Technology has increasingly become an integral part of our life with its usage prominent in every part of our life. This has led to the production of critical software that works well with all other components of a firm. One of the latest innovations that have helped in organizing a highly dis-organized sector is the dairy farm management software market.
The dairy farm software works as a central system that logs the daily activities of a dairy and provides meaningful insights to the farm owners. The software automates a lot of work and makes sure that every major component works well with the software.
The global dairy farm management software industry hit a major high in the year 2018 and is expected to grow further at a compound annual growth rate of xx percent for the next few years. By the year 2025, the industry is expected to reach a major high.
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The key manufacturers covered in this report:
EasyKeeper Herd Manager
Lion Edge Technologies
N.S.T. New Science Technologies
The vastly popular dairy farm management software industry can be segmented on several factors. Some of the biggest factors that have taken a special role in the industry are the type of product and the application of the software.
Based on the type of product, the entire industry can be segmented into on-premise and cloud-based solutions. The cloud-based solutions are used by smaller firms who need very few solutions. On the other hand, the cloud-based solutions being modular has helped the smaller farms choose the offerings as per their requirements. The on-premise dairy farm management solution serves the larger firms that deal with a vast herd every day.
On the other hand, the industry is segmented in two extensively grazed dairy farms, housed dairy farms, pasture-based dairy farms, and experiment dairy farms. Each segmentation comes up with its own set of advantages and solutions. The presence of dairy farm management software helps the firms to streamline the processes and carter to every other need of the firm.
Factors affecting the growth prospects
There is a slew of factors that affect the growth prospects of the industry. The rising awareness among individuals, effective promotions by the software vendors, and the rapid modernization of solutions has helped the global dairy management software grow by leap and bound in recent years.
On the other hand, lack of essential skills and the growth of micro, nuclear farms have hurt the industry. The industry is poised to grow at a steady fast pace as the industry continues to expand rapidly all across the world.
The dairy farm management software industry is characterized by the presence in all major continents across the globe. North America holds the lion share followed by Europe and major regions like the Asia Pacific area.
India and China are expected to lead the race in the next few years due to the presence of a large number of firms, even in the most remote regions in both countries.
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Release ID: 88925514