$2.5 Bn Livestock Monitoring Industry Increasing Adoption of IoT and AI by Dairy Farmers

The global livestock monitoring market is expected to grow from USD 1.5 billion in 2020 to USD 2.5 billion by 2025, rising at a CAGR of 10.9%.

The growing focus on livestock monitoring and disease detection, increasing adoption of IoT and AI by dairy farmers, and substantial cost-saving associated with livestock monitoring management are driving the growth of this market. However, the high cost of precision livestock farming solutions and limited technical knowledge and skills of farmers restrain market growth.

Europe is expected to hold the largest share of the livestock monitoring market during the forecast period. Europe is expected to offer a huge platform for the potential growth of the livestock monitoring market. The already existing infrastructure of modern telecommunication offers great potential for the growth of the livestock monitoring market in Europe.