The Smart Pest Monitoring Management System Market: Trends, Opportunities, and Projections
With the rise of our global populations and the expansion of urbanised areas, there has never been a greater need for improved pest management solutions. With the help of advancing technology, and increasing concern over pest-related health risks, the SPMMS market is about to grow. This blog post will explore the current state of the market, projected growth and trends of the SPMMS market and its future.
Market Overview
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.
Key Market Drivers
- Tech-jumps: Powered by IoT and AI, pest monitoring and control systems can automatically collect and analyse real-time data to predict infestations to help a farmer or a facility manager control pests proactively.
- Emerging Pest-Borne Health Issues: The recent upsurge of vector-borne health concerns associated with pests increased public attention about pest control practices. Consequently, there has been a rise in the smart monitoring device market in the residential and commercial sectors to avoid health threats.
- Sustainability Initiatives: Rapid shortages in supplies and growing concerns about the environment drive demand for sustainable pest management technologies. Monitored smart systems allow targeted pest management at the right locations, increasing the efficiency of human labour, reducing the usage of hazardous chemicals and promoting sustainable production.
- Urbanisation and expansion of agriculture: Rapid urbanisation, coupled with the increasing need to maximise agricultural production, is leading to the adoption of complex pest management systems; and the agricultural sector, in particular, is turning to technology for the addition of value to crops.
- Government support: Governments across the globe are promoting smart agriculture, in which pest monitoring systems also feature prominently. Incentives for sustainable farming practices and funding are also driving the market growth.
Market Segmentation
By Component
- Hardware Software & Services
By End User
- Commercial
- Residential
- Agriculture
- Industrial
Regional Insights
North America
- US
- Canada
- Mexico
Europe
- UK
- Germany
- France
- Russia
- Italy
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
South and Central America
- Brazil
- Argentina
- Rest of South and Central America
Middle East and Africa
- South Africa
- Saudi Arabia
- UAE
- Rest of the Middle East and Africa
Emerging Trends
- Integration of AI and Machine Learning
They reflect a movement towards pest monitoring systems powered by artificial intelligence. Such systems collect data on insect pests and analyse associations and patterns between the data to make predictions about pest behaviour, ultimately leading to more effective pest management strategies.
- Use of Drones
Drones with pest monitoring applications are, according to some, a revelation for farmers. The airborne view of their crops makes it easy to detect problem areas.
- Remote Monitoring
The ability to control pests remotely means that pest managers have more choices about where they are in the world to monitor their traps and can respond to new pest outbreaks more rapidly.
- Real-time Data Analytics
Real-time data analytics is transforming pest management now that the tools to analyse data points allow for rapid responses to infestations.
- Increased Adoption in Urban Areas
The rise in pest infestation of urban areas due to the density population in such places is strongly driving the smart pest management market. Residential and commercial owners are substantially investing in monitoring systems to conduct the management.
Conclusion
The global Smart Pest Monitoring Management System market is poised for significant growth due to the rapid advancements in technology, increasing awareness regarding health risks, and a shift towards eco-friendly habits collectively paving a pathway for the segment. The industry will witness the formulation of robust strategies to keep up with the rapidly changing trends and to ensure sustainable growth.
Frequently Asked Questions (FAQs)
What is a smart pest monitoring management systems market?
An Internet of Things, AI and data-analytics-driven monitoring and control architecture to manage pest populations dynamically in real time.
What factors are driving the smart pest monitoring management systems market?
Key drivers include technological advancements, rising health awareness, sustainability initiatives, urbanization, and government support.
Which sectors are the largest consumers of the smart pest monitoring management systems market?
Agriculture, residential, and commercial sectors are the primary consumers.
What is the projected CAGR for the smart pest monitoring management system market?
It is expected to grow at a compound annual growth rate (CARG) of 14.6 per cent between 2022 and 2030.
How is AI impacting pest management?
It’s all thanks to aid organisations and development agencies using AI to read patterns in data that predict and shape pest-management strategies more effectively.
Going forward, the Smart Pest Monitoring Management System market provides a much-needed chance to explore new paths to sustainability in pest management, which is environment-friendly and makes the world a better place for everyone.
About The Insight Partners
The Insight Partners is among the leading market research and consulting firms in the world. We take pride in delivering exclusive reports along with sophisticated strategic and tactical insights into the industry. Reports are generated through a combination of primary and secondary research, solely aimed at giving our clientele a knowledge-based insight into the market and domain. This is done to assist clients in making wiser business decisions. A holistic perspective in every study undertaken forms an integral part of our research methodology and makes the report unique and reliable.
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