The global livestock monitoring market size is accounted to grow at a CAGR of around 16% during the forecast period from 2023 to 2030. The increasing number of cattle is a primary factor to drive the market growth. The livestock monitoring market is bifurcated into component, animal type, application, and geography. On the basis of component, the market is further segmented into hardware, software, and services. The hardware segment held the largest market share in 2020 and accounted to hold around 40% of the market share in terms of revenue. By application, the global livestock monitoring market is classified into milk harvesting, feeding management, breeding management, behavior monitoring, and others.
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According to the recent report published by RC Market Analytics, the Global Livestock Monitoring Market is expected to provide sustainable growth opportunities during the forecast period from 2023 to 2030. This latest industry research study analyzes the livestock monitoring market by various product segments, applications, regions and countries while assessing regional performances of numerous leading market participants. The report offers a holistic view of the livestock monitoring industry encompassing numerous stakeholders including raw material suppliers, providers, distributors, consumers and government agencies, among others. Furthermore, the report includes detailed quantitative and qualitative analysis of the global livestock monitoring market considering market history, product development, regional dynamics, competitive landscape, and key success factors (KSFs) in the industry.
Geographically, the livestock monitoring market report comprises dedicated sections centering on the regional market revenue and trends. The livestock monitoring market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Livestock monitoring market estimates have also been provided for the historical years 2020 & 2021 along with forecast for the period from 2023 - 2030. The report includes a deep-dive analysis of key countries including the U.S., Canada, the U.K., Germany, France, Italy, China, Japan, India, Australia, Mexico, Brazil and South Africa, among others. Thereby, the report identifies unique growth opportunities across the world based on trends occurring in various developed and developing economies.
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The Livestock Monitoring Market Segmentation:
By Animal Type:
- Feeding Management
- Milk Harvesting
- Breeding Management
- Animal Health Monitoring & Comfort
- Heat Stress
- Behavior Monitoring
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Key players operating in the global livestock monitoring market are DeLaval Inc., GEA Group Aktiengesellschaft, Afimilk Ltd., Sensaphone, BouMatic., MSD Animal Health, Dairymaster, Fancom BV, Lely, and Fullwood Packo.
Key Questions Answered by Livestock Monitoring Market Report:
- Product popularity and adoption based on various country-level dynamics
- Regional presence and product development for leading market participants
- Market forecasts and trend analysis based on ongoing investments and economic growth in key countries
- Competitive landscape based on revenue, product offerings, years of presence, number of employees and market concentration, among others
- Various industry models such as SWOT analysis, Pestle Analysis, Porter’s Five Force model, Value Chain Analysis pertaining to Livestock Monitoring market
- Analysis of the key factors driving and restraining the growth of the global, regional and country-level markets from 2020-2027
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