Global Dairy Herd Management Market: Overview
The global market for dairy herd management will expand at a significant rate, owing to numerous benefits offered by the management system, coupled with rising adoption rates. Dairy herd management is a smart farming technique developed to increase overall efficiency and productivity. Dairy herd management enables the managers of dairy farms to keep count of the animals, record their conception rates, births, calf age, and detect health related issues faced by the cattle. Unlike traditional dairy herd farming practices that require more time, labor, and money, dairy herd management systems offer high outputs with reduced costs and lesser time.
The global market for dairy herd management has been segmented on the basis of application, geography, and product type. By application, feeding management, animal comfort, milk harvesting, heat stress management, reproduction management, calf management and others such as decision support, financial management, weighing, genetic management, cattle sorting, weighing, and data analysis are the key applications.
Based on product type, standalone software system and hardware system are the two major categories. The standalone segment has further been classified into cloud-based, on-premise, and web-based. Fertility management system, feeding management system, cattle management system, milk management system, and other accessories are the key segments of the hardware system segment.
The report offers a detailed analysis of the key market factors such as growth drivers, restraints, opportunities, and trends in the global market for dairy herd management. The major segments of the market have been discussed along with relevant statistical data. The leading market players have been described, wherein their key business strategies, market shares, and product portfolios have been studied.
Global Dairy Herd Management Market: Drivers and Restraints
A host of factors have been driving the growth of the global dairy herd management market, some of which are increased consumption of dairy products, technological advancements in the field of dairy herd management, reduced costs offered by the management systems, and rising awareness about the availability of these systems. The number of dairy farms has been growing at a significant rate, thereby fuelling the demand for dairy herd management systems. Beneficial government policies have also been aiding the growth of the market.
On the contrary, the market will face obstruction in growth because of the prevalence of traditional systems, particularly in emerging economies such as India. Another factor affecting the expansion of the global dairy herd management market is the inadequate number of skilled personnel.
By application, the inclination toward automatic milk harvesting system has been high, whereas on the basis of product type, the hardware system segment is likely to lead the market in terms of revenue.
Global Dairy Herd Management Market: Regional Outlook
On the basis of geography, the key segments of the global dairy herd management market are Europe, Latin America, North America, the Middle East and Africa, and Asia Pacific. Europe held the leading share in the global market for dairy herd management, owing to the increasing popularity of the system in this region. The developing countries in Latin America, the Middle East and Africa, and Asia Pacific are slated to exhibit rapid growth over the next few years, due to rising awareness about dairy herd management.
Companies Mentioned in the Report
The major companies operating in the global market for dairy herd management mentioned in the report include Dairymaster, GEA Group, Lely S.a.r.l., Alta Genetics, Infovet, Allflex Group, DeLaval Inc., FarmWizard, Sum-It Computer Systems Ltd., Valley Agricultural Software, and Afimilk Ltd.
Major regions analyzed under this research report are:
- North America
- Asia Pacific
- Rest of the World
This report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.