In 2020, the value of the livestock monitoring system market in Latin America was estimated at more than 51 million U.S. dollars and it is expected to rise to over 101 million U.S. dollars by 2025. Livestock monitoring systems incude hardware, software and services.
Livestock monitoring system market value in Latin America from 2020 to 2025
(in million U.S. dollars)
Figures have been rounded.
An exponential development of the values was assumed to estimate the annual values between 2020 and 2025, which were provided by the source.
The compound annual growth rate (CAGR) calculated using the excel's formula was 14.7 percent but the stat's description used the CAGR from the source of 16 percent.
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Market Data Forecast. (February 15, 2020). Livestock monitoring system market value in Latin America from 2020 to 2025 (in million U.S. dollars) [Graph]. In Statista. Retrieved October 31, 2024, from https://www.statista.com/statistics/790101/livestock-monitoring-system-market-value-latin-america/
Market Data Forecast. "Livestock monitoring system market value in Latin America from 2020 to 2025 (in million U.S. dollars)." Chart. February 15, 2020. Statista. Accessed October 31, 2024. https://www.statista.com/statistics/790101/livestock-monitoring-system-market-value-latin-america/
Market Data Forecast. (2020). Livestock monitoring system market value in Latin America from 2020 to 2025 (in million U.S. dollars). Statista. Statista Inc.. Accessed: October 31, 2024. https://www.statista.com/statistics/790101/livestock-monitoring-system-market-value-latin-america/
Market Data Forecast. "Livestock Monitoring System Market Value in Latin America from 2020 to 2025 (in Million U.S. Dollars)." Statista, Statista Inc., 15 Feb 2020, https://www.statista.com/statistics/790101/livestock-monitoring-system-market-value-latin-america/
Market Data Forecast, Livestock monitoring system market value in Latin America from 2020 to 2025 (in million U.S. dollars) Statista, https://www.statista.com/statistics/790101/livestock-monitoring-system-market-value-latin-america/ (last visited October 31, 2024)
Livestock monitoring system market value in Latin America from 2020 to 2025 (in million U.S. dollars) [Graph], Market Data Forecast, February 15, 2020. [Online]. Available: https://www.statista.com/statistics/790101/livestock-monitoring-system-market-value-latin-america/
