Dairy Herd Management Market Size and Growth Analysis 2023
Added: (Wed Jun 26 2019)
Pressbox (Press Release) -
Market Overview:
The world dairy herd management market size was around USD 2.62 billion in 2018 and is expected to generate around USD 3.99 billion by 2023, at CAGR of around 6.8% between 2013 and 2023. Dairy herd management is employed to detect the health of dairy animals and their productivity. The world market for dairy herd management will grow at a high rate, due to several advantages offered by the management system, together with increasing adoption rates. Dairy herd management is a smart farming technique developed to escalate overall efficiency and productivity.
Market drivers and restraints:
The rising demand for milk and other dairy products is estimated to drive the world dairy herd management market over the expected time period. Furthermore, the increasing number of government initiatives for dairy herd management in both the developed and developing countries is probably to further drive the global dairy herd management market in the upcoming years. Nevertheless, strict policies implemented by governments and ruling authorities across different countries and enforcement of tight trade policies may hinder the growth of the world dairy herd management market.
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Report segmented as:
By Type:
• Hardware and systems
• Standalone software
• Others
By Applications:
• Reproduction management
• Animal comfort
• Calf management
• Feeding management
• Milk harvesting
• Heat stress management
Geographical Analysis:
Regionally, the market is segregated into regions, namely North America, Europe, Asia Pacific, and Latin America and Middle East & Africa. By region, Europe is estimated to lead the dairy herd management market worldwide over the expected timeline. Technological developments, together with the unprecedented scientific breakthroughs, are probable to drive the European market. Asia Pacific is estimated to show the quickest CAGR in the future years.
Important market players:
The major companies operating in the world dairy herd management market are Valley Agriculture Software (U.S.), Dairy Master (Ireland), Afimilk Ltd. (Kibbutz, Israel), Sum-It Computer Systems, Ltd. (U.K.), S.C.R. Dairy, Inc. (Israel), G.E.A. Group AG (Germany), DeLaval (Sweden), BouMatic (U.S.), Lely Holdings S.A.R.L. (Netherlands), and Infovet (India).
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The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
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