Global Pet Monitoring Camera Market Overview:
Pet monitoring camera refers to is a video camera that records pet’s activities. Pet monitoring camera market has high growth prospects owing to the rise in the number of pet ownership, changing lifestyle standard fueled by rise in disposable income, and increasing concerns regarding pet wellbeing. Further, technological advancement in pet monitoring cameras such as Wi-Fi and cloud-based cameras for real-time monitoring. For instance, VAVA launched a mobile pet camera to help pet owners remotely monitor, their pets. In addition growing popularity of pet monitoring cameras among millennial pet owners expected to drive the demand for pet monitoring cameras over the forecasted period.
Growth Drivers
- Increasing Number of Pet Ownerships
- Rising Concern over the Well-Being of Pets among Pet Owners
Market Trends
- Emphasizing On Development of Technologically Enhanced Products for Real Time Monitoring
Roadblocks
- High Price Associated With Pet Monitoring Cameras
- Low Adoption Rate in the Emerging Economies
Opportunities
- Rising Demand for Pet Monitoring Cameras in the Millennial Pet Owners
- Increasing Demand from the Developing Economies
Challenges
- The unwillingness of Pet Owners to Buy Owing To High Price of Products
Competitive Landscape:
Some of the key players profiled in the report are Petcube (United States), Furbo (Taiwan), Pawbo (Taiwan), Motorola (United States), Wagz, Inc. (United States), Vimtag (United States), Cleverdog (China) and Hive (United Kingdom). Additionally, following companies can also be profiled that are part of our coverage like GoPro (United States) and Zmodo (China). Analyst at AMA Research see United States Vendors to retain maximum share of Global Pet Monitoring Camera market by 2026. Considering Market by End-User, the sub-segment i.e. Pet Parents will boost the Pet Monitoring Camera market.
Latest Market Insights:
July 2018, Petcube engaged in designing and developing hardware and software products for pet collaborated with Cesar Millan, a Dog Behaviorist to enhance their product portfolio.
7th January 2019, Petcube upgrades its pet cameras range with built-in Alexa which let people monitor, talk to and interact with their dogs and cats.
What Can be Explored with the Pet Monitoring Camera Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Pet Monitoring Camera Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Pet Monitoring Camera
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Pet Monitoring Camera market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Pet Monitoring Camera market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Pet Monitoring Camera Manufacturers, Pet Monitoring Camera Distributors, Technology Providers, Government and Other Regulatory Bodies, Technology Investors, Research Institutes and Organizations and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.