DUBLIN, June 22, 2016 /PRNewswire/ --

Research and Markets has announced the addition of the "Dairy Herd Management Market by Product, Application, and Region - Global Forecast to 2021" report to their offering.

The global dairy herd management market is projected to grow at a CAGR of 7.8% during the forecast period to reach USD 2.90 Billion by 2021

The market is broadly categorized into hardware & systems and standalone software. The hardware & systems segment includes milk management systems, fertility management systems, feeding management systems, cattle management systems, and accessories, whereas the standalone software segment includes on-premise software and web-based/cloud-based software.

The hardware & systems segment is estimated to account for the largest share of the dairy herd management market in 2016; this large share is attributed to the rising demand for herd management systems as well as dairy products, increasing preference for automated hardware and systems, technological advancements, and increasing number of dairy cattle globally.

Increasing herd size of dairy farms and growing production & consumption of milk and dairy products across various regions are the major factors driving the growth of the market. In addition, factors such as substantial cost savings associated with dairy herd management and key benefits offered by the implementation of smart farming techniques are further stimulating the growth of the market. However, the dearth of trained dairy professionals across the globe and ongoing campaigns to save dairy animals from unethical practices are restraining the growth of the market.

The key players in the dairy herd management market includes Afimilk Ltd. (Kibbutz, Israel), GEA Group AG (Germany), DeLaval (Sweden), Dairy Master (Ireland), BouMatic (U.S.), Infovet (India), Lely Holdings S.A.R.L (Netherlands), SCR Dairy, Inc. (Israel), Sum-It Computer Systems, Ltd. (U.K.), and Valley Agriculture Software (U.S.).

The major stakeholders of the dairy herd management market include:

- Dairy herd management hardware and system manufacturers and vendors

- Associations related to dairy herd management, medium-scale, and large-scale dairy farms

- Research and consulting firms

- Dairy herd management software manufacturers and vendors

Scope of the Report

Global Dairy Herd Management Market, by Product

- Hardware and Systems

-- Milk Management Systems

-- Fertility Management Systems

-- Feeding Management Systems

-- Cattle Management Systems

-- Accessories

- Standalone Software

- On-premise Software

- Web-based/Cloud-based Software

Global Dairy Herd Management Market, by Application

- Milk Harvesting

- Reproduction Management

- Animal Comfort

- Feeding Management

- Heat Stress Management

- Calf Management

- Others

Companies Mentioned

- Afimilk Ltd.

- Boumatic

- Dairymaster

- Delaval (A Key Subsidiary of Tetra Laval International, S.A.)

- GEA Group AG

- Infovet

- Lely Holding S.À.R.L

- SCR Dairy, Inc. (An Independent Division of Allflex Group)

- Sum-It Computer Systems, Ltd.

- Valley Agriculture Software

For more information visit http://www.researchandmarkets.com/research/s8qhzz/dairy_herd

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SOURCE Research and Markets