Global Smart Connected Baby Monitors Market 2019-2023 | 23% CAGR Projection Over the Next Four Years | Technavio

January 3, 2019

LONDON--(BUSINESS WIRE)--Jan 3, 2019-- analysts forecast the global smart connected baby monitors market to grow at a CAGR of over 23% during the forecast period, according to their latest market research report.

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Technavio has published a new market research report on the global smart connected baby monitors market from 2019-2023. (Graphic: Business Wire)

Adoption of distribution channel expansion strategies is one of the major trends being witnessed in the . Vendors are adopting various strategies to expand their customer base and rake in higher revenues. The expansion of distribution strategy is one of the popular strategies they have adopted. Companies are focusing on expanding their business globally. Several vendors are forging partnerships with brick-and-mortar stores along with e-commerce retailers.

This report is available at a USD 1,000 discount for a limited time only:

According to Technavio analysts, one of the key factors contributing to the growth of the global smart connected baby monitors market is the innovation in technology and product features leading to premiumization:

Global smart connected baby monitors market: Innovation in technology and product features leading to premiumization

Many players in the market are integrating their smart connected baby monitors with features such as temperature monitoring, remote monitoring, humidity history, and noise detection. Mobility is the primary advantage of wireless smart baby monitors. This allows parents to keep a watch on their babies from all corners of the house and even from outdoors.

According to a senior analyst at Technavio for research on household appliances, “Smart baby monitors with Wi-Fi connectivity have cameras that capture images of the baby at all times. Changes in room temperature can be tracked by smart connected baby monitors with Wi-Fi connectivity and viewed on smartphones and tablets. This enables parents to maintain room temperature at the desired level. Factors such as enhanced technological infrastructure and increasing adoption of innovative and niche baby products are contributing towards market growth.”

Global smart connected baby monitors market: Segmentation analysis

The global smart connected baby monitors market research report provides market segmentation by end-user (residential and commercial), by product (audio and visual monitors, and audio monitors), distribution channel (offline and online), and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

The residential segment held the largest market share in 2018, and is expected to dominate the global market throughout the forecast period. The Americas led the market in 2018 and is expected to dominate the market through 2023.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

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SOURCE: Technavio Research

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