Smart Pest Monitoring Management System Market Growth

Smart Pest Monitoring Management System Market Snapshot (2022 to 2032)

The global smart pest monitoring management system market is expected to surpass an impressive valuation of US$ 806 Million in 2022 and is projected to exhibit a compound annual growth rate (CAGR) of 8% from 2022 to 2032.

Smart pest monitoring management systems are utilized for real-time monitoring of pest populations in residential, commercial, agricultural, and industrial premises. These systems let the users use smart pest trap devices such as smart monitoring traps, mechanical rats, and mouse traps with objects so as to analyze and predict pest population growth using predictive analysis.

Furthermore, they also help the users decide on preventive actions to be taken before the pest population spreads. Smart pest monitoring systems help reduce the costs that users incur as a result of the use of chemicals and various pest activities.

Report Attribute	Details
Expected Market Value (2022)	US$ 806 Million
Anticipated Forecast Value (2032)	US$ 1,740.09 Million
Projected Growth Rate (2022 to 2032)	8% CAGR

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2017 to 2021 Smart Pest Monitoring Management System Demand Analysis vs. Forecast 2022 to 2032

The COVID-19 outbreak has had a significant impact on the growth of the market as the smart pest monitoring management industry relies majorly on residential, commercial, industrial, and agriculture industries that were badly impacted. The travel ban adversely impacted the activities relating to the import and export of insecticides and pesticides from one place to another.

However, the overall demand for smart pest monitoring management systems is likely to increase in the years to come as industries have now attained normalcy in their operational conditions. These systems are much in demand owing to the growing number of rodents, bugs, and pests across different industries.

The global demand for smart pest monitoring management systems is projected to increase at a CAGR of 8% during the forecast period between 2022 and 2032, reaching a total of US$ 1,740.09 Million in 2032, according to a report from Future Market Insights (FMI). From 2017 to 2021, sales witnessed significant growth, registering a CAGR of 6%.

Which are Some Prominent Drivers of the smart pest monitoring management system Market?

The increasing rate of organic farming pushing the growth of the market

Organic farming is a unique and fast-growing segment, inhibiting the growth of smart pest-monitoring management systems. The area under organic farming is rapidly growing across the world. According to FiBL statistics, the area under organic cultivation across the world was 69.1 million hectares in 2017, which increased by 8.4% and reached 74.9 million hectares in 2020.

Smart pest monitoring management systems help in easing the handling of attributes like low-to-no re-entry intervals and post-harvest intervals. Similarly, innovations in the area of smart pest monitoring management systems, coupled with a growing consumer awareness about the negative impact of poor pest monitoring, are expected to boost the adoption rate in the near future.

Moreover, the need for timely pest control is vital to evade feeding damages on fields. This boosts the demand for Integrated Pest Management (IPM). IPM improves and increases food availability and farm productivity. In April 2022, the California Department of Pesticide Regulation invested US$ 3.75 million to fund 10 research projects exploring IPM tools to address the needs of agricultural, non-agricultural, and urban pest management needs. The 2021 to 2022 Department of Pesticide Regulation Grants Programs depicts a 617% increase from last year’s investment to boost safer and more sustainable pest management methods. The growing usage of IPM is immensely contributing to the growth of the smart pest monitoring management system market.

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Region-Wise Insights

What Makes North America the Largest Market for Smart Pest Monitoring Management Systems?

Increased regional initiatives to drive the adoption of a Smart Pest Monitoring Management System

Various North American industries, including automotive, chemical, rubber, and others are expanding their manufacturing base. Furthermore, rising agriculture activities make this region one of the largest consumers of smart pest monitoring management systems. Thus, the rising manufacturing industries are influencing the development of the regional smart pest monitoring management system market growth.

Why is Europe Considered a Lucrative Region for the smart pest monitoring management system Market?

Increasing Investments are Spurring Demand for smart pest monitoring management system

The Europe smart pest monitoring management system market size is anticipated to register commendable growth from 2022 to 2032, due to a rise in demand for consumer-based goods and warehouses. Germany and France are the top countries in the smart pest monitoring management system market in Europe. The three leading industries in the region are the automotive, food & beverage, and pharmaceutical industries.

Category-Wise Insights

Which Component Type Leads the Market for Smart Pest Monitoring Management Systems?

Hardware Segment To Lead the Component Type of Smart Pest Monitoring Management System

Based on components, the smart pest monitoring management system market is segmented into hardware and software & services. The hardware segment holds a larger share. Based on hardware, it comprises smart monitoring traps, mechanical rats and mouse traps, sensors, and GPS drones, among others.

Start-ups For Smart Pest Monitoring Management System Market

Some key startups in the Smart Pest Monitoring Management System Market include-

The Climate is an integrated platform providing hardware and software for farm and weather data analytics. The company claims that its technology helps farmers to collect field data and visualize and monitor field decisions based on crop performance and also manage field variability. Their app is available for both android and ios users. The company also claims to provide recommendations based on their products; field view drive and yield sense and also claims that farmers can consult agronomists, commodities brokers, and other professionals for making farming decisions.
CropIn is a provider of saas-based farming solutions to agribusinesses. Its offerings are Smartfarm; a complete farm management solution, Smartrisk; risk mitigation and forecasting solutions, warehouse; traceability and compliance solution, and Smartsales; CRM, and input channel management solutions. The company claims to offer its solutions for farming companies, agri-input companies, crop insurance providers, seed production companies, government, and advisories. It also claims to offer Acresquare solutions; a farmer application for companies to connect their farmers, educate them, and share content.

Market Competition

Key players in the smart pest monitoring management system market are Anticimex, Bell Labs, Bayer AG, Corteva, Ecolab, and Rentokil Initial PLC.

In 2022, RATSENSE's technology will be applied in NEA markets. All NEA markets and hawker centers will have rat surveillance devices installed. Under a two-year experiment, the NEA will deploy around 20 rat surveillance technologies every month, beginning with marketplaces and hawker centers.
In 2022, Bayer AG announced the launch of its brand-new Research and Innovation Center at Kendall Square in Boston-Cambridge, Massachusetts (USA), further extending the company's presence into one of the most cutting-edge pharmaceutical research and development centers worldwide.

Report Scope

Report Attribute	Details
Market Value in 2022	US$ 2.5 Billion
Market Value in 2032	US$ 1740.09 Million
Growth Rate	CAGR of 8% from 2022 to 2032
Base Year for Estimation	2021
Historical Data	2017 to 2021
Forecast Period	2022 to 2032
Quantitative Units	Revenue in USD Billion and CAGR from 2022 to 2032
Report Coverage	Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
Segments Covered	Component End-User Region
Regions Covered	North America Latin America Europe South Asia East Asia Oceania Middle East & Africa
Key Countries Profiled	USA Canada Brazil Mexico Germany United Kingdom France Spain Italy India Malaysia Singapore Thailand China Japan South Korea Australia New Zealand Israel GCC Countries South Africa
Key Companies Profiled	Ratdar Anticimex Bell Laboratories Inc. Bayer AG Corteva EFOS d.o.o SnapTrap B.V Pelsis Group VM Products Rentokil Initial Plc. Futura GmbH PestWest USA Ratsense Ecolab
Customization	Available Upon Request

Key Segments Profiled in the Smart Pest Monitoring Management System Market Industry Survey

Smart Pest Monitoring Management System Market by Component:

Hardware
Software & Services

Smart Pest Monitoring Management System Market by End-User:

Commercial
Residential
Agriculture
Industrial

Smart Pest Monitoring Management System Market by Region:

North America
Europe
East Asia
South Asia
Oceania
Latin America
Middle East and Africa

Frequently Asked Questions

What is the anticipated growth of the market smart pest monitoring management system until 2032?

FMI projects the global smart pest monitoring management system market to expand at an 8% value CAGR by 2032.

What is the estimated market value of the smart pest monitoring management system market expected in 2022?

The global smart pest monitoring management system market is estimated at a market value of US$ 2.5 Billion.

What is the estimated market value of the smart pest monitoring management system market expected in 2032?

The global smart pest monitoring management system market is expected to garner a market value of US$ 1740.09 Million.

Which region is forecast to be the most lucrative for smart pest monitoring management system market growth?

FMI has projected North America to be one of the key regions for the smart pest monitoring management system market.

Which are some prominent smart pest monitoring management system manufacturers?

Anticimex, Bell Labs, Bayer AG, Corteva, Ecolab, and Rentokil Initial PLC.

Table of Content

1. Executive Summary | Smart Pest Monitoring Management System Market
    1.1. Global Market Outlook
    1.2. Demand-side Trends
    1.3. Supply-side Trends
    1.4. Technology Roadmap Analysis
    1.5. Analysis and Recommendations
2. Market Overview
    2.1. Market Coverage / Taxonomy
    2.2. Market Definition / Scope / Limitations
3. Market Background
    3.1. Market Dynamics
        3.1.1. Drivers
        3.1.2. Restraints
        3.1.3. Opportunity
        3.1.4. Trends
    3.2. Scenario Forecast
        3.2.1. Demand in Optimistic Scenario
        3.2.2. Demand in Likely Scenario
        3.2.3. Demand in Conservative Scenario
    3.3. Opportunity Map Analysis
    3.4. Investment Feasibility Matrix
    3.5. PESTLE and Porter’s Analysis
    3.6. Regulatory Landscape
        3.6.1. By Key Regions
        3.6.2. By Key Countries
    3.7. Regional Parent Market Outlook
4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032
    4.1. Historical Market Size Value (US$ Million) Analysis, 2017 to 2021
    4.2. Current and Future Market Size Value (US$ Million) Projections, 2022 to 2032
        4.2.1. Y-o-Y Growth Trend Analysis
        4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Component
    5.1. Introduction / Key Findings
    5.2. Historical Market Size Value (US$ Million) Analysis By Component, 2017 to 2021
    5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Component, 2022 to 2032
        5.3.1. Hardware
        5.3.2. Software & Services
    5.4. Y-o-Y Growth Trend Analysis By Component, 2017 to 2021
    5.5. Absolute $ Opportunity Analysis By Component, 2022 to 2032
6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End-User
    6.1. Introduction / Key Findings
    6.2. Historical Market Size Value (US$ Million) Analysis By End-User, 2017 to 2021
    6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By End-User, 2022 to 2032
        6.3.1. Commercial
        6.3.2. Residential
        6.3.3. Agriculture
        6.3.4. Industrial
    6.4. Y-o-Y Growth Trend Analysis By End-User, 2017 to 2021
    6.5. Absolute $ Opportunity Analysis By End-User, 2022 to 2032
7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region
    7.1. Introduction
    7.2. Historical Market Size Value (US$ Million) Analysis By Region, 2017 to 2021
    7.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2022 to 2032
        7.3.1. North America
        7.3.2. Latin America
        7.3.3. Europe
        7.3.4. South Asia
        7.3.5. East Asia
        7.3.6. Oceania
        7.3.7. Middle East and Africa(MEA)
    7.4. Market Attractiveness Analysis By Region
8. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
    8.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021
    8.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032
        8.2.1. By Country
            8.2.1.1. USA
            8.2.1.2. Canada
        8.2.2. By Component
        8.2.3. By End-User
    8.3. Market Attractiveness Analysis
        8.3.1. By Country
        8.3.2. By Component
        8.3.3. By End-User
    8.4. Key Takeaways
9. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
    9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021
    9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032
        9.2.1. By Country
            9.2.1.1. Brazil
            9.2.1.2. Mexico
            9.2.1.3. Rest of Latin America
        9.2.2. By Component
        9.2.3. By End-User
    9.3. Market Attractiveness Analysis
        9.3.1. By Country
        9.3.2. By Component
        9.3.3. By End-User
    9.4. Key Takeaways
10. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
    10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021
    10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032
        10.2.1. By Country
            10.2.1.1. Germany
            10.2.1.2. United Kingdom
            10.2.1.3. France
            10.2.1.4. Spain
            10.2.1.5. Italy
            10.2.1.6. Rest of Europe
        10.2.2. By Component
        10.2.3. By End-User
    10.3. Market Attractiveness Analysis
        10.3.1. By Country
        10.3.2. By Component
        10.3.3. By End-User
    10.4. Key Takeaways
11. South Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
    11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021
    11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032
        11.2.1. By Country
            11.2.1.1. India
            11.2.1.2. Malaysia
            11.2.1.3. Singapore
            11.2.1.4. Thailand
            11.2.1.5. Rest of South Asia
        11.2.2. By Component
        11.2.3. By End-User
    11.3. Market Attractiveness Analysis
        11.3.1. By Country
        11.3.2. By Component
        11.3.3. By End-User
    11.4. Key Takeaways
12. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
    12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021
    12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032
        12.2.1. By Country
            12.2.1.1. China
            12.2.1.2. Japan
            12.2.1.3. South Korea
        12.2.2. By Component
        12.2.3. By End-User
    12.3. Market Attractiveness Analysis
        12.3.1. By Country
        12.3.2. By Component
        12.3.3. By End-User
    12.4. Key Takeaways
13. Oceania Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
    13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021
    13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032
        13.2.1. By Country
            13.2.1.1. Australia
            13.2.1.2. New Zealand
        13.2.2. By Component
        13.2.3. By End-User
    13.3. Market Attractiveness Analysis
        13.3.1. By Country
        13.3.2. By Component
        13.3.3. By End-User
    13.4. Key Takeaways
14. MEA Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
    14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021
    14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032
        14.2.1. By Country
            14.2.1.1. GCC Countries
            14.2.1.2. South Africa
            14.2.1.3. Israel
            14.2.1.4. Rest of Middle East and Africa(MEA)
        14.2.2. By Component
        14.2.3. By End-User
    14.3. Market Attractiveness Analysis
        14.3.1. By Country
        14.3.2. By Component
        14.3.3. By End-User
    14.4. Key Takeaways
15. Key Countries Market Analysis
    15.1. USA
        15.1.1. Pricing Analysis
        15.1.2. Market Share Analysis, 2021
            15.1.2.1. By Component
            15.1.2.2. By End-User
    15.2. Canada
        15.2.1. Pricing Analysis
        15.2.2. Market Share Analysis, 2021
            15.2.2.1. By Component
            15.2.2.2. By End-User
    15.3. Brazil
        15.3.1. Pricing Analysis
        15.3.2. Market Share Analysis, 2021
            15.3.2.1. By Component
            15.3.2.2. By End-User
    15.4. Mexico
        15.4.1. Pricing Analysis
        15.4.2. Market Share Analysis, 2021
            15.4.2.1. By Component
            15.4.2.2. By End-User
    15.5. Germany
        15.5.1. Pricing Analysis
        15.5.2. Market Share Analysis, 2021
            15.5.2.1. By Component
            15.5.2.2. By End-User
    15.6. United Kingdom
        15.6.1. Pricing Analysis
        15.6.2. Market Share Analysis, 2021
            15.6.2.1. By Component
            15.6.2.2. By End-User
    15.7. France
        15.7.1. Pricing Analysis
        15.7.2. Market Share Analysis, 2021
            15.7.2.1. By Component
            15.7.2.2. By End-User
    15.8. Spain
        15.8.1. Pricing Analysis
        15.8.2. Market Share Analysis, 2021
            15.8.2.1. By Component
            15.8.2.2. By End-User
    15.9. Italy
        15.9.1. Pricing Analysis
        15.9.2. Market Share Analysis, 2021
            15.9.2.1. By Component
            15.9.2.2. By End-User
    15.10. India
        15.10.1. Pricing Analysis
        15.10.2. Market Share Analysis, 2021
            15.10.2.1. By Component
            15.10.2.2. By End-User
    15.11. Malaysia
        15.11.1. Pricing Analysis
        15.11.2. Market Share Analysis, 2021
            15.11.2.1. By Component
            15.11.2.2. By End-User
    15.12. Singapore
        15.12.1. Pricing Analysis
        15.12.2. Market Share Analysis, 2021
            15.12.2.1. By Component
            15.12.2.2. By End-User
    15.13. Thailand
        15.13.1. Pricing Analysis
        15.13.2. Market Share Analysis, 2021
            15.13.2.1. By Component
            15.13.2.2. By End-User
    15.14. China
        15.14.1. Pricing Analysis
        15.14.2. Market Share Analysis, 2021
            15.14.2.1. By Component
            15.14.2.2. By End-User
    15.15. Japan
        15.15.1. Pricing Analysis
        15.15.2. Market Share Analysis, 2021
            15.15.2.1. By Component
            15.15.2.2. By End-User
    15.16. South Korea
        15.16.1. Pricing Analysis
        15.16.2. Market Share Analysis, 2021
            15.16.2.1. By Component
            15.16.2.2. By End-User
    15.17. Australia
        15.17.1. Pricing Analysis
        15.17.2. Market Share Analysis, 2021
            15.17.2.1. By Component
            15.17.2.2. By End-User
    15.18. New Zealand
        15.18.1. Pricing Analysis
        15.18.2. Market Share Analysis, 2021
            15.18.2.1. By Component
            15.18.2.2. By End-User
    15.19. GCC Countries
        15.19.1. Pricing Analysis
        15.19.2. Market Share Analysis, 2021
            15.19.2.1. By Component
            15.19.2.2. By End-User
    15.20. South Africa
        15.20.1. Pricing Analysis
        15.20.2. Market Share Analysis, 2021
            15.20.2.1. By Component
            15.20.2.2. By End-User
    15.21. Israel
        15.21.1. Pricing Analysis
        15.21.2. Market Share Analysis, 2021
            15.21.2.1. By Component
            15.21.2.2. By End-User
16. Market Structure Analysis
    16.1. Competition Dashboard
    16.2. Competition Benchmarking
    16.3. Market Share Analysis of Top Players
        16.3.1. By Regional
        16.3.2. By Component
        16.3.3. By End-User
17. Competition Analysis
    17.1. Competition Deep Dive
        17.1.1. Ratdar
            17.1.1.1. Overview
            17.1.1.2. Product Portfolio
            17.1.1.3. Profitability by Market Segments
            17.1.1.4. Sales Footprint
            17.1.1.5. Strategy Overview
                17.1.1.5.1. Marketing Strategy
        17.1.2. Anticimex
            17.1.2.1. Overview
            17.1.2.2. Product Portfolio
            17.1.2.3. Profitability by Market Segments
            17.1.2.4. Sales Footprint
            17.1.2.5. Strategy Overview
                17.1.2.5.1. Marketing Strategy
        17.1.3. Bell Laboratories, Inc.
            17.1.3.1. Overview
            17.1.3.2. Product Portfolio
            17.1.3.3. Profitability by Market Segments
            17.1.3.4. Sales Footprint
            17.1.3.5. Strategy Overview
                17.1.3.5.1. Marketing Strategy
        17.1.4. Bayer AG
            17.1.4.1. Overview
            17.1.4.2. Product Portfolio
            17.1.4.3. Profitability by Market Segments
            17.1.4.4. Sales Footprint
            17.1.4.5. Strategy Overview
                17.1.4.5.1. Marketing Strategy
        17.1.5. Corteva
            17.1.5.1. Overview
            17.1.5.2. Product Portfolio
            17.1.5.3. Profitability by Market Segments
            17.1.5.4. Sales Footprint
            17.1.5.5. Strategy Overview
                17.1.5.5.1. Marketing Strategy
        17.1.6. EFOS d.o.o
            17.1.6.1. Overview
            17.1.6.2. Product Portfolio
            17.1.6.3. Profitability by Market Segments
            17.1.6.4. Sales Footprint
            17.1.6.5. Strategy Overview
                17.1.6.5.1. Marketing Strategy
        17.1.7. SnapTrap B.V.
            17.1.7.1. Overview
            17.1.7.2. Product Portfolio
            17.1.7.3. Profitability by Market Segments
            17.1.7.4. Sales Footprint
            17.1.7.5. Strategy Overview
                17.1.7.5.1. Marketing Strategy
        17.1.8. Pelsis Group Ltd
            17.1.8.1. Overview
            17.1.8.2. Product Portfolio
            17.1.8.3. Profitability by Market Segments
            17.1.8.4. Sales Footprint
            17.1.8.5. Strategy Overview
                17.1.8.5.1. Marketing Strategy
        17.1.9. VM Products
            17.1.9.1. Overview
            17.1.9.2. Product Portfolio
            17.1.9.3. Profitability by Market Segments
            17.1.9.4. Sales Footprint
            17.1.9.5. Strategy Overview
                17.1.9.5.1. Marketing Strategy
        17.1.10. Rentokil Initial Plc
            17.1.10.1. Overview
            17.1.10.2. Product Portfolio
            17.1.10.3. Profitability by Market Segments
            17.1.10.4. Sales Footprint
            17.1.10.5. Strategy Overview
                17.1.10.5.1. Marketing Strategy
        17.1.11. Futura GmbH
            17.1.11.1. Overview
            17.1.11.2. Product Portfolio
            17.1.11.3. Profitability by Market Segments
            17.1.11.4. Sales Footprint
            17.1.11.5. Strategy Overview
                17.1.11.5.1. Marketing Strategy
        17.1.12. PestWest USA
            17.1.12.1. Overview
            17.1.12.2. Product Portfolio
            17.1.12.3. Profitability by Market Segments
            17.1.12.4. Sales Footprint
            17.1.12.5. Strategy Overview
                17.1.12.5.1. Marketing Strategy
        17.1.13. Ratsense
            17.1.13.1. Overview
            17.1.13.2. Product Portfolio
            17.1.13.3. Profitability by Market Segments
            17.1.13.4. Sales Footprint
            17.1.13.5. Strategy Overview
                17.1.13.5.1. Marketing Strategy
        17.1.14. Ecolab
            17.1.14.1. Overview
            17.1.14.2. Product Portfolio
            17.1.14.3. Profitability by Market Segments
            17.1.14.4. Sales Footprint
            17.1.14.5. Strategy Overview
                17.1.14.5.1. Marketing Strategy
18. Assumptions & Acronyms Used
19. Research Methodology

Smart Pest Monitoring Management System Market

Smart Pest Monitoring Management System Market by Component, End-User & Region | Forecast 2022 to 2032