Internet of Things (IoT) in Livestock Management Market to witness market growth at a rate of 12.1% with USD 11.18 billion by 2029, size, share, Industry Trends

The internet of things (IoT) in livestock management market is expected to witness market growth at a rate of 12.1% in the forecast period of 2022 to 2029 and is expected to reach USD 11.18 billion by 2029. Data Bridge Market Research report on internet of things (IoT) in livestock management market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. The rise in the focus on real-time monitoring and early disease detection is escalating the growth of internet of things (IoT) in livestock management market.

Internet of things (IoT) is referred to the automated networks of devices, computers and sensors that can process their own data in its place of depending solely on input. These Internet-connected systems gather data of livestock and communicate with external processes through the onboard sensors, impacting businesses in just about every industry, including livestock management. The market comprises of hardware, software, and services that are involved in the IoT for livestock management.

Major factors that are expected to boost the growth of the internet of things (IoT) in livestock management market in the forecast period are the decrease in the price of sensors and sturdy support from the government for promoting the use of precision farming techniques. Furthermore, the growing adoption of IoT and AI for several agricultural applications is further anticipated to propel the growth of the internet of things (IoT) in livestock management market. Moreover, the increase in the number of industrial-scale indoor farms to meet the growing demand for food, and the dearth of arable land is further estimated to cushion the growth of the internet of things (IoT) in livestock management market. On the other hand, the growing upfront cost for the deployment of modern agricultural equipment is further projected to impede the growth of the internet of things (IoT) in livestock management market in the timeline period.

In addition, the rising adoption of UAVs or drones in agricultural farms will further provide potential opportunities for the growth of the internet of things (IoT) in livestock management market in the coming years. However, the inaccessibility of simple and standardized data management and data aggregation tools and the appearance and re-emergence of diseases and environmental concerns might further challenge the growth of the internet of things (IoT) in livestock management market in the near future.

Browse Detailed Analysis Report@https://www.databridgemarketresearch.com/reports/global-internet-of-things-iot-in-livestock-management

Segments of internet of things (IoT) in livestock management market :

The internet of things (IoT) in livestock management market is segmented on the basis of product and applications. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

On the basis of product, the internet of things (IoT) in livestock management market is segmented into hardware, software and service.
On the basis of applications, the internet of things (IoT) in livestock management market is segmented into health monitoring, feeding monitoring, breeding monitoring and others.

Some of the major players operating on the internet of things (IoT) in livestock management market are :

Cisco Systems, Inc., IBM, KaaIoT Technologies, LLC, Oracle, Trimble In., Afimilk Ltd., Allflex, BouMatic, CEMA aisbl, GEA Group Aktiengesellschaft, IceRobotics Ltd, Libelium Comunicaciones Distribuidas S.L., Link Labs, Medria, Nokia, SWIIM System, Ltd., SenseGrow Inc., Softweb Solutions Inc., Stellapps Technologies Pvt LTD, and Sum-It among others.

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