Smart Pest Monitoring Management System Market Forecast to 2028


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The intelligent pest monitoring management systems market is expected to reach US$1,219. 35 million by 2028 compared to US$805.06 million in 2022; it is expected to grow at a CAGR of 7.2% from 2022 to 2028.

New York, Aug. 26, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the publication of the report “Smart Pest Monitoring Management System Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Component and End User” – https: //www .reportlinker.com/p06316348/?utm_source=GNW
Companies such as Pro AgroTech focus on creating automated insect pest monitoring technologies. The company aimed to create an automatic insect counting device to overcome the challenges found in conventional pheromone traps.

Conventional traps are used to monitor insect pests, mainly Lepidoptera such as diamond moth and oriental worm.

The adoption of AI-based products for species identification and insect recognition is expected to create profitable growth opportunities for the market. The adoption of automated insect pest monitoring systems to monitor insect pests in residential, commercial, industrial and agricultural areas, as well as orchards and forestry, is increasing at an impressive rate.

The development enterprise trend will fuel the global intelligent pest monitoring management systems market.

Additionally, the need for timely pest control is essential to avoid feeding damage in the field. The mentioned aspect of the need for pests creates a demand to follow the rules established by Integrated Pest Management (IPM). IPM plays a major role in sustainable agriculture because it helps to:
• Increased food availability and agricultural productivity, while losses are due to reduced pre- and post-harvest harvests.
• High income levels due to lower production costs associated with less pesticide use.
• The proportion of pesticide residues in feed, foodstuffs and fibers as well as in the environment is reduced.

Pest monitoring is a primary action followed as outlined by the IPM guidelines, as it helps to understand the real situation of a field before taking any action. Additionally, in April 2022, the California Department of Pesticide Regulation invested US$3.75 million to fund 10 research projects exploring IPM tools to meet agricultural, non-agricultural, and urban pest management needs. The Department of Pesticides Regulation’s 2021-2022 grant programs represent a 617% increase over last year’s investment to spur safer and more sustainable pest control methods. The increasing use of IPM would directly contribute to the growth of the intelligent pest management systems market.

In 2021, Europe held the second position with substantial intelligent pest management system market share, and it is expected to grow with a constant growth rate from 2022 to 2028. The region is expected to provide several growth opportunities for players in the market during the forecast. period.

Germany and France are the target territories for the smart pest management systems market in Europe. An increase in demand for consumer goods and warehouses is estimated to drive the market for intelligent pest control systems in the region during the forecast period.

The three major industries in the region are automotive, food and beverage, and pharmaceutical industry. In the food and beverage trade, the country has a large trade surplus.

Furthermore, EU food law is highly harmonized and greatly benefits from the opportunities of the EU single market. Thus, the growth of food and beverage, automotive and pharmaceutical industry in the region has a positive impact on the growth of the intelligent pest monitoring management system market in the region, as the above mentioned industries are the main end user of intelligent pest monitoring system. .

Residential construction in the area is growing vigorously, driven by demographic trends, low mortgage rates and rising household incomes. Likewise, the number of new construction projects and maintenance activities for existing structures has increased, including smart pest control.

In addition, non-residential construction projects are increasing, due to rising consumer demand and relatively strong corporate profits. Countries like Germany and the UK are experiencing strong growth in their construction sector.

The booming construction sector in the UK and Germany will create lucrative growth opportunities for the intelligent pest management systems market.
The Italian and Spanish governments are taking initiatives to support the residential and commercial industry through investments, grants and subsidies for the renovation and construction of public and private infrastructure projects. Such a focus on residential and commercial projects and their maintenance activities is likely to increase the adoption of intelligent pest monitoring management systems and thus fuel the market share of intelligent pest monitoring management system. pests in Europe.
The market players in the region are focusing on the development of intelligent pest monitoring management systems to accurately handle the pest control problem. Some well-established manufacturers of intelligent pest monitoring management systems are Futura GmbH, Rentokil Initial plc, Ratdar and Pelsis Group Ltd, among others.

Impact of COVID-19 on Intelligent Pest Monitoring Management System Market

Due to business closures, travel bans and supply chain disruptions, Europe is experiencing an economic slowdown in 2020 and a few months of 2021. Member states in Europe, such as Italy, Spain and Germany, have implemented drastic measures and travel restrictions to limit the spread of the coronavirus among its citizens.

Additionally, due to the lockdown across the globe, business activities have been halted. The intelligent pest monitoring system market players present in the region have been focusing on the development of wireless platforms, which enable farmers to reinforce their decision in real time. when it comes to pest monitoring, crop health monitoring, yield monitoring, field mapping, harvest management and irrigation scheduling.

The impact of the COVID-19 pandemic on the Intelligent Pest Management Systems market was more short-lived and is expected to provide profitable opportunities in the medium to long term.

The pandemic places thousands of pest control companies in Europe in the midst of a new crisis. Because manufacturing and applying biological control agents requires a lot of effort and expertise, COVID has restricted everything in agriculture, including their accessibility.

The use of pesticides and synthetic fertilizers in agriculture is restricted due to the European Green Deal and its farm-to-fork approach. areas.

All these factors are expected to have a direct impact on the growth of the intelligent pest management systems market in European countries.

The Intelligent Pest Management System market size is segmented into components, end users and geographies. Based on components, the intelligent pest management system market analysis is categorized into hardware, software, and services.

By end-user, the Intelligent Pest Monitoring Management System market analysis is segmented into commercial, residential, agricultural and industrial. On the basis of geography, the Intelligent Pest Management System market size is majorly split into North America, Europe, Asia-Pacific (Asia-Pacific), Middle East and Africa (MEA) and in South America.

Anticimex, Bell Labs, Bayer AG, Corteva, Ecolab, and Rentokil Initial PLC are some of the major players in the intelligent pest management systems market. The market is highly fragmented, with several intelligent pest management systems market players localized in a specific region to meet domestic demand.

The global Intelligent Pest Monitoring Management System market has been derived using primary and secondary sources.

The process also obtains a market overview and forecast of the Intelligent Pest Monitoring Management System market size with respect to all market segments. topic.

Participants typically involved in this process include industry experts such as vice presidents, business development managers, business intelligence managers, and national sales managers, as well as external consultants such as evaluation, research analysts and key opinion leaders, specializing in intelligent pest monitoring. growth of the management systems market.
Read the full report: https://www.reportlinker.com/p06316348/?utm_source=GNW

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