What is Livestock Monitoring Solution?
Livestock Monitoring Solution are comprehensive solutions which enable farmers to monitor, manage, track, and trace the animals or livestock’s health, activity patterns, feed consumption, and other output from the livestock on daily basis. The production data on the livestock can further be processed to draw further insights of livestock management, and thus aid them in making business decisions on the produce. Modern advanced livestock monitoring solutions include integration of cameras, sensors, and other IoT applications along with sophisticated softwares. Though due to high costs of the agri-tech and the less knowledge on the operations of the tech has limited the market scope for the near future. Although with growing adoption of tech solutions, especially due to recent pandemic has led to several farmers from both medium-small sized farms and large sized farms to opt for digital livestock monitoring solutions. Currently, North America and Europe account for the largest market share.
The market study is broken down, by Application (Milk Harvesting, Feeding, Breeding, Behaviour Monitoring and Control and Others) and major geographies with country level break-up.
Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
GEA Farm Technologies (Germany), Dairymaster Ltd. (Ireland), DeLaval (Sweden), BouMatic, LLC (United States), Afimilk Ltd. (Israel), Fancom BV (Netherlands), Nedap NV (Netherlands), Lely International NV (Netherlands), Merck Animal Health (United States) and Fullwood Packo Ltd. (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Sensaphone (United States), Psiborg Technologies (India) and Telit (United Kingdom).
AdvanceMarketAnalytics has segmented the market of Global Livestock Monitoring Solution market by Type, Application and Region.
On the basis of geography, the market of Livestock Monitoring Solution has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Switzerland, Italy, United Kingdom, Netherlands, Spain, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Farm Size, the sub-segment i.e. Small and Med-Sized will boost the Livestock Monitoring Solution market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Hardware will boost the Livestock Monitoring Solution market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Livestock Type, the sub-segment i.e. Cattle will boost the Livestock Monitoring Solution market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In 2021, Merck Animal Health, popularly known as MSD Animal Health which is a subsidiary of Merck & Co. has announced completion of acquisition of Poultry Sense Ltd., which is British company and known as an innovator in health and environmental monitoring solutions for the poultry industry. The poultry sense ltd. continuously track’s and analyze’s overall health performance for the life of the flock. This can help in detection and thus prevention of any disease within the flocks before any major outbreak. The acquisition will help Merck expand its product portfolio, with animal health related technology.
In 2020, BASF SE, a German multinational chemical, agricultural as well as related industrial domain services provider has announced acquisition of Cloudfarms, which is a next generational farming solutions for livestock producers. The Cloudfarms software company, provides livestock farm management solutions, precision farming, monitoring and traceability. This solutions could enable livestock farmers to manage, track, process and analyze the production data for daily operations in real time scenario. This acquisition is in line with BASF’s commitment towards sustainable food system, as well as integration of digital solutions ecosystems for global livestock sector.
- Livestock Monitoring and Disease Detection is Rising in Popularity, with Growing Emphasis on Disease Prevention in Livestock
- Growing Adoption of Digital Solutions in Agriculture
- Increasing Investments from Private Sector
- Asia Pacific Region Presents Huge Market Potential for Future Growth Prospectus
- High Cost of Technology Associated with Livestock Monitoring
- Less Skilled Farmers in Developing Country to Operate or Understand the Benefits of Modern Technology
Key Target AudienceLivestock Monitoring Solution Manufacturers, Suppliers and Distributors, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Analysts and Strategic Business Planners, Research Organizations and End-Use Industries
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
Frequently Asked Questions (FAQ):
1. What all players are profiled in the study?
The standard version of the report profiles players such as GEA Farm Technologies (Germany), Dairymaster Ltd. (Ireland), DeLaval (Sweden), BouMatic, LLC (United States), Afimilk Ltd. (Israel), Fancom BV (Netherlands), Nedap NV (Netherlands), Lely International NV (Netherlands), Merck Animal Health (United States) and Fullwood Packo Ltd. (United Kingdom) etc.
2. Can we have customized study for Livestock Monitoring Solution Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. What would be the Market Size of Livestock Monitoring Solution Market by 2026?
Analysts at AMA estimates Livestock Monitoring Solution Market to reach USD Million by 2026.