Dairy Herd Management Market Booming Demand Leading To Exponential CAGR Growth By 2024
Global Dairy Herd Management Market: Overview
The global market for dairy herd management will expand at a significant rate, owing to numerous benefits offered by the management system, coupled with rising adoption rates. Dairy herd management is a smart farming technique developed to increase overall efficiency and productivity.
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Dairy herd management enables the managers of dairy farms to keep count of the animals, record their conception rates, births, calf age, and detect health related issues faced by the cattle. Unlike traditional dairy herd farming practices that require more time, labor, and money, dairy herd management systems offer high outputs with reduced costs and lesser time.
The global market for dairy herd management has been segmented on the basis of application, geography, and product type. By application, feeding management, animal comfort, milk harvesting, heat stress management, reproduction management, calf management and others such as decision support, financial management, weighing, genetic management, cattle sorting, weighing, and data analysis are the key applications.
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Based on product type, standalone software system and hardware system are the two major categories. The standalone segment has further been classified into cloud-based, on-premise, and web-based. Fertility management system, feeding management system, cattle management system, milk management system, and other accessories are the key segments of the hardware system segment.
The report offers a detailed analysis of the key market factors such as growth drivers, restraints, opportunities, and trends in the global market for dairy herd management. The major segments of the market have been discussed along with relevant statistical data. The leading market players have been described, wherein their key business strategies, market shares, and product portfolios have been studied.
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Global Dairy Herd Management Market: Drivers and Restraints
A host of factors have been driving the growth of the global dairy herd management market, some of which are increased consumption of dairy products, technological advancements in the field of dairy herd management, reduced costs offered by the management systems, and rising awareness about the availability of these systems. The number of dairy farms has been growing at a significant rate, thereby fuelling the demand for dairy herd management systems. Beneficial government policies have also been aiding the growth of the market.
On the contrary, the market will face obstruction in growth because of the prevalence of traditional systems, particularly in emerging economies such as India. Another factor affecting the expansion of the global dairy herd management market is the inadequate number of skilled personnel.
By application, the inclination toward automatic milk harvesting system has been high, whereas on the basis of product type, the hardware system segment is likely to lead the market in terms of revenue.
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Global Dairy Herd Management Market: Regional Outlook
On the basis of geography, the key segments of the global dairy herd management market are Europe, Latin America, North America, the Middle East and Africa, and Asia Pacific. Europe held the leading share in the global market for dairy herd management, owing to the increasing popularity of the system in this region. The developing countries in Latin America, the Middle East and Africa, and Asia Pacific are slated to exhibit rapid growth over the next few years, due to rising awareness about dairy herd management.
Companies Mentioned in the Report
The major companies operating in the global market for dairy herd management mentioned in the report include Dairymaster, GEA Group, Lely S.a.r.l., Alta Genetics, Infovet, Allflex Group, DeLaval Inc., FarmWizard, Sum-It Computer Systems Ltd., Valley Agricultural Software, and Afimilk Ltd.
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