The Global Livestock Monitoring Market to Surpass $5.67 Billion by 2027

The Business Research Company’s Livestock Monitoring Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-2032

LONDON, GREATER LONDON, UK, November 17, 2023 /EINPresswire.com/ — The livestock monitoring market, valued at $2.74 billion in 2022, is expected to reach $3.15 billion in 2023, with a compound annual growth rate (CAGR) of 14.9%. The market is projected to further expand, reaching $5.67 billion by 2027, fueled by the increasing emphasis on early disease detection and real-time monitoring in livestock.

Livestock Monitoring Key Market Drivers
As the global livestock industry faces challenges such as disease outbreaks and the need for improved animal welfare, the demand for efficient monitoring solutions has surged. Real-time monitoring and early disease detection have become critical for ensuring the well-being of livestock. With the integration of sensor technologies, farmers can now detect any health issues promptly, enabling timely intervention and preventive measures. This trend has led to a significant boost in the adoption of advanced monitoring solutions across various segments of the livestock industry.

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Exploring the Livestock Monitoring Landscape
The livestock monitoring market is segmented based on livestock type, offering, and application. Key segments include cattle, poultry, swine, and other livestock, with offerings including hardware, software, and services catering to various aspects of livestock management. Notably, market players like DeLaval Inc., Afimilk Ltd., and GEA Group Aktiengesellschaft are at the forefront, continuously contributing to the market through the development of innovative solutions such as herd management systems. These systems enable farmers to monitor and manage livestock effectively, thereby enhancing overall productivity and animal well-being.

Livestock Monitoring Market Segments:
• By Livestock Type: Cattle, Poultry, Swine, Equine, Other Livestock
• By Offering: Hardware, Software, Services
• By Application: Milk Harvesting Management, Heat Detection Monitoring, Feeding Management, Heat Stress Management, Health Monitoring Management, Sorting And Weighing Management

Geographical Insights: North America Leads, Potential Growth in Asia-Pacific
With North America currently leading the livestock monitoring market, Asia-Pacific is anticipated to exhibit substantial growth potential during the forecast period.

To gain deeper insights into regional dynamics and market trends, refer to the complete report on the livestock monitoring market:
https://www.thebusinessresearchcompany.com/report/livestock-monitoring-global-market-report

Livestock Monitoring Global Market Report 2023 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.
The Livestock Monitoring Global Market Report 2023 by The Business Research Company is the most comprehensive report that provides insights on livestock monitoring market size, livestock monitoring market drivers and trends, livestock monitoring market major players, competitors’ revenues, livestock monitoring market positioning, and market growth across geographies. The livestock monitoring market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

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