NEW YORK, May 6, 2021 /PRNewswire/ —
The advanced baby monitor market is expected to grow by USD 385.42 million during 2021-2025, according to Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the advanced baby monitor market in optimistic, probable, and pessimistic forecast scenarios.
Enterprises will go through the Response, Recovery, and Renew phases.
The advanced baby monitor market will witness a negative impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio’s pandemic-focused market research, market growth is likely to increase in 2021 as compared to 2020.
With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renewal phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal.
This post-pandemic business planning research will aid clients to:
- Adjust their strategic planning to move ahead once business stability kicks in.
- Build Resilience by making effective resource and investment choices for individual business units, products, and service lines.
- Conceptualize scenario-based planning to mitigate future crisis situations.
Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID-19 market estimates
- Quarterly impact analysis and updates on market estimates
Related Report on Communication Services Include:
Global Wearable Patch Market – Global wearable patch market is segmented by technology (regular and connected), application (clinical and non-clinical), and geography (North America, Europe, APAC, MEA, and South America).
Global Action Camera Market – Global action camera market is segmented by technology (ultra HD and HD), end-user (commercial and residential), distribution channel (online and offline), and geography (North America, Europe, APAC, South America, and MEA).
Major Three Advanced Baby Monitor Market Participants:
Angelcare Monitor Inc.
The company offers various types of baby monitors such as movement monitors, video monitors, and sound monitors.
Dorel Industries Inc.
The company offers HD WiFi baby monitor with smart audio parent unit under the brand Safety 1st.
The company offers baby monitoring devices such as Video Baby Monitor V24, SC-210 Digital Two-Way Audio Baby Monitor, SC-110 Digital One-Way Audio Monitor, and Babysense 7.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Advanced Baby Monitor Market 2021-2025: Segmentation
Advanced baby monitor market is segmented as below:
- Under The Mattress
- Diaper Attachment
- Smart Wearable
- Other Formats
- Distribution Channel
- North America
- South America
The advanced baby monitor market is driven by innovations in technology and product design and features leading to premiumization. In addition, increasing awareness of SIDS in developed markets is expected to trigger the advanced baby monitor market toward witnessing a CAGR of over 10% during the forecast period.
More insights about the global trends impacting the future of the advanced baby monitor market, Request Free Sample @ https://www.technavio.com/talk-to-us?report=IRTNTR43824
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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.
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