Cattle Management Software Global Market Report 2024

The cattle management software market size has grown rapidly in recent years. It will grow from $1.3 billion in 2023 to $1.62 billion in 2024 at a compound annual growth rate (CAGR) of 12%. The growth during the historic period can be attributed to maintaining accurate and comprehensive records for audits and historical analysis, engaging with local communities and ensuring sustainable practices, optimizing feed based on nutritional needs and analysis, prioritizing animal welfare, and meeting specific buyer requirements for quality and quantity.

The cattle management software market size is expected to see rapid growth in the next few years. It will grow to $2.57 billion in 2028 at a compound annual growth rate (CAGR) of 12.2%. The growth in the forecast period can be attributed to maintaining records for insurance claims and risk management, combining data from various sources for comprehensive analysis, ensuring efficient feeding practices, and monitoring feed costs and calving management. Major trends in the forecast period include advanced analytics and visualization tools for better decision-making based on real-time data, the use of drones and robotic systems for automated data collection on pasture conditions and cattle behavior, genomic data integration, the adoption of blockchain technology to ensure transparent and tamper-proof records of cattle lineage, health history, and movement, and other tools.

The growing demand for dairy products is anticipated to drive the growth of the cattle management software market moving forward. Dairy products refer to food items derived from the milk of mammals, such as cows, goats, and sheep. The demand for dairy products is fueled by factors such as population growth, rising incomes, urbanization, health and nutrition trends, cultural preferences, product innovation, and effective marketing. Cattle management software aids dairy production by organizing and streamlining key aspects of farm management, including herd health, reproduction, milk production, inventory, breeding, and financials, leading to improved efficiency and productivity in producing dairy products. For instance, in June 2023, according to the United States Department of Agriculture, a US-based federal agency, the total amount of cheese produced increased by 6% in 2023 over 2022. Thus, the growing demand for dairy products is driving the growth of the cattle management software market.

Major companies in the cattle management software market are developing advanced remote monitoring solutions using Internet of Things (IoT) technology to enable real-time tracking and monitoring of cattle health and behavior, even in remote locations. IoT technology assists farmers in making more informed decisions, improving the health and well-being of their cattle, and optimizing their operations for better efficiency and productivity. For instance, in 2023, HerdX, a US-based agricultural technology company, introduced HerdView, an innovative IoT-enabled ear tag for cattle. This ear tag integrates with the company's cloud-based software platform, providing farmers with insights into individual animal health and location data. Additionally, the ear tag can track environmental conditions such as temperature and humidity, helping farmers ensure optimal conditions for their livestock. This trend highlights a shift towards more interconnected and data-driven approaches in cattle management, enhancing efficiency and animal welfare.

In March 2024, GEA, a Germany-based industrial machinery manufacturing company, acquired Cattle Eye Ltd. for an undisclosed amount. The acquisition significantly enhances GEA's cattle management software capabilities, particularly in lameness detection and body condition monitoring. Cattle Eye Ltd. is a UK-based agricultural software company specializing in AI-driven technology that monitors and analyzes cattle health and behavior using advanced image recognition and machine learning.

Major companies operating in the cattle management software market are Merck Animal Health, GEA Group AG, Datamars SA, Nedap Livestock Management, Livestock Improvement Corporation (LIC), Chetu Inc., Folio3, Provimi, Afimilk Ltd., VAS (Valley Agricultural Software), Inpixon, smaXtec animal care GmbH, CowManager, ReproTec, Breedr, MaiaGrazing, Hi-Plains Systems, Inc., BoviSync, AgriNET, Cattle Eye Ltd., Performance Livestock Analytics, FarmWizard, ADAS, Livestocked LLC, Herdwatch.

North America was the largest region in the cattle management software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cattle management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the cattle management software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Cattle management software refers to specialized computer programs or applications designed to help farmers and ranchers effectively oversee their cattle operations. These digital tools assist in tracking and managing livestock, including health records, breeding data, feeding schedules, and financial information, with the goal of improving operational efficiency and supporting informed decision-making.

The main types of cattle management software are on-premises and cloud-based. On-premises cattle management software is installed directly on local computers and servers within the farm or business premises. It is used in various applications, including meat cattle and milk cattle, by different end-users such as farmers, veterinarians, feedlot operators, and cooperative societies.

The cattle management software market research report is one of a series of new reports that provides cattle management software market statistics, including cattle management software industry global market size, regional shares, competitors with a cattle management software market share, detailed cattle management software market segments, market trends and opportunities, and any further data you may need to thrive in the cattle management software industry. This cattle management software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The cattle management software market consists of revenues earned by entities by providing services such as herd management, wellness management, breeding management, nutrition provision, weight and growth tracking. The market value includes the value of related goods sold by the service provider or included within the service offering. The cattle management software market also includes sales of radio-frequency identification (RFID) tags, readers, ear tags, biometric identification devices, weighing scales, health monitoring sensors and automated feeding systems. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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