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.
Sizing and Forecast
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 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.
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%. 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. Major trends in the forecast period include advanced analytics and visualization tools for better decision-making based on real-time data, use of drones and robotic systems for automated data collection on pasture conditions and cattle behavior, genomic data integration, adoption of blockchain technology to ensure transparent and tamper-proof records of cattle lineage, health history, and movement and tools.
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Segmentation & Regional Insights
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
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.
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Major Driver Impacting Market Growth
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.
Key Industry Players
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
The cattle management software market report table of contents includes:
1. Executive Summary
2. Cattle Management Software Market Characteristics
3. Cattle Management Software Market Trends And Strategies
4. Cattle Management Software Market – Macro Economic Scenario
5. Global Cattle Management Software Market Size and Growth
…..
32. Global Cattle Management Software Market Competitive Benchmarking
33. Global Cattle Management Software Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Cattle Management Software Market
35. Cattle Management Software Market Future Outlook and Potential Analysis
36. Appendix
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