Global Industrial IoT Services By Deployment By Regions challenges 2018-2025

According to a new study published by Polaris Market, the global Industrial Internet of Things (IIoT) market is anticipated to reach USD 771.72 billion by 2026. Industries worldwide are looking for new business models to construct a connected enterprise for merging their operational and information departments. This transformation is expected to enhance the overall productivity, operational efficiency, and visibility as well as decrease the complexities of diverse procedures in the industry. The capability of IIoT to decrease costs is the major factor responsible for its high adoption by the industries. Other factors include increased productivity, time-to-market, and process automation. Moreover, decreasing sensors prices has also helped in the reduction of overall costs related to data collection and analytics.

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The future of animal feed industry will develop based on the rapidly growing population globally, varying social economic environment with a highly involved consumer base and constant pursuit of higher efficiency. The rise in global population and GDP growth depicts the demand for meat protein and cereal grain will carry on increasing in the future. In the present industry scenario, cost of these products refers to a need for the market participants to reconsider and enhance product efficiency. Several advancements in processing of raw materials have resulted in innovation of new feed stocks that have changed the complete approach to formulation of these products. This has no longer been a concern for monogastric animals. Inexpensive options of feed traditionally that have been given to animals are limited, and hence the commercial products are carefully formulated feed stuffs that are aimed for increasing efficiency in ruminants and monogastrics.

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In Asia Pacific region, consumption of animal derived products has been increasing steadily, thus creating a higher demand for high quality commercially produced feed. The rise in quality of life has increased the demand for animal proteins. Rapid increase in demand for food products produced from animals, along with changes in international trade patterns, has led to expansion of the Chinese food industry, which eventually has influenced the feed manufacturing sector. Production of livestock has grown faster compared to the other agricultural sub-sectors in the region during the decade, mainly owing to significant growth of poultry and pig farming industries.

Some of the leading industry participants currently operating in the industry include DaChan Food (Asia) Ltd., Smithfield Foods, Yuetai Group, NongHyup Feed Inc., Nutreco, De Heus, Tangrenshen Group (TRS), Haid Group, Shuangbaotai Group (Twins Group), Agrifirm Group, JA Zen-Noh, East Hope Group, ForFarmers N.V., Tyson Foods (broiler), BRF, Wen’s Food Group, Purina Animal Nutrition, New Hope Liuhe, Cargill, CP Group.

 Also read http://heraldkeeper.com/market/industrial-iot-iiot-market-segmentation-application-trends-opportunity-forecast-2019-to-2026-405422.html

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