(EMAILWIRE.COM, February 05, 2019 ) According to the new market research report "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", published by MarketsandMarkets™, analyzes and studies the major market drivers, restraints/challenges, and opportunities in North America, Europe, Asia-Pacific, and the Rest of the world (RoW).

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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.

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Based on application, the market is segmented into milk harvesting, feeding, breeding, animal comfort & heat stress management, calf management, health management, and other applications (such as genetic management, cattle sorting, weighing, and data analysis). In 2017, the milk harvesting segment is estimated to command the largest share of the dairy herd management market. The focus of farmers towards increasing milk yield while ensuring the heath of the cattle is supporting the growth of the milk harvesting segment.

By end user, the market is segmented into small-scale dairy farms, large-scale dairy farms, and cooperative dairy farms. In 2017, small-scale dairy farms are expected to account for the largest share of the dairy herd management market. The growing demand for dairy products and increasing support from various public-private organizations for small-scale dairy farmers in developing countries are the major factors driving the demand for dairy herd management products in this end-user segment.

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The report covers the dairy herd management market across four major geographies, namely, North America, Europe, Asia Pacific, and the Rest of the World (RoW). Europe is expected to command the largest share of the market in 2017 due to increasing number of dairy cows, growing demand for high-quality milk and milk products, presence of a large number of dairy producing units, and the large volume of milk production in that region. However, Asia Pacific is expected to register the highest growth rate during the forecast period. Factors driving growth in the APAC region include the growing demand for milk and milk products due to the rising population and higher disposable income levels and rapid urbanization in developing APAC countries such as India and China.

Some of the major players operating in this market are 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), among others.