What Has Been the Progress and Growth of the Cattle Management Software Market in Recent Years?
The cattle management software market has seen considerable growth due to a variety of factors.
• The cattle management software market has seen rapid growth in recent years. It will increase from $1.62 billion in 2024 to $1.82 billion in 2025, with a compound annual growth rate (CAGR) of 12.4%.
This growth is due to the need for accurate record-keeping for audits and analysis, efforts to engage local communities and ensure sustainable practices, optimization of animal feed, and the focus on animal welfare and meeting buyer requirements for quality.
What Can Be Expected from the Cattle Management Software Market Size?
The cattle management software market is expected to maintain its strong growth trajectory in upcoming years.
• The cattle management software market is expected to grow rapidly, reaching $2.88 billion by 2029 with a CAGR of 12.1%.
Growth drivers include improved record-keeping for insurance and risk management, better feed management, and calving monitoring. Trends include advanced analytics for real-time decision-making, drone and robotic systems for data collection, genomic data integration, blockchain adoption for transparent cattle records, and health monitoring tools.
What Are the Critical Driver Fuelling The Cattle Management Software Market's Growth?
The increasing demand for dairy products is set to boost the growth of the cattle management software market. Dairy products, derived from the milk of mammals like cows, goats, and sheep, are in demand due to factors such as population growth, higher incomes, urbanization, health trends, and cultural preferences. Cattle management software aids in dairy production by improving efficiency in areas like herd health, reproduction, milk production, and finances. For instance, in June 2023, the United States Department of Agriculture reported a 6% increase in cheese production in 2023 compared to 2022. As such, the growing demand for dairy products will continue to propel the market.
How Is The Cattle Management Software Market segmented?
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
Subsegments:
1) By On-Premises: Self-Hosted Solutions, Local Server-Based Solutions
2) By Cloud-Based: SaaS (Software As A Service) Solutions, Cloud-Hosted Solutions
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What New Trends Are Influencing The Cattle Management Software Market?
Companies in the cattle management software market are utilizing Internet of Things (IoT) technology for remote monitoring of cattle health and behavior. For example, in 2023, HerdX, a US-based agricultural technology firm, launched HerdView, an IoT-enabled ear tag that provides real-time tracking of individual cattle, including environmental conditions, improving operational efficiency and livestock health monitoring.
Who Are the Key Players In The Cattle Management Software Market?
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 SystemsInc.
• BoviSync
• AgriNET
• Cattle Eye Ltd.
• Performance Livestock Analytics
• FarmWizard
• ADAS
• Livestocked LLC
• Herdwatch
What Is The Most Dominant Region In The Cattle Management Software Market?
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.
