Livestock/Production Animal Digital Technology Market Key Players Analysis - Advanced Animal Diagnostics, Inc., SwineTech, Inc., Quantified Ag, VetNOW.

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Livestock/Production Animal Digital Technology Market Size, Share & Trends Analysis Report By Product (Monitoring Devices, Identification Devices, Trackers, Wearables, Remote Sensors, Digital Cameras, Microphones, Environmental Sensors), Animal Type (Cattle, Pigs/Swine, Poultry, Sheep and Goats, Others (Aquaculture, etc.) Application (Health Monitoring, Performance and Production Monitoring, Nutrition and Feeding, Behavioral Analysis), Component (Hardware, Software, Services)- Market Outlook And Industry Analysis 2031"

The Global Livestock/Production Animal Digital Technology Market is valued at US$ 4,876.6 Mn in 2023, and it is expected to reach US$ 25,696.4 Mn by 2031, with a CAGR of 23.8% during the forecast period of 2024-2031.

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The Livestock/Production Animal Digital Technology market is experiencing increased adoption of advanced technologies in modern farming, and increased growth is witnessed. Market tools include remote sensors, IoT devices, and AI applications, among others, which wearables and analytics platforms help farmers monitor and manage the health and productivity of livestock; these technologies also include real-time collection of animal behavior, health, and environmental information, leading to informed decision-making and efficient farm operations. The key applications include monitoring and feeding optimization, identification, and behavioral analysis for better improvements in livestock management.

Livestock/Production Animal Digital Technology plays a significant role in boosting productivity, ensuring animal welfare, and sustainability. Any monitoring device as well as identification enables timely health interventions and accurate tracking; the data analytics platform provides actionable insights for optimization of resource use. It saves labor costs, improves operational efficiency, and is in line with global sustainability through waste and environmental impact minimization. With global food demand hitting its peak, these technologies are going to greatly aid in sustaining farm productivity and effectual agriculture-very crucial in these sensitive times.

List of Prominent Players in the Livestock/Production Animal Digital Technology Market:
• Datamars
• Afimilk Ltd.
• Avid Identification Systems, Inc.
• BouMatic
• Cowmanager
• Crodeon Technologies BV
• Dairymaster
• DeLaval
• Digital Matter
• dol-sensors A/S
• ENGS Systems
• Fancom BV
• Fullwood JOZ
• GEA Group Aktiengesellschaft
• HID Global Corporation
• Intuz
• Leader Products.
• Lely
• Merck & Co., Inc.
• Moocall
• Nedap Livestock Management
• Nofence
• psiborg
• Smartbow GmbH (Zoetis Services LLC)
• BovControl Inc.
• connecterra
• Cowlar
• Dalton Tags
• Gallagher Group Limited
• GAO Group
• HerdInsights
• Hokofarm Group
• Impinj, Inc.
• Ketchum Manufacturing Inc.
• National Band & Tag Co.
• Omnia Technologies Pvt. Ltd.
• SafeTag
• Semtech
• Sensaphone
• SwineTech, Inc

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Market Dynamics:
Drivers-
Key factors that would accelerate the growth of the Livestock/Production Animal Digital Technology market are expected to be growth in demand for animal protein, technological progress, concern for sustainability, and welfare. As the world population grows, so does the need for efficient management of livestock; the avenue through which farmers can advance the production levels for meat, dairy, and other products is digital technologies. The velocity of advancement in IoT and AI makes possible real-time collection and analysis of data, allowing a more precise method to be attributed to farming practices. These technologies also enhance sustainability through optimization of resource usage and less waste, while continuous health monitoring enhances animal welfare through early detection of health issues that provides for interventions in good time and consequently healthier livestock.

Challenges:
The Livestock/Production Animal Digital Technology market faces challenges like data security concerns limited access to internet in rural areas, and up-front investment in expensive systems are some of the challenges of this market. Data breach is one issue which keeps the farmers up at night, while connectivity is very poor. Money is one essential factor - expensive upfront investment and on-going maintenance. Small farm size finds it really challenging to adopt all these technologies.

Regional Trends:
High penetration of advanced technologies such as IoT, AI, and data analytics to support real-time monitoring and farm management improvements drives leadership in Livestock/Production Animal Digital Technology in North America. Large livestock farms in the region form the target markets for these solutions, whereas strict regulations regarding animal health and welfare help push adoption even further. Companies like Afimilk and Merck Animal Health are launching new AI and IoT-based solutions to enhance the efficiency and care given to animals. High technological penetration plus intensive focus on enhancing the efficiency of farming also means that digital solutions are an absolute necessity for livestock farming in North America.

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Recent Developments:
• In Nov 2022, PIC (Pig Improvement Company) strategically invested in SwineTech, a farm management solutions firm, to foster collaboration in developing innovative products and strategies that enhance the predictability and efficiency of swine production.
• In March 2024, Boehringer Ingelheim acquired Saiba Animal Health AG, enhancing its animal health R&D pipeline in the growing pet therapeutics sector. This acquisition addresses the rising demand for effective treatments for chronic diseases in pets as their life expectancy increases.

Segmentation of Livestock/Production Animal Digital Technology Market-
By Product Type:
• Identification Devices
• Monitoring Devices
• Wearables & Tracker
• Remote Sensors
• Others (Digital Cameras, Microphones, etc.)
By Animal Type:
• Cattle
• Pigs/Swine
• Poultry
• Sheep and Goats
• Others (Aquaculture, etc.)
By Application:
• Health Monitoring
• Performance and Production Monitoring
• Nutrition and Feeding
• Behavioral Analysis
By Component:
• Hardware
• Software
• Services
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

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This release was published on openPR.