Artificial Intelligence is fastest growing segment fueling the growth of Livestock Monitoring Market
The global Livestock Monitoring Market is estimated to be valued at US$ 6.13 Bn in 2023 and is expected to exhibit a CAGR of 17. % over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Livestock monitoring helps farmers to keep track of location, temperature, humidity, and other health parameters of livestock such as cattle, poultry using devices such as sensors and tags. It provides real-time monitoring that helps improve animal welfare and farm operations through early disease detection. Market key trends: One of the major trends in the Global Livestock Monitoring Market Size is the increasing adoption of artificial intelligence (AI). AI is helping improve livestock monitoring in different ways. AI-based image recognition technology is being used for automatic cattle identification, health monitoring, and behavior analysis. AI algorithms also help farmers to draw meaningful insights from large datas...