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IoT Market in Livestock Management - Increased Adoption of Smartphones and Applications to Augment Market Demand

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Published on : Dec 07, 2017

ALBANY, New York, December 07, 2017: The global IoT market in Livestock Management has been evaluated in detail in a market research report by ResearchMoz.us, containing the title “Global IoT Market in Livestock Management 2017-2021” The 86-page report has come up with an extensive overview of the market along with an elaborate study of the various categories of the market, namely milk harvesting, health and wellness, breeding, feeding, and other applications. By product, the market has been categorized into services, hardware products, and software products. All the segments have been analyzed elaborately and comprehensively in the report to provide with a deep and detailed insight pertaining to the IoT market in livestock management.

The report provides with an expansive details of the competitive trends and situation of the global IoT market in Livestock Management. The same section also contains mergers and acquisitions, expansion, market shares of top five companies, and the rate of market concentration. Analysis of the competition that is prevalent in this market has also been done as per various elements considered important on the part of manufacturers, viz. revenue, average price, sales area, market shares, production, product type, and manufacturing base distribution.

According to this report, the global IoT market in Livestock Management is anticipated to reach a sizeable amount in value by 2021 expanding at a significant growth rate with a healthy CAGR during the forecast period of 2017-2021. Much of the growth is attributed to various factors such as increasing usage of smartphones and application. Relying on technological innovation and advancement, farmers monitor data at a distant place and thus are able to optimize productivity.

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Rapid growth of the wireless and mobile technology has led to the attainment of efficiency in the category of livestock thereby helping business by diminishing the cost of power and food. Usage of big data in livestock management is gaining popularity and is estimated to become one of the key trends of the livestock industry. Big data enables improved functional safety, repair and maintenance information, and wireless in-field communication and thus it is becoming increasingly popular in the livestock industry. Whatever data is gathered from the environment, digital maps of land surfaces, grazing fields, automated system, and animals is used in planning an effective livestock management thus improving upon the productivity.

However, the high capital expenditure needs to be incurred for the installation and integration of IoT in livestock management. This factor is restraining the growth of the IoT market in livestock management.

The global market of IoT market in Livestock Management is expected to be dominated by Europe, Middle East and Africa. Growing adoption of software and hardware in the region is spearheading the growth of the market in this region. Asia Pacific is also expected to play a dominant role in the market for IoT market in livestock management during the forecast period.

Some of the key players that have been assessed in the report are Cisco Systems, IBM, KaaloT Technologies, Trimble, and Oracle. Apart from these key players there are other important players such as CEMA, Nokia Solutions and Network, Valley Agriculture Software, OnFarm, ROXAN, Sum-It Computer Systems, Softweb Solutions, and so on. Each of the companies that have been profiled in the report has been carefully evaluated on the basis of several factors such as price, market share, capacity, revenue, and production. The section has also provided a basic analysis of each of these companies, including their products, specifications, competitors, and applications.

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