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The global livestock monitoring market is undergoing a transformative surge, reflecting the evolving landscape of agriculture and technology integration. Valued at USD 5.9 billion in 2022, this market is projected to skyrocket to USD 19.3 billion by 2031, boasting a staggering Compound Annual Growth Rate (CAGR) of 17.99% during the forecast period (2023–2031). These statistics underscore the significant momentum and lucrative opportunities within the sector.
Market Dynamics:
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