The global livestock monitoring market is projected to grow at a significant rate, reaching $3.6 billion by 2030, with a compound annual growth rate (CAGR) of 12.1% between 2024 and 2030, according to a report from Meticulous Research®. The increasing adoption of livestock monitoring systems for early detection of diseases and the rising number of dairy, poultry, and swine farms are among the key factors fueling this growth. The integration of technologies like IoT and AI in livestock management is also presenting new growth opportunities. However, market growth may be limited by the high costs of these solutions and the lack of technological awareness among farmers.

This comprehensive analysis segments the livestock monitoring market by offering, animal type, deployment mode, application, and technology. It also provides an in-depth look at the competitive landscape and evaluates market dynamics at both the regional and national levels.

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Market Segmentation by Offering

The market is divided into hardware, software, and services. In 2024, the software segment is expected to capture the largest share of the global livestock monitoring market. The rise in data generated by sensors, RFID tags, and surveillance cameras is a key factor driving this segment’s growth. This software helps track livestock health, manage remote herds, and even prevent livestock theft, all in real-time.

Market Segmentation by Animal Type

The livestock monitoring market includes cattle, poultry, swine, equine, and other animal types. The cattle segment is anticipated to dominate in 2024, driven by the increasing global demand for dairy products. The OECD estimates that per capita consumption of fresh dairy products will grow by 1% annually over the next decade. This demand, coupled with the need to ensure the safety and quality of dairy products, is boosting the cattle segment. Despite this, the poultry segment is expected to witness the highest CAGR during the forecast period.

Market Segmentation by Deployment Mode

The deployment modes include on-premise and cloud-based solutions. In 2024, the on-premise segment is projected to hold the largest market share due to a strong preference for secure, on-site solutions among large enterprises. Security concerns related to cloud deployment and the availability of skilled IT staff and infrastructure further support this trend. However, the cloud-based segment is expected to grow at the highest CAGR during the forecast period, thanks to its flexibility and scalability.

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Market Segmentation by Application

Applications of livestock monitoring technology include milk harvesting, breeding management, feeding management, animal health monitoring, and behavior tracking. Feeding management is expected to lead in 2024, driven by the necessity to provide continuous access to food and water while maintaining clean living conditions for livestock. Proper feeding protocols are crucial not only for animal health and comfort but also for reducing diseases and pests. On the other hand, the milk harvesting segment is expected to grow at the highest rate during the forecast period.

Market Segmentation by Technology

The livestock monitoring market is further segmented by technology, including IoT, artificial intelligence, big data analytics, GPS, and others. IoT technology is anticipated to dominate the market in 2024, enabling real-time monitoring of livestock health, grazing patterns, and nutritional needs. This technology allows farmers to analyze trends and optimize their farming practices, which is driving its rapid adoption. The IoT segment is also expected to grow at the highest CAGR during the forecast period.

Regional Insights

In terms of regional growth, North America is expected to account for the largest share of the livestock monitoring market in 2024, primarily due to the high consumption of meat products in the region. The OECD predicts that meat consumption in North America will reach 48,602 kilotons by 2030, with the U.S. contributing significantly to this demand. Moreover, the U.S. is the world's leading producer of broiler chicken meat, with 20.4 million metric tons produced in 2021. The rising prevalence of zoonotic diseases is further boosting the need for livestock monitoring technologies. Meanwhile, the Asia-Pacific region is expected to record the highest CAGR during the forecast period.

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Key Market Players

Leading companies in the livestock monitoring market include GEA Group Aktiengesellschaft (Germany), Afimilk Ltd. (Israel), DeLaval (Sweden), Sensaphone (U.S.), BouMatic (U.S.), DAIRYMASTER (Ireland), Lely (Netherlands), Fancom BV (Netherlands), Fullwood JOZ Ltd (U.K.), Communications Group Lethbridge (Canada), Merck & Co., Inc. (U.S.), HID Global Corporation (U.S.), Hokofarm Group (Netherlands), Nedap Livestock Management (Netherlands), ENGS Systems (Israel), CowManager B.V. (Netherlands), HerdInsights (Ireland), and Zoetis Inc. (U.S.).

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