Livestock Monitoring System Market size and growth: The global Livestock Monitoring System market size was around USD 582.29 million in 2018. It is expected to grow at a grow at a CAGR of 17.9% to reach USD 1326.5 million by 2023.
Livestock Monitoring System Market Overview:
Livestock monitoring systems monitor the entire livestock environment 24/7 and alert the user by phone, text or email if any condition falls outside of a preset parameter so that the user can respond quickly. Additionally, these systems are used to monitor sick animals, tack rooms, and observe animals kept in the trailer in case of traveling.
Progressive developments in sensor technology are making available, increasing amounts of information relevant to monitoring animals and their environment, and hence their production, growth, and health.
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Livestock Monitoring System Market Drivers and Restraints:
Major factors responsible for fuelling the demand for livestock monitoring system are — growth in size and number of dairy farms, development of sensors which can gather an increasingly wide range of information, new product launches for livestock management, and need for substantial cost savings associated with livestock monitoring & management.
Report segmented as:
By Offering:
• Hardware
o RFID Tags & Readers
o Sensors
 Temperature Sensor
 Accelerometer Sensor
 Motion Sensor
 Environmental Humidity Sensor
 Others
o Transmitters & Mounting Equipment
o Global Positioning System
o Others
• Software
o On-Cloud
o On-Premise
• Services
o Integration & Deployment
o Managed Service
o Maintenance & Support
By Species:
• Cattle
• Poultry
• Swine
• Equine
• Others
By Applications:
• Milk Harvesting Management
• Breeding Management
• Feeding Management
• Heat Stress Management
• Animal Comfort Management
• Behavior Monitoring and Control
• Others
• Geographical segmentation:
• Based on regions, the market is segmented into seven key regions:
• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific Excluding Japan
• Japan
• Middle East & Africa
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Key Market Players:
The major players operating in the livestock monitoring system market include DeLaval, Sensaphone. Rugged Networks Limited., GEA Group AG, Afimilk Ltd., Communications Group Lethbridge Ltd., BouMatic LLC., SCR Dairy, Inc., DairyMaster, Lely Holding S.À.R.L, SUM-IT Computer Systems, Ltd., and Valley Agriculture Software.
The Scope of the report:
The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along with this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed, and the prospects with colossal growth potential identified and debated.
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