Smart Pest Monitoring Management System Market Strategies, Top Players, Growth Opportunities, Analysis and Forecast by 2031

The smart pest monitoring management system market size is projected to reach US$ 1403.99 million by 2031 from US$ 706.92 million in 2023. The market is expected to register a CAGR of 9.0% during 2023–2031. The rise in the adoption of advanced technologies in the agriculture sector and several government regulations for the implementation of smart PEST monitoring management systems are likely to be the key drivers and trends of the market.

Smart Pest Monitoring Management System Market Analysis

The smart Pest Monitoring management system market is experiencing significant growth globally. This growth is attributed to factors such as the rise in the adoption of advanced technologies in the agriculture sector and several government regulations for the implementation of smart PEST monitoring management systems. Moreover, rising rates of urbanization and middle-class population drive pest control demand in residential applications, and the mounting adoption of advanced technologies and applications is anticipated to hold several opportunities for the market in the coming years.

Smart Pest Monitoring Management System Market Overview

A system for detecting the pest attack, intimating the farmer about the infection automatically, and comparing the obtained real-time values with the database to identify the affected leaf and to alert the farmer through the GSM module is proposed. With the interpretation of smart agriculture, insect monitoring systems are progressively used in agriculture, forestry, landscaping, customs, professional standardized science and technology demonstration parks, and many other fields. Monitoring, early warning, forecasting, and forecasting of information on changes in the pest situation in the field, and assisting managers in formulating specific prevention and control measures promptly.

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Smart Pest Monitoring Management System Market: Strategic Insights

Smart Pest Monitoring Management System Market

• 
  CAGR (2023 - 2031)

  9.0%
• Market Size 2023
  US$ 706.92 Million
• Market Size 2031
  US$ 1403.99 Million

Market Dynamics

GROWTH DRIVERS

• Rise in Advanced Technologies in Agriculture Technologies to Favor Market

FUTURE TRENDS

• The mounting adoption of integrated pest management is anticipated to drive the market in the forecast period.

OPPORTUNITIES

• Adoption of Integrated Pest Management.

Key Players

• Ratdar
• Anticimex
• Bell Laboratories Inc
• Bayer AG
• Corteva
• EFOS d o o
• SnapTrap
• B V Pelsis Group Ltd
• VM Products
• Rentokil Initial Plc

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

Component

• Hardware and Software & Services

End User

• Commercial
• Residential
• Agriculture
• Industrial

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Smart Pest Monitoring Management System Market Drivers and Opportunities

Rise in Advanced Technologies in Agriculture Technologies to Favor Market

The rise in advanced technologies in agriculture technologies is indeed driving the market. Technological advances such as precision farming are gaining traction owing to the adoption of advanced analytics and the Internet of Things (IoT). Advanced analytics utilizes numerous methods and instruments to obtain and analyze information regarding the conditions of soil and yield. Precision farming practices are likely to witness significant growth since these practices allow farmers to boost productivity, regulate field fluctuations, and lower production prices. This raises the agricultural yield, which increases the requirement of a smart pest monitoring market. Thus, the rise in advanced technologies in agriculture is driving the market.

Adoption of Integrated Pest Management.

Integrated Pest Management (IPM) is a valuable and environmentally sensitive approach to pest management that depends on a combination of common-sense practices. IPM programs utilize current, comprehensive statistics on the life cycles of pests and their relations with the environment. This information, in combination with available pest control methods, is managed to manage pest damage by the most economical means and with the minimum possible hazard to people, property, and the environment. Moreover, various companies offer IPM. For example, LEAF offers a farmer guide to integrated pest management.

Smart Pest Monitoring Management System Market Report Segmentation Analysis

Key segments that contributed to the derivation of the smart pest monitoring management system market analysis are component and end users.

• Based on components, the smart pest monitoring management system market is divided into hardware, software & services. The hardware segment is anticipated to hold a significant market share in the forecast period.
• Based on the end user, the smart pest monitoring management system market is divided into commercial, residential, agriculture, and industrial. The commercial segment is anticipated to hold a significant market share in the forecast period.

Smart Pest Monitoring Management System Market Share Analysis by Geography

The geographic scope of the smart pest monitoring management system market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.

North America has dominated the smart pest monitoring management system market. High technology adoption trends in various industries in the North American region have fuelled the growth of the smart pest monitoring management system market. Factors such as increased adoption of digital tools and high technological spending by government agencies. The rise in the adoption of advanced technologies in the agriculture sector and several government regulations for the implementation of smart PEST monitoring management systems are expected to drive the North American smart pest monitoring management system market growth. Moreover, a strong emphasis on research and development in the developed economies of the US and Canada is forcing the North American players to bring technologically advanced solutions into the market. In addition, the US has many smart pest monitoring management system market players who have been increasingly focusing on developing innovative solutions. All these factors contribute to the region's growth of the smart pest monitoring management system market.

Smart Pest Monitoring Management System Market Report Scope

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Smart Pest Monitoring Management System Market News and Recent Developments

The smart pest monitoring management system market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the smart pest monitoring management system market are listed below:

• FarmSense unveiled a smart pest monitoring system named Smart Trap that can help farmers improve insect monitoring and crop management. Smart Trap leverages ML algorithms and predictive analytics to automate the process of real-time insect classification. (Source: FarmSense Company Website/Newsletter, December 2021)
• Syngenta has introduced its innovative SecureChoice remote detection system for smart rodent monitoring in the UK. The system will be on show live at PestTech 2023 in Milton Keynes (8 November 2023). (Source: Syngenta Company Website, November 2023)

Smart Pest Monitoring Management System Market Report Coverage and Deliverables

The “Smart Pest Monitoring Management System Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• Smart pest monitoring management system market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Smart pest monitoring management system market trends as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed PEST/Porter’s Five Forces and SWOT analysis
• Smart pest monitoring management system market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the smart pest monitoring management system market
• Detailed company profiles