Farm management software and data analytics solutions aim at increasing the ease of farm operations for farmers. This software increases transparency in the field and decreases the chances of crop failure.
The Europe farm management software and data analytics market (excluding the U.K.) was valued at 2 billion in 2022 and is expected to grow with a CAGR of 15.79% and reach $2.34 billion by 2027.
Within the European market, software and data analytics solutions for farm management are designed to enhance the operational efficiency of farmers and streamline agricultural processes.
BIS Research, a leading market research firm, has released a report titled “Europe farm management software and data analytics market,” which discusses the challenges, growth factors, and future opportunities driving the remarkable growth of the farm management software market.
The Europe farm management software and data analytics market report focuses on applications, products, service providers, and country segments.
The Europe market for farm management software and data analytics solutions is dynamic, focusing on enhancing agricultural practices. These solutions, vital for improving efficiency and reducing risks in farming, offer accessible and extensive data on field operations via tablets or mobile phones.
The global farm management software and data analytics market was valued at $3.56 billion in 2022, which is expected to grow with a CAGR of 15.39% and reach $7.28 billion by 2027.
The Europe farm management software and data analytics market in the product segment is expected to be dominated by managed services, holding a $785.2 million market share in 2021 in Europe.
Moreover, livestock management holds a substantial market share and growth potential as an application for farm management software and data analytics, reaching a market share of $480.2 million in 2021.
Some of the prominent names established in this market are:
Regulatory advancements, ongoing research, and collaboration between industry leaders are contributing factors in the growth of the Europe farm management software and data analytics market.
Since 2010, farm management software and data analytics solutions have gained traction, particularly among medium and large-scale farmers, driven by heightened awareness of their benefits.
The following are the drivers for the global farm management software and data analytics market:
The market is expected to face some limitations as well due to the following challenges:
The Europe farm management software and data analytics market report provides a credible global and regional market analysis. The report profiles existing and upcoming products, types, applications, end users, and key players in the market.
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According to Debraj Chakraborty, Principal Analyst at BIS Research, “Farm management software adoption is higher in developed countries due to factors such as technology availability, high-speed internet access, and technological literacy among farmers. In contrast, adoption rates are lower in developing countries, particularly in rural areas with limited technology and internet connectivity.”
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