General
The global pet camera market size is expected to reach USD 525.8 Million in 2028, and register a revenue CAGR of 23.4% during the forecast period. Steady global pet camera market revenue growth can be attributed to increasing number of individuals opting to adopt pets and companion animals, increasing humanization of pets, and rising need among pet owners to monitor and communicate with their pets when away from home. Pet ownership has been witnessing a rapid surge in the US, with dogs being the most preferred pet animals followed by cats. Also, inclination for other exotic or specialty pets, including, ferrets, hamsters, rabbits, turtles, poultry, snakes, and livestock has been rising. Furthermore, demand for pet cameras is increasing due to rising inclination among a growing number of millennials to adopt shelter cats and dogs, as well as other rescued animals or abandoned animals. Rising disposable income, major influence of social media sites and platforms, and increasing number of millennials making impulse purchases or adopting pets are some other factors supporting market revenue growth.
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