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Pet Monitoring Camera Market To Gain Substantial Growth Wroth $250.1 Million By 2025 Due To Rising Number of Pet Adoption And High Usage of Advanced Technology To Ensure Pet Safety | Million Insights

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Pet Monitoring Camera Market To Gain Substantial Growth Wroth $250.1 Million By 2025 Due To Rising Number of Pet Adoption And High Usage of Advanced Technology To Ensure Pet Safety | Million Insights

April 12
07:56 2021
Pet Monitoring Camera Market To Gain Substantial Growth Wroth $250.1 Million By 2025 Due To Rising Number of Pet Adoption And High Usage of Advanced Technology To Ensure Pet Safety | Million Insights

Million Insights – World’s Fastest Growing Market Research Database
According to new report available with Million Insights, the global pet monitoring cameras industry offers in-depth assessment of the growth, size, competitive landscape and other aspects in different geographical regions. Furthermore, it sheds light on the market contribution, recent developments and successful marketing strategies of leading companies.

The global Pet Monitoring Camera Market size is projected to touch USD 250.1 million by 2025, according to a new report by Million Insights. It is anticipated to grow at a CAGR of 26% through the forecast period of 2019 to 2025. The rising number of pet adoption, especially in the millennial population, has been propelling the product demand. Moreover, the increasing rate of adoption of advanced technology among consumers to ensure pet safety and wellbeing is anticipated to increase the spending on advanced monitoring devices for pets.

The one-way video functionality segment led the market with over 85% share in the global revenue. Consumers have been attracted to the unique and innovative features of these products over the past few years. Additional features including laser dot chase game, automatic treat dispenser, customizable built-in ringtone, temperature monitoring, snapshots capturing and motion, and sound detection capabilities have further propelled the demand for the product. Moreover, two-way voice communication has made these devices more interactive and attracted a larger consumer base.

To download the sample PDF of “Pet Monitoring Camera Market Report” please click here: https://www.millioninsights.com/industry-reports/global-pet-monitoring-camera-market/request-sample

U.S. pet monitoring camera market

The online channel of distribution is anticipated to grow at a CAGR of 28% over the forecast period. The increasing popularity of e-commerce among consumers owing to comfort associated with shopping is projected to boost the growth of the segment in the upcoming years. Pet Smart Inc.; Amazon; Walmart; eBay Inc.; Costco Wholesale Corporation and Target Brands, Inc.; are some of the major e-commerce retailers present in the industry.

Asia Pacific is anticipated to grow at a steady CAGR of 27.2% over the forecast period. The increase in the number of adoption of pets in countries like India, Japan, Australia and China makes them prominent markets of this region. Additionally, the rising number of the millennial population in developing countries like India and China is projected to open new opportunities in the upcoming years.

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

To browse report summary & detailed TOC, please click the link below:
https://www.millioninsights.com/industry-reports/global-pet-monitoring-camera-market

Global pet monitoring camera market

Further key findings from the report suggest:

• Increasing demand for visual interactive monitoring devices is projected to propel the two-way video functionality segment to grow at the fastest CAGR over the forecast period

• Asia Pacific is anticipated to grow at the fastest CAGR of 27.2% over the forecast period

• One-way video functionality dominated the market with over 80% share in 2018.

• North America dominated the regional market due to increasing number of pet owners and increasing spending on pet monitoring devices in U.S.

• Online channel of distribution is anticipated to grow at a CAGR of 28.1% over the forecast period

Million Insights has segmented the global pet monitoring camera market on the basis of product, distribution channel, and region:

Pet Monitoring Camera Product Outlook (Revenue, USD Million, 2015 – 2025)
    • One-way Video Functionality
    • Two-way Video Functionality

Pet Monitoring Camera Distribution Channel Outlook (Revenue, USD Million, 2015 – 2025)
    • Offline
    • Online

Pet Monitoring Camera Regional Outlook (Revenue, USD Million, 2015 – 2025)
    • North America
        • U.S.
    • Europe
        • Germany
        • U.K.
    • Asia Pacific
        • China
        • India
    • Central & South America
        • Brazil
    • Middle East & Africa
        • South Africa

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About Million Insights

Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

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