The global market for livestock monitoring is predicted to grow from USD 1.4 billion by 2021 to USD 2.3 billion in 2026. It is predicted to grow at an annual rate of 10.4 percent between 2021 and 2026.
Key elements driving this market’s expansion include the monitoring of livestock and disease detection, the increasing use of IoT and AI by dairy farmers, and significant cost savings associated with livestock monitoring and management. The growing number of cattle, the expansion of dairy farms and the adoption of technology to monitor livestock in the developing world creates an immense demand for monitoring livestock within the COVID-19.
Dairy farms have experienced an increase in their numbers over the past several years in the world. The growth in the number of dairy cattle is because of the growing demands for milk products around the world. Between 2010 and 2015, there was a huge demand for dairy items like cheese, butter, curd, whey and yogurt grew significantly throughout the globe. As the number of herds of dairy farms grows it becomes increasingly difficult to keep track of the herd on a manual basis.The growing dairy farms’ herd sizes increases the need for solutions to monitor livestock since they are utilized for monitoring and managing herds of cattle.
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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 travelling.
Key players in the global Livestock Monitoring market:
Sum-It Computer Systems
Valley Agriculture Software
On the basis of types, the Livestock Monitoring market:
On the basis of applications, the Livestock Monitoring market:
Milk Harvesting Management
Heat Stress Management
Behavior Monitoring & Control
Animal Comfort Management
- North America
- Rest of Europe (Greece, Spain, Italy, Russia, Finland, and Austria)
- Asia Pacific (APAC)
- Australia & New Zealand
- Rest of APAC (Malaysia, South Korea, Singapore, Hong Kong, Indonesia, and Taiwan)
- Rest of the World (RoW)
- Middle East
- Latin America
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