Global Livestock Monitoring Market Set to Reach USD 3.7 Billion by 2030: MarketsandMarkets Report

The global livestock monitoring market is projected to witness substantial growth, with a forecasted increase from USD 1.6 billion in 2022 to USD 3.7 billion by 2030, according to a report by MarketsandMarkets. The market is anticipated to exhibit a compound annual growth rate (CAGR) of 11.0% during the period from 2022 to 2030.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=72634532

Key Segments:

The livestock monitoring market is divided into four categories: technology, product, application, and geography. RFID, GPS, sensors, and other monitoring devices are critical components contributing to the market's growth. The offers comprise hardware, software, and services, resulting in a comprehensive livestock management solution. Milk collecting, heat stress monitoring, behaviour monitoring, reproduction management, and health monitoring are all examples of applications.

Growth Drivers:

Several reasons are driving the global livestock monitoring market forward. A primary driver is the growing demand for real-time data and insights to optimise livestock farming practises, improve animal health, and boost productivity. Furthermore, the growing adoption of IoT (Internet of Things) and modern technologies in agriculture and livestock management is driving market growth. The increased demand for efficient monitoring systems to avoid disease outbreaks, lower mortality rates, and maintain the general well-being of livestock is driving market expansion.

Challenges:

While the market offers numerous opportunities, it is not without difficulties. Integration complexity, high initial costs associated with advanced monitoring technology, and the requirement for qualified individuals to maintain these systems are all possible roadblocks to wider adoption of livestock monitoring solutions.

Opportunities:

The developing precision farming scenario, combined with growing farmer knowledge of the benefits of livestock monitoring, presents significant opportunity for market actors. Collaborations and collaborations between technology providers and agricultural stakeholders are expected to spur innovation and open up new business opportunities.

Inquiry Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=72634532

Key Players in Livestock Monitoring Market

The major players in the livestock monitoring companies are Allflex Livestock Intelligence (Subsidiary of MSD Animal Health) (US), DeLaval (Sweden), Afimilk Ltd. (Israel), Nedap N.V. (Netherlands), BouMatic (US).

Comments

Post a Comment

Popular posts from this blog

Sustainable Practices Boost Demand for Pressure Transmitters in Water & Wastewater Treatment

  The global pressure transmitter market is poised for substantial growth, driven by the increasing demand across various industries. Among these, the water and wastewater treatment industry is anticipated to register the highest growth rate during the forecast period. This growth is fueled by the rising need for efficient and reliable pressure measurement solutions to ensure safe and effective water treatment processes. Download PDF Brochure @  https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=937 Importance of Pressure Transmitters in Water & Wastewater Treatment Pressure transmitters play a crucial role in the water and wastewater treatment industry. They are essential for monitoring and controlling the pressure within pipelines, tanks, and other critical infrastructure. Accurate pressure measurement is vital for: Process Optimization : Ensuring optimal pressure levels helps in maintaining the efficiency of treatment processes, reducing energy consumption, and min...
Read more

Retail & Logistics: Driving Growth in the Mesh Gateway Market

The mesh gateway market is poised for substantial growth, with the retail and logistics sectors emerging as key contributors. As businesses increasingly adopt digital transformation strategies, the demand for reliable, scalable, and efficient network solutions has skyrocketed. Mesh gateways, known for their ability to enhance network coverage and reliability, are becoming integral to these sectors. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=191463907 Understanding Mesh Gateways Mesh gateways are networking devices that facilitate the interconnection of various network nodes, forming a robust and seamless communication network. Unlike traditional networking solutions, mesh gateways allow each node to connect to multiple other nodes, creating a web-like structure. This architecture ensures continuous connectivity, even if one node fails, as the network can dynamically reroute data through other available nodes. Why Retail & Logistics? ...
Read more

Future Insights: Energy & Utilities to Drive Cellular Modem Market Expansion

The cellular modem market is poised for substantial growth between 2023 and 2028, with the Energy & Utilities segment expected to hold the largest market share. This trend is driven by several factors, including the increasing demand for advanced communication technologies to enhance operational efficiency, safety, and remote monitoring capabilities within the sector. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=135102534 Key Factors Driving Growth in the Energy & Utilities Segment Enhanced Communication Needs : The Energy & Utilities sector requires robust and reliable communication solutions to manage extensive networks of equipment and infrastructure. Cellular modems offer seamless connectivity, which is crucial for real-time data transmission and remote management. This capability is particularly important for ensuring the efficient operation and maintenance of energy grids, water systems, and othe...
Read more