According to a new report, published by KBV research, The Global Farm Management Software Market size is expected to reach $9.19 billion by 2031, rising at a market growth of 15.7% CAGR during the forecast period.
The Local/ Web Based segment exhibits a CAGR of 15.4% during (2024 - 2031). Many farmers, especially those in rural and developing areas, choose these solutions since internet access is scarce, and they are concerned about data breaches. Local/web-based software provides direct control over farm data without reliance on third-party cloud providers, making it an attractive option for traditional farms and agribusinesses with basic automation needs. These solutions are often one-time purchases, making them cost-effective for farmers who want long-term usability without recurring subscription fees.
The Software segment is leading the Global Farm Management Software Market by Solution in 2023; thereby, achieving a market value of $5.7 billion by 2031. The rising adoption of precision agriculture, automation, and data-driven decision-making primarily drives the software segment in the farm management software market. Modern farm management solutions offer real-time monitoring, predictive analytics, GPS tracking, weather forecasting, and IoT-based automation, enabling farmers to optimize productivity and reduce operational costs. The increasing penetration of cloud-based solutions and AI-powered analytics has made farm management software more accessible and efficient, even for small and mid-sized farms.
The Livestock Monitoring segment obtained a CAGR of 14.8% during (2024 - 2031). Farm management software in livestock monitoring helps track animal health, detect diseases early, optimize feeding schedules, and enhance breeding efficiency. The growing concern for livestock welfare, increased demand for dairy and meat production, and the need for efficient farm operations have contributed to the widespread adoption of IoT-enabled livestock tracking systems and AI-powered health monitoring solutions. As livestock farming becomes more data-driven and technology-dependent, the demand for advanced farm management software in this segment is expected to grow further.
Full Report: https://www.kbvresearch.com/farm-management-software-market/
The North America region dominated the Global Farm Management Software Market by Region in 2023; thereby, achieving a market value of $3.19 billion by 2031. The Europe region is expected to witness a CAGR of 15.5% during (2024 - 2031). Additionally, The Asia Pacific region would register a CAGR of 16.3% during (2024 - 2031).
By Deployment Model
By Solution
By Application