Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.
Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.
We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.
In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months. Request Insights
Baby monitor is basically a baby alarm, which enables parents to remotely track the activities of a baby. A basic audio monitor consists of a transmitter and microphone, which aids a two-way communication between the parent and the baby. The primary use of a baby monitor is to track the movement of the baby when the parents are not at home or are away from the vicinity of the baby. The most common types of baby monitors are audio baby monitor, fixed video monitor and pan & tilt baby monitor in terms of by product.
The global baby wireless monitor market is expected to grow at a CAGR of 4.1% over the forecast period i.e. 2017-2024. Growing awareness about baby safety, increasing disposable income coupled with increased online trade are the factors driving the growth of the baby wireless monitor market globally. Thus, growing influence of the internet on end-users’ purchasing behavior is the major factor anticipated to bolster the growth of baby wireless monitor market.
Geographically, North America region has been consistently dominating the baby wireless monitor market globally. The United States is the leading country in this region because of better technological infrastructure and increase in adoption of innovative baby products fostering the baby wireless monitor market in the region. Primarily, video wireless monitors by product are popular in this region. Europe holds second largest baby wireless monitor market and it will show a robust growth over the forecast period.
Asia Pacific and Middle East and Africa are the fastest growing markets due to rising number of working parents and nuclear families. The Asia Pacific region is the most lucrative market for wireless baby monitors owing to increased adoption of baby monitor amongst Asian parents coupled with rising per capita income and dual income households. CLICK TO DOWNLOAD SAMPLE REPORT
Our in-depth analysis segmented the Baby wireless market monitor in the following segments:
Global baby wireless monitor Market is further classified on the basis of region as follows:
Middle East and North Africa (MENA) Market Size and Y-O-Y Growth Analysis
Rising urbanization coupled with increasing number of working parents has led to a higher adoption of baby monitors in homes which are fostering the growth of baby wireless monitor market. These baby monitors enable employed parents to watch their baby or track their activities when they are away from home.
Another factor inclining the demand for baby wireless monitor market include increase in penetration of smartphones coupled with growing usage of internet which has enabled parents to watch their baby from a different location. Rise in the usage of online retailers for baby products has led the market for easy availability of wide range of baby monitoring products without wasting time in shopping in the offline (physical) stores, which has significantly boosted the demand for baby wireless monitor market. Apart from this, the market is driven by rising per capita spending on child care products across the developing economies. However, safety and security concerns along with declining birth rate may restrain the growth of baby monitors market in the next few years.
The major key players for Baby wireless monitor are as follows
Overview of the Parent Market
Analyst View
Segmentation
The Global baby wireless monitor Market is segmented as follows:
Market Dynamics
Supply & Demand Risk
Competitive Landscape
Porter’s Five Force Model
Geographical Economic Activity
Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent Trends and Developments
Industry Growth Drivers and Challenges
Key Information for Players to establish themselves in current dynamic environment
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