Pet Monitoring Camera Market 26.09% CAGR by 2021 | ReportsnReports
PUNE, India, December 12, 2017 /PRNewswire/ --
Pet Monitoring Camera market analyst says one trend in the market is introduction of technologically-enhanced products. Technological advances in pet monitoring cameras are one of the major trends in the market. The most prominent technological innovation in this market is the introduction of multi-functional pet monitor cameras, which not only monitor pets and their actions, but also alert users on when their pets need to be fed, according to the preferred schedule of the owners.
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The analysts forecast global pet monitoring camera market to grow at a CAGR of 26.09% during the period 2017-2021. The global pet monitor camera market is majorly driven by the growth in the pet accessories market. Shifting consumer lifestyle, rising urbanization, increasing working population leading to rising necessity for monitoring pets from the workplace, improved IT infrastructure allowing best monitoring and interacting experiences, rising number of dual-income households are some of the factors contributing to the growth of pet monitor market across the globe. Moreover, increasing digital channel initiatives and social media promotions, and improved distribution channel, easy Internet access increase awareness and availability of pet monitoring devices through online vendors.
Key players in the global pet monitoring camera market are Guardzilla, Motorola, Petzila, and PetChatz. Other Prominent Vendors in the market are: Ezviz, Petcube, Furbo, Pawbo, Blink Home, Zmodo, and Vimtag. According to the report, one driver in the market is increased number of pet ownerships. Pet ownership across the globe is increasing rapidly. This rising adoption of pets is mainly fueled by the millennial population across the globe. This is due to the rise in per capita disposable income, growing awareness of the uses of pet accessories, and monitoring products. The sales of pet monitor and surveillance accessories such as trackers and cameras boost the market. This is because these devices allow pet owners a watch over their pets from remote locations. They also let them interact with their pets through these smart-connected devices.
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Further, the Pet Monitoring Camera market report states that one challenge in the market is reluctance of pet owners to buy high-priced products. Keeping a proper monitor on pets for their safety and needs is the major concern among pet owners. The devices that have all these features are multi-featured pet monitor cameras, which are significantly costly. Apart from the cost of the device, there are other associated costs such as cloud connectivity devices and other installation charges, which add up to be extra operational costs for pet owners. Hence, these factors serve as challenges for the adoption of pet monitor cameras, especially in underdeveloped and developing countries. This is because the majority of the population in these countries come under the middle or low-income group.
Another related report is Global Automatic and Smart Pet Feeder Market 2017-2021, the analysts forecast global automatic and smart pet feeder market to grow at a CAGR of 30.92% during the period 2017-2021. Key players are Feed and Go, Jempet, Petnet, and Radio Systems (PetSafe). The other prominent vendors in the market are CleverPet, Nibbles, PeTreaT, Pets at Home, POPPY, RELENTY (LUSMO), RolliTron, and Petwant.
An automatic and a smart pet feeder dispenses food in pre-measured quantities at timed intervals into the pet's feeding dish. They are available in a wide range of sizes, materials, and programming options. While automatic pet feeders are characterized by the timer feature, smart pet feeders are Wi-Fi enabled. Most smart pet feeders are incorporated with a camera that enables the users to visually monitor the pets. Browse complete Automatic and Smart Pet Feeder Market report at http://www.reportsnreports.com/reports/1217020-global-automatic-and-smart-pet-feeder-market-2017-2021.html .
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