Varie
Petcare IoT Platforms Market Expected to Reach $ 24.72 Billion by 2030 - Exclusive Report by InsightAce Analytic
According to the latest research by InsightAce Analytic, the global Petcare IoT Platforms Market is valued at US$ 5.64 billion in 2021, and it is expected to reach US$ 24.72 billion by 2030, with a CAGR of 17.90% during a forecast period.
IoT for pets is a significant invention for pet's owners and lovers. With the help of pet IoT platforms, people can watch, monitor, collect health information, follow activities, feed, and play games with pets even when they are not with them. Hence, pet owners are interested in IoT devices.
The growth of the global Petcare IoT Platforms Market can be attributed to different factors, such as the increasing need to maintain pet health, rising number of pet owners, adoption of digital technologies, growing pet owners' preference towards IoT services, increasing spending on pet healthcare and well-being, high demand for pet monitoring devices, and the rising government funding to develop digital technologies for animal healthcare. The Covid-19 pandemic restrictions have increased pet owners' preference towards virtual care services, which is expected to create lucrative growth opportunities for the Petcare IoT Platforms Market during the projected period. However, the lack of awareness about the IoT services for pets and the high costs of services may hinder market expansion in the coming future.
North America dominated the Petcare IoT Platforms Market in 2021 and is predicted to witness significant growth opportunities over the forecast period on account of the growing animal healthcare expenditure and fast adoption of IoT applications for pets. Furthermore, Asia Pacific is expected to register considerable growth in the forthcoming years due to the increasing number of pet owners' awareness about pet health, rising digital product innovations, and the growing government support to improve animal well-being.
AVID Identification Systems (US), Datamars, Inc. ( Switzerland ), EIDAP Inc. ( Canada ), Findster (US), FitBark (US), Gibi Technologies (US), Link AKC (US), Loc8tor (UK), Marco Polo (US), Microchip4Solutions Inc. ( Canada ), Nuzzle (US), PetCare (US), PetDesk (US), V2P2 LLC (US), VetCheck ( Australia ), Virtual Recall (UK), VitusVet (US), Dogstar Life (US), Dogtra (US), EYENIMAL (US), Felcana (UK), FitBark (US), Garmin International, Inc. (US), GoPro (Fetch) (US), i4C Innovations ( India ), INUPATHY, Inc. ( Japan ), Kyon ( Greece ), Milkline ( Italy ), Pitpatpet Ltd. (UK), Scollar, Inc. (US), TekVet Technologies Co. (US), Tractive ( Austria ), Whistle Labs (US), PawPrint (UK), Pethealth Inc. ( Canada ), PetPace (US), PetSafe (US), Sure Petcare (SureFlap Ltd) (UK), Trovan, Ltd. (Isle of Man), Whistle (Tagg) (US), WUF (US), 11 PETS LTD. ( Spain ), DogLog (US), Intervet Inc. (Merck & Co.) (US), among others.
Global Petcare IoT Platforms Market, by , 2022-2030 (Value US$ Mn)
Global Petcare IoT Platforms Market, by , 2022-2030 (Value US$ Mn)
Global Petcare IoT Platforms Market, by , 2022-2030 (Value US$ Mn)
North America Petcare IoT Platforms Market, by , 2022-2030 (Value US$ Mn)
Europe Petcare IoT Platforms Market, by , 2022-2030 (Value US$ Mn)
Asia Pacific Petcare IoT Platforms Market, by , 2022-2030 (Value US$ Mn)
Latin America Petcare IoT Platforms Market, by , 2022-2030 (Value US$ Mn)
Middle East & Africa Petcare IoT Platforms Market, by , 2022-2030 (Value US$ Mn)
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain a competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets, and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
Priyanka Tilekar
InsightAce Analytic Pvt. Ltd.
Visit: www.insightaceanalytic.com
Tel : +1 551 226 6109
Asia : +91 79 72967118
Email: info@insightaceanalytic.com
Follow Us on LinkedIn @ bit.ly/2tBXsgS
Follow Us On Facebook @ bit.ly/2H9jnDZ
Logo: https://mma.prnewswire.com/media/1729637/InsightAce_Analytic_Logo.jpg