Cattle Management Software Global Market 2024 To Reach $2.57 Billion By 2028 At Rate Of 12.2%
Cattle Management Software Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
The Business Research Company’s Cattle Management Software Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
LONDON, GREATER LONDON, UK, July 26, 2024 /EINPresswire.com/ -- The cattle management software market has experienced robust growth in recent years, expanding from $1.30 billion in 2023 to $1.62 billion in 2024 at a compound annual growth rate (CAGR) of 12%. The growth in the historic period can be attributed to maintaining accurate and comprehensive records for audits and historical analysis, engaging with local communities and ensuring sustainable practices, optimizing feed based on nutritional needs and analysis, animal welfare and meeting specific buyer requirements for quality and quantity.
Strong Future Growth Anticipated
The cattle management software market is projected to continue its strong growth, reaching $2.57 billion in 2028 at a compound annual growth rate (CAGR) of 12.2%. The growth in the forecast period can be attributed to keeping records for insurance claims and risk management, combining data from various sources for comprehensive analysis, ensuring efficient feeding practices, monitoring feed costs and calving management.
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Growth Driver Of The Cattle Management Software Market
The growing demand for dairy products is expected to propel the growth of the cattle management software market going forward. Dairy products refer to food products that are derived from the milk of mammals, such as cows, goats, and sheep. The demand for dairy products is driven by factors such as population growth, rising incomes, urbanization, health and nutrition trends, cultural preferences, product innovation, and effective marketing. Cattle management software helps in dairy production by organizing and streamlining key aspects of farm management, such as herd health, reproduction, milk production, inventory, breeding, and financials, leading to improved efficiency and productivity in producing dairy products.
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Major Players And Market Trends
Key players in the cattle management software market include Merck Animal Health, GEA Group AG, Datamars SA, Nedap Livestock Management, Livestock Improvement Corporation (LIC), Chetu Inc.
Major companies operating in the cattle management software market are developing advanced remote monitoring solutions by using Internet of Things (IoT) technology to enable real-time tracking and monitoring of cattle health and behavior, even in remote locations. IoT technology helps farmers make more informed decisions, improve the health and well-being of their cattle, and optimize their operations for better efficiency and productivity.
Cattle Management Software Market Segments:
1) By Type: On-Premises, Cloud-Based
2) By Application: Meat Cattle, Milk Cattle
3) By End-User: Farmers, Veterinarians, Feedlot Operators, Cooperative Societies
Geographical Insights: North America Leading The Market
North America was the largest region in the cattle management software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cattle management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Cattle Management Software Market Definition
Cattle management software refers to specialized computer programs or applications that assist farmers and ranchers in effectively overseeing their cattle operations. These digital tools that help farmers track and manage their livestock, including health records, breeding data, feeding schedules, and financial information, aiming to improve operational efficiency and support informed decision-making.
Cattle Management Software Global Market Report 2024 from The Business Research Company covers the following information:
• Market size data for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Cattle Management Software Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on cattle management software market size, cattle management software market drivers and trends, cattle management software market major players, cattle management software competitors' revenues, cattle management software market positioning, and cattle management software market growth across geographies. The cattle management software market report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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