Livestock Monitoring Market Expected to Garner Revenue of US$ 2.6Bn at a CAGR of 10.6% from 2021-2027 | Delaval, Afimilk Ltd, Nedap NV

Report Ocean publishes a new report on the global Livestock Monitoring Market. The global Livestock Monitoring Market calculation is based on a combination of information from first-hand sources, qualitative and quantitative assessments from industry analysts, input from experts and participants across the value chain.

Global Livestock Monitoring Market to reach USD 2.6 billion by 2027. Global Livestock Monitoring Market is valued approximately at USD 1.28 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 10.6% over the forecast period 2021-2027.

Livestock monitoring uses IoT-enabled devices for tracking and monitoring the health of livestock, most commonly cattle. The global Livestock Monitoring market is being driven by a growing focus on livestock monitoring and disease and increasing adoption of advanced technologies such as IoT and AI by dairy farmers' detection.

Furthermore, the rise in the number of dairy farms and cattle population and increasing adoption of livestock monitoring technology in developing countries will provide new opportunities for the global Livestock Monitoring industry. For instance, National Sample Survey Office's (NSSO), survey in the year 2018, showed that over more than 23% of the total agricultural households along with farmers having less than 0.01-hectare land as reported livestock as the principal source of their income. 

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Report includes an in-depth analysis of macroeconomic indicators, market trends, and governing factors, as well as market attractiveness by segment. A qualitative impact map of different market factors appears in the report. A study of the impact of COVID-19 (Corona Virus) on the product industry chain is analyzed based on upstream and downstream markets, on various regions and countries, and the future development of the industry is forecast.

Report on the Global Livestock Monitoring Market aim to enable readers to understand the market and competitive landscape in a way that supports better decision-making. This report includes an overview of participants' financial results, including revenue results, sales volume, gross margin, capital investment, and the global Livestock Monitoring Market growth rate.

The researchers collect market demand and size information and validate it with market experts. This study also explores the geographical distribution of the Livestock Monitoring Market. The market studies provide information about the industry to top manufacturers, distributors, traders, and dealers. It will offer an overview of the product, the market, the market driving force, the risk & opportunities, and the research findings.

Impact Analysis of COVID-19

• The report examines in detail the impact of Covid-19 on the Livestock Monitoring Market

• The Covid-19 outbreak has caused thousands of illnesses worldwide, and the World Health Organization has declared it a global health emergency. Coronavirus disease, which already affects these groups, will have an impact on Livestock Monitoring Market segments.

• The economic damage is already evident and represents the world's worst economic shock in decades as the health and human toll rise.

• Several undesirable outcomes can occur in chaotic situations, including restaurant closing, flight canceling, travel restrictions in place, indoor event venues losing permits, customer confidence eroding, stock markets fluctuating, and citizens becoming anxious.

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The study covers the fundamental aspects of the Global Livestock Monitoring Market, including its future prospects and competitive landscape, in great detail. A Porter's Five Forces analysis of the Livestock Monitoring Market provides insights into the factors influencing its growth. Accordingly, this market study breaks down the Livestock Monitoring Market into segments, regions, and players to present a clear picture of the current market environment. Research also covers macroeconomics and microeconomics. In the report, several graphs, charts, and tables appear effectively.

Regional Overview

The Livestock Monitoring Market study gives a comprehensive look at country-level segments classified as potentially high-growth areas, countries with the highest market share, and countries with the most potential growth. The Livestock Monitoring Market study includes regional break-ups like North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), Other countries.

Leading Competitors

The leading prominent competitors in the global Livestock Monitoring Market are:

GEA group aktiengesellschaft
Delaval
Afimilk Ltd
Nedap NV
Boumatic, LLC.
Merck & co., Inc. (Merck animal health)
Dairymaster Ltd
Lely International NV
Fancom BV (subsidiary of ctb international corp.)
Fullwood Packo Ltd

Scope of the Report

The global Livestock Monitoring Market segmentation focuses on:

By Offering :
Hardware
Software
Services

By Farm Size:
Small farms
Med sized farms

By Application:
Milk harvesting management
Breeding management
Feeding management
Heat stress management
Behaviour monitoring & control
Others

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