Global Livestock Monitoring Market: Industry Analysis and Forecast (2020-2026)

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Global Livestock Monitoring Market size is expected to reach US$ XX Bn. by 2026 from US$ XX Bn. in 2019, at a CAGR of 11.2 % during the forecast period.

The global Livestock Monitoring market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global Livestock Monitoring report also provides trends by market segments, technology, and investment with a competitive landscape.
Definition of Livestock Monitoring:

Livestock monitoring systems track the entire livestock environment 24 hours a day, seven days a week, and notify the user via phone, text, or email if any condition exceeds a preset threshold, allowing the user to respond quickly. These devices are also used to keep track of sick animals, tack quarters, and animals housed in trailers when traveling.
Global Livestock Monitoring Market Dynamics:

The growth in the size and number of dairy farms, new product launches for livestock management, the emergence of sensors that can gather a wide range of data, and the need for cost savings associated with livestock monitoring and management are all driving demand for livestock monitoring systems. Continuous advancements in sensor technology are making large quantities of data relevant to tracking animals and their environment, and thus their development, health, and growth, accessible.

With the ever-increasing demand for large cattle and poultry, advanced techniques are being used to help in animal monitoring and tracking. The use of systems for measuring and identifying animals is already widespread around the world, and it is expected that systems for tracking animals, monitoring basic health-related factors like body temperature and heart rate, and determining body conformation will gain traction in the future.

On the other hand, limit product supplies and lift consumer prices. Free trade arrangements are used by the European Union (EU) to restrict the use of popular cheese by producers in some EU regions. With countries like China, Japan, and a slew of Latin American and Middle Eastern countries, the USDA has been relentless in pressing for new dairy-related trade restrictions.
Global Livestock Monitoring Market Segmentation:

Based on the offering, the livestock monitoring market is segmented into hardware, software, and services. In 2020, the hardware segment had the largest share of the livestock monitoring market. Due to the growing adoption of hardware devices such as RFID, sensors, smart cameras, and GPS technology on livestock farms, hardware held the largest share of the livestock monitoring market in 2020. The information gathered by these devices informs farmers about animal reproduction, nutrition, and welfare. Over the last few years, technological advances in software and services used in livestock monitoring management systems have also fueled market development.

Automatic identification and data collection are made possible by a hardware and software solution, allowing for accurate and fast-tracking and monitoring of livestock. Because of these benefits, the demand for cattle monitoring is expected to expand significantly over the forecast period.

Global Livestock Monitoring Market Regional Insights:

Because of technological advancements and increased internet penetration in the region, North America dominated the market for livestock monitoring and accounted for the largest revenue share of 31.0 % in 2019. The rise can also be attributed to the region’s increased meat consumption. In recent years, the rate of growth in animal food and byproduct consumption in North America has accelerated, requiring local meat and dairy product producers to expand their supply lines. If consumer incomes rise and trade barriers fall, demand for animal products from North America will likely continue to rise around the world. Government mandates on animal disease traceability are also expected to have a significant impact on business growth. As a result, the region’s adoption of livestock monitoring solutions is expected to increase.

Over the forecast period, the European market is expected to gain a large share. Meat and dairy production in European countries, especially France, the United Kingdom, and Italy, is increasing at a rapid pace.

The objective of the report is to present a comprehensive analysis of the Global Livestock Monitoring Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Global Livestock Monitoring Market dynamics, structure by analyzing the market segments and project the global Livestock Monitoring market size. Clear representation of competitive analysis of key players By Offering, price, financial position, product portfolio, growth strategies, and regional presence in the Global Livestock Monitoring Market make the report investor’s guide.

Global Livestock Monitoring Market Scope:

Global Livestock Monitoring Market, by Region

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America

Global Livestock Monitoring Market Key Players

• GEA Farm Technologies
• DeLaval
• Afimilk Ltd.
• BouMatic, LLC
• Merck Animal Health
• Dairymaster Ltd.
• Lely International NV
• Fancom BV
• Fullwood Packo Ltd.
• Nedap NV
• GEA Group Aktiengesellschaft
• Lely
• Afimilk Ltd.
• Sensaphone
• BouMaticand
• Other Key Players

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This Report Is Submitted By : Maximize Market Research Company

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