United States Livestock Monitoring Market Forecast 2022-2028
KEY FINDINGS
The United States livestock monitoring market is estimated to propel with a CAGR of 19.20% during the forecast period, 2022-2028. The market growth is driven by technology-based livestock management, the role of key players in meeting the livestock industry’s needs, and the use of AI-powered herd management solutions.
MARKET INSIGHTS
The last few years have witnessed a significant rise in the swine, poultry, and dairy farm numbers in the United States. This growth has resulted from the increasing demand for dairy and meat products due to the surging population. This surging number of cattle results from the requirement for dairy products like cheese, butter, yogurt, curd, etc. The vast population further pushes the demand for livestock monitoring solutions.
Furthermore, various market players in the United States offer exclusive cattle monitoring and tracking solutions. AI and cloud technologies are shifting the market from traditional to advanced and automated systems for livestock monitoring. These systems help locate individual animals accurately and alert the farmers in case of behavioral changes caused by injury or illness. In addition, the government has made tagging cattle compulsory, thereby driving the market growth for these solutions.
COMPETITIVE INSIGHTS
Some of the key players operating in the market include Cattle Eye Ltd, Valley HerdX Inc, BouMatic, Agriculture Software, etc.
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