PUBLISHER: BIS Research | PRODUCT CODE: 1382597
PUBLISHER: BIS Research | PRODUCT CODE: 1382597
“The Europe Farm Management Software and Data Analytics Market (excluding U.K.) Expected to Reach $2,345.7 Million by 2027.”
The Europe farm management software and data analytics market (excluding U.K.) was valued at $1,127.1 million in 2022, which is expected to grow with a CAGR of 15.79% and reach $2,345.7 million by 2027. In the European market, farm management software and data analytics solutions are made to improve farmers' operational efficiency and simplify agricultural procedures. By increasing farming methods' openness, these digital solutions lower the likelihood of crop failure. Farmers may easily access all field activities with the use of farm management software, which can be simply accessible through tablets or mobile phones. Insights into farm economics, crop scouting, weather tracking and forecasting, irrigation management, yield monitoring, and field mapping are some of the agricultural industry's primary benefits of these technologies. Using these tools in European agriculture helps farmers make better decisions and increase their overall production.
KEY MARKET STATISTICS | |
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Forecast Period | 2022 - 2027 |
2022 Evaluation | $1,127.1 Million |
2027 Forecast | $2,345.7 Million |
CAGR | 15.79% |
The market for farm management software and data analytics in Europe is active, with developments centered on improving agricultural practices. These software solutions, which are designed to make farm operations more efficient, are essential in giving farmers the means to improve transparency, reduce crop failure risk, and simplify different parts of agriculture. Farm management software, which can be accessed on tablets or mobile phones, provides farmers with extensive data on field operations. Yield monitoring, crop scouting, field mapping, weather tracking and forecasts, irrigation management, and insights into farm economics are some of the important aspects. In addition to showing a dedication to modernity, the agricultural sector in Europe has adopted these technologies, which strategically point towards data-driven decision-making and promote sustainable and fruitful farming methods throughout
Livestock management is expected to dominate the Europe farm management software and data analytics market in the application segment. The huge market share and growth potential associated with livestock management as an application for farm management software and data analytics is attributed to the broad range of applications found under the farming type for agricultural software solutions.
The product segment's Europe farm management software and data analytics market is expected to be dominated by on-cloud software-based farm management solutions. The benefits of affordable pricing models, scalability, integration, and convenience associated with software solutions are the primary reasons behind the growth of this product offering.
The Europe farm management software and data analytics market in the product segment is expected to be dominated by managed services. Managed services include various services such as data, analytics, farm operation, supply chain management, and climate information services. They deliver service-oriented architecture services and solutions, providing many benefits to an organization, including enhanced information flow, configuration flexibility, ability to build new functionalities, and advanced integration capabilities quickly. Thus, the vast market share of managed services segment is due to the market players providing a service-oriented architecture that aligns the business objectives with the IT environment.
Product/Innovation Strategy: The product segment helps the reader in understanding 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 the different farm management software and data analytics products by application (precision farming, livestock management, aquaculture, and forestry) and precision farming (yield monitoring and farm mapping, crop scouting, weather tracking and forecasting, irrigation management, and farm economics).
Growth/Marketing Strategy: The europe farm management software and data analytics market has seen major development by key players operating in the market, such as business expansion, partnership, collaboration, and joint venture. The favored strategy for the companies has been business expansion to strengthen their positions in the farm management software and data analytics market.
Competitive Strategy: Key players in the europe farm management software and data analytics market analyzed and profiled in the study involve farm management software and data analytics service providers that provide tools and technologies. Moreover, a detailed competitive benchmarking of the players operating in the Europe farm management software and data analytics market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.
The companies that are profiled have been selected based on inputs gathered from primary experts and analysing company coverage, product portfolio, and market penetration.
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