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Livestock Monitoring System Market is driven by rise in demand of sensor technology

(Entertainment-NewsWire.com, August 23, 2018 ) Live Stock Monitoring System monitors the entire Livestock environment and alert the user by call or a text message if any conditions bounds out of the parameter. So that user can quickly respond based on the circumstances. In addition to that these systems help in monitor sick animals, observe animals kept in trailer in case of travelling. Monitoring and managing of animals related to feeding, reproduction, and health becomes trouble to farmer in managing all at a time.

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In the year 2018, Global Livestock Monitoring was valued at USD 582.29 Million. By the year 2023, it is expected to reach USD 1326.5 Million with astonishing pace of 17.9% CAGR.

Drivers and Restraints:

The major driving factors of Livestock Monitoring System market are rise in applications and industrializations. High growth in dairy farm, development of sensors which helps in gathering wide range of information. Increasing concerns over global food security and sustainability has facilitated huge investments. Government investments in monitoring devices. High costs involved in producing of live stocks, high labor cost, raw material cost are the primary restraint of the market. Lack of trained professional is other factor restricting the markets growth.

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Geographic Segmentation

Based on geography the Market is primarily segmented into Europe, North America, Latin America, Middle East & Africa and North America. European market is likely to command the largest market share. The market in APAC is estimated to grow at a highest rate during the aforementioned forecast period. The European livestock monitoring market is fuelled by various factors such as early adoption of livestock monitoring technologies and technological advancements in this region.

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Major companies in the industries of Livestock Monitoring System Market are Afimilk Ltd. (Israel), BouMatic LLC (U.S.), SCR Dairy, Inc. (Israel) DeLaval (Sweden), GEA Group AG (Germany), and livestock monitoring software and service providers such as DairyMaster (Ireland), SUM-IT Computer Systems, Ltd. (U.K.), and Valley Agriculture Software (U.S.).

Scope of the report:

The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.

The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.

What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.

Contact Info:                                                                                             
Name: Mr. Abhishek Shukla
Email: abhishek@marketdataforecast.com
Organization: MarketDataForecast™
Address: 2nd Floor, Lakeview Plaza, Kavuri Hills, Hyderabad, Telangana 500033, India.
Phone: +1-888-702-9626

Market Data Forecast.

Abhishek Shukla

+1-888-702-9626

abhishek@marketdataforecast.com

Source: EmailWire.Com

Source: EmailWire.com

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