Americas Farm Management Software and Services Market Survey
The Americas farm management software and services market constitutes of various reputed and established market players. New entrants are trying to make a niche for themselves in the market to quickly gain market share. The market has also witnessed several start-ups in the various segments of farm management software and services industry. The farm management software and services industry will have moderate to high risk from the new entrants in the market.
The Americas farm management software and services market constitutes of various reputed and established market players. New entrants are trying to make a niche for themselves in the market to quickly gain market share. The market has also witnessed several start-ups in the various segments of farm management software and services industry. The farm management software and services industry will have moderate to high risk from the new entrants in the market.
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AMERICAS FARM MANAGEMENT SOFTWARE AND SERVICES MARKET<br />
Focus on Delivery Model (On-Cloud <strong>and</strong> On-Premise), Application (Precision Crop <strong>Farm</strong>ing, Livestock<br />
Monitoring, Indoor <strong>Farm</strong>ing <strong>and</strong> Aquaculture) <strong>and</strong> Country–Analysis & Forecast 2018-2023<br />
Key Questions Answered in the Report:<br />
MORE THAN<br />
100 COMPANIES<br />
RESEARCHED<br />
ACROSS THE VALUE<br />
CHAIN<br />
• What is the <strong>Americas</strong> farm management software <strong>and</strong> services market size in terms of<br />
revenue along with the growth rate during the forecast period 2018-2023?<br />
• What is the revenue generated by farm management software <strong>and</strong> services for different<br />
applications?<br />
• What are the major types of delivery models in the farm management software <strong>and</strong><br />
METICULOUS<br />
COMPILATION OF<br />
MORE THAN 700<br />
RESEARCH HOURS<br />
services market?<br />
• What are the key trends <strong>and</strong> opportunities in the market pertaining to countries included<br />
in the region?<br />
• How attractive is the market for different stakeholders present in the industry by analyzing<br />
EXCLUSIVE<br />
INSIGHTS FROM<br />
IN-DEPTH<br />
INTERVIEWS<br />
CONTAINS 44<br />
MARKET DATA<br />
TABLES AND 76<br />
FIGURES SPREAD<br />
ACROSS 174<br />
PAGES<br />
the futuristic scenario of <strong>Americas</strong> farm management software <strong>and</strong> services market?<br />
• What are the major driving forces that are expected to increase the dem<strong>and</strong> during the<br />
forecast period?<br />
• What are the major challenges inhibiting the growth of the <strong>Americas</strong> farm management<br />
software <strong>and</strong> services market?<br />
• What kind of new strategies is being adopted by the existing market players to exp<strong>and</strong><br />
their market position in the industry?<br />
• What is the competitive strength of the key players in the <strong>Americas</strong> farm management<br />
software <strong>and</strong> services market by analyzing their recent developments, product offerings,<br />
<strong>and</strong> regional presence?<br />
sales@bisresearch.com www.bisresearch.com 1
TABLE OF CONTENTS<br />
• Drivers<br />
• Restraints<br />
• Opportunities<br />
• Key <strong>Market</strong> Developments & Strategies<br />
• <strong>Market</strong> Share Analysis<br />
• U.S. <strong>Farm</strong> <strong>Management</strong> <strong>Software</strong> <strong>and</strong> Service<br />
<strong>Market</strong> Share Analysis<br />
• Brazil <strong>Farm</strong> <strong>Management</strong> <strong>Software</strong> <strong>and</strong> Service<br />
<strong>Market</strong> Share Analysis<br />
• Argentina <strong>Farm</strong> <strong>Management</strong> <strong>Software</strong> <strong>and</strong><br />
Service <strong>Market</strong> Share Analysis<br />
MARKET DYNAMICS<br />
COMPETITIVE LANDSCAPE<br />
INDUSTRY ANALYSIS<br />
AMERICAS FARM MANAGEMENT<br />
SOFTWARE AND SERVICES MARKET,<br />
BY DELIVERY MODEL<br />
AMERICAS FARM MANAGEMENT<br />
SOFTWARE AND SERVICES MARKET,<br />
BY APPLICATION<br />
AMERICAS FARM MANAGEMENT<br />
SOFTWARE AND SERVICES MARKET,<br />
BY COUNTRY<br />
• Industry Attractiveness<br />
• Key Venture Capital Investments<br />
• Cloud-based Delivery Model<br />
• On-Premise Delivery Model<br />
• Precision Crop <strong>Farm</strong>ing<br />
• Yield Monitoring <strong>and</strong> <strong>Farm</strong> Mapping<br />
• Crop Scouting<br />
• Weather Tracking <strong>and</strong> Forecasting<br />
• Irrigation <strong>Management</strong><br />
• <strong>Farm</strong> Economics<br />
• Others<br />
• Livestock Monitoring <strong>and</strong> <strong>Management</strong><br />
• Milk Harvesting<br />
• Animal Health Monitoring <strong>and</strong> Comfort<br />
• Feeding <strong>Management</strong><br />
• Heat Stress <strong>and</strong> Fertility Monitoring<br />
• Other<br />
• Indoor <strong>Farm</strong>ing<br />
• Climate Control <strong>Management</strong><br />
• Lighting <strong>Management</strong><br />
• Plant Development Monitoring<br />
• Other<br />
• Aquaculture<br />
• Feed <strong>Management</strong><br />
• Aquatic Species Tracking <strong>and</strong> Navigation<br />
• Water Quality <strong>Management</strong><br />
• Other<br />
• Other Applications<br />
• U.S.<br />
• Canada<br />
• Mexico<br />
• Brazil<br />
• Argentina<br />
• Chile<br />
• Colombia<br />
• Uruguay<br />
• Rest-of-<strong>Americas</strong><br />
COMPANY PROFILE<br />
■ Precision Crop <strong>Farm</strong>ing<br />
■ Ag Leader Technology<br />
■ Conservis Corporation<br />
■ Deere <strong>and</strong> Company<br />
■ Hexagon Agriculture<br />
■ Iteris Inc.<br />
■ The Climate Corporation<br />
■ Trimble Inc.<br />
■ Livestock Monitoring <strong>and</strong> <strong>Management</strong><br />
■ Boumatic LLC<br />
■ DeLaval<br />
■ GEA Group<br />
■ Valley Agriculture <strong>Software</strong><br />
■ Indoor <strong>Farm</strong>ing<br />
■ Motorleaf Inc.<br />
■ Agrinamics Inc.<br />
■ Autogrow Systems Ltd.<br />
■ Aquaculture<br />
■ AKVA Group ASA<br />
■ XpertSea<br />
VIEW COMPLETE<br />
TABLE OF CONTENTS<br />
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LIST OF TABLES<br />
1 Initiatives by Governments of Various Countries<br />
to Promote <strong>Farm</strong>ing<br />
2 Key Partnerships <strong>and</strong> Agreements (June 2015-<br />
June 2018)<br />
3 Key Product Launches (June 2015-June 2018)<br />
4 Key Acquisitions (June 2015-June 2018)<br />
5 Key Business Expansions (June 2015-June<br />
2018)<br />
6 Other <strong>Market</strong> Developments <strong>and</strong> Strategies<br />
(June 2015-June 2018)<br />
7 <strong>Farm</strong> <strong>Management</strong> Start-Ups<br />
8 Analyzing the Threat of New Entrants<br />
9 Analyzing the Bargaining Power of Buyers<br />
10 Analyzing the Bargaining Power of Suppliers<br />
11 Analyzing the Threat from Substitutes<br />
12 Analyzing the Intensity of Competitive Rivalry<br />
13 <strong>Americas</strong> <strong>Farm</strong> <strong>Management</strong> <strong>Software</strong> <strong>and</strong><br />
<strong>Services</strong> <strong>Market</strong> (by Delivery Model), 2017-<br />
2023<br />
14 <strong>Americas</strong> <strong>Farm</strong> <strong>Management</strong> <strong>Software</strong> <strong>and</strong><br />
<strong>Services</strong> <strong>Market</strong> (by Application), 2017-2023<br />
15 Precision Crop <strong>Farm</strong>ing in <strong>Americas</strong> <strong>Farm</strong><br />
<strong>Management</strong> <strong>Software</strong> <strong>and</strong> <strong>Services</strong> <strong>Market</strong> (by<br />
Type), 2017-2023<br />
16 Yield Monitoring <strong>and</strong> <strong>Farm</strong> Mapping Products by<br />
Leading Companies<br />
17 Crop Scouting Products by Leading Companies<br />
18 Weather Tracking <strong>and</strong> Forecasting Products by<br />
Leading Companies<br />
19 <strong>Farm</strong> Economics Products by Leading<br />
Companies<br />
20 Inventory <strong>Management</strong> <strong>and</strong> Applicator<br />
Solutions by Leading Companies<br />
21 Livestock Monitoring <strong>and</strong> <strong>Management</strong> in<br />
<strong>Americas</strong> <strong>Farm</strong> <strong>Management</strong> <strong>Software</strong> <strong>and</strong><br />
<strong>Services</strong> <strong>Market</strong>, 2017-2023<br />
22 Animal Health Monitoring <strong>and</strong> Comfort <strong>Software</strong><br />
<strong>and</strong> <strong>Services</strong> by Key Companies<br />
23 Indoor <strong>Farm</strong>ing in <strong>Americas</strong> <strong>Farm</strong> <strong>Management</strong><br />
<strong>Software</strong> <strong>and</strong> <strong>Services</strong> <strong>Market</strong>, 2017-2023<br />
24 Plant Development Monitoring Solutions by Key<br />
Companies<br />
25 Aquaculture in <strong>Americas</strong> <strong>Farm</strong> <strong>Management</strong><br />
<strong>Software</strong> <strong>and</strong> <strong>Services</strong> <strong>Market</strong>, 2017-2023<br />
26 Feed <strong>Management</strong> Solutions by Key Companies<br />
27 Aquatic Species Tracking <strong>and</strong> Navigation<br />
Solutions by Key Companies<br />
28 Water Quality <strong>Management</strong> Solutions by Key<br />
Companies<br />
29 Other Aquaculture Solutions by Key Companies<br />
30 Products in Other Application Areas in <strong>Farm</strong><br />
<strong>Management</strong> <strong>Software</strong> <strong>and</strong> <strong>Services</strong> <strong>Market</strong><br />
31 <strong>Americas</strong> <strong>Farm</strong> <strong>Management</strong> <strong>Software</strong> <strong>and</strong><br />
<strong>Services</strong> <strong>Market</strong> (by Country), 2017-2023<br />
32 Key Developments in the U.S. <strong>Farm</strong><br />
<strong>Management</strong> <strong>Software</strong> <strong>and</strong> <strong>Services</strong> <strong>Market</strong><br />
33 Key Developments in Brazil <strong>Farm</strong> <strong>Management</strong><br />
<strong>Software</strong> <strong>and</strong> <strong>Services</strong> <strong>Market</strong><br />
34 Key Developments in Argentina <strong>Farm</strong><br />
<strong>Management</strong> <strong>Software</strong> <strong>and</strong> <strong>Services</strong> <strong>Market</strong><br />
35 Deere & Company: Product Portfolio<br />
36 Hexagon Agriculture: Product Portfolio<br />
37 Trimble Inc.: Product Portfolio<br />
38 Boumatic LLC: Product Portfolio<br />
39 DeLaval: Product Portfolio<br />
40 GEA Group: Product Portfolio<br />
41 Valley Agriculture <strong>Software</strong>: Product Portfolio<br />
42 Motorleaf Inc.: Product Portfolio<br />
43 AKVA Group: Product Portfolio<br />
44 Product Portfolio: XpertSea<br />
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LIST OF FIGURES<br />
1 Key Drivers <strong>and</strong> Restraints in <strong>Americas</strong> <strong>Farm</strong><br />
<strong>Management</strong> <strong>Software</strong> <strong>and</strong> <strong>Services</strong> <strong>Market</strong><br />
2 <strong>Americas</strong> <strong>Farm</strong> <strong>Management</strong> <strong>Software</strong> <strong>and</strong><br />
<strong>Services</strong> <strong>Market</strong> Snapshot<br />
3 <strong>Americas</strong> <strong>Farm</strong> <strong>Management</strong> <strong>Software</strong> <strong>and</strong><br />
<strong>Services</strong> <strong>Market</strong> (by Delivery Model)<br />
4 <strong>Americas</strong> <strong>Farm</strong> <strong>Management</strong> <strong>Software</strong> <strong>and</strong><br />
<strong>Services</strong> <strong>Market</strong> (by Application), $Million, 2018<br />
<strong>and</strong> 2023<br />
5 <strong>Americas</strong> <strong>Farm</strong> <strong>Management</strong> <strong>Software</strong> <strong>and</strong><br />
<strong>Services</strong> <strong>Market</strong> (by Country)<br />
6 <strong>Market</strong> Dynamics<br />
7 Impact Analysis of Drivers<br />
8 Impact Analysis of Restraints<br />
9 Strategies Adopted by the Key Players<br />
10 Share of Key <strong>Market</strong> Strategies <strong>and</strong><br />
Developments<br />
11 U.S. <strong>Farm</strong> <strong>Management</strong> <strong>Software</strong> <strong>and</strong> <strong>Services</strong><br />
<strong>Market</strong>, Player Share Analysis, 2017 (%)<br />
12 Brazil <strong>Farm</strong> <strong>Management</strong> <strong>Software</strong> <strong>and</strong> <strong>Services</strong><br />
<strong>Market</strong>, Player Share Analysis, 2017 (%)<br />
13 Argentina <strong>Farm</strong> <strong>Management</strong> <strong>Software</strong> <strong>and</strong><br />
<strong>Services</strong> <strong>Market</strong>, Player Share Analysis,<br />
2017(%)<br />
14 Porter’s Five Forces Analysis for <strong>Americas</strong> <strong>Farm</strong><br />
<strong>Management</strong> <strong>Software</strong> <strong>and</strong> <strong>Services</strong> <strong>Market</strong><br />
15 Venture Capital Investments in Agri-Tech Sector,<br />
2011-2015<br />
16 Key Venture Capital Investments in <strong>Americas</strong><br />
<strong>Farm</strong> <strong>Management</strong> <strong>Software</strong> <strong>and</strong> <strong>Services</strong><br />
<strong>Market</strong><br />
17 Types of <strong>Farm</strong> <strong>Management</strong> <strong>Software</strong> <strong>and</strong><br />
<strong>Services</strong> (by Delivery Model)<br />
18 <strong>Americas</strong> <strong>Farm</strong> <strong>Management</strong> <strong>Software</strong> <strong>and</strong><br />
<strong>Services</strong> <strong>Market</strong> (by Delivery Model), 2018 <strong>and</strong><br />
2023<br />
19 Advantages of Cloud-based Delivery Model<br />
20 Disadvantages of Cloud-based Delivery Model<br />
21 Advantages of On-Premise Delivery Model<br />
22 Disadvantages of On-Premise Delivery Model<br />
23 Applications of <strong>Farm</strong> <strong>Management</strong> <strong>Software</strong> <strong>and</strong><br />
<strong>Services</strong><br />
24 <strong>Americas</strong> <strong>Farm</strong> <strong>Management</strong> <strong>Software</strong> <strong>and</strong><br />
<strong>Services</strong> <strong>Market</strong> (by Application), 2018 <strong>and</strong><br />
2023<br />
25 Precision Crop <strong>Farm</strong>ing Application Area<br />
26 Livestock Monitoring <strong>and</strong> <strong>Management</strong><br />
Application Area<br />
27 Indoor <strong>Farm</strong>ing Application Areas<br />
28 Aquaculture Application Areas<br />
29 <strong>Americas</strong> <strong>Farm</strong> <strong>Management</strong> <strong>Software</strong> <strong>and</strong><br />
<strong>Services</strong> <strong>Market</strong> (by Country), 2018 <strong>and</strong> 2023<br />
30 Smartphone <strong>Market</strong> Penetration in the U.S.,<br />
2012-2016 (%)<br />
31 The U.S. <strong>Farm</strong> <strong>Management</strong> <strong>Software</strong> <strong>and</strong><br />
<strong>Services</strong> <strong>Market</strong>, 2017-2023<br />
32 Brazil <strong>Farm</strong> <strong>Management</strong> <strong>Software</strong> <strong>and</strong> <strong>Services</strong><br />
<strong>Market</strong>, 2017-2023<br />
33 Argentina <strong>Farm</strong> <strong>Management</strong> <strong>Software</strong> <strong>and</strong><br />
<strong>Services</strong> <strong>Market</strong>, 2017-2023<br />
34 Average <strong>Farm</strong> Size <strong>and</strong> the Number of <strong>Farm</strong>s in<br />
Canada, 2006, 2011, <strong>and</strong> 2016<br />
35 Canada <strong>Farm</strong> <strong>Management</strong> <strong>Software</strong> <strong>and</strong><br />
<strong>Services</strong> <strong>Market</strong>, 2017-2023<br />
36 Mexico <strong>Farm</strong> <strong>Management</strong> <strong>Software</strong> <strong>and</strong><br />
<strong>Services</strong> <strong>Market</strong>, 2017-2023<br />
37 Colombia <strong>Farm</strong> <strong>Management</strong> <strong>Software</strong> <strong>and</strong><br />
<strong>Services</strong> <strong>Market</strong>, 2017-2023<br />
38 Chile <strong>Farm</strong> <strong>Management</strong> <strong>Software</strong> <strong>and</strong> <strong>Services</strong><br />
<strong>Market</strong>, 2017-2023<br />
39 Uruguay <strong>Farm</strong> <strong>Management</strong> <strong>Software</strong> <strong>and</strong><br />
<strong>Services</strong> <strong>Market</strong>, 2017-2023<br />
40 Rest of <strong>Americas</strong> <strong>Farm</strong> <strong>Management</strong> <strong>Software</strong><br />
<strong>and</strong> <strong>Services</strong> <strong>Market</strong>, 2017-2023<br />
41 Segmentation of Key Companies Profiled<br />
42 Ag Leader Technology: SWOT Analysis<br />
43 Conservis Corporation: SWOT Analysis<br />
44 Deere & Company: Overall Financials, 2015-<br />
2017<br />
45 Deere & Company: Net Revenue (by Region),<br />
2015-2017<br />
46 Deere & Company: Net Revenue by Business<br />
Segment, 2015-2017<br />
47 Deere & Company: SWOT Analysis<br />
48 Hexagon Agriculture: SWOT Analysis<br />
49 Iteris Inc.: Overall Financials, 2014-2016<br />
50 Iteris Inc.: Business Revenue Mix, 2014-2016<br />
51 Iteris Inc.: SWOT Analysis<br />
52 The Climate Corporation: SWOT Analysis<br />
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53 Trimble Inc.: Overall Financials, 2015-2017<br />
54 Trimble Inc.: Net Revenue (by Region), 2015-<br />
2017<br />
55 Trimble Inc.: Net Revenue by Business<br />
Segment, 2015-2016<br />
56 Trimble Inc.: Net Revenue by Business<br />
Segment, 2017<br />
57 Trimble Inc.: SWOT Analysis<br />
58 Boumatic LLC: SWOT Analysis<br />
59 DeLaval: SWOT Analysis<br />
60 GEA Group: Overall Financials, 2015-17<br />
61 GEA Group: Net Revenue by Geography, 2015-<br />
17<br />
62 GEA Group: Net Revenue by Business<br />
Segment, 2015-17<br />
63 GEA Group: SWOT Analysis<br />
64 Valley Agriculture <strong>Software</strong>: SWOT Analysis<br />
65 Motorleaf Inc.: SWOT Analysis<br />
66 AKVA Group: Overall Financials, 2015-2017<br />
67 AKVA Group: Net Revenue (by Region), 2015-<br />
2017<br />
68 AKVA Group: Net Revenue (by Business<br />
Segment), 2015-2017<br />
69 AKVA Group: SWOT Analysis<br />
70 Xpert Sea: SWOT Analysis<br />
71 <strong>Americas</strong> <strong>Farm</strong> <strong>Management</strong> <strong>Software</strong> <strong>and</strong><br />
<strong>Services</strong> <strong>Market</strong> Scope<br />
72 Report Design<br />
73 Primary Interview Breakdown, by Companies,<br />
Designation, <strong>and</strong> Region<br />
74 Sources of Secondary Research<br />
75 Data Triangulation<br />
76 Top-Down <strong>and</strong> Bottom-Up Approach<br />
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1 Research Scope & BIS Methodology<br />
1.1 Scope of the Report<br />
The report is a thorough study of the <strong>Americas</strong> farm management software <strong>and</strong> services market share<br />
<strong>and</strong> market size including the analysis by different delivery models <strong>and</strong> applications. The <strong>Americas</strong> farm<br />
management software <strong>and</strong> services market by country has also been extensively analyzed in this report<br />
including the market trends across the countries. Further, the market estimated in different sections of<br />
the report considered “2018-2023” as the forecast period.<br />
Figure 1.1<br />
Research Scope & BIS Methodology<br />
<strong>Americas</strong> <strong>Farm</strong><br />
<strong>Management</strong> <strong>Software</strong><br />
<strong>and</strong> <strong>Services</strong> <strong>Market</strong><br />
<strong>Market</strong> Size<br />
<strong>Market</strong> Share<br />
Venture Capital Investments<br />
Porter’s Five Forces<br />
Analysis<br />
Company Developments<br />
Competitive L<strong>and</strong>scape<br />
Influencing<br />
Factors<br />
<strong>Market</strong> Drivers <strong>Market</strong> Restraints <strong>Market</strong> Opportunities<br />
Industry Trends<br />
Industry Analysis<br />
Country Usage Pattern<br />
(<strong>Market</strong> Trends <strong>and</strong> Dynamics)<br />
FORECAST<br />
<strong>Market</strong> Size & Share<br />
Analysis<br />
High Growth<br />
Segments<br />
<strong>Market</strong> Size & Forecast:<br />
• By Delivery Model<br />
• By Applications<br />
• By Country<br />
Compound Annual Growth<br />
Rate (CAGR) (2018-2023)<br />
<strong>Americas</strong> <strong>Farm</strong> <strong>Management</strong> <strong>Software</strong> <strong>and</strong> <strong>Services</strong> <strong>Market</strong> Segmentation<br />
By Delivery Model<br />
• On-Cloud<br />
• On-Premise<br />
By Application<br />
• Precision Crop <strong>Farm</strong>ing<br />
• Livestock Monitoring &<br />
<strong>Management</strong><br />
• Indoor <strong>Farm</strong>ing<br />
• Aquaculture<br />
• Others (Forestry, Orchid,<br />
etc.)<br />
By Country<br />
• U.S.<br />
• Canada<br />
• Mexico<br />
• Brazil<br />
• Argentina<br />
• Colombia<br />
• Chile<br />
• Uruguay<br />
• Rest-of-<strong>Americas</strong><br />
BIS Research Analysis<br />
1.2 <strong>Americas</strong> <strong>Farm</strong> <strong>Management</strong> <strong>Software</strong> <strong>and</strong> <strong>Services</strong> <strong>Market</strong> Research Methodology<br />
The research methodology design adopted for this specific study includes a mix of data collected from<br />
primary <strong>and</strong> secondary sources. The research exhaustively use both primary sources (in-house experts,<br />
industry leaders <strong>and</strong> market players) <strong>and</strong> secondary sources (a host of paid <strong>and</strong> unpaid databases) along<br />
with analytical tools to build forecast <strong>and</strong> predictive models.<br />
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Primary Data Sources<br />
The primary sources involve the industry experts from the farm management software <strong>and</strong> services<br />
market. In the extensive primary research process undertaken for this study, the primary sources include<br />
industry experts <strong>and</strong> key executives from prominent companies, research organizations <strong>and</strong> agricultural<br />
associations. All such resources have been interviewed to obtain <strong>and</strong> verify both the qualitative <strong>and</strong> the<br />
quantitative aspects of this research study.<br />
The key data points taken from primary sources include:<br />
• Validation <strong>and</strong> triangulation of all the numbers <strong>and</strong> graphs<br />
• Validation of report’s segmentation <strong>and</strong> key qualitative findings<br />
• Underst<strong>and</strong>ing the competitive l<strong>and</strong>scape<br />
• Validation of the numbers of the various market segments<br />
• Percentage split for country analysis<br />
The research includes interviews with participants throughout the value chain. An extensive questionnaire<br />
was shared to get insights from the experts who didn’t participate in discussions. In some cases where<br />
information was not available, Delphi method was used to arrive at mutual consent with BIS consultants.<br />
Secondary Data Sources<br />
The research study involves the usage of extensive secondary sources such as databases, company<br />
websites, <strong>and</strong> annual reports, among others. It also makes use of databases such as Hoovers, Bloomberg,<br />
Business-week, <strong>and</strong> Factiva to collect useful information for an extensive, market-oriented, <strong>and</strong> commercial<br />
study of the global market. Secondary research was done in order to obtain crucial information about the<br />
industry’s value chain, market’s monetary chain, total pool of key players, <strong>and</strong> the prevalent solutions <strong>and</strong><br />
application segments. The following figure exhibits key secondary data sources considered:<br />
Figure 1.2<br />
Secondary data Sources<br />
PARAMETERS<br />
SOURCES<br />
MARKET SIZE<br />
(Value )<br />
• Company Financials<br />
• Magazines<br />
• Journals<br />
• Press Releases<br />
• Paid Databases<br />
• BIS Research Data Repository<br />
REVENUE OF<br />
COMPANIES<br />
• Annual Reports<br />
• Company Websites<br />
• Public Databases<br />
• BIS Research Data Repository<br />
QUALITATIVE INFORMATION<br />
(<strong>Market</strong> Dynamics,<br />
<strong>Market</strong> Trends)<br />
• Company Websites<br />
• Annual Reports<br />
• Press Releases<br />
• BIS Research Data Repository<br />
BIS Research Analysis<br />
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Data Triangulation<br />
The process of market engineering involves calculation of the market statistics, market size estimation,<br />
market forecast, market crackdown, <strong>and</strong> data triangulation (the methodology for these quantitative data<br />
processes is explained in the further sections). An extensive primary research study was undertaken to<br />
gather information, <strong>and</strong> authenticate the critical numbers arrived through segmentation types, industry<br />
trends, <strong>and</strong> key players of each type of solutions in the market.<br />
The following figure exhibits the key secondary data sources considered:<br />
Figure 1.3<br />
Data Triangulation<br />
PRIMARY SOURCES<br />
SECONDARY SOURCES<br />
DEMAND SIDE<br />
Interviews With:<br />
• Stockmen<br />
• Agronomists<br />
• OEMs<br />
• System Integrators<br />
• Agriculture Consultants<br />
BIS RESEARCH<br />
INTERNAL<br />
REPOSITORY<br />
• Annual reports of key industrial<br />
players<br />
• SEC Filings<br />
• 10K reports<br />
• Investor Presentations<br />
• Journals<br />
• Press Releases<br />
• Paid & Unpaid Databases<br />
SUPPLY SIDE<br />
Interviews With:<br />
• <strong>Software</strong> Providers<br />
• Service Providers<br />
• Component Manufacturers<br />
• Distributors<br />
PRIMARY<br />
SOURCE<br />
DATA<br />
TRIANGULATION<br />
SECONDARY<br />
SOURCE<br />
• Food & Agriculture Organization<br />
Reports<br />
• Livestock Industry Associations<br />
• USDA Foreign Agricultural Service<br />
Reports<br />
BIS RESEARCH INTERNAL<br />
REPOSITORY<br />
Key Players<br />
Competitive L<strong>and</strong>scape<br />
Opportunities/<br />
Challenges<br />
<strong>Market</strong> Size <strong>and</strong> <strong>Market</strong><br />
Share (2017-2023)<br />
Macro-economic Factors<br />
<strong>Market</strong> Estimates<br />
Country<br />
Analysis<br />
BIS Research Analysis<br />
REQUEST FOR<br />
SAMPLE<br />
sales@bisresearch.com www.bisresearch.com 8
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