Healthcare Upcoming Trends and Topics Dairy Herd Management Market worth 3.55 Billion US | Page 2

• The global dairy herd management market is projected to reach USD 3.55
Billion by 2022 from USD 2.57 Billion in 2017, at a CAGR of 6.7%. Factors such
as increasing herd size of dairy farms, substantial cost savings associated with
dairy herd management, growing production and consumption of milk and
dairy products, increasing public-private funding and investments towards the
development of dairy farms, and technological advancements are driving the
market.
• This report broadly segments the dairy herd management market into
product, application, end user, and region. On the basis of product, the
market is categorized into automated dairy herd management systems and
standalone software. In 2017, the automated dairy herd management systems
segment is expected to account for the largest share of the market. The large
share of this segment can be attributed to the growing preference for
automated herd management systems, increasing mechanization of dairy
farming due to a dearth of labor, increasing number of dairy cattle globally,
and the rising demand for dairy products.
https://www.marketsandmarkets.com/Market-Reports/dairy-herd-management-market-36572220.html