According to a new market report published by Industry Probe titled ‘Smart Baby Monitor Device Market (Product Type: Video Monitor, Audio Monitor, and Others; Connectivity: Wired and Wireless; End User: Individual and Commercial; Distribution Channel: Online [Company Owned Website and E- Commerce Website] and Offline [Hypermarkets & Supermarkets, Specialty Stores, and Brand Stores]) – Global Industry Dynamics, Trends, and Forecast, 2019–2027’, the global Smart Baby Monitor Device Market is expected to reach US$ 2,146.9 Mn by 2027 and expand at a CAGR of 6.5 % from 2019 to 2027.
Smart Baby Monitor Device Market includes Summer Infant Inc., Koninklijke Philips N.V, Dorel Industries Inc., Snuza International, Angelcare Monitors Inc., Hisense, Motorola Solutions, Inc., iBaby Labs, Inc., Lorex Technology Inc. and VTech Holdings Limited
Read Full Report @ https://www.industryprobe.com/report-desc-overview.php?id=MjIw&name=Baby-Monitoring-Devices-Market
In terms of end user, the individual segment was valued at US$ 653.5 Mn in 2018 and is expected to expand at a CAGR of 6.8 % from 2019 to 2027. Parent population demanding child surveillance from workplace across the region and increase in the number of working parents are factors that are likely to drive the global Smart Baby Monitor Device Market during the forecast period. Rise in the number of working parents, single parents, and nuclear families is likely to propel the growth of the global Smart Baby Monitor Device Market.
Demand for baby monitoring devices can be attributed to changing lifestyle, rise in awareness among parents regarding childcare, increase in disposable income, and efficient retailing. China, Japan, and India rank among the key emerging markets for baby monitoring devices. Security concerns over information leakage through baby monitoring devices is expected to hamper the market during the forecast period. In addition, high cost of baby monitoring devices is projected to affect the growth of the Smart Baby Monitor Device Market during the forecast period.
Rise in the number of parent population demanding child surveillance from workplace and growth in the number of working parents are likely to drive the global Smart Baby Monitor Device Market. Based on distribution channel, offline is expected to be the most attractive segment during the forecast period due to preference for offline shopping. However, the online segment is anticipated to expand at a significant rate during the forecast period. North America holds a major share of the global Smart Baby Monitor Device Market, followed by Europe. The Smart Baby Monitor Device Market is dominated by several players who are focused on the development of new products to cater to the rising demand for the product in the global market.
In terms of end user, the commercial segment is expected to grow at steady rate during the forecast period. Rise in the number of day care centers across the world is expected to fuel the growth of the commercial segment during the period of time. The global Smart Baby Monitor Device Market is dominated by several players who are focused on the development of new products to cater to the rising demand.
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