Cattle Management Software Market Size, Share & Trends Analysis Report By Sector (Dairy, Meat), By Software Type (Monitoring, Trading/ Marketing, Medication Tracking), By End-user, By Region, And Segment Forecasts, 2023 - 2030

Report Overview

The global cattle management software market size was valued at USD 1.55 billion in 2022 and is estimated to grow at a compound annual growth rate (CAGR) of 10.08% from 2023 to 2030.The market is driven by a combination of factors that reflect the evolving needs and demands of the livestock industry and technological advancements. The increasing need to streamline operations, improve efficiency, and enhance overall farm profitability are the key factors contributing to market growth. These drivers play a significant role in shaping the growth & development of software solutions tailored for cattle monitoring. Cattle management software provides real-time data on the health, behavior, & performance of individual animals and the herd. This data empowers farmers to make informed decisions promptly, leading to more efficient cattle management. It also reduces the need for manual labor & improves farm productivity.

Timely detection of health issues is essential in preventing disease outbreaks and minimizing losses. Cattle management software allows for continuous health monitoring, helping farmers identify sick animals early and take appropriate action, thereby reducing treatment costs and loss of productivity. This software can also track breeding cycles, predict optimal breeding times, and monitor pregnancy status, increasing the chances of successful calving and herd expansion.

Furthermore, efficient feed management is crucial for cost control & animal health. Cattle software can monitor feed intake and adjust rations based on the nutritional needs of individual animals, promoting healthier cattle and cost savings. As the demand for enhanced efficiency & productivity grows, the need for software that enables better cattle monitoring is anticipated to increase.

The COVID-19 pandemic indirectly affected various markets, including cattle software. The pandemic disrupted supply chains globally, affecting the availability of hardware components and technology infrastructure needed to run cattle software systems. This led to delays in deploying new software solutions or updates to existing ones. In developing countries, labor shortages resulting from COVID-19 restrictions made it difficult for cattle farmers to maintain operations. This drove the demand for automation and software solutions to manage cattle farms with reduced human labor. Post-COVID-19, the demand for cattle management software has resumed on its previous growth trajectory.

Sector Insights

The dairy segment held the dominant market share of 61.83% in 2022. The segment is also anticipated to expand at the fastest CAGR of 10.30% over the forecast period. This is owing to the rising demand for herd management & monitoring in the dairy sector, the adoption of digital tools for decision-making, the need for cost reduction, and breakthrough initiatives by key market players. Based on sector, the cattle management software market is bifurcated into dairy and meat.

In March 2021, GEA Group Aktiengesellschaft launched ‘DairyNet’, a new herd & farm management system in Germany with imminent plans to launch across Europe. In 2022, GEA partnered with the International Dairy Data Exchange Network (iDDEN) to optimize data exchange between the company's DairyNet solution and international organizations for animal data collection & analysis.

End-user Insights

By end-user, the farm owners segment held the highest share of over 40.0% of the market in 2022. Rising awareness about the benefits of cattle management software has led to the progressive adoption of this software. Education and outreach efforts by software providers and agricultural organizations have played a role in promoting software adoption. Some farmers are expanding their operations and managing larger herds, which can be challenging without software assistance. Cattle management software can help them handle the increased workload associated with larger herds.

The managers/operators end-user segment is estimated to witness the fastest CAGR of more than 8.0% in the near future. Feedlot managers/ operators manage and raise cattle in a confined environment to prepare them for the market. The adoption of cattle management software can offer several potential benefits to feedlot operators. Thus, the managers/operators segment is expected to show significant demand for cattle management software solutions during the forecast period.

Software Type Insights

In 2022, the monitoring segment accounted for the largest share of 62.03% of the market, owing to the increasing availability, demand, and adoption of monitoring software in the cattle sector for various applications. Afimilk Ltd., for instance, reported that it manages about 10 million cows via its AfiFarm software. Its sensors detect about 0.16 million cows in heat daily. On the basis of software type, the market is segmented into monitoring, trading/ marketing, and medication tracking. The medication tracking segment is projected to expand at the highest CAGR of 10.89% in the near future.

The monitoring software market is further segmented by application into milk harvesting management, reproduction/ breeding management, feeding management, health management, and others. Amongst these, the reproduction/ breeding management segment held the highest share of 33.08% of the monitoring market in 2022. On the other hand, the health management segment is anticipated to grow at the fastest rate of 10.49% from 2023 to 2030. Advances in technology, including cloud-based solutions & mobile apps, have made cattle software more accessible and user-friendly for cattle farmers. This makes it easier for them to integrate technology into their operations.

Regional Insights

In terms of region, North America accounted for the largest share of 36.50% of the market in 2022. This is attributed to the high penetration of digital tools in cattle farming as well as the presence of key companies in the region. Increased innovation to identify individual cattle throughout their lives and taking accurate action for each cattle support market growth. For instance, in August 2023, Dairy One announced a partnership with CattleEye. CattleEye is a new AI-based tool that automates locomotion scoring for dairy cows and is new to the U.S.; however, it has already been in use in EU and UK farms.

Asia Pacific is expected to witness the fastest CAGR of 11.29% over the forecast period due to the rising demand for cattle management solutions and the high regional population. In April 2023, HerdDogg partnered with iTRAK Group to distribute its hardware & software platform in Australia and New Zealand. Furthermore, developing markets such as India present lucrative opportunities for market participants to expand their operations.

Key Companies & Market Share Insights

Competition in the market for cattle management software has been intensifying in recent years, as more farmers & ranchers recognize the benefits of adopting technology to improve their cattle management practices. Various companies and software developers have entered the cattle software market, offering various solutions with different features & functionalities. Solutions cater to different market segments, including dairy farming, beef production, and ranching. In April 2023, Animall launched a digital platform for cattle trade in India. Animall's app enables dairy farms across India to establish their farms by providing efficient and quick access to quality cattle.

Moreover, collaborative initiatives are further anticipated to heighten market competitiveness in the near future. For example, in January 2023, VAS collaborated with Zoetis, thus facilitating the usage of genomic data for the former’s DairyComp cattle management software. Some of the prominent players in the global cattle management software market include:

• Merck & Co., Inc.

• Afimilk Ltd.

• GEA Group Aktiengesellschaft

• Livestock Improvement Corporation (LIC)

• Nedap Livestock Management

• Datamars SA

• Inpixon

• Breedr

• Performance Livestock Analytics

• CowManager B.V.

• Cattle Eye Ltd.

• VAS

• smaXtec animal care GmbH
  

Cattle Management Software Market Report Scope

Global Cattle Management Software Market Report Segmentation

This report forecasts revenue growth at the global, regional & country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2018 to 2030. For the purpose of this study, Grand View Research has segmented the global cattle management software market report on the basis of sector, software type, end-user, and region:

• Sector Outlook (Revenue, USD Million, 2018 - 2030)

  • Dairy

  • Meat

• Software Type Outlook (Revenue, USD Million, 2018 - 2030)

  • Monitoring

    • Milk Harvesting Management

    • Reproduction/ Breeding Management

    • Feeding Management

    • Health Management

    • Other Applications

  • Trading/ Marketing

  • Medication Tracking

• End-user Outlook (Revenue, USD Million, 2018 - 2030)

  • Farm Owners

  • Managers/ Operators

  • Others (e.g., consultants)

• Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Spain

    • Sweden

    • Denmark

    • Norway

    • Rest of Europe

  • Asia Pacific

    • Japan

    • China

    • India

    • South Korea

    • Australia

    • Thailand

    • Rest of Asia Pacific

  • Latin America

    • Brazil

    • Mexico

    • Argentina

    • Rest of Latin America

  • Middle East & Africa

    • South Africa

    • Saudi Arabia

    • Rest of MEA