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Cattle Management Software Global Market Analysis, Trends, Growth, Research And Forecast 2033
Cattle Management Software Global Market
As per the report, the cattle management software market size has grown rapidly in recent years. It will grow from $1.30 billion in 2023 to $1.62 billion in 2024 at a compound annual growth rate (CAGR) of 12%. The cattle management software market size is expected to see rapid growth in the next few years. It will grow to $2.57 billion in 2028 at a compound annual growth rate (CAGR) of 12.2%.
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Growing Demand for Dairy Products Fuels Expansion of 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. For instance, in June 2023, according to the United States Department of Agriculture, a US-based federal agency, the total amount of cheese produced increased by 6% in 2023 over 2022. Therefore, the growing demand for dairy products is driving the growth of the cattle management software market.
Advanced Remote Monitoring Solutions Transforming Cattle Management Software Market
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. For instance, in 2023, HerdX, a US-based agricultural technology company, introduced HerdView, an innovative IoT-enabled ear tag for cattle. This ear tag integrates with the company's cloud-based software platform, providing farmers with insights into individual animal health and location data. Additionally, the ear tag can track environmental conditions such as temperature and humidity, helping farmers ensure optimal conditions for their livestock. This trend highlights a shift towards more interconnected and data-driven approaches in cattle management, enhancing efficiency and animal welfare.
The cattle management software market covered in this report is segmented -
1) By Type: On-Premises, Cloud-Based
2) By Application: Meat Cattle, Milk Cattle
3) By End-User: Farmers, Veterinarians, Feedlot Operators, Cooperative Societies
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Major companies operating in the cattle management software market are Merck Animal Health, GEA Group AG, Datamars SA, Nedap Livestock Management, Livestock Improvement Corporation (LIC), Chetu Inc., Folio3 , Provimi, Afimilk Ltd., VAS (Valley Agricultural Software), Inpixon, smaXtec animal care GmbH, CowManager, ReproTec, Breedr, MaiaGrazing, Hi-Plains Systems, Inc. , BoviSync, AgriNET, Cattle Eye Ltd., Performance Livestock Analytics, FarmWizard, ADAS, Livestocked LLC, Herdwatch
Contents of the report:
1. Executive Summary
2. Cattle Management Software Market Report Structure
3. Cattle Management Software Market Trends And Strategies
4. Cattle Management Software Market - Macro Economic Scenario
5. Cattle Management Software Market Size And Growth
…..
27. Cattle Management Software Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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