The analysts forecast global pet monitoring camera market to grow at a CAGR of 26.09% during the period 2017-2021. One trend in the market is introduction of technologically-enhanced products.
Technological advances in pet monitoring cameras are one of the major trends in the market.
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The most prominent technological innovation in this market is the introduction of multi-functional pet monitor cameras, which not only monitor pets and their actions, but also alert users on when their pets need to be fed, according to the preferred schedule of the owners.
According to the pet monitoring camera market report, one driver in the market is increased number of pet ownerships. Pet ownership across the globe is increasing rapidly.
This rising adoption of pets is mainly fueled by the millennial population across the globe. This is due to the rise in per capita disposable income, growing awareness of the uses of pet accessories, and monitoring products.
The sales of pet monitor and surveillance accessories such as trackers and cameras boost the market. This is because these devices allow pet owners a watch over their pets from remote locations.
They also let them interact with their pets through these smart-connected devices.
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Further, the pet monitoring camera market report states that one challenge in the market is reluctance of pet owners to buy high-priced products. Keeping a proper monitor on pets for their safety and needs is the major concern among pet owners.
The devices that have all these features are multi-featured pet monitor cameras, which are significantly costly. Apart from the cost of the device, there are other associated costs such as cloud connectivity devices and other installation charges, which add up to be extra operational costs for pet owners.
Hence, these factors serve as challenges for the adoption of pet monitor cameras, especially in underdeveloped and developing countries. This is because the majority of the population in these countries come under the middle or low-income group.
Key players in the global pet monitoring camera market: Guardzilla, Guardzilla, Petzila, PetChatz, Ezviz, Petcube, Furbo, Pawbo, Blink Home, Zmodo and Vimtag
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Few Points from List of Exhibits:
Exhibit 1: Global Pet Monitor Camera Market
Exhibit 2: Global Pet Monitor Camera Market 2017-2021 ($ Millions)
Exhibit 3: Five Forces Analysis
Exhibit 4: Application Market Size & Forecast
Exhibit 5: Comparison By Application
Exhibit 6: Entertainment Market Size & Forecast
Exhibit 7: Entertainment Year Over Year Growth
Exhibit 8: Pet Security Market Size & Forecast
Exhibit 9: Pet Security Year Over Year Growth
Exhibit 10: Distribution Channel Market Size & Forecast
Exhibit 11: Comparison By Distribution Channel
Exhibit 12: Online Market Size & Forecast
Exhibit 13: Online Year Over Year Growth
Exhibit 14: Offline Market Size & Forecast
Exhibit 15: Offline Year Over Year Growth
Exhibit 16: Global Market Size & Forecast
Exhibit 17: Regional Comparison
Exhibit 18: Americas Market Size & Forecast
Exhibit 19: Americas Year Over Year Growth
Exhibit 20: Top 3 Countries In Americas