Livestock Monitoring Market to Hit USD 952 Mln Mark by 2022, Announces M&M in Its New Research Report Now Available at MarketPublishers.com02 Feb 2017 • by Natalie Aster
LONDON – The world’s livestock monitoring industry is set to follow an upward trend in the coming years. Robust growth is likely to be encouraged by a slew of driving forces like remarkable technological advancements and novel products launches, rising size of dairy farms, and essential cost savings provided by livestock monitoring management. From 2016 up to 2022, the market is predicted to gain, and by 2022 amount to almost USD 953 million, experiencing a significant CAGR of slightly over 18%.
Amid all the applications, the feeding management sector is predicted to grow at the highest rate through 2022, fueled by the rising adoption of the latest feeding technologies.
In 2015, the mammoth share of the livestock monitoring market belonged to Europe owing to the fast technological progress in this region. Through 2022, the market in APAC is slated to grow at the highest CAGR given the rising adoption of livestock monitoring technologies and sensors in the region.
New market research report “Livestock Monitoring Market by Offering, Species, Application, and Geography - Global Forecast to 2022” prepared by M&M analyses the market segmentation on the basis of offerings, applications, species and geography. The comprehensive research report provides the latest market statistics, comprises the value chain analysis and Porter’s five force analysis. Moreover, it includes an in-depth insight into the market dynamics, paying special attention to the major market drivers, challenges, opportunities, current and emerging trends. A competitive landscape review is also at hand here along with key facts about top market players. Furthermore, a future outlook for the world’s livestock monitoring market up till 2022 is offered in the report, too.
For other new research studies worked out by this publisher, please follow to M&M’s online page at MarketPublishers.com.