Global Livestock Monitoring Market, By Offering (Hardware, Software and Services), Farm Size (Small, Medium-sized and Large), Livestock Type (Sheep, Goat, Cattle, Poultry, Swine, Equine and Others), Application (Milk Harvesting Management, Breeding Management, Feeding Management, Heat Stress Management, Animal Comfort Management, Behavior Monitoring and Control and Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Data Bridge Market Research analyses that the livestock monitoring market will exhibit a CAGR of around 15.20% for the forecast period of 2022-2029. Rising prevalence of zoonotic disorders, increased focus on research and development proficiencies in regards to medical devices and on the adoption of advanced IT healthcare technologies, rising livestock population around the globe and rising expenditure for the development of healthcare infrastructure especially in the developing economies are the major factors attributable to the growth of livestock monitoring market.
Livestock monitoring is a technology that is used to improve the performance of livestock and monitor their performance. Livestock monitoring assists in providing the data on the location and physical condition of animals. It assists then farmers in in effective and efficient monitoring of the livestock.
Upsurge in the cases of chronic disease and disorder in animals is one of the major factors fostering the growth of the market. Rising pressure to meet the global demand for food is another market growth determinant. Ever- rising technological advancement and innovation of new instruments, rising usage of cutting-edge technology-based solutions for farming, unpredictable climate changes and environmental factors will further generate lucrative market growth opportunities.
However, lack of awareness about the diseases will derail the market growth rate. Also, high capital investment along with fragmented agriculture industry, incapability to determine hygiene and cleanliness and dearth of a favourable reimbursement scenario in the developing and underdeveloped economies will further pose challenges for the market. Further, lack of a strong internet infrastructure in backward areas and dearth of standardization for data management and data aggregation will also hamper the market growth rate.
This livestock monitoring 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 monitoring 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 Monitoring Market Scope and Market Size
The livestock monitoring market is segmented on the basis of offering, farm size, livestock type and application. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of offering, the livestock monitoring market has been segmented into hardware, software and services.
- Based on farm size, the livestock monitoring market has been segmented into small, medium-sized and large.
- On the basis of livestock type, the market is segmented into sheep, goat, cattle, poultry, swine, equine and others.
- The livestock monitoring market has been segmented on the basis of application into milk harvesting management, breeding management, feeding management, heat stress management, animal comfort management, behavior monitoring and control and others. Others segment is sub-segmented into calf management, genetic management, cattle sorting, weighing, data analysis, decision support, and financial management.
Livestock Monitoring Market Country Level Analysis
The livestock monitoring market is analysed and market size insights and trends are provided by country, offering, farm size, livestock type and application as referenced above.
The countries covered in the livestock monitoring market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the livestock monitoring market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is because of the increase in the expenditure for research and development proficiencies, presence of key players in the region and high investment in animal health care expenditure. Asia-Pacific on the other hand is projected to exhibit the highest growth rate during the forecast period owing to the increasing government expenditure on healthcare sector, rising adoption of veterinary healthcare facilities, rapid expansion of manufacturing facilities in emerging countries such as China and India and rising personal disposable income.
The country section of the livestock monitoring 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.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The livestock monitoring market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for livestock monitoring market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the livestock monitoring market. The data is available for historic period 2010 to 2020.
Competitive Landscape and Livestock Monitoring Market Share Analysis
The livestock monitoring 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 monitoring market.
Some of the major players operating in the livestock monitoring market report are Deere & Company., DeLaval Inc., GEA Group Aktiengesellschaft, Afimilk Ltd., Communications Group Lethbridge., BouMatic, SCR., Lely, IBM, 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 and Vistex, Inc., among others.