The overall livestock monitoring market is expected to grow from USD 1. 5 billion in 2020 to USD 2. 5 billion by 2025, at a CAGR of 10. 9%. The growing focus on livestock monitoring and disease detection, increasing adoption of IoT and AI by dairy farmers, and substantial cost-saving associated with livestock monitoring management are driving the growth of this market.
New York, Feb. 26, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Livestock Monitoring Market by Offering, Livestock Type, Application, Farm Type, Geography - Global Forecast to 2025" - https://www.reportlinker.com/p04637234/?utm_source=GNW
However, high cost of precision livestock farming solutions and limited technical knowledge and skills of farmers restrain the market growth.
Feeding Management application to hold the largest share of livestock monitoring market by 2025.
The Livestock Monitoring market for the feeding management application is expected to grow at the highest CAGR from 2020 to 2025.The feeding management application is expected to continue to dominate the livestock monitoring market, in terms of size and growth rate, during the forecast period.
This high growth is predominantly driven by the increasing availability of innovative feeding technologies such as liquid feeding systems and dry feeding systems.
Europe to be the largest market for livestock monitoring by 2025.
Europe is expected to hold the largest share of the livestock monitoring market during the forecast period.Europe is expected to offer a huge platform for the potential growth of the livestock monitoring market.
The already existing infrastructure of modern telecommunication offers great potential for the growth of the livestock monitoring market in Europe.
Breakdown of Profiles of Primary Participants:
• By Company Type: Tier 1 - 45%, Tier 2 - 30%, and Tier 3 - 25%
• By Designation: C-level Executives - 30%, Directors - 25%, and Others - 45%
• By Region: North America - 45%, Europe - 30%, APAC - 20%, and RoW - 5%
Major Players Profiled:
• GEA Farm Technologies (Germany)
• DeLaval (Sweden)
• Afimilk Ltd. (Israel)
• BouMatic, LLC (US)
• Antelliq Corporation (France)
• Dairymaster Ltd. (Ireland)
• Lely International NV (Netherlands)
• Fancom BV (Netherlands)
• Fullwood Packo Ltd. (UK)
• Nedap NV (Netherlands)
This report offers detailed insights into the Livestock monitoring market by offering, which is further classified into hardware, software, and services.Based on the livestock type, the market is segmented into cattle, poultry, swine, equine, and others (sheep, goat, and deer).
By application, the Livestock monitoring market is segmented into milk harvesting management, breeding management, feeding management, heat stress management, animal comfort management, behavior monitoring & control, and others (calf management, genetic management, cattle sorting, weighing, data analysis, decision support, and financial management).By farm type, the Livestock monitoring market is classified into small, medium, and large.
The study also forecasts the size of the market based on four regions—North America, Europe, APAC, and RoW.
Reasons to Buy the Report
The report would help market leaders/new entrants in the following ways:
1. This report segments the Livestock monitoring market comprehensively and provides the closest approximations of the overall and segment-based market sizes across different offerings, farm types, livestock types, applications, and regions.
2. The report would help stakeholders understand the pulse of the market and provide them with information on key drivers, restraints, challenges, and opportunities influencing the market growth.
3. This report would help stakeholders understand their competitors better and gain more insights to enhance their market position. The Competitive Landscape section includes the competitive analysis of top players, as well as strategies such as product launches and developments, acquisitions, collaborations, agreements, partnerships, and expansions adopted by major market players.
Read the full report: https://www.reportlinker.com/p04637234/?utm_source=GNW
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