Global Smart Pest Monitoring Management System Market Insights Forecasts to 2030

• The global Smart Pest Monitoring Management System market was valued at USD 805 million in 2021.
• The market is growing at a CAGR of 7% from 2022 to 2030.
• The global Smart Pest Monitoring Management System market is expected to reach USD 1219 million by 2030.
• The Asia Pacific is expected to grow the fastest during the forecast period.

The global Smart Pest Monitoring Management System market is expected to reach USD 1219 million by 2030, at a CAGR of 7% during the forecast period 2022 to 2030. The market for smart pest monitoring management systems is experiencing tremendous growth due to the rising need for smart pest control solutions, the urbanisation of emerging countries, and the emergence of megacities.

Market Overview

Real-time pest population monitoring is done in residential, commercial, agricultural, and industrial settings using smart pest monitoring management systems. These systems enable users to combine smart pest traps with things, such as mechanical rats, mouse traps, and smart monitoring traps, to analyse and forecast the rise of pest populations. Additionally, they assist users in choosing preventative measures to be implemented before the pest population grows. The costs that customers spend due to the use of chemicals and various pest activities are decreased with the use of smart pest monitoring systems.

Report Coverage

This research report categorizes the market for Smart Pest Monitoring Management System based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Smart Pest Monitoring Management System market. Recent market developments and competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Smart Pest Monitoring Management System market.

Driving Factors

Smart pest monitoring management systems are used to monitor the pest population in commercial, residential, agricultural as well as industrial premises on a real-time basis. In fact, it helps the users to use smart pest traps, mouse traps and mechanical rats with objects to analyse and predict the pest population growth through predictive analysis. A smart pest monitoring system allows the user to take preventive action before the pest population increases. Not only this but it also reduces the cost of users why reducing chemical usage and other pest activities because it offers the whole details of the site as well as the location with many targeted insects on the premise. The expansion of the warehouse across the world due to the increase in E-Commerce and consumer goods and the increasing demand for pest control services for the Containment of bed bugs, cockroaches, termites and mosquitoes in residential areas are the main driving factors which can lead to the growth of the  Global smart pest monitoring management system market.

Restraining Factors

Lockdown was imposed by the government, which had an impact on businesses in offices, businesses, industries, and many other places. As a result, there was less demand for smart pest monitoring management systems. Once the industries return to their usual operating circumstances, the system's overall demand is anticipated to rise. Because of the increase in rodents, bugs, and pests in various industries, these devices are desperately needed.

Market Segmentation

• In 2021, Hardware segment holds the largest market share over the forecast period.

Based on the component, the global smart pest monitoring management system market is segmented into hardware and software. Among these, the hardware segment holds the largest market share over the forecast period. Smart pest monitoring management system on the basis hardware consists of smart monitoring traps, sensors, and GPS drones. Smart monitoring traps are monitoring devices which attract targeted insect pests, sense the entering insect, and takes pictures of it.

• In 2021, Agriculture segment is dominating the market with the largest market share over the forecast period.

On the basis of end user, the global smart pest monitoring management system market is segmented into commercial, residential, agriculture, industrial. Among these, agriculture segment holds the largest market share over the forecast period. The amount of manual intervention in fields is declining as more and more sophisticated technology is used to streamline agricultural operations, including farmers' adoption of automated pest monitoring systems. Farming's manual pest control technique is time-consuming, requires extra effort at an added cost to farmers, and poses risks to employees' safety. Smart pest monitoring management solutions reduce crop damage from pests and the frequency of the farmer's periodic field trips for pest monitoring. The use of intelligent pest monitoring management systems improves pest monitoring accuracy while decreasing the cost.

Regional Segment Analysis of the Smart Pest Monitoring Management System Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America holds the largest market share over the forecast.

The manufacturing base of several North American industries, including the automobile, chemical, rubber, and others, is growing. Additionally, this region is one of the biggest users of smart pest monitoring management systems due to the expansion of agricultural operations. Thus, the expansion of the regional market for smart pest monitoring management systems is being influenced by the burgeoning manufacturing businesses.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global Smart Pest Monitoring Management System market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

Key Players

• Ratdar
• Anticimex
• Bell Laboratories, Inc.
• Bayer AG
• Corteva
• EFOS d.o.o
• SnapTrap B.V.
• Pelsis Group Ltd
• VM Products
• Rentokil Initial Plc
• Futura GmbH
• PestWest USA
• Ratsense
• Ecolab

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at global, regional, and country levels from 2019 to 2030. Spherical Insights has segmented the global Smart Pest Monitoring Management System market based on the below-mentioned segments:

Smart Pest Monitoring Management System Market, By Component

• Hardware
• Software

Smart Pest Monitoring Management System Market, By End User

• Commercial
• Residential
• Agriculture
• Industrial

Smart Pest Monitoring Management System Market, Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of Middle East & Africa