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South America Smart Pest Monitoring Management System Market

2021

South 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)

Publication Month: Oct 2021 | Report Code: TIPRE00025331 | No. of Pages: 66 | Category: Electronics and Semiconductor | Status: Published

Market Insights

South America Smart Pest Monitoring Management System Market to Grow at a CAGR of 3.4% to reach US$ 46.34 million Million from 2021 to 2028

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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.

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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

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. SAM Smart Pest Monitoring Management System Market Landscape

4.1 Market Overview

4.2 PEST Analysis

4.2.1 South America

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. SAM Smart Pest Monitoring Management System Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Surge in Adoption of Advance Technologies in Agriculture Sector

5.1.2 Few Government Regulations for Implementation of Smart PEST Monitoring Management Systems

5.2 Market Restraints

5.2.1 Huge Initial and Registration Cost of Smart Pest Monitoring Management Systems

5.3 Market Opportunities

5.3.1 Rising Rates of Urbanization and Middle-Class Population Drive Pest Control Demand in Residential Applications

5.4 Future Trends

5.4.1 Rising Adoption of Advanced Technologies and Applications

5.5 Impact Analysis of Drivers and Restraints

6. Smart Pest Monitoring Management System Market – SAM Analysis

6.1 Smart Pest Monitoring Management System Market SAM Overview

6.2 SAM Smart Pest Monitoring Management System Market –Revenue and Forecast to 2028 (US$ Million)

7. SAM Smart Pest Monitoring Management System Market Analysis – by Component

7.1 Overview

7.2 SAM Smart Pest Monitoring Management System Market Breakdown, By Component, 2020 & 2028

7.3 Hardware

7.3.1 Overview

7.3.2 Hardware: SAM Smart Pest Monitoring Management System Market - Revenue and Forecast to 2028 (US$ Million)

7.4 Software and Services

7.4.1 Overview

7.4.2 Software and Services: SAM Smart Pest Monitoring Management System Market - Revenue and Forecast to 2028 (US$ Million)

8. SAM Smart Pest Monitoring Management System Market Analysis – by End-User

8.1 Overview

8.2 SAM Smart Pest Monitoring Management System Market Breakdown, By End-User, 2020 & 2028

8.3 Commercial

8.3.1 Overview

8.3.2 Commercial: SAM Smart Pest Monitoring Management System Market - Revenue and Forecast to 2028 (US$ Million)

8.4 Residential

8.4.1 Overview

8.4.2 Residential: SAM Smart Pest Monitoring Management System Market - Revenue and Forecast to 2028 (US$ Million)

8.5 Agriculture

8.5.1 Overview

8.5.2 Agriculture: SAM Smart Pest Monitoring Management System Market - Revenue and Forecast to 2028 (US$ Million)

8.6 Industrial

8.6.1 Overview

8.6.2 Industrial: SAM Smart Pest Monitoring Management System Market - Revenue and Forecast to 2028 (US$ Million)

9. SAM Smart Pest Monitoring Management System Market – Country Analysis

9.1 SAM: Smart Pest Monitoring Management System Market

9.1.1 SAM: Smart Pest Monitoring Management System Market- by Key Country

9.1.1.1 Brazil: Smart Pest Monitoring Management System Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.1.1 Brazil: Smart Pest Monitoring Management System Market- by Component

9.1.1.1.2 Brazil: Smart Pest Monitoring Management System Market- By End-User

9.1.1.2 Argentina: Smart Pest Monitoring Management System Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.2.1 Argentina: Smart Pest Monitoring Management System Market- by Component

9.1.1.2.2 Argentina: Smart Pest Monitoring Management System Market- By End-User

9.1.1.3 Rest of SAM: Smart Pest Monitoring Management System Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.3.1 Rest of SAM: Smart Pest Monitoring Management System Market- by Component

9.1.1.3.2 Rest of SAM: Smart Pest Monitoring Management System Market- By End-User

10. SAM Smart Pest Monitoring Management System Market- COVID-19 Impact Analysis

10.1 South America

11. Industry Landscape

11.1 Overview

11.2 Merger and Acquisition

11.3 New Development

12. Company Profiles

12.1 Bell Labs

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.1.6 Key Developments

12.2 Bayer AG

12.2.1 Key Facts

12.2.2 Business Description

12.2.3 Products and Services

12.2.4 Financial Overview

12.2.5 SWOT Analysis

12.2.6 Key Developments

12.3 Corteva

12.3.1 Key Facts

12.3.2 Business Description

12.3.3 Products and Services

12.3.4 Financial Overview

12.3.5 SWOT Analysis

12.3.6 Key Developments

12.5 EFOS d.o.o.

12.5.1 Key Facts

12.5.2 Business Description

12.5.3 Products and Services

12.5.4 Financial Overview

12.5.5 SWOT Analysis

12.5.6 Key Developments

12.6 Pelsis Group Ltd

12.6.1 Key Facts

12.6.2 Business Description

12.6.3 Products and Services

12.6.4 Financial Overview

12.6.5 SWOT Analysis

12.6.6 Key Developments

12.7 VM Products

12.7.1 Key Facts

12.7.2 Business Description

12.7.3 Products and Services

12.7.4 Financial Overview

12.7.5 SWOT Analysis

12.7.6 Key Developments

12.8 Rentokil Initial plc

12.8.1 Key Facts

12.8.2 Business Description

12.8.3 Products and Services

12.8.4 Financial Overview

12.8.5 SWOT Analysis

12.8.6 Key Developments

12.9 PestWest USA

12.9.1 Key Facts

12.9.2 Business Description

12.9.3 Products and Services

12.9.4 Financial Overview

12.9.5 SWOT Analysis

12.9.6 Key Developments

13. Appendix

13.1 About The Insight Partners

13.2 Word Index



LIST OF TABLES

Table 1. SAM Smart Pest Monitoring Management System Market – Revenue, and Forecast to 2028 (US$ Million)

Table 2. Brazil: Smart Pest Monitoring Management System Market- by Component –Revenue and Forecast to 2028 (US$ Million)

Table 3. Brazil: Smart Pest Monitoring Management System Market- By End-User –Revenue and Forecast to 2028 (US$ Million)

Table 4. Argentina: Smart Pest Monitoring Management System Market- by Component –Revenue and Forecast to 2028 (US$ Million)

Table 5. Argentina: Smart Pest Monitoring Management System Market- By End-User –Revenue and Forecast to 2028 (US$ Million)

Table 6. Rest of SAM: Smart Pest Monitoring Management System Market- by Component–Revenue and Forecast to 2028 (US$ Million)

Table 7. Rest of SAM: Smart Pest Monitoring Management System Market- By End-User –Revenue and Forecast to 2028 (US$ Million)

Table 8. List of Abbreviation

LIST OF FIGURES

Figure 1. SAM Smart Pest Monitoring Management System Market Segmentation

Figure 2. SAM Smart Pest Monitoring Management System Market Segmentation – By Country

Figure 3. SAM Smart Pest Monitoring Management System Market Overview

Figure 4. Hardware Segment Held the Largest Market Share in 2020

Figure 5. Commercial Held the Largest Market Share in 2020

Figure 6. Brazil was the Largest Revenue Contributor in 2020

Figure 7. South America – PEST Analysis

Figure 8. Expert Opinion

Figure 9. SAM Smart Pest Monitoring Management System Market Impact Analysis of Drivers and Restraints

Figure 10. SAM Smart Pest Monitoring Management System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 11. SAM Smart Pest Monitoring Management System Market Breakdown, By Component, 2020 & 2028 (%)

Figure 12. Hardware: SAM Smart Pest Monitoring Management System Market - Revenue and Forecast to 2028 (US$ Million)

Figure 13. Software and Services: SAM Smart Pest Monitoring Management System Market - Revenue and Forecast to 2028 (US$ Million)

Figure 14. SAM Smart Pest Monitoring Management System Market Breakdown, By End-User, 2020 & 2028 (%)

Figure 15. Commercial: SAM Smart Pest Monitoring Management System Market - Revenue and Forecast to 2028 (US$ Million)

Figure 16. Residential: SAM Smart Pest Monitoring Management System Market - Revenue and Forecast to 2028 (US$ Million)

Figure 17. Agriculture: SAM Smart Pest Monitoring Management System Market - Revenue and Forecast to 2028 (US$ Million)

Figure 18. Industrial: SAM Smart Pest Monitoring Management System Market - Revenue and Forecast to 2028 (US$ Million)

Figure 19. SAM: Smart Pest Monitoring Management System Market – Revenue by Country to 2028 (US$ Million)

Figure 20. SAM: Smart Pest Monitoring Management System Market Revenue Share, By Key Country (2020 and 2028)

Figure 21. Brazil: Smart Pest Monitoring Management System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 22. Argentina: Smart Pest Monitoring Management System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 23. Rest of SAM: Smart Pest Monitoring Management System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 24. Impact of COVID-19 Pandemic in South America Country Markets

  1. Bayer AG
  2. Bell Labs
  3. Corteva
  4. EFOS d.o.o
  5. Pelsis Group Ltd
  6. PestWest USA
  7. Rentokil Initial plc
  8. VM Products
  • To understand the SAM smart pest monitoring management system market landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for SAM smart pest monitoring management system market
  • Efficiently plan M&A and partnership deals in SAM smart pest monitoring management system market by identifying market segments with the most promising probable sales
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form SAM smart pest monitoring management system market
  • Obtain market revenue forecast for market by various segments from 2021-2028 in SAM region.
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