South America Smart Pest Monitoring Management System Market Size, Share, and Analysis by 2028
Historic Data: 2019-2020 | Base Year: 2021 | Forecast Period: 2022-2028South 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)
- Report Date : Oct 2021
- Report Code : TIPRE00025331
- Category : Electronics and Semiconductor
- Status : Published
- Available Report Formats :
- No. of Pages : 66
The smart pest monitoring management system market in SAM is expected to grow from US$ 36.59 million in 2021 to US$ 46.34 million by 2028; it is estimated to grow at a CAGR of 3.4% from 2021 to 2028.
Brazil and Argentina are major economies in SAM. Rising adoption of advanced technologies and applications is the major factor driving the growth of the SAM smart pest monitoring management system market. With the advent of advanced technologies such as artificial intelligence (AI), the acceptance of smart pest monitoring management systems is also rising, owing to their low service cost and ability to operate in real-time without interrupting the operation of the facility. Consequently, the demand for advanced pest control solutions is estimated to witness high growth in the coming years. The pest control service providers such as Rentokil, are robustly focusing on the integration of AI-based image-recognition technology to detect and handle different types of vermin and bugs. Also, the company's pest control specialists use a mobile app “PestID”—developed by Accenture—to detect bugs more efficiently. This app helps pest control specialists detect the surge in a type of rodent or bug and allows them to instantly take a picture of the pest. The image clicked via mobile app is then sent to Google Images, where machine learning software scans several pest images and pinpoint the intruder. As soon as the app detects the bug, it immediately offers a remedy to the technicians and helps them decide the treatment plans such as recommendations for homeowners and usage of proper chemicals. Subsequently, the implementation of AI for pest control has reduced the frequency of technician visits, thereby resulting in low service costs. Therefore, the mounting adoption of these digital applications and technology by pest control technicians is an ongoing trend, which is driving the adoption of smart pest monitoring management systems, which is further anticipated to drive the market in SAM.
In SAM, Brazil reported the highest number of COVID-19 confirmed cases, followed by Ecuador, Peru, Chile, and Argentina. The governments of various countries in SAM are taking several initiatives to protect people and to control COVID-19’s spread in the region through lockdowns, trade bans, and travel restrictions. These measures are expected to have a direct impact on the region’s economic growth as the region will face lower export revenues, both from the drop in commodity prices and reduction in export volumes, especially to major trading partners such as China, Europe, and North America. The sharp decline in the sales of various smart agriculture products and solutions in the region due to lockdown measures has substantially impacted the smart pest control solutions across the region.
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
SAM Smart Pest Monitoring Management System Market Segmentation
SAM Smart Pest Monitoring Management System Market – By Component
- Hardware
- Software and Services
SAM Smart Pest Monitoring Management System Market – By End-User
- Commercial
- Residential
- Agriculture
- Industrial
SAM Smart Pest Monitoring Management System Market– By Country
- Brazil
- Argentina
- Rest of SAM
SAM Smart Pest Monitoring Management System Market-Companies Mentioned
- Bayer AG
- Bell Labs
- Corteva
- EFOS d.o.o
- Pelsis Group Ltd
- PestWest USA
- Rentokil Initial plc
- VM Products
South America Smart Pest Monitoring Management System Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 36.59 Million |
| Market Size by 2028 | US$ 46.34 Million |
| Global CAGR (2021 - 2028) | 3.4% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Component
|
| Regions and Countries Covered | South and Central America
|
| Market leaders and key company profiles |
Market Research & Consulting
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
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- Bayer AG
- Bell Labs
- Corteva
- EFOS d.o.o
- Pelsis Group Ltd
- PestWest USA
- Rentokil Initial plc
- VM Products
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