Global Livestock Analytics Market, By Application Area (Feeding Management, Heat Stress Management, Milk Harvesting, Breeding Management, Behaviour Monitoring and Management, Others), Component (Solution, Services), Deployment Type (Cloud, On-Premises), Farm Size (Small and Medium-Sized Farms, Large Farms), Country (U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Chile, Rest of South America, U.A.E, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Livestock Analytics Market
Livestock analytics market is expected to reach USD 1972.4 million by 2028 growing at a growth rate of 15.80% in the forecast period 2021 to 2028. Increasing government initiatives to deploy modern agricultural techniques which will likely to act as a factor for the livestock analytics market in the forecast period of 2021- 2028.
The entire livestock environment is monitored 24/7 by livestock monitoring systems, alerting the user by telephone, text or email if any condition falls beyond a predetermined parameter, so that the user can respond quickly. In addition, these devices are used for the care of sick animals, tack rooms and observation of animals kept in the trailer while travelling.
Increasing pressure to meet the global demand for food, unpredictable climate changes and environmental factors, rising usage of cutting-edge technology-based solutions for farming, rising adoption of modern farming practices, increasing number of technological advancement, increasing pressure to meet the global demand for food are some of the vital as well as important factors which will likely to accelerate the growth of the livestock analytics market in the projected timeframe of 2021-2028. On the other hand, adoption of artificial intelligence and predictive analytics to improve the yield along with growing demand of internet of things and smart technologies to enable precision agriculture which will further contribute by generating immense opportunities that will led to the growth of the livestock analytics market in the above mentioned projected timeframe.
Increasing need of high capital investment along with fragmented agriculture industry which will likely to act as market restraints factor for the growth of the livestock analytics in the above mentioned projected timeframe. Lack of standardization for data management and data aggregation in agriculture industry along with lack of technical knowledge which will become the biggest and foremost challenge for the growth of the market.
This livestock analytics market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on livestock analytics market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Livestock Analytics Market Scope and Market Size
Livestock analytics market is segmented on the basis of application area, component, deployment type, and farm size. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of application area, the livestock analytics market is segmented into feeding management, heat stress management, milk harvesting, breeding management, behaviour monitoring and management, and others.
- Based on component, the livestock analytics market is segmented into solution, and services. Services have been further segmented into professional services, and managed services. Professional services have been further sub segmented into integration and implementation, consulting, support and maintenance, training and education.
- Based on the deployment type, the livestock analytics market is segmented into cloud, and on-premises.
- The livestock analytics market is also segmented on the basis of farm size. The farm size is segmented into small and medium-sized farms, large farms.
Livestock Analytics Market Country Level Analysis
Livestock analytics market is analyses and market size, volume information is provided by country, application area, component, deployment type, and farm size as referenced above.
The countries covered in the livestock analytics market report are U.S., Canada, Mexico in North America, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Chile, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the livestock analytics market due to the prevalence of large farms with best-in-class farming equipment along with increasing growth of the agriculture sector in the region while Asia-Pacific region will expect to grow in the forecast period of 2021-2028 due to the surging levels of investments in the digital agriculture practices along with implementation of cloud based solutions in the region.
The country section of the livestock analytics market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Livestock Analytics Market Share Analysis
Livestock analytics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to livestock analytics market.
The major players covered in the livestock analytics report are Deere & Company.; DeLaval Inc.; GEA Group Aktiengesellschaft; Afimilk Ltd.; Communications Group Lethbridge.; BouMatic; SCR.; Lely; IBM Corporation; SAP SE; Trimble Inc.; Accenture.; Iteris, Inc.; Oracle; Agrivi.; AgVue Technologies; Conservis; DTN; Farmer's Business Network, Inc.; Farmers Edge Inc.; Granular, Inc.; Gro Intelligence.; PrecisionHawk, Inc.; LexisNexis Risk Solutions Group; Vistex, Inc.; among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.