Global Pet Monitoring Cameras Market, Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Forecast to 2029
“Global Pet Monitoring Cameras Market” is the title of a report recently produced by MarketResearch.biz, after a thorough analysis and study. In the report, different scenarios and aspects are considered along with future and current scenarios. The global pet monitoring cameras market report has been segmented on the basis of product, distribution channel, and region.
Pet monitoring cameras are used to get connected to pets while owners are out leaving pets alone at home. In order to monitor and observe pets from anywhere, technologically advanced pet monitoring cameras have facilities such as 24/7 video streaming on smartphones. Using these pet monitoring cameras, pet owners can watch, hear, and talk to pets from anywhere at any time. In addition, pet cameras have treat dispenser, which helps feed pets, especially dogs, special treats on command. There are also facilities in these cameras such as motion sensing that alerts owners by notification, when dogs bark, jump or bite excessively. Pet monitoring cameras allow owners to save their dogs and other pets by keeping an eye on them all day long. These cameras also make life of pets more comfortable and happy as they get 24/7 protection and care from owners even when they are out of home.
The major factor driving demand for pet monitoring cameras in the global market is growing pet ownerships. In addition, increasing spending on monitoring devices and other pet accessories owing to increasing purchasing power of modern consumers have been driving growth of the global pet monitoring cameras market. Due to very busy work schedule, taking care of their beloved companion animals is very stressful for today’s working population. Owing to this fact, pets are at risk of suffering from loneliness and depression when they are left alone at home. Attributed to this, demand for pet monitoring cameras have been increasing in the global market. Consumers purchase it to have an eye on their beloved pets when they are out of home for work or for other purposes. Various use of these cameras such as interacting, monitoring, training, entertaining, and treating pets is expected to increase demand for pet monitoring cameras in the global market over the forecast period. In regions including Europe and North America, pet monitoring cameras have been gaining significant traction owing to increasing purchasing power. Increasing concerns on safety of beloved pets and growing trend of adopting pets are expected to drive growth of the global pet monitoring cameras market over the forecast period. In addition, continuous increase in the number of pet owners, especially millennial pet owners, and increasing adoption of various advanced technologies are expected to further drive growth of the global pet monitoring cameras market over the forecast period.
Global Pet Monitoring Cameras Market Analysis:
By Product: Among the product segments, the one-way video functionality segment accounts for highest revenue share currently, and is expected to continue its dominance over the forecast period. This is attributed to its features such as sound and video recording and live streaming of HD video. In addition, recently added innovative functions such as laser dot chase game, automatic treat dispenser, sound and motion detection capabilities, customizable built-in ringtone, snapshots capturing, and temperature monitoring are attributed to growth of this segment.
By Distribution Channel: Among the distribution channel segments, the offline segment accounts for highest revenue share currently, and is expected to continue to do so during the forecast period. This high revenue share is attributed to increasing penetration of supermarkets and hypermarkets.
Global Pet Monitoring Cameras Market Regional Analysis:
Among the regions, the North America pet monitoring cameras market accounts for dominant revenue share in the global market and this is expected to continue during the next five years. This dominance is attributed to growing number of millennial pet owners and increasing spending on pet accessories in the region.
Global Pet Monitoring Cameras Market Segmentation:
- One-way Video Functionality
- Two-way Video Functionality
By Distribution Channel:
- North America
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- PetSmart Inc.
- Petco Animal Supplies, Inc.
- Target Brands, Inc.
- eBay Inc.
- Costco Wholesale Corporation
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