PUNE, India, January 17, 2017 /PRNewswire/ --
The report "Livestock Monitoring Market by Offering (Hardware, Software, and Service), Species (Cattle, Poultry, Swine, Equine), Application (Milk Harvesting, Feeding, Breeding, Behaviour Monitoring & Control), and Geography - Global Forecast to 2022", published by MarketsandMarkets, the market is expected to grow at a CAGR of 18.01% between 2016 and 2022, to reach from USD 285.8 Million in 2015 to USD 952.7 Million by 2022.
Browse 78 market data Tables and 78 Figures spread through 175 Pages and in-depth TOC on "Livestock Monitoring Market"
Early buyers will receive 10% customization on this report.
The rapid growth of the livestock monitoring market is attributed to various factors including growing size of dairy farms, technological advancements along with new product launches, and substantial cost savings associated with livestock monitoring management.
The feeding management application is expected to hold the largest size of the livestock monitoring market by 2022
The feeding management application is expected to hold the largest market size among all applications during the forecast period. A number of factors such as increasing preference for automated feeding systems, and the increasing availability of innovative feeding technologies such as liquid feeding systems and dry feeding systems are driving the growth of the market for this application segment.
Download PDF Brochure @ http://www.marketsandmarkets.com/pdfdownload.asp?id=72634532
The hardware offering is expected to hold the largest market size during the forecast period
Hardware held the largest market size in the offering segment owing to increasing use of RFID, Sensors, and GPS technology in the livestock farm. The larger share of hardware is attributed to the increasing demand for livestock monitoring systems, increasing preference toward automated hardware and systems, technological advancements by key players to introduce innovative products, rise in the demand for dairy products, and increasing number of dairy cattle globally.
The market in APAC is expected to grow at the highest CAGR during forecast period
The market in APAC is expected to grow at the highest CAGR between 2016 and 2022. The primary driving forces for this growth are increasing technological adoption and growing number of cattle and poultry providing huge opportunities in APAC countries, especially in India, China, and Japan. The livestock monitoring market in APAC is set to grow because of technological advancements and increased awareness among farmers regarding latest livestock monitoring technologies.
Inquiry Before Buy @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=72634532
The report also profiles the most promising players in the Livestock Monitoring Market. The key players in the livestock monitoring market are DeLaval (Sweden), GEA Group AG (Germany), Afimilk Ltd. (Israel), BouMatic LLC (U.S.), SCR Dairy, Inc. (Israel), DairyMaster (Ireland), Lely Holding S.À.R.L (Netherlands), SUM-IT Computer Systems, Ltd. (U.K.), and Valley Agriculture Software (U.S.).
Browse Related Reports
Smart Agriculture Market by Hardware and Network Platform (GPS/GNSS Devices, Sensor Monitoring Systems, and Gateway/Router), Service (Connectivity, System Integrator, Supply Chain Management), Software, Application, and Geography - Global Forecast to 2022
Precision Farming Market by Technology (Guidance System, Remote Sensing, Variable Rate Technology), Offering (Hardware Automation & Control System, Sensor & Monitoring Device, Software, Services), Application, and Geography - Global Forecast to 2022
Subscribe Reports from Semiconductor Domain @ http://www.marketsandmarkets.com/Knowledgestore.asp
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Markets and Markets
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
Tel : 1-888-600-6441
Connect us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets