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The precision livestock farming market was valued at USD 3.4 billion in 2019 and is expected to reach USD 4.8 billion by 2025, at a CAGR of 9.0% from 2020 to 2025.
The precision livestock farming market has a promising growth potential owing to several factors such as the implementation of IoT- and AI-enabled devices for livestock monitoring, surging labor costs and rising demand for automation in the livestock industry, increasing focus on real-time monitoring and early disease detection, and growing demand for protein and dairy products have become the prominent factors for the growth of the precision livestock farming market globally. ....

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