The article cited AMA's Global Smart Connected Pet Collar Market Study explored substantial growth with CAGR of %. According the report, Growing Trend of connected Devices is one of the primary growth factors for the market. Rising Demand from Working Individuals for Pet Monitoring
is also expected to contribute significantly to the Smart Connected Pet Collar market. Overall, Dogs
applications of Smart Connected Pet Collar, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as LINK AKC (United States), PetPace (Canada), Scollar(United States), Wagz(United States), Whistle Labs(United States), FitBark(United States), KYON (Switzerland), Radio Systems(United States), RAWR(United States) and WÜF(United States) may see astonishing sales in this Market and certainly improve revenue growth.
The Components, such as Displays, is boosting the Smart Connected Pet Collar market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Distribution Channel, such as Online, is boosting the Smart Connected Pet Collar market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Smart Connected Pet Collar market identified that the demand is rising in many different parts of the world as "Technological Advancements
". Furthermore, some recent industry insights like "August 2021 – Wagz® Inc., a connected pet lifestyle company that offers innovative, humane smart dog products, introduces the Wagz Freedom Smart Dog Collar, Launch Edition." is constantly making the industry dynamic. One of the challenges that industry facing is "Several Players in the Market"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of Smart Connected Pet Collar market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of Smart Connected Pet Collar market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the Smart Connected Pet Collar market tight? Which application/end-user category or Product Type [GPS Based, Radio Based and Others] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Smart Connected Pet Collar market and other related sub-markets covered in the study.
o Key & emerging players in the Smart Connected Pet Collar market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Smart Connected Pet Collar market size is calculated using market estimation process, the Smart Connected Pet Collar market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Smart Connected Pet Collar market size has been validated using both top-down and bottom-up approaches.