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Pet Monitoring Camera Market 2019 Business Growing Strategies, Competitive Dynamics, Industry Segmentation and Forecast to 2025 | Grand View Research, Inc.

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Pet Monitoring Camera Market 2019 Business Growing Strategies, Competitive Dynamics, Industry Segmentation and Forecast to 2025 | Grand View Research, Inc.

September 03
07:22 2021
Pet Monitoring Camera Market 2019 Business Growing Strategies, Competitive Dynamics, Industry Segmentation and Forecast to 2025 | Grand View Research, Inc.
“Grand View Research, Inc. – Market Research And Consulting.”
According to a new report published by Grand View Research, rising spending on pet accessories and monitoring devices supported by the increased purchasing power of consumers has been fueling the growth of the market.

The global pet monitoring camera market size is expected to reach USD 250.1 million by 2025, according to a new report by Grand View Research, Inc. The market is projected to expand at a CAGR of 26.0% during the forecast period. Continuous surge in pet ownership among millennial population has been driving the growth. Furthermore, the rapid adoption of the latest technology among consumers is expected to increasing spending on advanced monitoring products for pets.

The one-way video functionality accounted for more than 85% of the market share in terms of revenue. Over the past few years, the consumers have been attracted to the innovative features of these products. Manufacturers have added features, including laser dot chase game, automatic treat dispenser, motion and sound detection, and built-in ringtone, to their monitoring devices. Furthermore, two-way voice communication has made these devices more interactive.

Online distribution channel is expected to witness a steady CAGR of over 28% from 2019 to 2025. Rising popularity of e-commerce among consumers due to the convenience of shopping is expected to boost the segment in near future. Major online retailers include Amazon; PetSmart Inc.; Walmart; Target Brands, Inc.; eBay Inc.; and Petco Animal Supplies, Inc.

Asia Pacific is expected to register the fastest CAGR of 27.2% from 2019 to 2025. Prominent markets of this region include China, Japan, Australia, and India. Over the past few years, increased number of pets in the aforementioned countries has been witnessed. For instance, According to the Japan Pet Food Association, the number of domestic cats has increased by 123,000 to more than 9 million from 2017 to 2018. Additionally, high number of millennial population in developing economies including China and India is expected to open new avenues over the next few years.

Key competitors in the pet monitoring camera market include Guardzilla; Wagz, Inc.; Tomofun (Furbo Dog Camera); Motorola, Inc.; Petcube, Inc.; Zmodo; Acer Inc. (Pawbo Inc.); Anser Innovation LLC (PetChatz); Hangzhou Hikvision Digital Technology Co., Ltd. (Ezviz Inc.); and Vimtag Technology Co., Ltd.

Browse full report with Table of Content @ https://www.grandviewresearch.com/industry-analysis/pet-monitoring-camera-market

Pet Monitoring Camera Market Report Highlights

 Two-way video functionality product segment is expected to expand at the fastest CAGR due to the growing demand for visual interactive monitoring devices

 Asia Pacific is expected to witness the fastest CAGR of more than 27.2% from 2019 to 2025

 One-way video functionality segment held the largest market share of over 80% in 2018

 North America led the global pet monitoring camera market owing to the large number pet ownership and rising spending on pet monitoring devices in U.S.

 Online distribution channel is expected to register the fastest CAGR of over 28.1% from 2019 to 2025

For Requesting a Sample Copy of This Report, Please Visit @ https://www.grandviewresearch.com/industry-analysis/pet-monitoring-camera-market/request/rs1

Pet Monitoring Camera Market Segmentation

Grand View Research has segmented the global pet monitoring camera market on the basis of product, distribution channel, and region:

Pet Monitoring Camera Product Outlook (Revenue, USD’000, 2015 – 2025)

     One-way Video Functionality
    Two-way Video Functionality

Pet Monitoring Camera Distribution Channel Outlook (Revenue, USD’000, 2015 – 2025)

     Offline
    Online

Pet Monitoring Camera Region Outlook (Revenue, USD’000, 2015 – 2025)                     

     North America
        • U.S.
     Europe
        • Germany
        • U.K.
     Asia Pacific
        • China
        • Japan 
    • Central & South America
        • Brazil
     Middle East & Africa
        • South Africa

Inquire more or share questions if any before the purchase on this report @ https://www.grandviewresearch.com/inquiry/6364/ibb

Browse More Related Report:

Pet Wearable Market Size, Share & Trends Analysis Report By Technology (RFID, GPS, Sensors), By Application (Identification & Tracking, Medical Diagnosis & Treatment), By Region, And Segment Forecasts, 2020 – 2027

About Grand View Research

Grand View Research is a market research and consulting company registered in the State of California having its headquarters in San Francisco. The company offers syndicated research reports, customized research reports, and consulting services. With Grand View Research, you get an opportunity to understand market trends, insights, and business statistics from a strategic standpoint. With a deep-seated understanding of many business environments, Grand View Research offers business and market intelligence studies and accomplishes more than 300 multi-country market studies.

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
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Phone: 1888202951
Address:Grand View Research, Inc. 201 Spear Street 1100 San Francisco, CA 94105, United States
City: San Francisco
State: California
Country: United States
Website: https://www.grandviewresearch.com/industry-analysis/pet-monitoring-camera-market