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Farm Management Software and Services– Digitalizing the Europe’s Farming Industry

To address the ever-increasing demand for food and the escalating need for high-quality yield, the Europe farming industry is adopting business models that aim at digitalizing the farming sector with the introduction of farm management software and services.

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Limited farmlands and labor stand as the major challenges the agricultural industry faces today. Farm management software and services have emerged as an ideal solution for overcoming these challenges and are enabling farmers to increase their profitability and crop yield and consequently bridging the demand-supply gap. Further, the enormous amount of data collected through these solutions also helps in improving the decision-making process.

In addition to increasing the crop yield, farm management solutions also ensure the use of farm area to its maximum potential along with effective & precise irrigation of fields and application of fertilizers. Owing to these features, the Europe’s farm management software and services market is projected to witness significant growth in the coming future.

Recently, BIS Research published a market intelligence report titled “Europe Farm Management Software and Services Market – Analysis and Forecast (2018-2023),” according to which the Europe’s farm management software and services market is anticipated to grow at a CAGR of 15.52% during the forecast period 2018-2023 and reach $1204.5 million by 2023.

The type of delivery model plays a key role in the farm management software and services market. On-cloud and on-premise are the two delivery models practiced in the farm management systems. The former is when the server is not in the farm premises while the latter is when the server is located inside the farm premises. As per the report by BIS Research, the cloud-based delivery system dominated the market in 2017 and is expected to maintain its dominance during the forecast period.

The published study analyzes the Europe’s farm management market under different aspects affecting the growth of the market. The growing awareness about the opportunities in the farm management market, investments in software, data analytics, and cloud services, and substantial support from the government have attracted several market players to invest in this technology and develop more advanced digital farming solutions.

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