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

The overall livestock monitoring market is expected to be worth USD 952.7 Million by 2022, growing at a CAGR of 18.01% between 2016 and 2022. The base year considered is 2015, and the market forecast provided for the period between 2016 and 2022.

The main objectives of this study are as follows:

• To define, analyze, and forecast the livestock monitoring market segmented on the basis of offering, application, species, and geography
• To forecast the market size, in terms of value, for various segments with respect to four main regions, namely, North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW)
• To provide detailed information regarding the major factors influencing the growth of the livestock monitoring market (drivers, restraints, opportunities, and challenges)

The market size of the global livestock monitoring market was estimated using top-down and bottom-up approaches. These approaches have been used to estimate and validate the size of the global market as well as to estimate the size of various other dependent submarkets in the overall market. The key players in the market have been identified through the secondary research and their regional market shares have been determined through the primary and secondary research. This research study incorporates the usage of extensive secondary sources, directories, and databases such as Hoovers, Bloomberg BusinessWeek, Factiva, and OneSource to identify and collect information useful for this technical, market-oriented, and commercial analysis of the livestock monitoring market. This entire research methodology includes the study of the annual and financial reports of the top market players as well as interviews of industry experts, such as CEOs, VPs, directors, and marketing executives, for the key qualitative and quantitative insights of the livestock monitoring market.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key opinion leaders. The breakup of the profiles of primary participants is given in the chart below:

To know about the assumptions considered for the study, download the pdf brochure

Ecosystem of the livestock monitoring market comprises technology providers such as DeLaval (Sweden), GEA Group AG (Germany), Afimilk Ltd. (Israel), BouMatic LLC (U.S.), SCR Dairy, Inc. (Israel) and livestock monitoring software and service providers such as DairyMaster (Ireland), SUM-IT Computer Systems, Ltd. (U.K.), and Valley Agriculture Software (U.S.), among others, who sell them to end users to cater to their unique business requirement.

The report also describes market dynamics such as the drivers, restraints, opportunities, and challenges. Apart from the in-depth view on the market segmentation, the report also includes the critical market data and qualitative information for each type, along with the qualitative analysis such as Porter’s five forces analysis, value chain analysis, and market breakdown analysis. The report targets the technology providers, software providers, system integrators, and end-user industries in the livestock monitoring market.

Target Audience:

• Livestock monitoring technology providers
• Technical universities
• Government research agencies and private research organizations
• Research institutes and organizations
• Market research and consulting firms

Scope of the Report:

The market covered in this report has been segmented as follows:

Livestock Monitoring Market, by Offering:

• Hardware
• Software
• Service

Livestock Monitoring Market, by Application:

• Milk Harvesting Management
• Breeding Management
• Feeding Management
• Heat Stress Management
• Animal Comfort Management
• Behavior Monitoring and Control
• Others

Livestock Monitoring Market, by Species:

• Cattle
• Poultry
• Swine
• Equine
• Others

Livestock Monitoring Market, by Geography:

• North America
• Europe
• APAC
• RoW

Available Customizations:

• Country-wise breakup for application of the livestock monitoring market
• Detailed analysis and profiling of the additional market players (up to five)

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 List of Major Secondary Sources
                    2.1.1.2 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
    2.2 Primary and Secondary Research
           2.2.1 Key Industry Insights
           2.2.2 Breakdown of Primaries
    2.3 Market Size Estimation
           2.3.1 Bottom-Up Approach
                    2.3.1.1 Approach for Capturing the Market Share By Bottom-Up Analysis (Demand Side)
           2.3.2 Top-Down Approach
                    2.3.2.1 Approach for Capturing the Market Share By Top-Down Analysis (Supply Side)
           2.3.3 Market Breakdown and Data Triangulation

3 Executive Summary (Page No. - 28)

4 Premium Insights (Page No. - 33)
    4.1 Opportunities for Livestock Monitoring Market
    4.2 Livestock Monitoring Market, By Application and Region
    4.3 Livestock Monitoring Market, By Offering
    4.4 Livestock Monitoring Market, By Region
    4.5 Life Cycle Analysis, By Region

5 Market Overview (Page No. - 37)
    5.1 Introduction
    5.2 Market Evolution
    5.3 Market Segmentation
           5.3.1 By Offering
           5.3.2 By Application
           5.3.3 By Species
           5.3.4 By Geography
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Increasing Size of Dairy Farms
                    5.4.1.2 Increasing Focus of Major Companies on Technological Advancements and New Product Launches and Developments for Livestock Monitoring
                    5.4.1.3 Substantial Cost Savings Associated With Livestock Monitoring Management
                    5.4.1.4 Key Benefits of Smart Livestock Monitoring Systems
                    5.4.1.5 Massive Investment By Several Governments for the Development of Livestock Monitoring Dairy Farms
           5.4.2 Restraints
                    5.4.2.1 Lack of Trained Dairy Professionals
           5.4.3 Opportunities
                    5.4.3.1 Developing Countries to Offer Significant Opportunities for Livestock Monitoring Products
                    5.4.3.2 Rising Demand for Better Quality Dairy Products Provide Opportunities for the Livestock Monitoring Systems
           5.4.4 Challenges
                    5.4.4.1 Following Stringent Regulations and Overcoming High Trade Barriers
                    5.4.4.2 Environmental Issues Resulting From Livestock Dairy Farming

6 Industry Trends (Page No. - 47)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Porter’s Five Forces Analysis
           6.3.1 Intensity of Competitive Rivalry
           6.3.2 Threat of Substitutes
           6.3.3 Bargaining Power of Buyers
           6.3.4 Bargaining Power of Suppliers
           6.3.5 Threat of New Entrants

7 Livestock Monitoring Market, By Offering (Page No. - 55)
    7.1 Introduction
    7.2 Hardware
           7.2.1 RFID Tags & Readers
           7.2.2 Sensors
                    7.2.2.1 Temperature Sensor
                    7.2.2.2 Accelerometer Sensor
                    7.2.2.3 Motion Sensor
                    7.2.2.4 Environmental Humidity Sensor
                    7.2.2.5 Others
           7.2.3 Transmitters & Mounting Equipment
           7.2.4 Global Positioning System (GPS)
           7.2.5 Others
    7.3 Software
           7.3.1 On-Cloud
           7.3.2 On-Premise
    7.4 Service
           7.4.1 Integration & Deployment
           7.4.2 Managed Service
           7.4.3 Maintenance & Support

8 Livestock Monitoring Market, By Application (Page No. - 83)
    8.1 Introduction
    8.2 Milk Harvesting Management
    8.3 Breeding Management
    8.4 Feeding Management
    8.5 Heat Stress Management
    8.6 Animal Comfort Management
    8.7 Behavior Monitoring & Control
    8.8 Other Applications

9 Livestock Monitoring Market, By Species (Page No. - 108)
    9.1 Introduction
    9.2 Cattle
    9.3 Poultry
    9.4 Swine
    9.5 Equine
    9.6 Others

10 Livestock Monitoring Market, By Region (Page No. - 113)
     10.1 Introduction
     10.2 North America
             10.2.1 U.S.
             10.2.2 Canada
             10.2.3 Mexico
     10.3 Europe
             10.3.1 U.K.
             10.3.2 Germany
             10.3.3 France
             10.3.4 Sweden
             10.3.5 Other Countries
     10.4 APAC
             10.4.1 Japan
             10.4.2 China
             10.4.3 Australia
             10.4.4 India
             10.4.5 Other Countries
     10.5 Rest of the World
             10.5.1 South America
             10.5.2 Middle East
             10.5.3 Africa

11 Competitive Landscape (Page No. - 133)
     11.1 Introduction
     11.2 Ranking Analysis of the Top Players in the Livestock Monitoring Market, 2015
     11.3 Competitive Scenario
             11.3.1 New Product Launches and Developments
             11.3.2 Partnerships and Collaborations
             11.3.3 Mergers and Acquisitions

12 Company Profiles (Page No. - 140)
     12.1 Delaval (Subsidiary of Tetra Laval International, S.A.)
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, Ratio Analysis, MnM View)*
     12.2 GEA Group AG
     12.3 Afimilk Ltd.
     12.4 Boumatic, LLC
     12.5 SCR Dairy, Inc. (An Independent Division of Allflex Group)
     12.6 Dairymaster
     12.7 Lely Holding S.À.R.L
     12.9 Sum-It Computer Systems, Ltd.
     12.10 Valley Agriculture Software
     12.11 Infovet

*Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 165)
     13.1 Insights of Industry Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Introducing RT: Real-Time Market Intelligence
     13.5 Available Customizations
     13.6 Related Reports
     13.7 Author Details

List of Table (78 Tables)

Table 1 Market Segmentation: By Offering
Table 2 Market Segmentation: By Application
Table 3 Market Segmentation: By Species
Table 4 Market Segmentation: By Geography
Table 5 Livestock Monitoring Market, By Offering, 2013–2022 (USD Million)
Table 6 Livestock Monitoring Market for Hardware, By Type, 2013–2022 (USD Million)
Table 7 Livestock Monitoring Market for Hardware, By Region, 2013–2022 (USD Million)
Table 8 Livestock Monitoring Market for RFID Tags & Readers, By Application, 2013–2022 (USD Million)
Table 9 Livestock Monitoring Market for RFID, By Region, 2013–2022 (USD Million)
Table 10 Livestock Monitoring Market for Sensors, By Application, 2013–2022 (USD Million)
Table 11 Livestock Monitoring Market for Sensors, By Region, 2013–2022 (USD Million)
Table 12 Livestock Monitoring Market for Transmitters & Mounting Equipment, By Application, 2013–2022 (USD Million)
Table 13 Livestock Monitoring Market for Transmitters & Mounting Equipment, By Region, 2013–2022 (USD Million)
Table 14 Livestock Monitoring Market for GPS, By Application, 2013–2022 (USD Million)
Table 15 Livestock Monitoring Market for GPS, By Region, 2013–2022 (USD Million)
Table 16 Livestock Monitoring Market for Other Hardware Types, By Application, 2013–2022 (USD Million)
Table 17 Livestock Monitoring Market for Other Hardware Types, By Region, 2013–2022 (USD Million)
Table 18 Livestock Monitoring Market for Software, By Type 2013–2022 (USD Million)
Table 19 Livestock Monitoring Market for Software, By Region, 2013–2022 (USD Million)
Table 20 Livestock Monitoring Market for Cloud-Based Software, By Application 2013–2022 (USD Million)
Table 21 Livestock Monitoring Market for Cloud-Based Software, By Region, 2013–2022 (USD Million)
Table 22 Livestock Monitoring Market for On-Premise Software, By Application, 2013–2022 (USD Million)
Table 23 Livestock Monitoring Market for On-Premise Software, By Region, 2013–2022 (USD Million)
Table 24 Livestock Monitoring Market for Service, By Type 2013–2022 (USD Million)
Table 25 Livestock Monitoring Market for Service, By Region, 2013–2022 (USD Million)
Table 26 Livestock Monitoring Market for Integration & Deployment Service, By Application, 2013–2022 (USD Million)
Table 27 Livestock Monitoring Market for Integration & Deployment Service, By Region, 2013–2022 (USD Million)
Table 28 Livestock Monitoring Market for Managed Service, By Application, 2013–2022 (USD Million)
Table 29 Livestock Monitoring Market for Managed Service, By Region, 2013–2022 (USD Million)
Table 30 Livestock Monitoring Market for Maintenance & Support Service, By Application, 2013–2022 (USD Million)
Table 31 Livestock Monitoring Market for Maintenance & Support Service, By Region, 2013–2022 (USD Million)
Table 32 Livestock Monitoring Market, By Application, 2013–2022 (USD Million)
Table 33 Livestock Monitoring Market for Milk Harvesting Management, By Hardware Type, 2013–2022 (USD Million)
Table 34 Livestock Monitoring Market for Milk Harvesting Management, By Software Type, 2013–2022 (USD Million)
Table 35 Livestock Monitoring Market for Milk Harvesting Management, By Service Type, 2013–2022 (USD Million)
Table 36 Livestock Monitoring Market for Milk Harvesting Management, By Region, 2013–2022 (USD Million)
Table 37 Livestock Monitoring Market for Reproduction Management, By Hardware Type, 2013–2022 (USD Million)
Table 38 Livestock Monitoring Market for Reproduction Management, By Software Type, 2013–2022 (USD Million)
Table 39 Livestock Monitoring Market for Reproduction Management, By Service Type, 2013–2022 (USD Million)
Table 40 Livestock Monitoring Market for Reproduction Management, By Region, 2013–2022 (USD Million)
Table 41 Livestock Monitoring Market for Feeding Management, By Hardware Type, 2013–2022 (USD Million)
Table 42 Livestock Monitoring Market for Feeding Management, By Software Type, 2013–2022 (USD Million)
Table 43 Livestock Monitoring Market for Feeding Management, By Service Type, 2013–2022 (USD Million)
Table 44 Livestock Monitoring Market for Feeding Management, By Region, 2013–2022 (USD Million)
Table 45 Livestock Monitoring Market for Heat Stress Management, By Hardware Type, 2013–2022 (USD Million)
Table 46 Livestock Monitoring Market for Heat Stress Management, By Software Type, 2013–2022 (USD Million)
Table 47 Livestock Monitoring Market for Heat Stress Management, By Service Type, 2013–2022 (USD Million)
Table 48 Livestock Monitoring Market for Heat Stress Management, By Region 2013–2022 (USD Million)
Table 49 Livestock Monitoring Market for Animal Comfort Management, By Hardware Type, 2013–2022 (USD Million)
Table 50 Livestock Monitoring Market for Animal Comfort Management, By Software Type, 2013–2022 (USD Million)
Table 51 Livestock Monitoring Market for Animal Comfort Management, By Service Type, 2013–2022 (USD Million)
Table 52 Livestock Monitoring Market for Animal Comfort Management, By Region 2013–2022 (USD Million)
Table 53 Livestock Monitoring Market for Behavior Monitoring & Control, By Hardware Type, 2013–2022 (USD Million)
Table 54 Livestock Monitoring Market for Behavior Monitoring & Control, By Software Type, 2013–2022 (USD Million)
Table 55 Livestock Monitoring Market for Behavior Monitoring & Control, By Service Type, 2013–2022 (USD Million)
Table 56 Livestock Monitoring Market for Behavior Monitoring & Control, By Region 2013–2022 (USD Million)
Table 57 Livestock Monitoring Market for Other Applications, By Hardware Type, 2013–2022 (USD Million)
Table 58 Livestock Monitoring Market for Other Applications, By Software Type, 2013–2022 (USD Million)
Table 59 Livestock Monitoring Market for Other Applications, By Service Type, 2013–2022 (USD Million)
Table 60 Livestock Monitoring Market for Other Applications, By Region 2013–2022 (USD Million)
Table 61 Global Livestock Population , By Species, 2013 -2022 (Million Units)
Table 62 Livestock Monitoring Market, By Species, 2013–2022 (USD Million)
Table 63 Livestock Monitoring Market, By Region, 2013–2022 (USD Million)
Table 64 Livestock Monitoring Market in North America, By Country, 2013–2022 (USD Million)
Table 65 Livestock Monitoring Market in North America, By Offering, 2013–2022 (USD Million)
Table 66 Livestock Monitoring Market in North America, By Application, 2013–2022 (USD Million)
Table 67 Livestock Monitoring Market in Europe, By Country, 2013–2022 (USD Million)
Table 68 Livestock Monitoring Market in Europe, By Offering, 2013–2022 (USD Million)
Table 69 Livestock Monitoring Market in Europe, By Application, 2013–2022 (USD Million)
Table 70 Livestock Monitoring Market in APAC, By Country, 2013–2022 (USD Million)
Table 71 Livestock Monitoring Market in APAC, By Offering, 2013–2022 (USD Million)
Table 72 Livestock Monitoring Market in APAC, By Application, 2013–2022 (USD Million)
Table 73 Livestock Monitoring Market in RoW, By Region, 2013–2022 (USD Million)
Table 74 Livestock Monitoring Market in RoW, By Offering, 2013–2022 (USD Million)
Table 75 Livestock Monitoring Market in RoW, By Application, 2013–2022 (USD Million)
Table 76 New Product Launches and Developments, 2013–2016
Table 77 Partnerships and Collaborations, 2013–2016
Table 78 Mergers and Acquisitions, 2013–2016

List of Figures (78 Figures)

Figure 1 Livestock Monitoring Market Segmentation
Figure 2 Livestock Monitoring Market: Research Methodology
Figure 3 Research Flow
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation: Livestock Monitoring Market
Figure 7 Research Assumptions
Figure 8 Global Livestock Monitoring Market Size, 2013–2022 (USD Million)
Figure 9 Livestock Monitoring Market for the Services Segment Expected to Grow at the Highest Rate During the Forecast Period
Figure 10 Livestock Monitoring Market in India Expected to Grow at the Highest Rate During the Forecast Period
Figure 11 Milk Harvesting Management Application Expected to Hold the Largest Market Share of the Livestock Monitoring Market in 2016
Figure 12 Livestock Monitoring Market for Poultry Expected to Grow at the Highest Rate During the Forecast Period
Figure 13 Livestock Monitoring Market in APAC Expected to Grow at the Highest Rate During the Forecast Period
Figure 14 Developing Countries to Offer Significant Opportunities for Livestock Monitoring Products During the Forecast Period
Figure 15 Milk Harvesting Management Application Held the Largest Market Share in 2016
Figure 16 The Hardware Segment Expected to Hold the Largest Size of the Livestock Monitoring Market During the Forecast Period
Figure 17 U.S. to Hold the Largest Share of the Global Livestock Monitoring Market in 2016
Figure 18 Livestock Monitoring Market in RoW Just Entered Into the Growth Phase During 2016
Figure 19 Livestock Monitoring Market Evolution
Figure 20 Market Overview of the Livestock Monitoring Market
Figure 21 Number of Cattle, By Region, 2013–2022
Figure 22 Value Chain Analysis: Maximum Value Added During the Manufacturing Stage
Figure 23 Bargaining Power of Suppliers Expected to Have A High Impact During the Forecast Period
Figure 24 Livestock Monitoring Market: Porter’s Five Forces Analysis (2015)
Figure 25 Impact of Intensity of Competitive Rivalry on the Livestock Monitoring Market
Figure 26 Impact of Threat of Substitutes on the Livestock Monitoring Market
Figure 27 Impact of Bargaining Power of Buyers on the Livestock Monitoring Market
Figure 28 Impact of Bargaining Power of Suppliers on the Livestock Monitoring Market
Figure 29 Impact of Threat of New Entrants on the Livestock Monitoring Market
Figure 30 Livestock Monitoring Market, By Offering
Figure 31 Livestock Monitoring Market for Services Expected to Grow at the Highest Rate During the Forecast Period
Figure 32 Types of Hardware
Figure 33 APAC Expected to Witness the Highest Growth Rate in the RFID Livestock Monitoring Market During the Forecast Period
Figure 34 Types of Sensors Used in Livestock Monitoring Devices
Figure 35 Europe to Dominate the Livestock Monitoring Market for Sensors During the Forecast Period
Figure 36 APAC Expected to Witness the Highest Growth Rate in the Transmitter & Mounting Equipment Market During the Forecast Period
Figure 37 Europe to Dominate the GPS Livestock Monitoring Market During the Forecast Period
Figure 38 APAC Expected to Witness the Highest Growth Rate for Other Hardware Components of Livestock Monitoring Market During the Forecast Period
Figure 39 Types of Software
Figure 40 Europe Expected to Hold the Largest Market Size for Livestock Monitoring Software
Figure 41 APAC Expected to Witness the Highest Growth Rate in the Cloud-Based Software Market for Livestock Monitoring During the Forecast Period
Figure 42 Europe to Dominate the On-Premise Software Market for Livestock Monitoring Market During the Forecast Period
Figure 43 Types of Service
Figure 44 APAC to Witness the Highest Growth Rate for Livestock Monitoring Integration & Deployment Service During the Forecast Period
Figure 45 APAC Expected to Witness the Highest Growth Rate for Managed Service of the Livestock Monitoring Market During the Forecast Period
Figure 46 Europe to Dominate the Market for Maintenance & Support Service of Livestock Monitoring During the Forecast Period
Figure 47 Livestock Monitoring Market, By Application
Figure 48 Livestock Monitoring Market for Feeding Management Expected to Grow at the Highest Rate During the Forecast Period
Figure 49 RFID Tags & Readers Expected to Hold the Largest Market for Hardware-Based Livestock Monitoring Market During the Forecast Period
Figure 50 Maintenance & Support Service Expected to Witness the Highest Growth Rate for the Milk Harvesting Management Application During the Forecast Period
Figure 51 GPS Expected to Witness the Highest Growth Rate for the Reproduction Management Application of Livestock Monitoring During the Forecast Period
Figure 52 RFID Tags & Readers to Dominate the Livestock Monitoring Market for the Feeding Management Application
Figure 53 GPS to Dominate the Livestock Monitoring Market for Heat Stress Management Application
Figure 54 RFID Tags & Readers to Dominate the Livestock Monitoring Market for Animal Comfort Management Application
Figure 55 GPS Expected to Witness the Highest Growth Rate for the Livestock Monitoring Market for the Behaviour Monitoring & Control Application
Figure 56 Transmitter & Mounting Equipment to Dominate the Livestock Monitoring Market for Other Applications
Figure 57 APAC Expected to Witness the Highest Growth Rate for Other Applications of Livestock Monitoring
Figure 58 Livestock Monitoring Market Segmentation, By Species
Figure 59 Livestock Monitoring Market for Poultry to Grow at the Highest Rate During the Forecast Period
Figure 60 Livestock Monitoring Market: By Region
Figure 61 Geographic Snapshot of Livestock Monitoring Market (2016–2022)
Figure 62 Livestock Monitoring Market in North America
Figure 63 Snapshot of the Livestock Monitoring Market in North America
Figure 64 Livestock Monitoring Market in Europe
Figure 65 Snapshot of the Livestock Monitoring Market in Europe
Figure 66 Livestock Monitoring Market in APAC
Figure 67 Snapshot of the Livestock Monitoring Market in APAC
Figure 68 Companies Adopted New Product Launches as the Key Growth Strategy Between 2013 and 2016
Figure 69 Market Evaluation Framework—New Product Launches and Developments Boosted Growth and Innovation Between 2013 and 2016
Figure 70 Battle for Market Share: New Product Launches and Developments Emerged as the Key Strategies Between 2013 and 2016
Figure 71 Geographic Revenue Mix of Top 5 Market Players (2015)
Figure 72 Delaval : Company Snapshot
Figure 73 Delaval: SWOT Analysis
Figure 74 GEA Group AG: Company Snapshot
Figure 75 GEA Group AG: SWOT Analysis
Figure 76 Afimilk Ltd.: SWOT Analysis
Figure 77 Boumatic, LLC. : SWOT Analysis
Figure 78 SCR Dairy, Inc.: SWOT Analysis

The livestock monitoring 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. Major drivers of the market include growing size of dairy farms, increasing focus of major companies on technological advancements along with new product launches, and substantial cost savings associated with livestock monitoring management.

The report covers the livestock monitoring market based on offering, application, species, and geography. The livestock monitoring market based on offering has been classified into hardware, software, and service. Several factors such as standardization of hardware and software systems, enhanced performance of these hardware and software systems, and reduced time and cost associated with livestock monitoring management are encouraging the market, based on offering,. Hardware offering is expected to hold the largest market share during the forecast period.

The livestock monitoring market, based on application, has been classified into milk harvesting management, breeding management, feeding management, heat stress management, animal comfort management, behavior monitoring and control, and other applications. Feeding management application is expected to grow at the highest rate during the forecast period. The high growth of this application is predominantly driven by the rising availability of innovative feeding technologies such as liquid feeding systems and dry feeding systems.

The livestock monitoring market based on species is divided into following categories: cattle, poultry, swine, equine, and others. Manual management of livestock is costly and time consuming. Hardware and software solution enables automatic identification and data capture, which results in accurate and quick tracking and monitoring of livestock. Owing to these advantages, market for cattle monitoring is expected to grow significantly during the forecast period.

The livestock monitoring market based on region is divided into North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW). Among the mentioned regions, European market is expected to hold the largest market share. The market in APAC is expected to grow at a highest rate during the forecast period. The European livestock monitoring market is driven by various factors such as technological advancements and early adoption of livestock monitoring technologies in this region.

The major restraint for the growth of the livestock monitoring market includes the dearth of trained professional. The industry is currently lacking trained professional to cater increasing demand in livestock industry. According to the United States Department of Labor (USDA), employment of dairy farm workers is projected to decrease by 6% from 2014 to 2024. Similarly, according to a report of the working group on Animal Husbandry & Dairying, Government of India 2014, only 34,500 veterinarians are employed for field services against the requirement of 67,000.

Afimilk Ltd. is one of the leading firms in the global livestock monitoring market, owing to its wide product portfolio and significant geographical presence. Afimilk Ltd. manufactures and supplies a range of products and systems used in cattle and herd intelligence technologies. To maintain its competitive position in the market, the company focuses on commercializing its dairy herd management products by entering into partnerships and collaborations with various other companies. For instance, Afimilk Ltd. partnered with ABS Global (U.S.) to market its next-generation automatic heat detection system, AfiAct II. This has enabled Afimilk to strengthen its product portfolio of heat detection solutions. The company also focuses on inorganic growth strategies such as mergers and acquisitions to maintain its leadership position across the highly competitive dairy herd management market. For instance, in February 2016, Afimilk, Ltd. acquired Silent Herdsman (U.K.). This helped the company to strengthen its product portfolio.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst