Agriculture Software Market Market Size (2024 - 2029)

Agriculture Software Market Analysis

The Agriculture Software Market is expected to register a CAGR of 11.70% during the forecast period.

The key driving factors contributing to the adoption of agriculture software are the increasing awareness of technology among the young generation and environmental awareness to maximize the farm operational capacity, among others.

• The growth in the agriculture sector, alongside the integration of advanced technologies such as AI, IoT, and cloud, among others, is analyzed to boost the market during the forecast period. Agriculture software covers various software types that provide agribusinesses business management and tracking solutions. Agriculture software can help farmers, ranchers, and growers with different operations, such as irrigation, inventory, crop planning, connected agriculture, crop management, and farm management.
• The growing population is creating significant demand for food, thereby impacting the adoption of advanced technologies such as agriculture software solutions to maximize productivity. As the global population increases significantly, food production must double between 2014 and 2050 (source: Food and Agriculture Organization (FAO)). The United Nations estimates that the world's population will reach 9.6 billion by 2050. As a result, farmers will face intense pressure to increase crop production, either by making land arable for growing crops or by implementing new techniques like smart greenhouses and vertical farming.
• Rapid urbanization, climate change, a growing worldwide population, and increased food demand contribute to steady market revenue growth. The growing understanding of farmers about the benefits of automatic monitoring and control of the greenhouse environment has resulted in a recent increase in the adoption of smarter greenhouse automation systems and approaches. In both wealthy and developing countries, the scarcity of arable land is driving the deployment of smart greenhouses to boost agricultural yields and satisfy rising food demand.
• With the growing demand for sustainable agriculture, precision farming is analyzed to grow at a significant rate owing to the real-time data availability of the field conditions that lead to efficient monitoring, controlling, and decision-making, thereby significantly driving the market.
• The major macroeconomic trends in the agriculture market are the growing population, climate change, Russia-Ukraine conflict, and the trend of digitalization. Solutions such as precision farming and smart greenhouse technologies could aid these trends and significantly boost the market growth rate during the forecast period.

Agriculture Software Industry Segmentation

The agriculture software market study tracks the revenue accrued through the sale of subscriptions and licensing of agriculture software, specifically in agricultural applications such as precision farming and smart greenhouse across the globe. The analysis is based on the market insights captured through secondary research and the primaries. The market also covers the major factors impacting the growth of the market in terms of drivers and restraints.

The agriculture software market is segmented by deployment type (cloud (software-as-a-service (SaaS), platform-as-a-service (PaaS)) and on-premise), application (precision farming, livestock tracking and monitoring, smart greenhouse, precision forestry, and other applications), geography (North America (United States, Canada), Europe (United Kingdom, France, Germany, Rest of Europe), Asia-Pacific (China, Australia and New Zealand, Thailand, Rest of Asia-Pacific), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Middle East & Africa). The market sizes and forecasts are provided in terms of value (USD ) for all the segments.