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Livestock Monitoring Market Report 2024: Growth, Trends, Analysis, Forecast 2033
Livestock Monitoring Market
As per the report, 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 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%.
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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.
Product Innovations Transforming The Livestock Monitoring Market
Major companies operating in the livestock monitoring market are developing innovative farm management systems to gain a competitive edge in the market. Farm management systems refer to integrated software solutions and technologies designed to streamline and optimize various agricultural processes and activities on a farm. For instance, in March 2021, GEA Group AG, a Germany-based technology company, launched a new herd and farm management system that leverages data collection and analysis to enhance efficiency, flexibility, and animal welfare for dairy farmers. DairyNet integrates crop management, cattle rearing, milking, and animal health and provides a web-based option with basic functionalities for greater transparency. The software's versatility and user-friendly interface were well-received, showcasing the growing demand for integrated solutions in the agriculture sector. DairyNet initially supports the GEA DairyRobot R9500, with integration planned for the DairyProQ automated rotary milking parlor and conventional milking systems in the future.
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
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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
Contents of the report:
1. Executive Summary
2. Livestock Monitoring Market Report Structure
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
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