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Livestock Monitoring Solutions Market (Offering - Hardware, Software, and Services; Farm Type - Small, Med-sized, and Large; Livestock Type - Large, Swine, Equine, and Others; Application - Milk Harvesting Management, Breeding Management, Feeding Management, Heat Stress Management, Animal Comfort Management, Behavior Monitoring & Control, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2027

  • Published : April, 2022

  • Rep Id : ICT003093

  • Category : Electronics, ICT and Semiconductors

  • Status : Published

A recent report published by Infinium Global Research on the livestock monitoring solutions market provides in-depth analysis of segments and sub-segments in the global as well as regional livestock monitoring solutions market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional livestock monitoring solutions market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global livestock monitoring solutions market. According to the report, the global livestock monitoring solutions market is projected to grow at a CAGR of 13.9% over the forecast period of 2021-2027.

 

Market Insight

The global livestock monitoring solutions market was sized from USD 3836.71 million in 2021 to about  USD 8395.20 million in 2027. The global livestock monitoring solutions market is projected to grow with a CAGR of 13.94% during 2021-2027. The solution primarily used to monitor all transactions related to the animals and products including milk and milk products is known as Livestock monitoring. The process involves monitoring all kinds of diseases related to the animals, milk and meat consumption, and medicinal cost associated with the animals and is considered a smart farming method. Furthermore, the issues that are critical in preventing the loss associated with the livestock can be detected by the livestock monitoring process. However, the farmers are incurring huge losses on the account of the animal illness, hence there is a need for IoT enabled livestock management which is expected to increase in the upcoming future livestock and farmer. Therefore livestock monitoring solutions become an essential method for farmers since it improves the overall profit related to the management of the livestock.

 

The prime factors which drive the growth of the livestock monitoring solutions market are the growing demand for the livestock monitoring solutions, which can be attributed to the increasing profits concern among the farmers and the large population of the livestock, which can be easily managed with the help of the livestock monitoring solutions. Furthermore, the increasing number of sheep across the globe, growing technological development such as IoT and cloud, increasing penetration of the IoT enabled services, increasing application of the cloud based software, and rising need for livestock disease detection are some other factors that are propelling market’s growth. However, the incapability of farmers towards huge capital investment and Limited skillsets and technology understanding among farmers are the two major factors that are hampering the market’s growth. On the other hand, the Rise in the number of dairy farms & cattle population and the cost-saving associated with livestock monitoring management are expected to provide lucrative opportunities to the market.

 

Based on the region, the livestock monitoring solutions market is segmented as North America, Europe, Asia Pacific, and the rest of the world. North America is expected to be the leading region for the overall livestock monitoring solutions market owing to increasing innovation in the field of livestock management solutions. Furthermore, there is a rising demand for the reduction of the overall cost associated with cattle rearing in the region, which is anticipated to boost the growth of the overall market during the forecast period. However, Asia-Pacific is expected to witness robust growth in the livestock monitoring solutions market due to the increasing number of cattle and buffaloes in the region. For instance, India has the highest number of cattle and buffaloes which accounted for 298 million in 2016.

 

Segment Covered

The report on the global livestock monitoring solutions market covers segments such as offering, farm type, livestock type, and application. On the basis of offering, the sub-markets include hardware, software, and services. On the basis of farm type, the sub-markets include small, med-sized, and large. On the basis of livestock type, the sub-markets include large, large, swine, equine, and others. On the basis of application, the sub-markets include milk harvesting management, breeding management, feeding management, heat stress management, animal comfort management, behavior monitoring & control, and others.

 

Companies Profiled:

The report provides profiles of the companies in the market such as GEA Group AG,, Afimilk Ltd., Sensaphone, Rugged Networks Limited., BouMatic LLC., Communications Group Lethbridge Ltd., Lely Holding S.À.R.L, SCR Dairy, Inc., DairyMaster, and Valley Agriculture Software.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the livestock monitoring solutions market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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