Pet Monitoring Camera Market 2023-2027; Segmentation by Product and Geography; CAGR accelerating at 17.4% by 2027- Technavio
NEW YORK, June 2, 2023 /PRNewswire/ -- The Pet Monitoring Camera is segmented by product (one-way video and two-way video), distribution channel (offline and online), and geography (APAC, North America, Europe, South America, and Middle East and Africa). It also features a thorough analysis of the factors, patterns, and difficulties. The report also contains historical market information from 2017 to 2021.
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Regional Market Outlook
During the forecast period, APAC is anticipated to contribute 40% to the growth of the global market. The regional trends and drivers that will shape the market over the course of the forecast have been thoroughly explained by Technavio's analysts. Due to increased brand offerings in the market and high pet owner awareness, the Indian market is anticipated to grow strongly during the forecast period. The market for pet cameras is expanding along with the rise in pet adoption.
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Global Market Outlook
The Pet Monitoring Camera market size is expected to increase by USD 541.19 million from 2022 to 2027, expediting at a CAGR of 17.4% during the forecast period. The market for pet monitoring cameras has grown thanks to the sales of surveillance equipment like trackers and cameras. The popularity of owning pets has increased due to the high adoption rates of dogs and cats. Additionally, pet adoption grew significantly between 2020 and 2021, particularly in North America and Europe. The American Society for the Prevention of Cruelty to Animals (ASPCA) estimates that during the pandemic, more than 23 million American households, or nearly 1 in 5 nationwide, adopted a pet. The world market for pet monitoring cameras is anticipated to grow over the course of the forecast period due to the rising number of pets, particularly dogs and even cats.
Latest Drivers and Challenges Impacting the Pet Monitoring Camera insurance market
Pet Monitoring Camera Market Drivers
Pet Monitoring Camera Market Challenges
Some of the pet monitoring camera insurance market vendors are:
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
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