Major factors responsible for fueling the demand for livestock monitoring systems are growth in size and number of dairy farms.


Posted August 9, 2019 by Sudeep

Segmented By Offering (hardware, Software, And Services), By Application (milk Harvesting Management, Breeding Management, Feeding Management, Heat Stress Management, Animal Comfort Management, Behaviour Monitoring And Control, And Others)
 
Market Overview:

These days, animals are produced intensively and maintained under optimal conditions for

growth and production within present technological limits. The majority of animals are

constrained within a building or stockyard for most of the times. As they are prevented from

foraging for their own food, the farmer/ owner of livestock has to take care of all aspects of

their husbandry. 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. Addition to that, these systems are employed to monitor

sick animals, tack rooms, and observe animals kept in the trailer in case of travelling. The

livestock monitoring system market size was around USD 174.69 million in 2018. It is estimated

to grow at a CAGR of 18.5% to reach USD 408.18 million by 2023.

Market drivers and restraints:

Key factors responsible for boosting the demand for livestock monitoring systems are increase

in size and number of dairy farms, development of sensors that can gather an increasingly wide

range of information, new product launches for livestock management, and need for

substantial cost savings related to livestock monitoring & management. The utilization of

systems for weighing and identifying animals is already pronounced globally, and it is estimated

that systems for tracking animals, monitoring basic health related factors such as body

temperature and heart rate for the assessing body conformation, will witness high acceptance

rate in the future.

To know more, click on the link below:

https://www.marketdataforecast.com/market-reports/livestock-monitoring-system-market

Report segmented as:

By component:

Hardware

Software

Services

By application:

milk harvesting management

reproduction management

feeding management

heat stress management

animal comfort management

behavior monitoring and control

other applications

Geographical analysis:

On the basis of geography, the global livestock monitoring systems market is segmented into

the regions North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW). The

North America market is segmented into regions namely, US, Canada and Mexico. It is the

second largest in terms of market share and CAGR.

Important market players:

The key players leading in the livestock monitoring system market are 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.

View a sample and decide @ https://www.marketdataforecast.com/market-reports/livestock-

monitoring-system-market/request-sample

The Scope of the report:

This report offers the current product and services market evaluation and the future estimation

of the market. It helps us understand the market better through size anticipation and CAGR

calculation to estimate the next market. It has a broader segmentation for better

understanding of the enterprising of the market at a low level by segregating the market into

smaller sectors.

About Us:

Market Data Forecast is a firm working in the areas of market research, business intelligence

and consulting. We have rich experience in research and consulting for various business

domains to cater to the needs of both individual and corporate clients.

For more information:

Abhishek Shukla

Sales Manager at Market Data Forecast

Email: [email protected]

Tel: +1-888-702-9626

Website: https://www.marketdataforecast.com/
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Issued By sudeep
Country India
Categories Agriculture , Consumer , Food
Last Updated August 9, 2019