The research study involved 4 major activities in estimating the size of the livestock monitoring market. Exhaustive secondary research has been done to collect important information about the market and peer markets. The validation of these findings, assumptions, and sizing with the help of primary research with industry experts across the value chain has been the next step. Both top-down and bottom-up approaches have been used to estimate the market size. Post which the market breakdown and data triangulation have been adopted to estimate the market sizes of segments and sub-segments.
Secondary Research
In the secondary research process, various secondary sources have been referred to for identifying and collecting information required for this study. The secondary sources include annual reports, press releases, investor presentations of companies, white papers, and articles from recognized authors. Secondary research has been mainly done to obtain key information about the market’s value chain, the pool of key market players, market segmentation according to industry trends, regional outlook, and developments from both market and technology perspectives.
In the livestock monitoring market report, the global market size has been estimated using both the top-down and bottom-up approaches, along with several other dependent submarkets. The major players in the market were identified using extensive secondary research, and their presence in the market was determined using secondary and primary research. All the percentage shares splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Primary Research
Extensive primary research has been conducted after understanding the livestock monitoring market scenario through secondary research. Several primary interviews have been conducted with key opinion leaders from both demand- and supply-side vendors across 4 major regions—North America, Europe, Asia Pacific, and Rest of the World. Approximately 25% of the primary interviews have been conducted with the demand-side vendors and 75% with the supply-side vendors. Primary data has been collected mainly through telephonic interviews, which consist of 80% of the total primary interviews; questionnaires and emails have also been used to collect the data.
After successful interaction with industry experts, brief sessions were conducted with highly experienced independent consultants to reinforce the findings of our primary research. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the report.
Note: “Others” includes sales, marketing, and product managers
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
In the market engineering process, both top-down and bottom-up approaches, along with data triangulation methods, have been used to estimate and validate the size of the livestock monitoring solutions and services and other dependent submarkets. The research methodology used to estimate the market sizes includes the following:
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Identifying top-line investments and spending in the ecosystem and considering segment-level splits and major market developments
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Identifying different stakeholders in the livestock monitoring market that influence the entire market, along with participants across the supply chain
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Analyzing major manufacturers and service providers in the market and studying their solutions
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Analyzing trends related to the adoption of livestock monitoring solutions and services
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Tracking recent and upcoming market developments, including investments, R&D activities, product launches, expansions, acquisitions, partnerships, collaborations, agreements, and investments, as well as forecasting the market size based on these developments and other critical parameters
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Carrying out multiple discussions with key opinion leaders to identify the adoption trends of livestock monitoring solutions and services
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Segmenting the overall market into various other market segments
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Validating the estimates at every level through discussions with key opinion leaders, such as chief executives (CXOs), directors, and operation managers, and finally with the domain experts at MarketsandMarkets
Livestock Monitoring Market : Top-Down and Bottom-Up Approach
Data Triangulation
After arriving at the overall market size by the market size estimation process explained in the earlier section, the overall livestock monitoring market has been divided into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all segments, the data triangulation and market breakdown procedures have been used, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply side perspectives. Along with data triangulation and market breakdown, the market has been validated by top-down and bottom-up approaches.
Market Definition
Livestock monitoring market tracks and monitors the health, behavior, and location of livestock using advanced technologies. Such systems have huge benefits in farm management, including real-time data about health, movement, and activity tracking using IoT sensors, GPS tracking, RFID tags, and wearable devices. Sensors, tracking devices, data transmission networks, and software platforms for data analysis and decision-making are some of the key components of a livestock monitoring system. These technologies help farmers improve herd management, optimize feed usage, monitor animal well-being, and enhance overall productivity. Such technology is applied to various sectors, such as dairy, beef, and poultry. It assists with the tracking of milk production in the dairy industries; it helps detect heat cycles and diseases. For the beef farming sector, it provides insights into weight gain, growth patterns, and overall health of the animal. In poultry rearing, this technology monitors the feed efficiency and health status of the flock. Also, it aids in improving animal welfare as it enables early detection of health issues and prevents disease outbreaks with more efficiency in productivity. Major applications of livestock monitoring technology include milk harvesting management, which optimizes the entire process of milk production, and heat detection monitoring to improve breeding efficiency by monitoring the heat cycles. Feeding management ensures the proper nutrition and growth of animals; heat stress management helps in mitigating adverse effects of heat stress, keeping the welfare status of animals in check. Also, health monitoring systems provide an early warning of disease so that it is prevented from spreading further; with sorting and weighing management, automation of sorting and weighing of animals is achieved that boosts operational efficiency. Increasing demand in sustainable farming methods and precision agriculture will lead to a high increase in livestock monitoring.
Key Stakeholders
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Raw Material Supplier
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Device Manufacturers
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Software Developers
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System Integrators
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Distributors and Resellers
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Consultants and Service Providers
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Regulatory Bodies
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Government and Agricultural Agencies
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Research and Development Institutes
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End Users
Report Objectives
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To define, describe, and forecast the size of the livestock monitoring market, by offering, livestock type, farm size, application, and region, in terms of value
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To forecast the market of hardware segment for smart tags and GPS systems, in terms of volume
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To forecast the size of various segments with respect to four regions, namely, North America, Asia Pacific, Europe, and Rest of the World (Middle East, Africa and South America)
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To identify and analyze key drivers, restraints, opportunities, and challenges influencing the growth of the market
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To study the value chain and related industry segments of the livestock monitoring market
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To strategically analyze the micromarkets concerning individual growth trends, prospects, and contributions to the overall market
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To assess the trends and disruptions impacting customers’ businesses’ pricing trends, patents and innovations, trade data, regulatory landscape, Porter’s five forces, case studies, key stakeholders and buying criteria, technology trends, market ecosystem, key conferences and events, and impact of AI/Gen AI related to the market
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To analyze opportunities for various stakeholders by identifying the high-growth segments of the market
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To strategically profile the key players and comprehensively analyze their market position in terms of revenue, market share, and core competencies, along with detailing the competitive landscape for the market leaders
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To analyze competitive developments such as product launches, expansions, acquisitions, partnerships, collaborations, agreements, and investments carried out by players in the livestock monitoring market
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:
Country-wise Information:
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Country-wise breakdown for North America, Europe, Asia Pacific, and Rest of the World
Company Information:
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Detailed analysis and profiling of additional market players (up to five)
LARGEST MARKET SHARE IN 2025-2031
INDIA FASTER-GROWING MARKET IN REGION
Dave
Jun, 2019
Looking data for beef monitoring market potential in Canada. AI breeding with seedstock herds Health monitoring ROI, overall market potential for livestock monitoring in Canada..
Helio
Jan, 2019
Dear Sirs, I am looking for more information about livestock monitoring market, companies, size to start up a business in Brazil. We are very small company and all information available for free is appreciated. Best regards, Helio.
nweke
Feb, 2019
I want to download a full PDF copy of "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 ".
Mayamiko
Oct, 2022
Looking for data of Livestock monitoring market in Southeast Africa especially Malawi.