Livestock Monitoring Market Analysis: To Reach Around US$ 3.45 BN In 2027
February 9, 2021 | by admin |
The
livestock monitoring market was valued at US$ 1.39 Bn in the year 2018 and expected to reach US$ 3.45 Bn by the year 2027, expanding at a CAGR of 10.7% during the forecast from 2019 to 2027.
Market Insights
“Rising Penetration of Sensor Technology expected to boost the demand for Livestock Monitoring during the Forecast Period”
The demand for meat is growing every year, while the requirements for quality and food safety are constantly rising as well. With the livestock industry continuously evolving, farms face the challenge of constantly making production more efficient, effective and sustainable. The care and management of individual animals as well as the management of their productivity are becoming more and more demanding.