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The livestock monitoring market size is forecast to increase by USD 15.56 billion, at a CAGR of 30.1% between 2023 and 2028. The livestock monitoring market is witnessing significant growth due to the increasing focus on animal welfare regulations and the use of advanced technologies for identifying, weighing, tracking, and monitoring animals' health and physiological factors. Regulations mandate the regular monitoring of animals' environment, health, and body conditions to ensure their well-being. Big data is being leveraged to analyze this data and identify trends, enabling farmers to take preventative measures and improve overall herd health. However, poor internet connectivity in rural areas poses a challenge to the widespread adoption of livestock monitoring systems. Key physiological factors monitored include body temperature, heart rate, and body conformation to ensure optimal animal health and productivity. In summary, the livestock monitoring market is driven by regulations, technological advancements, and the need for improved animal health and productivity, with challenges including internet connectivity limitations.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Component
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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