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This report studiesLivestock Monitoring Market with many aspects of the industry like the market size, market status, market trends and forecast, the report also provides brief information of the competitors and the specific growth opportunities with key market drivers. Find the complete Livestock Monitoring Market analysis segmented by companies, region, type and applications in the report.
GlobalLivestock Monitoring Market research report offer:
Expected Gowth Value Of Global Livestock Monitoring Market :
Livestock Monitoring Market size was valued at US$ 1.42 Bn. in 2021 and the total revenue is expected to grow at a CAGR of 11.0% from 2022 to 2029, reaching nearly US$ 3.27 Bn.
Livestock Monitoring Market Overview:
The Livestock Monitoring market is growing because to an increasing number of technological advancements and total digital transformation in various sectors around the world. The growth of economies through digitalization is one of the major factors driving large corporations to invest heavily in digital transformation to change their business models in order to gain value-producing opportunities and stay ahead of their competitors while also improving the consistency and quality of their services. The global Livestock Monitoring Market, which comprises artificial intelligence, augmented reality, and virtual reality, as well as the internet of things, is developing thanks to the increasing number of internet-connected devices throughout the world.
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Livestock Monitoring Market Scope:
This report includes a value-based analysis and forecast for the Livestock Monitoring market. This study and analysis of market drivers, constraints, and opportunities impacting the growth of the Livestock Monitoring Market is included in this report. Livestock Monitoring Market segmentation has been provided based on type, source, end-user, and geography (country-wise). The scope of the study included a strategic analysis of the Livestock Monitoring market in terms of individual growth trends, future prospects, and the contributions of key sub-market stakeholders. Livestock Monitoring market analysis and forecasts for five key regions: North America, Europe, Asia Pacific, the Middle East and Africa (MEA), and Latin America, as well as country-by-country segmentation. The profiles of main industry participants, as well as their strategic perspectives, market positioning, and analyses of core competencies, are included. The top companies participating in the Livestock Monitoring Market are also profiled in terms of their competitive advancements, investments, strategic expansion, and competitive landscape.
Livestock Monitoring Market Segmentation:
Based on the Offering, the market is segmented into Hardware, Software, and Services. Hardware segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2022-2029. One of the main factors driving the market's growth is the increasing use of hardware devices such smart tags, sensors, camera-based systems, and GPS devices in livestock farms. The average size of herds and the number of livestock farms around the world are both increasing, as are sensor technology developments and the necessity for cost-cutting measures, among other things. A global spike in demand for hardware components is expected as livestock monitoring solutions, particularly those used on big farms, become more widely adopted.
Based on the Application, the market is segmented into Milk Harvesting Management, Heat Detection Monitoring, Feeding Management, Heat Stress Management, Health Monitoring Management, and Sorting and Weighing Management. Feeding Management segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2022-2029. Feed management refers to controlling the amount of nutrients provided to livestock and poultry for the intended use. Development of diets that provide the volume of readily available nutrients needed by cattle and poultry for maintenance, production, performance, and reproduction is involved in this. Animals' living quarters need to be kept clean and they need to have constant access to food and water. In addition to being essential for veterinary health, comfort, and well-being, proper feeding and manure management also helps to prevent illness, disease, and parasites.
Milk Harvesting Management segment is expected to grow rapidly at a CAGR of 18.25% during the forecast period 2022-2029. Manual milking takes a long time and is labor-intensive on a dairy farm. So, by introducing auto milking, IoT more successfully addressed this issue, cutting costs and the requirement for people. When the weather is bad, there is a high likelihood that the milk may spoil, but auto milking automatically protects the milk by employing various sophisticated cooling tanks.
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Some prominent players in the Livestock Monitoring Market include:
• Nedap NV
• GEA Group Aktiengesellschaft
• Sensaphone
• Connecterra
• Cainthus
• SmartShepherd
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Regional Insights on Livestock Monitoring market:
The several sections on regional segmentation provide information on the regional characteristics of the global Livestock Monitoring Market. This chapter discusses the regulatory environment that will have an impact on the global market. It highlights the market’s political landscape & anticipates its impact on the worldwide Livestock Monitoring industry. Global brands’ presence and availability, as well as the problems they face from fierce competition from local & domestic brands, the influence of domestic tariffs, and trade channels, are all considered. The Livestock Monitoring report examines the five areas & their distribution by country:
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