Global Internet of Things (IoT) in Livestock Management Market, By Product (Hardware, Software and Service), Applications (Health Monitoring, Feeding Monitoring, Breeding Monitoring and Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, 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, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights : Global Internet of Things (IoT) in Livestock Management Market
The internet of things (IoT) in livestock management market is expected to witness market growth at a rate of 12.1% in the forecast period of 2022 to 2029 and is expected to reach USD 11.18 billion by 2029. Data Bridge Market Research report on internet of things (IoT) in livestock management market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the focus on real-time monitoring and early disease detection is escalating the growth of internet of things (IoT) in livestock management market.
Internet of things (IoT) is referred to the automated networks of devices, computers and sensors that can process their own data in its place of depending solely on input. These Internet-connected systems gather data of livestock and communicate with external processes through the onboard sensors, impacting businesses in just about every industry, including livestock management. The market comprises of hardware, software, and services that are involved in the IoT for livestock management.
Major factors that are expected to boost the growth of the internet of things (IoT) in livestock management market in the forecast period are the decrease in the price of sensors and sturdy support from the government for promoting the use of precision farming techniques. Furthermore, the growing adoption of IoT and AI for several agricultural applications is further anticipated to propel the growth of the internet of things (IoT) in livestock management market. Moreover, the increase in the number of industrial-scale indoor farms to meet the growing demand for food, and the dearth of arable land is further estimated to cushion the growth of the internet of things (IoT) in livestock management market. On the other hand, the growing upfront cost for the deployment of modern agricultural equipment is further projected to impede the growth of the internet of things (IoT) in livestock management market in the timeline period.
In addition, the rising adoption of UAVs or drones in agricultural farms will further provide potential opportunities for the growth of the internet of things (IoT) in livestock management market in the coming years. However, the inaccessibility of simple and standardized data management and data aggregation tools and the appearance and re-emergence of diseases and environmental concerns might further challenge the growth of the internet of things (IoT) in livestock management market in the near future.
This internet of things (IoT) in livestock management 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 internet of things (IoT) in livestock management 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 Internet of Things (IoT) in Livestock Management Market Scope and Market Size
The internet of things (IoT) in livestock management market is segmented on the basis of product and applications. 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 product, the internet of things (IoT) in livestock management market is segmented into hardware, software and service.
- On the basis of applications, the internet of things (IoT) in livestock management market is segmented into health monitoring, feeding monitoring, breeding monitoring and others.
Internet of Things (IoT) in Livestock Management Market Country Level Analysis
The internet of things (IoT) in livestock management market is analysed and market size, volume information is provided by country, product and applications as referenced above.
The countries covered in the internet of things (IoT) in livestock management market report are the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, 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, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Europe dominates the internet of things (IoT) in livestock management market due to the rise in the need for food driven by the rise in population rate. Furthermore, the growing shortage of natural resources is encouraging the adoption of IoT-based technologies in the agriculture sector which will further boost the growth of the internet of things (IoT) in livestock management market in the region during the forecast period. Asia-Pacific is projected to observe significant amount of growth in the internet of things (IoT) in livestock management market due to the rapidly increasing population. Moreover, the accessibility of arable land, and sturdy government support for farmers through subsidies is further anticipated to propel the growth of the internet of things (IoT) in livestock management market in the region in the coming years.
The country section of the internet of things (IoT) in livestock management 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 Internet of Things (IoT) in Livestock Management Market Share Analysis
The internet of things (IoT) in livestock management 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 internet of things (IoT) in livestock management market.
Some of the major players operating on the internet of things (IoT) in livestock management market are Cisco Systems, Inc., IBM, KaaIoT Technologies, LLC, Oracle, Trimble In., Afimilk Ltd., Allflex, BouMatic, CEMA aisbl, GEA Group Aktiengesellschaft, IceRobotics Ltd, Libelium Comunicaciones Distribuidas S.L., Link Labs, Medria, Nokia, SWIIM System, Ltd., SenseGrow Inc., Softweb Solutions Inc., Stellapps Technologies Pvt LTD, and Sum-It among others.
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