Global Livestock Monitoring Market Analysis, Trends and Insights 2020- 2026
Summary - A new market study, titled “Livestock Monitoring Market, by Component (Services, Software, Hardware), Livestock Type (Cattle, Equine, Swine, Poultry, Swine), Application, and By Geography (NA, EU, APAC, LATAM and MEA) – Analysis, Share, Trends, Size, & Forecast From 2020 – 2026 ” has been featured on WiseGuyReports. Livestock monitoring market was valued at USD 1.48 billion by 2019, growing with 9.6% CAGR during the forecast period, 2020-2026 Market Dynamics The growing adoption of AI and IoT by dairy farmers, rising focus on livestock monitoring and detection of disease, and considerable cost-saving with livestock monitoring management are the major factors driving the growth of global livestock monitoring market. As per USDA (The U.S. Department of Labor), it is estimated that the employment of dairy farm workers will decrease by 6% by 2024. The governments of various countries are investing immensely to mitigate these mounting challenges and enhance productivi...