The smart pest monitoring management system market in South America is expected to grow from US$ 37.29 million in 2022 to US$ 46.34 million by 2028; it is estimated to grow at a CAGR of 3.7% from 2022 to 2028.
Several Government Regulations for Implementation of Smart PEST Monitoring Management Systems
The application of PEST across different industries is one of the risky processes. The industries are focusing robustly on adopting preventive measures while using chemical pesticides. Due to the risky application environment, governments across different countries are announcing various regulations for the Implementation of smart pest monitoring management systems across different industries. For instance, in 2016, The Exterminators Law was issued for the licensing of businesses, specifically for non-agricultural exterminations. Under this regulation, the user must pass a Ministry of Environmental Protection (MoEP) licensing exam to carry out pest control work in the industry. The law sets four types of licenses – structures and open spaces license, domestic license, military license, and fumigation license. Thus, such laws and regulations imposed by the governments are driving the smart pest monitoring management system market.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the South America smart pest monitoring management system market. The South America smart pest monitoring management system market is expected to grow at a good CAGR during the forecast period.
South AmericaSmart Pest Monitoring Management System Market Revenue and Forecast to 2028 (US$ Million)
South America Smart Pest Monitoring Management System Market Segmentation
South America smart pest monitoring management system market is segmented into component, end user, and country.
Based on component, the smart pest monitoring management system market is bifurcated into hardware and software & services. The hardware segment held a larger share in 2022.
By end-user, the smart pest monitoring management system market analysis is segmented into commercial, residential, agriculture, and industrial. Commercial segment held a larger share in 2022.
Based on country, the South America smart pest monitoring management system market is segmented into Brazil, Argentina, and the Rest of South America. Brazil held the largest market share in 2022.
Bayer AG; Bell Laboratories, Inc.; Corteva; Ecolab; EFOS d.o.o; Futura GmbH; Pelsis Group Ltd; PestWest USA; Rentokil Initial Plc; SnapTrap B.V.; and VM Products are among the leading companies in the smart pest monitoring management system market in the region.
South America Smart Pest Monitoring Management System Market Strategic Insights
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South America Smart Pest Monitoring Management System Market Segmentation Analysis
South America Smart Pest Monitoring Management System Market Report Highlights
South America Smart Pest Monitoring Management System Report Scope
Report Attribute
Details
Market size in 2022
US$ 37.29 Million
Market Size by 2028
US$ 46.34 Million
CAGR (2022 - 2028)
3.7%
Historical Data
2020-2021
Forecast period
2023-2028
Segments Covered
By Component
Hardware and Software and Services
By End-User
Commercial
Residential
Agriculture
Industrial
Regions and Countries Covered
South and Central America
Brazil
Argentina
Rest of South and Central America
Market leaders and key company profiles
Bayer AG
Bell Laboratories, Inc.
Corteva
Ecolab
EFOS d.o.o
Futura GmbH
Pelsis Group Ltd
PestWest USA
Rentokil Initial Plc
SnapTrap B.V.
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South America Smart Pest Monitoring Management System Market Country and Regional Insights
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Identical Market Reports with other Region/Countries
The List of Companies - South America Smart Pest Monitoring Management System Market
Bayer AG
Bell Laboratories, Inc.
Corteva
Ecolab
EFOS d.o.o
Futura GmbH
Pelsis Group Ltd
PestWest USA
Rentokil Initial Plc
SnapTrap B.V.
VM Products
Frequently Asked Questions
How big is the South America Smart Pest Monitoring Management System Market?
The South America Smart Pest Monitoring Management System Market is valued at US$ 37.29 Million in 2022, it is projected to reach US$ 46.34 Million by 2028.
What is the CAGR for South America Smart Pest Monitoring Management System Market by (2022 - 2028)?
As per our report South America Smart Pest Monitoring Management System Market, the market size is valued at US$ 37.29 Million in 2022, projecting it to reach US$ 46.34 Million by 2028. This translates to a CAGR of approximately 3.7% during the forecast period.
What segments are covered in this report?
The South America Smart Pest Monitoring Management System Market report typically cover these key segments-
What is the historic period, base year, and forecast period taken for South America Smart Pest Monitoring Management System Market?
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South America Smart Pest Monitoring Management System Market report:
Historic Period : 2020-2021
Base Year : 2022
Forecast Period : 2023-2028
Who are the major players in South America Smart Pest Monitoring Management System Market?
The South America Smart Pest Monitoring Management System Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
Bayer AG
Bell Laboratories, Inc.
Corteva
Ecolab
EFOS d.o.o
Futura GmbH
Pelsis Group Ltd
PestWest USA
Rentokil Initial Plc
SnapTrap B.V.
VM Products
Who should buy this report?
The South America Smart Pest Monitoring Management System Market report is valuable for diverse stakeholders, including:
Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.
Essentially, anyone involved in or considering involvement in the South America Smart Pest Monitoring Management System Market value chain can benefit from the information contained in a comprehensive market report.
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