North America Smart Pest Monitoring Management System Market Analysis and Opportunities by 2028
North America Smart Pest Monitoring Management System Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component (Hardware and Software and Services) and End-User (Commercial, Residential, Agriculture, and Industrial)
- Status : Published
- Report Code : TIPRE00025330
- Category : Electronics and Semiconductor
- No. of Pages : 71
- Available Report Formats :
- Last update date : October 11, 2021
2021 Market Size
US$ 264.11 Mn
Base year value
2028 Forecast
US$ 373.12 Mn
Projected by 2028
CAGR 2022-2028
5.1 %
Growth rate
Addressable Market
US$ 2,266.94 Mn
(2022-2028)
The smart pest monitoring management system market in North America is expected to grow from US$ 264.11 million in 2021 to US$ 373.12 million by 2028; it is estimated to grow at a CAGR of 5.1% from 2021 to 2028.
The US, Canada, and Mexico are major economies in North America. Several government regulations for implementation of smart pest monitoring management systems are the major factor driving the growth of the North America smart pest monitoring management system market. The application of PEST across different industries is one of the risky processes. The industries are focusing robustly on adopting preventive measures while using chemical pesticides. Due to the risky application environment, 0governments across different countries are announcing various regulations for the Implementation of smart pest monitoring management systems across different industries. For instance, in 2016, The Exterminators Law was issued for the licensing of businesses, specifically for non-agricultural exterminations. Under this regulation, the user must pass a Ministry of Environmental Protection (MoEP) licensing exam to carry out pest control work in the industry. The law sets four types of licenses – structures and open spaces license, domestic license, military license, and fumigation license. This is unless the business ensures that the chemical product is handled by a person who holds a license to use that pesticide under the PHW Act. Thus, such laws and regulations imposed by the governments are driving the smart pest monitoring management system market, which is further anticipated to drive the market in North America.
North America is one of the leading regions in terms of the development and adoption of new technologies; this is mainly attributed to favorable government policies that boost innovation and strengthen the infrastructure capabilities. Hence, any impact on the growth of industrial sector hampers the economic growth of the region. Presently, the US is the world’s worst-affected country due to COVID-19 outbreak. The smart pest monitoring management industry relies on residential, commercial, industrial, and agriculture industry. Owing to travel ban, the import and export of insecticide and pesticide is severely affected. Also, due to lockdown imposed by the government has affected the business from office, commercial places, industries, and many more, which has, in turn, reduced the demand for smart pest monitoring management systems. However, the overall demand for smart pest monitoring management system is likely to increase once the industries attain normal operational conditions; these systems are much needed because of the growing number of rodents, bugs, pests across different industries.
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North America Smart Pest Monitoring Management System Market Segmentation
North America Smart Pest Monitoring Management System Market – By Component
- Hardware
- Software and Services
North America Smart Pest Monitoring Management System Market – By End-User
- Commercial
- Residential
- Agriculture
- Industrial
North America Smart Pest Monitoring Management System Market– By Country
- US
- Canada
- Mexico
North America Smart Pest Monitoring Management System Market-Companies Mentioned
- Anticimex
- Bayer AG
- Bell Labs
- Corteva
- EFOS d.o.o
- Pelsis Group Ltd
- PestWest USA
- Rentokil Initial plc
- VM Products
North America Smart Pest Monitoring Management System Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 264.11 Million |
| Market Size by 2028 | US$ 373.12 Million |
| CAGR (2021 - 2028) | 5.1% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Component
|
| Regions and Countries Covered |
North America
|
| Market leaders and key company profiles |
|
- Comprehensive Market Sizing and Forecast Analysis
- Detailed Segmentation Analysis
- In-Depth Market Dynamics Assessment
- Regional and Country-Level Insights
- Competitive Landscape and Company Benchmarking
- Strategic Business Intelligence
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