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Global Advanced Baby Monitor Market 2019-2023 | 11% CAGR Projection Over the Next Five Years | Technavio

December 18, 2019 GMT
Global Advanced Baby Monitor Market 2019-2023 | 11% CAGR Projection Over the Next Five Years | Technavio
Global Advanced Baby Monitor Market 2019-2023 | 11% CAGR Projection Over the Next Five Years | Technavio

LONDON--(BUSINESS WIRE)--Dec 17, 2019--

The advanced baby monitor market size is poised to grow at a CAGR of close to 11% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report.

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Technavio has announced its latest market research report titled global advanced baby monitor market 2019-2023. (Graphic: Business Wire)

Advanced baby monitors belong to a new category of baby monitors, which includes a wide range of audio and video monitors. Moreover, innovation and fundings have led to the introduction of products with advanced functionalities. These include heart activity, oxygen level, and temperature monitoring. For instance, Owlet Baby Care Smart Sock 2 advanced baby monitor tracks the heart rate and oxygen levels of the baby. Owlet’s app also offers live readings using historical heart and oxygen information.

To learn more about the global trends impacting the future of market research, download free sample: https://www.technavio.com/talk-to-us?report=IRTNTR30361

As per Technavio, the product differentiation through product bundling strategy will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will affect market growth over 2019-2023.

Advanced Baby Monitor Market: Product Differentiation through Product Bundling Strategy

Product bundling is a strategy that allows vendors to offer two or more products or services together at a combined price. This strategy helps vendors to differentiate their products and provide enhanced value to the customer. For instance, Owlet Baby care offers Owlet Smart Sock + Cam as a bundled product, priced at USD 399. Therefore, with product bundling, the market is expected to register to witness significant growth during the forecast period.

“Other factors such as the shift in consumer lifestyle, and the easy access to distribution channels through omnichannel strategy will have a significant impact on the growth of the advanced baby monitor market during the forecast period,” says a senior analyst at Technavio.

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Advanced Baby Monitor Market: Segmentation Analysis

This market research report segments the advanced baby monitor market by product (under-the mattress, diaper attachment, smart wearable) and geographical regions (APAC, EMEA, and the Americas).

The EMEA region led the market in 2018, followed by the Americas and APAC, respectively. The growth of the advanced baby monitor market share in EMEA can be attributed to several factors such as the growing awareness of SIDS, improvement in living standards, increase in urbanization, and rise in Internet and smartphone penetration.

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.

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Some of the key topics covered in the report include:

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20191217005636/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: CONSUMER BABY/MATERNITY

SOURCE: Technavio Research

Copyright Business Wire 2019.

PUB: 12/17/2019 08:30 PM/DISC: 12/17/2019 08:30 PM

http://www.businesswire.com/news/home/20191217005636/en