Kosona Chriv

Kosona Chriv

  • Adalidda

  • Cambodia, Phnom Penh, Phnom Penh
Farm Management Software Market Worth 4.07 Billion USD by 2022

According to the new market research report "Farm Management Software Market by Farming Type (Crop & Livestock Farming), Services (Managed, Maintenance & Support), Delivery Model (On-Premise, Cloud-Based), Application, and Geography - Global Forecast to 2022", published by marketsandmarkets, the market is expected to grow at a CAGR of 17.2% to reach USD 4.07 Billion by 2022. Increasing penetration of cloud computing in farm data management is driving the growth of the farm management software market. Over the last three decades, the demand for food has gradually gone up and has created a huge opportunity for the companies to invest in the agriculture sector. A shift from traditional farming to smart farming using software would save time and consume less energy.

The market for cloud-based delivery model is expected to reach USD 2.71 Billion by 2022, growing at a CAGR of 25.3% between 2016 and 2022. This delivery model has increased the reach of the companies and provided them with a platform to extend their customer base. The advantages offered by cloud-based farm management solutions include optimized performance, effective energy utilization, and ease of access. Moreover companies using cloud-based delivery model offer their services in real time, and it is also an emerging area of investment for the companies. Several start-up companies are entering the market and using cloud-based delivery model to provide additional services such as farm analytics and reports.
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