Categories: Press Release

Europe Farm Management Software and Data Analytics Market to Reach $2.34 Billion by 2027: BIS Research

Farm management software and data analytics solutions aim at increasing the ease of farm operations for farmers. This software increases transparency in the field and decreases the chances of crop failure.

The Europe farm management software and data analytics market (excluding the U.K.) was valued at 2 billion in 2022 and is expected to grow with a CAGR of 15.79% and reach $2.34 billion by 2027.

Within the European market, software and data analytics solutions for farm management are designed to enhance the operational efficiency of farmers and streamline agricultural processes.

Market Analysis: Trends, Data, and Growth Projections

BIS Research, a leading market research firm, has released a report titled “Europe farm management software and data analytics market,” which discusses the challenges, growth factors, and future opportunities driving the remarkable growth of the farm management software market.

The Europe farm management software and data analytics market report focuses on applications, products, service providers, and country segments.

The Europe market for farm management software and data analytics solutions is dynamic, focusing on enhancing agricultural practices. These solutions, vital for improving efficiency and reducing risks in farming, offer accessible and extensive data on field operations via tablets or mobile phones.

Key Players and Market Shares

The global farm management software and data analytics market was valued at $3.56 billion in 2022, which is expected to grow with a CAGR of 15.39% and reach $7.28 billion by 2027.

The Europe farm management software and data analytics market in the product segment is expected to be dominated by managed services, holding a $785.2 million market share in 2021 in Europe.

Moreover, livestock management holds a substantial market share and growth potential as an application for farm management software and data analytics, reaching a market share of $480.2 million in 2021.

Some of the prominent names established in this market are:

Accenture
AGRIVI
Amazon Web Services, Inc.
BASF SE
CNH Industrial N.V.
Syngenta AG
Proagrica
Yara International ASA
OneSoil
Vidacycle

Market Drivers, Challenges, and Opportunities

Regulatory advancements, ongoing research, and collaboration between industry leaders are contributing factors in the growth of the Europe farm management software and data analytics market.

Since 2010, farm management software and data analytics solutions have gained traction, particularly among medium and large-scale farmers, driven by heightened awareness of their benefits.

The following are the drivers for the global farm management software and data analytics market:

Increasing Demand for Food
Need to Reduce Crop Losses
Decreasing Workforce Availability
Need for Automation and Mechanization
Increased Government Support

The market is expected to face some limitations as well due to the following challenges:

Threat to Farm Data Security Leading to Low Investments
Technological Challenges Impeding the Development
Complexities Due to Lack of Infrastructure
Lack of Interoperation Management

Report Focus and Methodology

The Europe farm management software and data analytics market report provides a credible global and regional market analysis. The report profiles existing and upcoming products, types, applications, end users, and key players in the market.

BIS Research follows an effective market intelligence methodology comprising a crucial 15-step process. Data is captured from reliable and intelligent sources such as expert interviews, patents, web analytics, scholarly articles, scientific publications, and research and development literature.

BIS follows the Deep Tech M-A-P™ approach, which includes market, application, and product within the syndicated and custom research projects.

M- The Market section covers industry overview, business dynamics, competitive benchmarks, and company profiles. It provides insights to enter, expand, or exit markets globally, regionally, or locally.

A- The Application section dives deep into product analyses, technology insights, use cases, and user types. Precise market estimates and forecasts back this data.

P- The Product section covers products, parts, technologies, and materials. Companies looking to drive an innovative agenda need information about product definitions, demand analysis, technology benchmarking and roadmaps, patents, as well as pricing analysis.

Analyst Note

According to Debraj Chakraborty, Principal Analyst at BIS Research, “Farm management software adoption is higher in developed countries due to factors such as technology availability, high-speed internet access, and technological literacy among farmers. In contrast, adoption rates are lower in developing countries, particularly in rural areas with limited technology and internet connectivity.”

About BIS Research

BIS Research is a global B2B market intelligence and advisory firm focusing on deep technology and related emerging trends, which can disrupt the market dynamics in the near future. We publish over 200 market intelligence studies annually, focusing on several deep technology verticals.

Our strategic market analysis emphasizes market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters useful in the strategic decision-making for senior management.

BIS Research offers syndicate as well as custom studies and expert consultations to firms, providing them with specific and actionable insights on novel technology markets, business models, and competitive landscapes.