Livestock Monitoring Market Key Trends, Size, Outlook, Overview 2024-2033: Strategic Perspectives

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company offers in-depth market insights through Livestock Monitoring Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The livestock monitoring market size has grown rapidly in recent years. It will grow from $3.09 billion in 2023 to $3.56 billion in 2024 at a compound annual growth rate (CAGR) of 15.2%. The growth in the historic period can be attributed to precision livestock farming adoption, disease prevention and management, productivity and efficiency improvement, government initiatives for livestock welfare, consumer demand for quality.

The livestock monitoring market size is expected to see rapid growth in the next few years. It will grow to $6.23 billion in 2028 at a compound annual growth rate (CAGR) of 15.0%. The growth in the forecast period can be attributed to environmental sustainability, smart farming initiatives, animal identification and traceability, customization for livestock species, integration with farm management systems. Major trends in the forecast period include integration of Internet of things (IoT), GPS tracking for grazing management, automated health monitoring systems, data analytics for predictive insights, non-invasive monitoring technologies.

Get Free Sample Of This Report-
https://www.thebusinessresearchcompany.com/sample.aspx?id=6874&type=smp

Market Segmentation:
The livestock monitoring market covered in this report is segmented -
1) By Livestock Type: Cattle, Poultry, Swine, Equine, Other Livestocks
2) By Offering: Hardware, Software, Services
3) By Application: Milk Harvesting Management, Heat Detection Monitoring, Feeding Management, Heat Stress Management, Health Monitoring Management, Sorting And Weighing Management

Major Driver - Rising Emphasis On Early Disease Detection Fuels Growth In Livestock Monitoring Market
The increasing focus on early disease detection and real-time monitoring in livestock is expected to significantly drive the growth of the livestock monitoring market. The focus on real-time monitoring and early disease detection is crucial for providing proper care for the animals and helping maintain their good health. With sensor technologies that aid in real-time tracking and monitoring, any issues in livestock can be identified so that they can be rectified as early as possible. For instance, in May 2022, Eurostat, a Luxembourg-based European commission, The number of livestock in the EU is significant; in December 2021, there were 142 million pigs, 76 million cattle, 60 million sheep, and 11 million goats. Hence, the increasing focus on real-time monitoring and early detection of diseases will propel the growth of the livestock monitoring market.

Competitive Landscape:
Major companies operating in the livestock monitoring market report are Cargill Incorporated, ENGS Systems Inc., Zoetis Inc., Intervet Inc., GEA Farm Technologies GmbH, Afimilk Ltd., HID Global Corporation, VDL AgroTech B.V., Antelliq Corporation, Lely Holding B.V., Nedap N.V., Boumatic LLC, Dairymaster USA Inc., CowManager B.V., Sensaphone Inc., BovControl B.V., Allflex Livestock Intelligence Ltd., Cainthus Ltd., DeLaval Inc., Fancom B.V., Fullwood Packo Ltd., HerdInsights (Subsidiary of Datamars AG), Livestock Monitoring Systems Pty Ltd., Pure Cultures BV, Quantified AG, Rex Animal Health Inc., SmartShepherd Ltd., Communications Group Lethbridge Ltd., Connecterra, Hokofarm-Group BV

Get Access To The Full Market Report -
https://www.thebusinessresearchcompany.com/report/livestock-monitoring-global-market-report

Top Trend - Strategic Partnerships Reshaping The Livestock Monitoring Market
Major companies in the livestock monitoring market are leveraging strategic partnerships to offer comprehensive and innovative solutions for efficient livestock management. Strategic partnership refers to a collaborative alliance between two or more entities aimed at achieving mutual growth, leveraging combined strengths, and sharing resources for strategic objectives. For instance, in January 2023, Astrocast, a Switzerland-based satellite communications company, partnered with Digitanimal, a Spain-based livestock farming solutions company, to develop a Satellite IoT (SatIoT) solution aimed at enhancing livestock management. By integrating Astrocast's global satellite network with Digitanimal's smart livestock tracking solutions, the collaboration aims to provide farmers, especially in remote areas with limited terrestrial network connectivity, the ability to remotely track their herds using a cost-effective and low-power SatIoT-based collar. This innovative tracking technology enables farmers to accurately monitor the location and movement patterns of their livestock, fostering Agriculture 4.0 practices and overcoming challenges posed by the digital divide in rural and farming regions worldwide.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Livestock Monitoring Market Characteristics
3. Livestock Monitoring Market Trends And Strategies
4. Livestock Monitoring Market - Macro Economic Scenario
5. Livestock Monitoring Market Size And Growth
…..
27. Livestock Monitoring Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

"Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model "

"About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries."

This release was published on openPR.