Europe Farm Management Software and Services Market Trend Analysis by BIS Research
Augmented demand for high-quality yields and changes in farming structures across Europe have promoted the development of innovative business models for farm management. The demand for agricultural output in Europe is expected to increase heavily. However, the acreage cultivated in the region will rise only marginally. Finding ways to cater to the ever-increasing demand for food from the limited farmlands requires solutions that would help improve the productivity of the farm. To address the escalating demand for food from the limited farmlands and labor, the established agriculture machinery developers and technology vendors are introducing innovative solutions to the farming arena.
Read Report Overview: Europe Farm Management Software and Services Market
These solutions are focused on helping farmers close the supply demand gap, by ensuring high yields, profitability, and protection of the environment. Use of such advanced solutions allows farmers to acquire enormous amount of site-specific data that can be applied to improve decision-making.
Farm management software and services assist in managing all the farm activities, so that the farm yields better results. Farm management software ensures the utilization of each acre of a farm to its maximum potential. This software also helps in ensuring that the application of fertilizer or crop protection chemicals and the irrigation of fields are effective and in precise quantities. Moreover, farm management software solutions also find applications in the management of livestock and aquaculture and in indoor farming control systems. The market for such solutions is expected to progress at a substantial rate due to the ever-growing affinity for more convenient cloud storage, which has been widely incorporated in the farm management software.
The increasing farm size in most of the regions further promotes the growth of the farm management software and services market, as the need of software is more in larger farms where more data is generated, and its collection and analysis are more complicated.
The concept of farm management software and services market revolves around the type of delivery model. Delivery model refers to the method by which a company provides its services to the customers. Farm management services can be provided with a server located in the farm premises or outside. If the server is located within the farm premises, it is termed as on-premise delivery, while if the server is not within the premises, it is termed as cloud-based delivery. On premise delivery model was most commonly used in early 2000s, but the rise of web and the easy access to data has made cloud-based delivery model more common. Farm management software and services have applications covering most of the farming types including precision crop farming, livestock monitoring and management, indoor farming, aquaculture, and others (forestry and orchids).
A dominant market share in the European nation is contributed by Germany, U.K., and France and is expected to continue during the forecast years. However, of late, there has been an increasing optimism regarding the Eastern European markets of Poland, Czech Republic, and Austria. The Common Agriculture Policy (CAP) has played a significant role in changing the scenario of the agricultural sector in Europe. Germany is expected to dominate the regional farm management software and services market in the year 2018. The leading companies in the farm management software and services market have their headquarters in European countries. These include Agrivi (U.K.), Datalogisk A/S (Denmark), Agrovision B.V. (Netherlands), and Abacus Agriculture (U.K.), among others.
Competitive Landscape
The competitive landscape for the farm management software and services market demonstrates an inclination toward companies adopting strategies such as product launch and development and partnerships and collaborations. The major established players in the market are focusing on product launches and developments to introduce new forms of innovations. Trimble Navigation, Iteris Inc., AgJunction, Ag Leader, The Climate Corporation, Hexagon Agriculture, Raven Industries, and Topcon Positioning Systems were the most prominent names that surfaced in 2017 in this regard. These companies launched various new products and brought new developments to their existing products to expand their share in the market.
The need for more R&D and appropriate regulatory environment is a prerequisite for the sustained growth of this market. Various governments and private research institutes and regulatory bodies and associations are putting in substantial efforts to identify how farm management software can be important for required food production. The need for sophisticated farming techniques is necessary to fulfill the increasing demand for food. Farm management software not only makes farming more productive but also helps in attracting the youth toward farming and agriculture.
Request A Sample: https://bisresearch.com/requestsample?id=581&type=download
Key Questions Answered in this Report
- What is the Europe farm management software and services market size in terms of revenue along with the growth rate during the forecast period 2018–2023?
- What is the revenue generated by farm management software and services for different applications in Europe?
- What are the major types of delivery models in the farm management software and services market in Europe?
- What is the revenue generated by farm management software and services for different applications?
- What are the major types of delivery models in the farm management software and services market?
- What are the key trends and opportunities in the market pertaining to countries included in the region?
- How attractive is the market for different stakeholders present in the industry by analyzing the futuristic scenario of the Europe farm management software and services market?
- What are the major driving forces that are expected to increase the demand during the forecast period?
- What are the major challenges inhibiting the growth of the Europe farm management software and services market?
- What kind of new strategies have been adopted by the existing market players to expand their market position in the industry?
- What is the competitive strength of the key players in the Europe farm management software and services market by analyzing their recent developments, product offerings, and country presence?
