DUBLIN, March 18, 2024 /PRNewswire/ — The “Europe Farm Management and Data Analytics Software Market – Analysis and Forecast, 2022-2027” report. was added to ResearchAndMarkets.com offer.
The Europe The farm management and data analytics software market (excluding UK) was estimated at 1.12 billion dollars 2022, which is expected to grow at a CAGR of 15.79% to reach 2.34 billion dollars until 2027
In the European market, farm management software and data analysis solutions are designed to improve the operational efficiency of farmers and simplify farming procedures. By increasing the openness of agricultural methods, these digital solutions reduce the likelihood of crop failure. Farmers can easily access all field activities with the use of farm management software, which can be easily accessed via tablet or mobile phone.
Insights into farm economics, crop scouting, weather monitoring and forecasting, irrigation management, yield monitoring and field mapping are some of the primary benefits of these technologies for the agricultural industry. Using these tools in European agriculture helps farmers make better decisions and increase their overall production.
Introduction to the market
Farm Management and Data Analytics Software Market in Europe is active, with development aimed at improving agricultural practices. These software solutions, which are designed to make farm operations more efficient, are key to giving farmers the means to improve transparency, reduce the risk of crop failure and simplify different parts of farming. Farm management software, which can be accessed on tablets or mobile phones, provides farmers with comprehensive data on field operations.
Yield monitoring, crop scouting, field mapping, weather and forecast monitoring, irrigation management and insight into farm economics are some of the important aspects. In addition to showing adherence to modernity, the agricultural sector in Europe has adopted these technologies that strategically steer towards data-driven decision-making and promote sustainable and productive farming methods.
Market segmentation:
Livestock management is expected to dominate Europe farm management software and data analytics market in applications segment. The huge market share and growth potential associated with livestock management as a farm management software and data analytics application is attributed to the wide range of applications found within the agricultural type of farming software solutions.
Product segments Europe The market for farm management software and data analytics is expected to be dominated by farm management solutions based on cloud software. The advantages of affordable price models, scalability, integration and practicality associated with software solutions are the main reasons behind the growth of this product offer.
The Europe The farm management and data analytics software market is expected to be dominated by managed services in the product segment. Managed services include various services such as data, analytics, farm management, supply chain management and climate information services. They deliver architecture-oriented services and solutions, providing numerous benefits to the organization, including improved information flow, configuration flexibility, the ability to rapidly build new functionality, and advanced integration capabilities. Thus, a large market share in the managed services segment is owed to market players that provide a service-oriented architecture that aligns business goals with the IT environment.
An analyst’s view of the European farm management and data analytics software market
Adoption of farm management software is higher in developed countries due to factors such as availability of technology, 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. Efforts are being made to increase the rate of adoption in developing countries through programs and initiatives aimed at improving agricultural productivity and sustainability.
How can this report add value to end users?
Product Strategy/Innovation: The product segment helps the reader understand the different types of farm management software for the agriculture industry and their potential in Europe region. Moreover, the study provides the reader with a detailed understanding of various farm management software and data analysis products by application (precision agriculture, livestock management, aquaculture and forestry) and precision agriculture (yield monitoring and farm mapping, crop scouting, weather monitoring and forecasting, management irrigation and farm economics).
Growth Strategy/Marketing Strategy: The Europe The farm management and data analytics software market has witnessed significant development by key players operating in the market such as business expansion, partnership, collaboration, and joint venture. A favored strategy for companies has been business expansion to strengthen their positions in the farm management software and data analytics market.
Competitive Strategy: Key Players in Europe The farm management software and data analytics market analyzed and profiled in the study includes farm management software and data analytics service providers that provide tools and technologies. Moreover, detailed competitive benchmarking of the players operating in the Europe farm management software and data analytics market is done to help the reader understand how the players stack up against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will help the reader understand untapped revenue pockets in the market.
Key questions answered in the report
- What is estimated Europe Farm Management Software and Data Analytics Market size in terms of revenue for the forecast period 2022-2027, and what is the expected Compound Annual Growth Rate (CAGR) during the forecast period 2022-2027?
- What are the main constraints that inhibit growth Europe farm management software and data analytics market?
- What types of new strategies are the existing market players adopting to strengthen their market position in the industry?
- What is the competitive strength of the key players in the Farm Management Software and Data Analytics market based on the analysis of their recent developments, product offerings, and regional presence?
- How much revenue is expected from each segment during the forecast period, along with the percentage growth?
Some of the prominent names established in this market are:
- Accenture
- AGRIVA
- Amazon Web Services, Inc.
- BASF SE
- CNH Industrial NV
- Syngenta AG
- Pro-farmer
- Yara International ASA
- OneSoil
- Vidacycle
Key topics covered:
1 Markets
1.1 Industry Outlook
1.1.1 Market definition
1.1.2 Trends
1.1.2.1 Growing demands for crop yield
1.1.2.1.1 The growing need to combat climate change
1.1.2.1.2 Increasing the size of the agricultural holding
1.1.2.2 Expansion of technological progress in agriculture
1.1.2.2.1 Increasing the implementation of agricultural technology-as-a-service
1.1.2.2.2 5G: Boost for farm management and data analytics services
1.1.3 Ecosystem/ongoing programs
1.1.3.1 Consortia and associations
1.1.3.2 Regulatory bodies
1.1.3.3 State programs
1.2 Business dynamics
1.2.1 Drivers
1.2.1.1 Increasing demand for food
1.2.1.1.1 The need to reduce crop losses
1.2.1.1.2 Reduction of labor availability
1.2.1.2 The need for automation and mechanization
1.2.1.3 Increased Government support
1.2.2 Challenges
1.2.2.1 Farm data security threat leading to low investment
1.2.2.2 Technological challenges hinder development
1.2.2.2.1 Complexities due to lack of infrastructure
1.2.2.2.2 Lack of interoperability management
1.2.3 Market strategies and development
1.2.3.1 Business strategies
1.2.3.1.1 Product launch
1.2.3.1.2 Business expansion
1.2.3.2 Corporate strategies
1.2.3.2.1 Mergers and acquisitions
1.2.3.2.2 Partnerships, collaborations and joint ventures
1.2.3.2.3 Overview of corporate strategies adopted by key players in the market
1.2.4 Options
1.2.4.1 Rise in the integration of upcoming technological achievements
1.2.4.1.1 Increasing adoption of modern technologies
1.2.4.1.2 Growth of AI and Blockchain-Based Solution Providers
1.2.4.1.3 Integral offers with horizontal integration in agriculture
1.2.4.2 Improved services for farmers in rural areas
1.2.4.2.1 Penetration of innovative wireless networks
1.2.4.2.2 Scope of development of accessible solutions
1.2.5 Case studies
1.2.5.1 SourceTrace
1.2.5.2 AGRIVI
1.2.5.3 AgriWeb
1.3 The impact of COVID-19 on the market for farm management software and data analysis
1.4 Initial landscape
1.4.1 Key startups in the ecosystem
1.4.1 Analysis of financing
1.4.1.1 Total investments and number of financing agreements
1.4.1.2 The best investments of market players
2 Region
2.1 Europe
2.1.1 Market
2.1.1.1 Key service providers in Europe
2.1.1.2 Business drivers
2.1.1.3 Business challenges
2.1.2 Application
2.1.2.1 Europe Farm Management and Data Analytics Software Market (By Application), USD Million, 2021-2027.
2.1.2.2 Europe Farm Management and Data Analytics Software Market (by Precision Farming), USD Million, 2021-2027.
2.1.3 Product
2.1.3.1 Europe Farm Management and Data Analytics Software Market (By Product), USD Million, 2021-2027
2.1.3.2 Europe Farm Management and Data Analytics Software Market (by Software Type), USD Million, 2021-2027.
2.1.3.3 Europe Farm Management Software and Data Analytics Market (By Provider), USD Million, 2021-2027.
2.1.4 Europe (per country)
2.1.4.1 Germany
2.1.4.2 France
2.1.4.3 Netherlands
2.1.4.4 Italy
2.1.4.5 Spain
2.1.4.6 Belgium
2.1.4.7 Switzerland
2.1.4.8 Greece
2.1.4.9 Ukraine
2.1.4.9.1 Market
2.1.4.10 turkey
2.2 UK
3 markets – competitive comparative analysis and company profiles
3.1 Comparison of competitors
3.2 Market share analysis
3.2.1 Market Share Analysis of Farm Management Software and Data Analytics Companies
3.3 Company Profiles
3.3.1 Company overview
3.3.1.1 Market role of farm management software and data analysis
3.3.1.2 Product portfolio
3.3.1.3 Target customers
3.3.2 Business strategies
3.3.2.1 Business expansion
3.3.3 Corporate strategies
3.3.3.1 Mergers and acquisitions
3.3.4 Analytical view
For more information on this report, visit https://www.researchandmarkets.com/r/4nvc7w
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