Livestock Monitoring Global Market Size, Growth, Demand, Trend Analysis And Forecast To 2032

The Livestock Monitoring Global Market Report 2023 by The Business Research Company, provides livestock monitoring market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

 

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According to The Business Research Company’s Livestock Monitoring Global Market Report 2023, the global livestock monitoring market size will grow from $2.74 billion in 2022 to $3.15 billion in 2023 at a compound annual growth rate (CAGR) of 14.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The livestock monitoring market size is expected to grow to $5.67 billion in 2027 at a CAGR of 15.9%.The increasing focus on early disease detection and real-time monitoring in livestock is expected to significantly drive the growth of the livestock monitoring market. The focus on real-time monitoring and early disease detection is crucial for providing proper care for the animals and helping maintain their good health. With sensor technologies that aid in real-time tracking and monitoring, any issues in livestock can be identified so that they can be rectified as early as possible.

 

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The livestock monitoring market is segmented:

1) By Livestock Type: Cattle, Poultry, Swine, Equine, Other Livestock
2) By Offering: Hardware, Software, Services
3) By Application: Milk Harvesting Management, Heat Detection Monitoring, Feeding Management, Heat Stress Management, Health Monitoring Management, Sorting And Weighing Management

Technological advancement such as heard management systems is a key trend gaining popularity in the livestock monitoring market. Farmers can keep their cows fresh and healthy by using herd management systems. The herd management system is an advanced system with a single tag that uses software modules to analyze the real-time behavior of livestock. These devices allow farmers to increase milk output while never overworking the cow. It is a less invasive method of keeping track of cows, as it does not need branding or more tagging. For instance, in December 2020, BouMatic, a US-based milking technologies company released an upgraded management system for its Gemini milking robot named OneView. This comprehensive Gemini milking robot management system converts all robot, cow, and herd performance data into easy-to-use tools and graphs to present all data. This system includes sensors that provide data such as milk flow, somatic cell count, color, and conductivity in real-time to monitor and increase productivity.

The livestock monitoring market report table of contents includes:
1. Executive Summary
2. Livestock Monitoring Market Characteristics
3. Livestock Monitoring Market Trends And Strategies
4. Livestock Monitoring Market – Macro Economic Scenario
5. COVID-19 Impact On Livestock Monitoring Market
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26. Africa Livestock Monitoring Market
27. Livestock Monitoring Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Livestock Monitoring Market
29. Livestock Monitoring Market Future Outlook and Potential Analysis
30. Appendix

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