GPS enabled weather updates, soil analysis, and built-in accounting helps keep records of the entire revenue and profitability. It can monitor labour productivity, track the flow of goods from manufacturers to warehouses and help in storing the farm produce.
The software helps in comparing and mapping out the seed varieties, giving real-time insights on specific locations for yield.
Precision farming is gaining prominence as it boosts crop yield and avoids wastage of crucial resources. The use of cloud computing and web-based farm management software is rising as farmers become aware of the benefits. Global food demand is escalating at a rapid pace. Government support to encourage the adoption of modern agricultural technologies and focus on monitoring livestock performance, precision farming, fish farming and smart greenhouse to increase farm efficiency are also driving the growth of the farm management software market. The growth of the farm management software market is driven by factors such as growing awareness and increasing implementation of cloud computing in real-time farm data management, growing population, and subsequent rise in demand for food worldwide will boost the growth of the market. Key drivers global farm management software market The global farm management software market size is projected to reach USD 1982.8 million by 2028, from USD 921.4 million in 2021, at a CAGR of 11.4 per cent during 2022-2028, according to Valuates Reports.
Modern agricultural technologies focus on monitoring livestock performance, precision farming, fish farming and smart greenhouse to increase farm efficiency are also driving the growth of the software market
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