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(IT-NEWSWIRE.COM, October 20, 2018 ) According to the new market research “Dairy Herd Management Market by Product (Automated Systems (Milking Parlours, Meters, Sensors, Reproductive & Health, Cattle Management), Software (On-premise, Cloud-based)), Application (Feeding, Breeding), End user (Large Farms) - Global Forecast to 2022", is projected to reach USD 3.55 Billion by 2022 from USD 2.57 Billion in 2017, at a CAGR of 6.7%.
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Factors such as increasing herd size of dairy farms, increasing production and consumption of milk & dairy products, technological advancements, rising public-private funding and investments towards the development of dairy farms, and the substantial cost savings associated with dairy herd management, are driving the dairy herd management market. However, ongoing campaigns to save dairy animals from unethical herd management practices may restrain market growth to a certain extent.
The milk management systems segment is estimated to account for the largest share of the automated dairy herd management systems market in 2017
On the basis of product type, the dairy herd management market is categorized into automated systems and standalone software. The automated systems segment includes cattle management systems, feeding management systems, reproductive health management systems, milk management systems, and herd health management systems. The standalone software segment includes on-premise and web-based/cloud-based software.
The milk management systems segment is estimated to account for the largest share of the automated dairy management systems market in 2017.
Increasing labor costs, growing demand for dairy products, and rising preference for automated systems are important factors that are expected to fuel market growth in this segment.In the global standalone software market, the on-premise software segment is expected to account for the largest share of the market in 2017. The ability to reuse existing servers and presence of storage hardware are some of the key advantages associated with on-premise software.
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96 - Tables
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Based on end user, the small-scale dairy farms segment is expected to account for the largest share of the market in 2017
By end user, the dairy herd management market is segmented into small-scale dairy farms, large-scale dairy farms, and cooperative dairy farms. Small-scale dairy farms are the largest end users of dairy herd management products. The growing demand for dairy products in developing countries (owing to the rising population) and growing support from various public-private organizations for small-scale dairy farmers are the major factors driving the demand for dairy herd management products in this end-user segment.
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Delaval (Sweden), GEA (Germany), Afimilk (Israel), BouMatic (US), Fullwood (UK), Dairy Master (Ireland), Lely (Netherlands), SCR (Israel), Sum-It Computer Systems (UK), and VAS (US) are among a few major players in the dairy herd management market.
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