Pune, India, April 04, 2019 -- /360iResearch/ -- The report "Global Livestock Monitoring Market - Premium Insight, Industry Trends, FPNV Positioning Matrix, Competitive News Feed Analysis, Company Usability Profiles, Market Sizing & Forecasts to 2024 (Q1 2019 Update)", published by 360iResearch, states that the global market was valued at USD 714.69 million in 2017 and is projected to reach USD 1,990.57 million by 2024, growing at a CAGR of 15.76% from 2017 to 2024.
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The major forces driving the growth of the livestock monitoring market include the increasing size of dairy and poultry farms and increasing focus of technological advancements and developments for livestock monitoring. Moreover, substantial cost savings associated with livestock monitoring management and strong footprint in north america and europe market are also some of the factors that are driving the market growth. However certain factors such as the lack of trained dairy professionals and technical know how may hinder the market growth. In the middle of difficulty lies opportunity such as the penetration in developing countries to offer significant opportunities for livestock monitoring, products, and intelligent livestock monitoring solution integration with iot. The possible challenges for the market growth is stringent regulations and high trade barriers. But key players in the market are overcoming the challenges with continual improvement and innovation.
Based on component, the global livestock monitoring market is studied across Hardware, Services, and Software. Based on function, the global livestock monitoring market is studied across Animal Comfort Management, Behavior Monitoring & Control, Breeding Management, Feeding Management, Heat Stress Management, and Milk Harvesting Management. Based on species, the global livestock monitoring market is studied across Cattle, Equine, Poultry, and Swine. Based on deployment, the global livestock monitoring market is studied across On-Cloud, and On-Premises. Based on geography, the global livestock monitoring market is studied across Americas, Europe, Middle East & Africa, and Asia-Pacific.
The report features a competitive scenario of the livestock monitoring market and provides inclusive analysis of key growth strategies adopted by major players. Key company profiled in the study are Accent Advanced Systems, SLU, Afimilk Ltd., Boumatic, LLC, Cambridge Animal Technologies Ltd, Dairymaster, GEA Group AG, Infovet, Lely Holding S.À.R.L, Monnit Corp., SCR Dairy, Inc., Sensaphone, Sum-It Computer Systems, Ltd., Telit, and Valley Agriculture Software.
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