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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
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
- Bayer AG
- Bell Labs
- Corteva
- EFOS d.o.o
- Pelsis Group Ltd
- PestWest USA
- Rentokil Initial plc
- VM Products
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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