The livestock monitoring system is a smart
farming method which includes monitoring of all kind of diseases associated to
animals, meat, milk consumption and medical cost related to the animals. The
monitoring techniques are widely used for monitoring all transactions
associated to animals and products that includes milk or the milk products.
Monitoring methods are also used for acknowledging the issues that are
significant in preventing the loss allied to livestock.
The benefits associated include reduction in
the costs of cattle location, real time positioning, information related to
animals, monitoring of animal movement, alert based system to track animal
movements (when an animal is out of range), correlate animal movements with
specific behaviors (state of oestrus & health) and or the loss of delay in
adopting the Internet of Things (IOT).
According to study, “Global
Livestock Monitoring Market Size study, by Offering (Hardware, Software,
Services), by Species (Poultry, Cattle, Equine, Swine, Others) by Applications
(Feeding Management, Milk Harvesting Management, Heat Stress Management,
Breeding Management, Behavior Monitoring & Control, Animal Comfort
Management, Other Applications) and Regional Forecasts 2018-2025” the
key companies associated to the global livestock monitoring market are Afimilk
Ltd., Delaval, Boumatic LLC, Infovet, Dairymaster, Allflex USA Inc., Fullwood
Ltd., FBS Systems Inc., Sum-IT Computer Systems, Ltd, Sum-It Computer Systems
Ltd., GAO RFID Inc., Quantified Ag, GEA Group, Sol Chip Ltd., Communications
Group Lethbridge Ltd., Lely Holding S.A.R.L, Valley Agriculture Software, Nedap
N.V., SCR Dairy Inc., Lely S.a.r.l, Gallagher Group Ltd., Moonsyst,
Cattlewatch, Ro-Main Inc, Smaxtec.
Based on product type, global livestock
monitoring market is segmented into standalone software, hardware & systems
and services. Standalone software is defined on-premise delivery model and
on-cloud delivery model. Hardware systems include RFID tags & readers,
transmitters & mounting sensor, sensors (motion sensors, temperature
sensor, environmental humidity sensor, and accelerometer sensor) and Global
Positioning System (GPS). In addition, to the services monitoring market
includes maintenance, support, managed services with the integration & deployment.
Based on animal type market is segmented to swine, poultry, equine, cattle,
sheep & goat and others. Based on the applications market is segmented into
heat stress management, behavior monitoring & control, feeding management,
breeding management, animal comfort management, milk harvesting management and
the other applications.
The global livestock monitoring system market
is driven by the rise in focus of new product development & innovation.
Moreover, the key driving factors associated with market growth includes
cost-effective livestock monitoring solutions, growing IOT technology
penetration in livestock farming, increase in dairy farm size and government’s
prirotizing the investments in livestock management. Apart from the key driving
factors market is also affected by some of the major restraints which includes
lack of skilled professionals in the emerging economies, the capital investment
and environmental issues to result from the livestock farming. Additionally,
some of the other major opportunities associated with the market include rapid
development of cattle for the health monitoring solutions. The livestock
monitoring system adding to the significant market growth opportunities in the
emerging countries apart from the livestock management services related to
exhibit the healthy market prospects.
It is estimated that the global livestock
market to reach at US $1,587.5 billion, by 2025. It is estimated that market to
grow due to a significant increase of dairy farms, new product launches and
rise in the technological advancements with the substantial cost savings
related to livestock monitoring management.
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