Industry Background:
Pet cameras are smart gadgets specially designed for pet owners for monitoring their home alone pets. It can dispense treats and allow one to interact with their pets using voice and video chat with them. The pet cameras are available with zooming, wide-angle lenses, motion and sound notifications, two-way communications, cloud-based features and many others for proper safety and security. They help in addressing the pets' behaviour or common issues like separation anxiety and other problems. The demand for pet cameras among working-class people in developing countries is growing. However, problems with network connectivity and high-cost availability of pet cameras might be the market hindrance.
This growth is primarily driven by Rising Number of Cynophilist (Pet Lovers) Across the Developing Countries and Increasing Demand from Working-Class People to Monitor Pet at Home.
Globally, a noticeable market trend is evident Surging Use of Cloud-Based Pet Cameras
. Major Players, such as Motorola, Inc. (United States), Pawbo Inc. (Taiwan), Guardzilla (United States), Petcube (United States), Ezviz Inc. (United States), Blink Home (United States), Arlo Technologies (United States), Zmodo Technology Corporation, Ltd. (China), Vimtag LLC (United States), Wagz, Inc. (Petzi) (United States and Tomofun (Furbo) (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
On 15th July 2019, Petcube announced the launch of Petcube Bites 2 and Petcube Play 2. These new smart cameras are designed to be the assistant for working pet parents. It allows one to watch, talk and play with their pets without actually being there, constant monitoring and sends smart notifications about the pets' activities. It comes with built-in Alexa and 180º lens that allows users to play music, get news updates and Alexa's more than 80000 skills. Voice assistant functionality is optional, and every user decides whether they’d like to enable it.
Market Drivers
- Rising Number of Cynophilist (Pet Lovers) Across the Developing Countries
- Increasing Demand from Working-Class People to Monitor Pet at Home
Market Trend
- Surging Use of Cloud-Based Pet Cameras
- The Emergence of Innovative and Thoughtful Designed Pet Cameras
Restraints
- High Cost of Pet Camera Might be the Market Hindrance
- Problems Associated with Network Connectivity
Opportunities
Technological Advancements in Pet Cameras and Growing eCommerce Platform will Boost the Pet Camera Market
Challenges
Delayed Motion Detector of Pet Cameras Might Affect the Market
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Pet Camera Study Sheds Light on
The Pet Camera Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Pet Camera industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Pet Camera industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.