According to a new report published by xResearch, titled, “Livestock Monitoring Market 2022- Industry Insights, Trends, Opportunity & Forecast, 2022–2030,” the global livestock monitoring market size is anticipated to witness prominent growth during the forecast period i.e.,2022-2030.

Factors such as the rising worldwide demand for meat, innovative IoT-based technology and apps are used in livestock monitoring to improve operating performance, optimize returns, and reduce loss by collecting real-time data on the cattle supported by data analytics, and control mechanisms are proving to be significant for enhancing the market of livestock monitoring.

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Geographically, Due to advanced technical breakthroughs and greater internet penetration in these regions, North America maintained the greatest revenue share of about in 2021. The proliferation of zoonotic infections has spurred need for technology to monitor sick animals, which is expected to boost the market in North America. According to the United Nations Food and Agriculture Organization (UNFAO), the United States is the world's top producer of poultry meat, accounting for 18.0 percent of global output in 2019.

The livestock monitoring market in the Middle East and Latin America is predicted to develop at a substantial CAGR over the forecast period. The market for more trustworthy and profitable livestock suppliers is increasing as the population of the region's affluent countries grows, propelling up sales of livestock monitoring technologies.

Some of the major companies of livestock monitoring market profiled in the report include the GEA Group Aktiengesellschaft, HerdX Inc., Afimilk Ltd., Insoft GmbH, DeLaval, Zee Tags Ltd., Sensaphone, ID Tech Solutions Private Limited, Dairymaster, Y-Tex Corporation, Lely, Cowmanager B.V., Fancom BV., Cainthus,FullwoodPackoTriangle Tire, Valley Agricultural Software Inc., and other players.To establish a position in the Livestock Monitoring Market, these companies adopted strategies such as new product development, mergers, acquisitions, and joint partnerships.

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The global livestock monitoring market is segmented into animal type, component type, by application, and by region. Based on animal type, the market is bifurcated into cattle, poultry, swine, equine and others. Based on component type, the market is divided into hardware, software, and services. The hardware division is further subdivided into sensors, GPS, and others whereas the software division is categorized upon systems based off on cloud and on premise.

Services include integration & deployment, maintenance & support, and others. Based on application, it is segmented into milk harvesting, breeding management, feeding management, animal health monitoring & comfort, heat stress management, behavior monitoring and others. The global livestock monitoring market is analyzed across North America (U.S. & Canada), Europe (Germany, United Kingdom, France, Italy, Spain), Asia Pacific (China, India, Japan), Latin America (Brazil, Mexico, and Argentina) and Middle East & Africa (South Africa, South Arabia).

Key Insights of Livestock Monitoring Market

This research gives an analytical portrayal of the worldwide market, as well as current trends and future projections, in order to identify potential investment opportunities.
The study includes data on major drivers, restraints, and opportunities, as well as a comprehensive analysis of the global livestock monitoring market share.
Due to increased demand for beef and dairy products, the cattle animal type sector had the highest revenue share in 2021, resulting huge anticipated growth in forecasting years.
Over the projected period, the software component segment is expected to increase at the quickest rate. This is due to the software's promotion of compatibility between various data management systems, which has resulted in increased value for clients.
The significant demand for feeding management to monitor the animal's food intake led to growth in revenue in the feeding management application sector.
North America dominated the market in 2021, owing to the existence of well-established enterprises and technologically advanced infrastructure. Due to the great potential and fast rising markets of India, Japan, and China in Asia Pacific, the region is expected to grow profitably over the projection period.


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