Smart Pest Monitoring Management System Market Surges with 8% CAGR Growth Forecast till 2032

The global smart pest monitoring management system market size is expected to surpass an impressive valuation of USD 806 Million in 2022 and US$ 1,740.09 Million by 2032. The market is projected to exhibit a compound annual growth rate (CAGR) of 8% from 2022 to 2032.  Smart pest monitoring management systems are utilized for real-time monitoring of pest populations in residential, commercial, agricultural, and industrial premises.

These systems let the users use smart pest trap devices such as smart monitoring traps, mechanical rats, and mouse traps with objects to analyze and predict pest population growth using predictive analysis.

Furthermore, they also help the users decide on preventive actions to be taken before the pest population spreads. Smart pest monitoring systems help reduce the costs that users incur as a result of the use of chemicals and various pest activities. Moreover, the need for timely pest control is vital to evade feeding damages on fields. This boosts the demand for Integrated Pest Management (IPM). IPM improves and increases food availability and farm productivity.

The Europe Smart Pest Monitoring Management System market size is anticipated to register commendable growth from 2022 to 2032, due to a rise in demand for consumer-based goods and warehouses. Germany and France are the top countries for the smart pest monitoring management system market in Europe. The three leading industries in the region are the automotive, food & beverage, and pharmaceutical industries.

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Key Market Players:

Major players are channeling efforts toward expanding their production capacities to strengthen their market share and cater to the growing demand. Market expansion is anticipated to be aided by the growing number of partnerships and collaborations among key players that are looking to increase their presence in the market. Some of the players in the Smart Pest Monitoring Management System market are Anticimex, Bell Labs, Bayer AG, Corteva, Ecolab, and Rentokil Initial PLC.

In 2022, RATSENSE’s technology will be applied in NEA markets. All NEA markets and hawker centers will have rat surveillance devices installed. Under a two-year experiment, the NEA will deploy around 20 rat surveillance technologies every month, beginning with marketplaces and hawker centers.

In 2022, Bayer AG announced the launch of its brand-new Research and Innovation Center at Kendall Square in Boston-Cambridge, Massachusetts (U.S.A.), further extending the company’s presence into one of the most cutting-edge pharmaceutical research and development centers worldwide.

More Valuable Insights :

Future Market Insights, in its new offering, presents an unbiased analysis of the global Smart Pest Monitoring Management System market, presenting a historical analysis from 2017 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of Component (Hardware and Software Services), End User (Commercial, Residential, Agriculture, and Industrial), & Region (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).

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