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Global IoT Market in Livestock Management 2017-2021 with Cisco Systems, IBM, KaaIoT Technologies, Oracle & Trimble Dominating - Research and Markets

[November 20, 2017]

Global IoT Market in Livestock Management 2017-2021 with Cisco Systems, IBM, KaaIoT Technologies, Oracle & Trimble Dominating - Research and Markets

The "Global IoT Market in Livestock Management 2017-2021" report has been added to Research and Markets' offering.

The analysts forecast the global IoT market in livestock management to grow at a CAGR of 12.14% during the period 2017-2021.

Global IoT Market in Livestock Management 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Internet of things (IoT) refers to automated networks of computers, devices, and sensors that can process their own data instead of depending solely on input. These Internet-connected systems gather data of livestock and communicate with external processes via onboard sensors, impacting businesses in just about every industry, including livestock management. The market includes hardware, software, and services involved in IoT for livestock management.

According to the report, one driver in the market is decline in the price of sensors. The increse in the adoption of sensors in the market is mainly driven by the reduction in costs. The installation takes less time and costs less, owing to technical advances and easy assembling options provided by sensor manufactures. The cost of sensors is continuously reducing, which indicates the increase in competition among hardware providers. The competition prevailing among major manufacturers of sensors and service providers of IoT products is increasing, which will lead to an increase in market revenue.

Key vendors