Global Feed Software Market to Reach USD 281.9 Mln by 2022, Expects Meticulous Research in Its Topical Report Available at MarketPublishers.com13 Jun 2017 • by Natalie Aster
LONDON – Over the past several years, feed software adoption has been gaining traction at a quick pace. The trend is expected to continue in the foreseeable future.
The world’s market for feed software is predicted to amount to USD 281.9 million by 2022, growing at a CAGR of little over than 6% during 2017-2022. The market growth will be supported by a bunch of favourable factors including surging animal population, boosting demand for enzymes in feed and quality management, rising demand for high quality animal food products, escalating expenditures on animal health and insurance, falling feed production costs. However, some challenges like lack of qualified veterinarians and poor animal health awareness in emerging countries may significantly impede the global feed software market growth.
Regionally, North America was the leading market for feed software as of 2016. However, due to considerable investments in the APAC feed software market made by the key vendors, this regional market is likely to exhibit growth at the highest pace (CAGR of appr. 7%) by 2022.
The world’s feed software market is highly fragmented and inhabited by many local and regional participants. Some of the prominent market players include PrairiE Systems, Cultura Technologies, Easy Automation, Landmark feeds, MTech-Systems, Feedlogic Corporation, among others.
Prepared by Meticulous Research, an unrivalled research report “Feed Software Market: Global Forecast To 2022” is a great source of trustworthy information on the current situation in the world’s market for feed software. Besides, the report examines the market dynamics, covers the major market growth drivers and limiters, discusses the major development trends, pinpoints lucrative growth opportunities and sheds light on the main challenges. This insightful report covers the historical market performance during 2015-2016, describes the current scenario and includes future forecasts for the market development up to 2022. The study comprises a comprehensive assessment of the key market segments basing on software delivery mode, animal type, application, end user, geography. Additionally, the report highlights the competitive environment and offers relevant info on the leading market players (about 20 profiles).
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