the pandemic did not impact the 2019 demand for farm management software, the market projections do take into account industry trends with ARC’s best estimates for how COVID-19 will impact the farm management software market in different facilities.