Fish Farming Management Software Market Trends, Business Overview, Industry Growth and Forecast to 2028

The global fish farming management software market is anticipated to grow at a considerable CAGR during the forecast period (2022-2028). Fish farming management software, also known as aquaculture management software, is used for several purposes, including livestock monitoring, feeding, and production monitoring, among others. The major factor attributing to the growth of the global fish farming management software market includes the increasing application of fish farming management software for livestock monitoring due to various features and benefits offered by this software, including elaborated livestock records, tracking of events, improved pasture management, better growth, better tracking of dates, and efficient inventory management, among others.

Another factor contributing to the growth of the global fish farming management software market includes the growth of aquaculture during the forecast years. According to an article published by the World Economic Forum in 2020, around 60% more pressure will be experienced due to food scarcity in 2050, however, marine aquaculture can be beneficial for the diversification of the global stressed food systems as around 71% of the earth is covered with ocean. The article also describes that the fish farmer can be an important aspect of changing ecosystems and aquaculture provides various climate benefits, including carbon sequestering, and contributing to eco-friendly products.

The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance-

•In March 2022, aquamanager and Regal Springs came into a strategic alliance for the development of several software and futuristic digital automation in fish farming for the enhancement of predictability and productivity of eco-friendly and sustainable fish farming.
•In August 2021, three organizations including Blue Aqua International, SAS Inc., and Aquaculture Innovative Center of Temasek Polytechnic launched a new aquaculture software for fish farmers in Singapore. The new software will provide real-time data analysis of various important parameters including water quality, feed management, and animal health to shrimp and fish farmers.

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Market Coverage
•The market number available for - 2021-2028
•Base year- 2021
•Forecast period- 2022-2028
•Segment Covered-
•By Type
•By Application
•Regions Covered-
•North America
•Europe
•Asia-Pacific
•Rest of the World

Competitive Landscape- John Deere Group, Trimble Inc., AgJunction Inc., Raven Industries Inc., and Ag Leader Technology, among others.

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Global Fish Farming Management Software Market Report by Segment
By Type
•Local or Web-Based
•Cloud-Based
By Application
•Precision Fish Farming
•Livestock Monitoring
•Feeding & Production Monitoring
•Others

Key questions addressed by the report
•What is the market growth rate?
•Which segment and region dominate the market in the base year?
•Which segment and region will project the fastest growth in the market?
•How has COVID-19 impacted the market?
•Deviation from the pre-COVID-19 forecast
•Most affected region and segment
•Who is the leader in the market?
•How players are addressing challenges to sustain growth?
•Where is the investment opportunity?

 

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This release was published on openPR.