The latest report published by Report Ocean, titled ‘ Livestock Monitoring Market ’ Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023 to 2031,” offers a comprehensive assessment of the industry, including valuable insights into market trends. The report encompasses competitor and regional analysis, as well as the latest developments in the market. It serves as an excellent resource for investors, researchers, consultants, marketing strategists, and anyone planning to enter the market in any capacity.
What is Livestock Monitoring Market growth?
Livestock monitoring, also known as livestock management or precision livestock farming, uses IoT-enabled devices to track and monitor the health of livestock, most commonly cattle. Projected to expand at a CAGR of 12.4% from 2022 to 2028, the global livestock monitoring market will worth USD 7,382 million by 2028-end, according to Report ocean.
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The report provides in-depth analysis and insights regarding the current global market scenario, latest trends and drivers into global livestock monitoring market. It offers an exclusive insight into various details such as market size, key trends, competitive landscape, growth rate and market segments. This study also provides an analysis of the impact of the COVID-19 crisis on the livestock monitoring industry.
This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the components, animal type, application, and region. The global market for livestock monitoring can be segmented by components: hardware, software, services. Livestock monitoring market is further segmented by animal type: cattle, poultry, swine, sheep & goat, others. Based on application, the livestock monitoring market is segmented into: milk harvesting, animal health monitoring & comfort, behavior monitoring, feeding management, heat stress & fertility monitoring, others. In 2021, the milk harvesting segment made up the largest share of revenue generated by the livestock monitoring market. On the basis of region, the livestock monitoring market also can be divided into: North America, Asia Pacific, Europe, Rest of the World (ROW).
By components:
hardware
software
services
By animal type:
cattle
poultry
swine
sheep & goat
others
By application:
milk harvesting
animal health monitoring & comfort
behavior monitoring
feeding management
heat stress & fertility monitoring
others
By region:
North America
Asia Pacific
Europe
Rest of the World (ROW)
The report also provides a detailed analysis of several leading livestock monitoring market vendors that include Afimilk Ltd., Dairymaster (UK) Limited, DeLaval Holding AB, Fancom BV, Fullwood Ltd., GEA Group AG, Lely International N.V., Madison One Holdings LLC (Boumatic), Merck & Co., Inc., Nedap N.V., Phonetics, Inc., Sum-It Computer Systems Ltd., Tetra Laval International SA, Valley Agricultural Software (VAS), among others.
Historical & Forecast Period
This research report provides analysis for each segment from 2018 to 2028 considering 2021 to be the base year.
Scope of the Report
To analyze and forecast the market size of the global livestock monitoring market.
To classify and forecast the global livestock monitoring market based on components, animal type, application, region.
To identify drivers and challenges for the global livestock monitoring market.
To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global livestock monitoring market.
To identify and analyze the profile of leading players operating in the global livestock monitoring market.
Why Choose This Report
Gain a reliable outlook of the global livestock monitoring market forecasts from 2022 to 2028 across scenarios.
Identify growth segments for investment.
Stay ahead of competitors through company profiles and market data.
The market estimate for ease of analysis across scenarios in Excel format.
Strategy consulting and research support for three months.
Print authentication provided for the single-user license.
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Some of the metrics this research service discusses are:
Market Size:
- This metric quantifies the total value or volume of a market, providing an understanding of the market’s scale and potential.
Market Growth Rate:
- This metric measures the rate at which the market is growing over a specific period.
- It helps assess the market’s attractiveness and potential for investment.
Market Share:
- Market share metrics indicate the portion or percentage of the market captured by a specific company or product.
- It provides insights into the competitive position of market players.
Customer Satisfaction:
- Customer satisfaction metrics assess the level of satisfaction or dissatisfaction among customers with a product, service, or brand.
- It helps gauge customer loyalty and identify areas for improvement.
Pricing Analysis:
- Pricing metrics analyze the pricing strategies used in the market.
- This includes metrics such as average prices, price differentials between products or competitors, and price elasticity.
Market Segmentation:
- Segmentation metrics involve dividing the market into distinct segments based on factors such as demographics, geography, behavior, or psychographics.
- This helps understand the varying needs and preferences of different customer groups.
Customer Acquisition Cost (CAC):
- CAC is a metric that calculates the cost of acquiring a new customer. It helps evaluate the efficiency of marketing and sales efforts.
Customer Lifetime Value (CLV):
- CLV measures the total value a customer generates over their entire relationship with a company. It helps assess the long-term profitability of customer relationships.
Return on Investment (ROI):
- ROI metrics evaluate the profitability and effectiveness of an investment or marketing campaign.
- It measures the return or gain generated relative to the cost of investment.
Competitive Analysis:
- Competitive analysis metrics assess the performance and strategies of competitors in the market.
- This includes metrics such as market share, revenue growth, product portfolio, and customer satisfaction.
Key Performance Indicators (KPIs):
- KPIs are specific metrics that measure the performance of a business or organization.
- They can include metrics such as sales growth, market penetration, customer retention rate, and profitability.
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