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Smart Pest Monitoring System Market at a CAGR of over 8.0% during 2022-2032| Bayer AG, Corteva, EFOS d.o.o
Smart Pest Monitoring System Market
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The Smart Pest Monitoring Market size was USD 0.8 Billion in 2022 and is anticipated to reach USD 1.7 Billion in 2032, growing at a rate of 8.0% from 2023 to 2032.
Key Trends
The key trends in Smart Pest Monitoring System technology are:
Increased focus on integrated pest management: Smart pest monitoring systems help in the early detection of pests and enable effective pest management. These systems are being increasingly adopted by pest management companies and end-users, as they help reduce the use of pesticides and other chemicals.
Growing demand for wireless systems: Wireless smart pest monitoring systems are gaining popularity, as they are easy to install and require minimal maintenance. These systems use wireless sensors to detect pests and transmit the data to a central unit.
Proliferation of IoT-enabled pest monitoring systems: The growing adoption of the Internet of Things (IoT) is fuelling the demand for IoT-enabled pest monitoring systems. These systems use IoT-enabled sensors to collect data on pest activity and send alerts to the concerned personnel.
Rising demand from the agriculture sector: The agriculture sector is one of the major end-users of smart pest monitoring systems. These systems help farmers to reduce crop losses due to pests and diseases.
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Key Drivers
The key drivers of the Smart Pest Monitoring System market are the need for effective pest management, the rising awareness of the benefits of smart pest monitoring, and the increasing availability of smart pest monitoring products and services.
Pest management is a critical issue for both commercial and residential properties. Pests can cause damage to buildings and spread diseases. They can also be a nuisance, and their presence can negatively impact the value of a property. Smart pest monitoring system can help to effectively manage pests by providing real-time data on their location and activity. This allows pest control professionals to quickly and efficiently target pests, and to prevent them from causing damage or spreading diseases.
The rising awareness of the benefits of smart pest monitoring is another key driver of the market. Smart pest monitoring can help to save time and money, and to improve the effectiveness of pest management. It can also help to protect the health and safety of people and animals, and to reduce the environmental impact of pest management.
The increasing availability of smart pest monitoring products and services is also driving the market. There are a growing number of companies that offer smart pest monitoring products and services. This is making it easier for property owners and managers to find a solution that meets their needs.
Market Segments
The smart pest monitoring system market report is bifurcated on the basis of component, application, and region. On the basis of component, it is segmented into hardware, software, and services. By application, it is categorized into commercial, residential, and agriculture. Region-wise, it is studied across North America, Europe, Asia-Pacific, and rest of the World.
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Key Player
The smart pest monitoring system market report includes players such as Ratdar, Anticimex, Bell Laboratories, Inc., Bayer AG, Corteva, EFOS d.o.o, SnapTrap B.V., Pelsis Group Ltd., VM Products, and Rentokil Initial Plc.
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