AP NEWS

Global Precision Livestock Farming Market 2018-2022| Increasing Prevalence of Chronic Disorders to Boost Demand| Technavio

September 24, 2018

LONDON--(BUSINESS WIRE)--Sep 24, 2018-- analysts forecast the global precision livestock farming market to grow at a CAGR of over 16% during the forecast period, according to their latest market research report.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180924005931/en/

Technavio has published a new market research report on the global precision livestock farming market for the period 2018-2022. (Graphic: Business Wire)

The use of big data in livestock monitoring is one of the major trends being witnessed in the . The use of Big Data is gaining traction across many industries, one of which is the livestock farming market. This is mainly because smart dairy farms are increasingly replacing workers in livestock production units with robots. Robots are performing activities like feeding cows, cleaning, and milking activities. Big Data in livestock farming provides various opportunities in benchmarking, boosting feed efficiency, and others.

This report is available at a USD 1,000 discount for a limited time only:

According to Technavio analysts, one of the key factors contributing to the growth of the global precision livestock farming market is the growth in preference for protein-based diet globally:

Global precision livestock farming market: Growth in preference for protein-based diet globally

The consumption of animal protein in the general diet of individuals has increased dramatically. One of the most consumed forms of animal protein is chicken, followed by beef and pork. The rise in the consumption of animal-based protein along with the growth in population has increased the pressure on livestock farmers to cater to these demands.

According to a senior analyst at Technavio, “Farmers are increasingly focusing on improving the overall quantity of the output, and thus, are adopting precision livestock farming methods. The use of precision livestock farming methods not only helps farmers in meeting global demand for meat-based products, but also helps in ensuring increased availability of various dairy products like cheese, cream, and others.”

Global precision livestock farming market: Segmentation analysis

The global precision livestock farming market research report provides market segmentation by product (precision milking robots, precision feeding systems, and stable and FMS) and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

The EMEA region held the largest share of the market in 2017, accounting for more than 48% share, followed by APAC and the Americas. Although EMEA accounted for the largest market share, APAC is expected to be the fastest growing region during the forecast period. Increasing demand for meat-based products from consumers in China and Australia has encouraged the farmers to focus on various aspects of livestock management.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at .

View source version on businesswire.com:https://www.businesswire.com/news/home/20180924005931/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY OTHER TECHNOLOGY NATURAL RESOURCES AGRICULTURE

SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 09/24/2018 03:40 PM/DISC: 09/24/2018 03:40 PM

http://www.businesswire.com/news/home/20180924005931/en

AP RADIO
Update hourly