According to Goldstein Research, global next generation baby monitors market is expected to grow at a CAGR of 4.0% over the forecast period, 2017-2025. Rapid adoption of technological advance devices and growing concerns among the working parents for monitoring their baby are anticipated to boost the demand for next generation baby monitors. Global next generation baby monitors market segmentation has been done on the basis of distribution channel, end-user and geography. Based on end user, home settings dominated the global next generation baby monitors market and registered the market share of 65% in 2017 owing to rising need of parents to take care of babies while being away from home and observe their activities. Global Next generation baby monitors market is dominated by North America with a market share of 47.25% in 2017 owing to the increasing adoption of smartphone apps and wearable devices and new born parents have an increasing number of high-tech options to track their baby’s activities.
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Market Segmentation
On the basis of our in-depth analysis, Global Next Generation Baby Monitors Market can be segmented as follows:
By Distribution Channel
• Online
• Offline
1. Hypermarkets and supermarkets
2. Specialty stores
3. Drugstores and pharmacies
4. Baby Stores
By End User
• Home Settings
• Hospitals
• Early Learning Centre
By region
• North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
• Global (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Global) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
• Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
• Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
• Asia Pacific (China, Japan, India, Singapore, South Korea, Global, New Zealand and Rest of Global) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
• Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
“Global Next Generation Baby Monitors Market Outlook 2024” contains detailed overview of the Global Next generation baby monitors market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by distribution channel and end-users.
Further, for the in-depth analysis, Next Generation Baby Monitors Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as Daatrics Ltd., Rest Devices, Inc., MonDevices., Sproutling Inc., Owlet Baby Care Inc., Snuza Inc., etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents the Global Next generation baby monitors market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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