pet camera market size is expected to reach USD 525.8 million by 2028 at a CAGR of 23.4%, according to a new report by Emergen Research. Major factors accounting for the global pet camera market revenue growth are increasing adoption of pets and companion animals, growing need among the working population to monitor pets remotely, increasing expenditure on pet care and monitoring devices, and rising disposable incomes of individuals. Rising concerns about safety and comfort of pets, increasing installation of home security cameras, and technological advances in pet camera designs, features, and functionalities are among the other key factors driving growth of the global market revenue.
Subject matter experts conducting the study also take a closer look at the products at their development stage and in the pipeline to help business owners conclude on the business strategies that can lower their cost and promise great returns or profits. Strong emphasis on new launches, acquisition and mergers, collaboration, import and export status and supply chain management empowers the business evangelists, manufacturers and business owners build a robust strategy when it comes to making an investment.
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Pet cameras are gaining significant popularity among the working population, who constantly need to keep a check on their pets from their workplaces. Increasing risks of mental illnesses such as depression, anxiety, phobias, and dementia in pet animals due to loneliness and inactivity when left alone at home are among the key reasons most people are investing in pet cameras nowadays. However, certain factors are expected to lower demand for these cameras in the near future, and therefore, restrict the global pet camera market growth. Some of these factors are increasing prices of pet monitoring cameras and high maintenance & repair costs associated with these.
The competitive landscape section of the report talks about the recent advancements in the R&D and technologies undertaken by the prominent players, along with their strategic business expansion plans, product launches, and brand promotions. The report pays special attention to the strategic alliances such as mergers and acquisitions, joint ventures, collaborations, agreements, corporate and government deals, and others adopted by the prominent players of the industry to expand their market presence and gain a substantial market position.
Based on the competitive landscape, the market report analyzes the key companies operating in the industry: Guardzilla, Motorola Inc., Google LLC, Amazon Inc., Wagz Inc., Petcube Inc., PetChatz LLC, Ezviz Inc., Furbo, Acer Inc. (Pawbo Inc.), Zmodo Technology Corporation Ltd., and Vimtag LLC
The global Pet Camera market report covers the analysis of drivers, trends, limitations, restraints, and challenges arising in the Pet Camera market. The report also discusses the impact of various other market factors affecting the growth of the market across various segments and regions. The report segments the market on the basis of types, applications, and regions to impart a better understanding of the Pet Camera market.
For the purpose of this report, the global pet camera market is segmented on the basis of product type, application, end-use, distribution channel, and region:
Product Type Outlook (Revenue, USD Million; 2018-2028)
One-way Video Functionality
Two-way Video Functionality
Application Outlook (Revenue, USD Million; 2018-2028)
End-use Outlook (Revenue, USD Million; 2018-2028)
Distribution Channel Outlook (Revenue, USD Million; 2018-2028)
Offline Distribution Channels
Online Distribution Channels
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The research study also offers insights into various regulatory frameworks and evaluates the growth of the industry in each key region of the world. The report also provides an assessment of the micro and macro-economic factors influencing the growth of the market in the mentioned regions. The global Pet Camera market is segmented into the following based on the key regions of the world:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
The all-inclusive report on the Global Pet Camera Market added by Emergen Research demonstrates that the global Pet Camera market is presumed to grow at a steady CAGR throughout the forecast timeline. The report analyzed the key market drivers, restraints, growth opportunities, investment opportunities, threats, and limitations of the Pet Camera market. The report also offers accurate forecast estimation at a global and regional level to impart a better understanding of the scope of the market.
Summary of the Global Pet Camera Report:
Comprehensive analysis of the market including risks and opportunities
Details of business strategies and plans undertaken by key market players
Analysis of current and future trends that will affect the growth of the market in the forecast timeline
In-depth analysis of drivers and constraints for better understanding of the market
The report encompasses a detailed forecast for the years 2021-2028.
The report provides valuable insights on key market growth driving trends and monetary competence in the forecast timeline.
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