Increasing adoption of Internet of Things (IOT) and Artificial Intelligence (AI) in livestock monitoring and growing focus on animal disease detection among farmers are driving the growth of livestock monitoring market. Moreover growing population of cattle due to rising dairy farms and growing adoption of livestock monitoring technology in developing countries fuels the growth of the market across the globe.

Market Trends, Drivers, Restraints and Opportunities
• Increasing number of cattle with the growing adoption of livestock monitoring technology is boosting market growth.
• Rising demand for livestock monitoring systems among farmers due to increasing product advertisement by key players is driving the market.
• Substantial cost-saving associated with livestock monitoring management is encouraging farmers to use these systems, which in turns, is boosting the market globally.
• Use of conventional farming by farmers in rural areas due to the lack of technological advancement is restraining the growth of the market.

Scope of the Report
The report on the global livestock monitoring market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

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Livestock Monitoring Market Segment Insights:
Hardware segment to hold significant market share
Based on farm size, the market is trifurcated into small, medium, and large. Rising usage of hardware devices in rural and urban farms boosts the market. Use of modern livestock monitoring hardware such as radio-frequency identification (RFID), smart cameras, sensors, and Global Positioning Systems (GPS) technology is fueling sales worldwide. The data collected through these significantly helping farmers to track the wellbeing of the animals increases the demand for livestock monitoring products among them. Technological advancements in services and software used in livestock monitoring management systems are propelling segment growth.

Growing implementation of monitoring solutions fuels milk harvesting segment
On the basis of applications, the global livestock monitoring market is segmented into milk harvesting management, feeding, management, behavior monitoring & control, heat stress management, animal comfort management, breeding management, and others. The milk harvesting management segment holds a significant share in the global market due to high adoption of livestock monitoring in animal feeding management applications. Moreover, increasing automation in dairy farms is creating intense demand of livestock monitoring among farmers.

Cattle livestock monitoring system is expected to create lucrative opportunities
In terms of animal types, the market is divided into cattle, poultry, swine, and equine. The cattle livestock monitoring systems is expected to create lucrative opportunities in developing countries such as Mexico, India, and China owing to associated benefits with its usage such as, accurate oestrous detection, and real time alerts on acute health monitoring of cattle. Increase in the demand for beef and dairy products is boosting the growth of this segment. Moreover, beef and dairy products are under constant inspection by various public and private organizations to ensure the safety quality of these products and the prevention of disease transmission boosts segment growth.

Urban farms segment to growth during the forecast period
Based on farm types, the market is bifurcated into urban farms and rural farms.
Surge in the demand for fresh food among urban population, food security, and reduction in food logistics costs between villages and cities are continuously raising number of urban farms across the world. Technological advancements associated with urban areas significantly increases the adoption of livestock monitoring in urban farms, which in turn, fuels growth of urban farms segment.

Livestock monitoring market in Asia Pacific is expected to grow during the forecast period
In terms of regions, the global livestock monitoring market is split into Europe, North America, Asia Pacific, Middle East & Africa, and Latin America. Population expansion in Asia Pacific in developing countries such as India, China, and Thailand is fueling the demand for livestock products, thus boosting the market in the region. Moreover, rising applications of IoT and technological advancements due to use of AI in the animal monitoring are expected to create opportunities in the market in the region. Increasing penetration of key players from North America in Asia Pacific is driving the market in Asia Pacific.

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