LIVESTOCK MONITORING MARKET ANALYSIS

Livestock Monitoring MarketSize and Trends

The global livestock monitoring market size was valued at US$ 5.2 billion in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 17.9% from 2023 to 2030. The major drivers for livestock monitoring solutions are the growing consumer demand for meat products worldwide, increased focus on real-time monitoring and early disease detection and the rising adoption of IoT and AI for livestock monitoring. The need to meet these increasing demands for food has led to an increase in the number of cattle, poultry and swine farms globally.