Press release
Petcare IoT Platforms Market Growth and Restrain Factors Analysis Report
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Petcare IoT Platforms Market - Products (Pet Wearables [Safety & Security (GPS Collars), Identification (Smart Tags), Tracking (Smart Collars), Behaviour Monitoring (Bark Collars), Facilitation (Temperature Scanners, Veterinarian Appointments), Medical Diagnostics And Treatment Devices], Connected Pet Products [Pet Feeders & Bowls, Pet Crates & Beds, Pet Doors, Pet Fence, Pet Toys, Self-Cleaning Litter Boxes], Pet Care Platforms/Pet Apps [Reminder Applications, Entertainment App, Dog Training App, Telemedicine App, Other Apps]) - Trends, Industry Competition Analysis, Revenue And Forecast To 2030."According to the most recent research by InsightAce Analytic, the global Petcare IoT Platforms Market is expected to reach US$ 24.72 billion by 2030, with a CAGR of 17.90% during the forecast period. In 2021, the market was estimated to be worth US$ 5.64 billion.
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IoT for canines is an essential innovation for pet owners and enthusiasts. With pet IoT platforms, individuals can remotely observe, monitor, collect health data, observe activities, feed, and play games with their pets. Pet owners are therefore intrigued by IoT devices.
The growth of the global Petcare IoT Platforms Market can be attributed to many factors, including the rising need to maintain pet health, the rising number of pet owners, the adoption of digital technologies, the growing preference of pet owners for IoT services, the increasing spending on pet healthcare and well-being, the high demand for pet monitoring devices, and the rising government funding to develop digital technologies for animal healthcare. The restrictions imposed by the Covid-19 pandemic have increased pet owners' preference for virtual care services, which is anticipated to create lucrative growth opportunities for the Petcare IoT Platforms Market during the forecast period. However, a lack of awareness regarding IoT services for canines and the high cost of services may impede market growth shortly.
North America dominated the Petcare IoT Platforms Market in 2021 and is anticipated to experience significant growth opportunities over the forecast period due to the rising animal healthcare expenditures and rapid adoption of IoT applications for pets. In addition, Asia Pacific is anticipated to experience substantial growth in the coming years due to the increasing number of pet owners concerned about their pets' health, the rising number of digital product innovations, and the expanding government support for improving animal welfare.
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Major market players operating in the Petcare IoT Platforms Market include 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.
Key developments in the market:
• In January 2022, Petriage, a pet health technology company, partnered with the Link Smart Pet Wearable by Smart Tracking Technologies, LLC. Petriage integrates real-time pet health information from its AI-driven symptom analysis tool into Smart Tracking Technologies' brand-new Link Smart Pet Wearable gadget as part of this agreement.
• In September 2021, PetSafe (US), a global leader in pet product solutions honoured with two 2021 pet independent innovation awards for two PetSafe products. 1. ScoopFree Smart Self-Cleaning Litter Box. 2. Dancing Dot Laser Cat Toy.
• In September 2020, Petcube released a new Petcube Cam, an affordable smart camera with built-in live vet chat. The new device pairs the advanced pet monitoring functions with online veterinarian advice, making on-demand pet care accessible to every pet parent.
• In May 2020, Mars Petcare launched digital 'Pet Health Pal,' a new, free digital education tool powered by the Facebook messenger and WhatsApp chatbot to support pet health and wellness.
• In November 2019, Findster Technologies launched a Kickstarter campaign for a new GPS pet tracker, which allows monitoring pets anywhere, at any time, around home and yard, without monthly cell phone fees or subscriptions.
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Market Segments
Global Petcare IoT Platforms Market, by Products, 2022-2030 (Value US$ Mn)
• Pet Wearables
o Safety & Security (GPS collars)
o Identification (Smart Tags)
o Tracking (Smart Collars)
o Behaviour Monitoring (Bark Collars)
o Facilitation (Temperature Scanners, Veterinarian Appointments)
o Medical Diagnostics and Treatment Devices
• Connected Pet Products
o Pet Feeders & Bowls
o Pet Crates & Beds
o Pet Doors
o Pet Fence
o Pet Toys
o Self-Cleaning Litter Boxes
• Pet Care Platforms/Pet Apps
o Reminder Applications
o Entertainment App
o Dog Training App
o Telemedicine App
o Other Apps
Global Petcare IoT Platforms Market, by Pet Types, 2022-2030 (Value US$ Mn)
• Dog
• Cat
• Fish
• Other Pet Types
Global Petcare IoT Platforms Market, by Region, 2022-2030 (Value US$ Mn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America Petcare IoT Platforms Market, by Country, 2022-2030 (Value US$ Mn)
• The U.S.
• Canada
Europe Petcare IoT Platforms Market, by Country, 2022-2030 (Value US$ Mn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific Petcare IoT Platforms Market, by Country, 2022-2030 (Value US$ Mn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America Petcare IoT Platforms Market, by Country, 2022-2030 (Value US$ Mn)
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa Petcare IoT Platforms Market, by Country, 2022-2030 (Value US$ Mn)
• GCC Countries
• South Africa
• Rest of Middle East & Africa
Why should purchase this report:
To receive a comprehensive market analysis for the global Petcare IoT Platforms Market
To receive an industry insights and future trends of the Petcare IoT Platforms Market
To analyze the Petcare IoT Platforms Market drivers and challenges
To get information on the Petcare IoT Platforms Market value (US$ Mn) forecast to 2030
Significant investments, mergers & acquisitions in the Petcare IoT Platforms Market industry
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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.https://www.insightaceanalytic.com/images_data/148861653.JPG
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