Technology

Pet Monitoring Camera Market size is set to grow by USD 950.7 million from 2024-2028, increased number of pet ownerships to boost the market growth, Technavio

Published

3 months ago

June 19, 2024

NEW YORK, June 19, 2024 /PRNewswire/ — The global pet monitoring camera market size is estimated to grow by USD 950.7 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 23.3% during the forecast period. Increased number of pet ownerships is driving market growth, with a trend towards introduction of technology-enhanced products. However, reluctance of pet owners to buy high priced products poses a challenge. Key market players include Acer Inc., Amazon.com Inc., Arlo Technologies Inc., Centrica Hive Ltd., EZVIZ Inc., Furbo, Hangzhou Hikvision Digital Technology Co. Ltd., Lenovo Group Ltd., Neos Ventures Ltd., PetChatz LLC, Petcube Inc., PETKIT Ltd., Shenzhen Skymee Technology Co. Ltd, Vimtag, Wagz Inc., Wopet, Wyze Labs Inc., Xiaomi Communications Co. Ltd., and Zmodo Technology Corp. Ltd..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Product (One-way video and Two-way video), Distribution Channel (Offline and Online), and Geography (APAC, North America, Europe, South America, and Middle East and Africa)

Region Covered

APAC, North America, Europe, South America, and Middle East and Africa

Key companies profiled

Acer Inc., Amazon.com Inc., Arlo Technologies Inc., Centrica Hive Ltd., EZVIZ Inc., Furbo, Hangzhou Hikvision Digital Technology Co. Ltd., Lenovo Group Ltd., Neos Ventures Ltd., PetChatz LLC, Petcube Inc., PETKIT Ltd., Shenzhen Skymee Technology Co. Ltd, Vimtag, Wagz Inc., Wopet, Wyze Labs Inc., Xiaomi Communications Co. Ltd., and Zmodo Technology Corp. Ltd.

Key Market Trends Fueling Growth

The pet monitoring camera market is experiencing significant growth due to the introduction of advanced, multi-functional devices. Companies like Petcube and Furbo are leading this trend with innovative features such as high-definition video, wide-angle views, night vision, and remote control. These cameras not only monitor pets but also alert owners when feeding is required. Additionally, portable, battery-operated devices like PetChatz HD offer interactive connectivity and motion/sound detection. Manufacturers’ high competency is driving product innovation and market expansion.

The Pet Monitoring Camera market is currently experiencing significant growth. Adoption of technology in pet care is on the rise, with trends such as remote monitoring and automation becoming increasingly popular. Cameras are used to keep an eye on pets when owners are away, providing peace of mind and ensuring pet safety. Companies are focusing on developing features like motion detection, night vision, and two-way audio to cater to consumer needs. The market is also witnessing the integration of AI and machine learning for advanced pet behavior analysis. The demand for pet monitoring cameras is expected to continue, driven by the growing number of pet owners and the desire for convenient and effective pet care solutions.

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Market Challenges

The pet monitoring camera market faces challenges due to the high cost of devices and additional operational expenses. Monthly internet charges, installation and maintenance fees for wired systems, and costs for added protection devices are significant. These factors limit market growth, particularly in underdeveloped and developing countries where the population primarily falls under the middle or low-income bracket.The Pet Monitoring Camera market faces several challenges. Consumers seek devices with high-definition (HD) video quality and smart features like motion detection, night vision, and two-way audio. However, ensuring consistent connectivity and reliable performance in various environments can be difficult. Additionally, ensuring security and privacy of the data transmitted is a significant concern. Furthermore, the cost of advanced features and the need for regular updates can deter some potential buyers. Lastly, ensuring compatibility with various pet sizes and types requires extensive research and development efforts.

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Segment Overview

This pet monitoring camera market report extensively covers market segmentation by

Product 1.1 One-way video1.2 Two-way videoDistribution Channel2.1 Offline2.2 OnlineGeography 3.1 APAC3.2 North America3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 One-way video- The pet monitoring camera market is experiencing significant growth due to the increasing adoption of these devices for securing and monitoring pets. Fueled by high Internet penetration and smartphone usage, these devices offer peace of mind to pet owners by alerting them to any unusual activity and even notifying authorities. With the rising importance of companion animals in people’s lives, the demand for pet healthcare solutions is increasing, driving market growth during the forecast period.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022) – Download a Sample Report

Research Analysis

The Pet Monitoring Camera market has experienced significant growth in recent years, particularly among middle-income pet owners in urban areas. Millennial pet owners, who prioritize companionship, emotional support, and stress relief, have embraced technology to ensure the well-being of their cats and small dogs. Pet monitoring cameras, equipped with high-resolution sensors, night vision, and cloud connectivity, have become essential tools for these pet parents. Petzi Treat Cam and Petzilla are popular examples of pet accessories that offer remote treat dispensing and real-time monitoring. The aging population also contributes to the demand for these devices, as they provide peace of mind for seniors and family members. The pet care sector continues to innovate with advanced camera technology, enhancing the overall experience for both pets and their owners.

Market Research Overview

The Pet Monitoring Camera market is a rapidly growing segment in the security technology industry. These cameras enable pet owners to remotely monitor their pets in real-time, providing peace of mind and ensuring their pet’s safety and well-being. The market is driven by the increasing trend of pet ownership, the growing awareness of pet health and welfare, and the advancements in technology that allow for high-definition video and audio streaming. The cameras come with features such as motion detection, night vision, two-way audio, and cloud storage. They can be accessed through smartphones, tablets, or computers, making it convenient for pet owners to check on their pets from anywhere. The market is expected to continue its growth trajectory due to the increasing demand for advanced pet care solutions.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductOne-way VideoTwo-way VideoDistribution ChannelOfflineOnlineGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

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.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

Technology

SK hynix Applies CXL Optimization Solution to Linux

Published

59 mins ago

September 23, 2024

HMSDK, a proprietary memory control solution lauded for its performance, is now available on Linux, the world’s largest open source operating systemHMSDK optimizes performance between heterogeneous memories, increasing bandwidth by 30% and performance by over 12%The company will foster the ecosystem by increasing software competitiveness as well as AI memory such as HBM

SEOUL, South Korea, Sept. 22, 2024 /PRNewswire/ — SK hynix Inc. (or “the company”, www.skhynix.com) announced today that the key features of its Heterogeneous Memory Software Development Kit (HMSDK)1 are now available on Linux2, the world’s largest open source operating system.

1Heterogeneous Memory Software Development Kit (HMSDK): SK hynix’s proprietary software development kit. It enables effective memory control, improving the performance of heterogeneous memory systems such as CXL memory.

2Linux: An operating system developed in 1991 by Linus Torvalds that has since expanded to become the world’s largest open source operating system. Most operating systems for cloud systems and supercomputers, as well as smartphones, cars, and appliances, are built on Linux.

HMSDK is SK hynix’s proprietary software for optimizing the operation of Compute Express Link (CXL)3, which is gaining attention as a next-generation AI memory technology along with High Bandwidth Memory (HBM). Having received global recognition for HMSDK’s performance, SK hynix is now integrating it with Linux. This accomplishment marks a significant milestone for the company as it highlights the company’s competitiveness in software, adding to the recognition for its high-performance memory hardware such as HBM.

3Compute Express Link (CXL): A next-generation interface that efficiently connects CPU, GPU, memory, and other components in high-performance computing systems to support massive, ultra-fast computation. By applying CXL to existing memory modules, the capacity can be expanded by more than 10 times.

In the future, developers around the world working on Linux will be able to use SK hynix’s technology as the industry standard for CXL memory, putting the company in an advantageous position for global collaboration on next-generation memory.

SK hynix’s HMSDK enhances memory package’s bandwidth by over 30% without modifying existing applications. It achieves this by selectively allocating memory based on the bandwidth between existing memory and expanded CXL memory. Additionally, the software improves performance by more than 12% over conventional systems through optimization based on access frequency, a feature which relocates frequently accessed data to faster memory.

The semiconductor industry anticipates full commercialization of CXL in the second half of 2024, coinciding with the release of the first server CPUs featuring the “CXL 2.0” specification. In preparation for this, SK hynix is currently validating CXL 2.0 memory in 96 GB and 128 GB capacities with customers. The company plans to begin mass production by the end of the year.

“For the development and spread of AI systems such as large language models (LLMs), it is now necessary to significantly improve not only semiconductors but also the level of system applications to support them,” said Youngpyo Joo, Head of Software Solution at SK hynix. “With this Linux integration and collaboration, we will strive to improve our status as a total AI memory solutions provider by innovating technologies and expanding the ecosystem in this field.”

About SK hynix Inc.

SK hynix Inc., headquartered in Korea, is the world’s top-tier semiconductor supplier offering Dynamic Random Access Memory chips (“DRAM”), flash memory chips (“NAND flash”), and CMOS Image Sensors (“CIS”) for a wide range of distinguished customers globally. The Company’s shares are traded on the Korea Exchange, and the Global Depository shares are listed on the Luxembourg Stock Exchange. Further information about SK hynix is available at www.skhynix.com, news.skhynix.com.

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SOURCE SK hynix Inc.

Technology

TeraBox Is Set to Provide Premier Cloud Storage Solutions to Top Indonesian University Faculty and Students

Published

59 mins ago

September 23, 2024

Transforming Classrooms: TeraBox’s 1TB Free Cloud Storage Becomes Essential for Educators and Students

TOKYO, Sept. 23, 2024 /PRNewswire/ — TeraBox (“TeraBox” or “the Company”), a globally trusted cloud storage service headquartered in Tokyo, also a favored cloud storage solution among Indonesian users, held its first large-scale campus event at prominent Indonesian universities such as University Diponegoro, Universitas Indonesia, and Institut Teknologi Sepuluh Nopember. The company hosted numerous offline events, attracting interactions from more than 30,500 students and teachers, and handed out 85,000 flyers. Event videos posted on the universities’ official Instagram and YouTube accounts received tens of thousands of views. TeraBox looks forward to deepening its collaboration with academic institutions to offer innovative cloud storage solutions for students.

In an era where digital resources are integral to academic success, TeraBox is committed to becoming an essential tool for students, providing a secure and efficient way to save and share curriculum files and materials, simplifying file management. By offering a massive 1TB (1024GB) of free cloud storage space per account, TeraBox alleviates the challenges of managing extensive educational materials, such as e-books, digital textbooks, learning notes, and experimental data in the new semester to come. Furthermore, TeraBox enhances productivity by enabling students to engage in online assignments and collaborative projects, fostering sharing, collaboration, and communication among students and between students and teachers. TeraBox not only addresses issues related to insufficient memory on devices like smartphones and laptops, but also significantly boosts efficiency in data management in an environmentally friendly manner.

Understanding the need for seamless collaboration, TeraBox features user-friendly sharing options that allow students and faculties to create links with just one click. This facilitates easy sharing of multiple files simultaneously, which can greatly improve collaborative efforts among peers. Whether accessing files from mobile devices or desktops, students can manage their documents effortlessly anytime and anywhere. Feedback from offline surveys reveals that many users in Indonesia are impressed with TeraBox’s offering of 1TB (1024GB) of free storage space. This generous storage not only meets the needs of university students for sharing various social and lifestyle content but also eliminates the necessity of creating multiple accounts with other storage services to fulfill their storage requirements.

As of July 2024, TeraBox boasts over 320 million registered users worldwide, with more than 20 million active daily users across over 231 countries and regions. The platform ensures top-tier security by employing advanced measures such as TLS/SSL protocols, encryption algorithms, and access controls. TeraBox is accredited with ISO standards (ISO 27001/27701/27018) certifications to protect the safety of data storage and transmission. These technologies also guarantee the stored and transmitted information is safe through client-side endpoint encryption within a large-scale distributed system architecture.

About TeraBox

TeraBox, developed by Flextech Inc., is a globally trusted cloud storage app headquartered in Tokyo, Japan. With a focus on intelligent, efficient, and secure cloud storage, TeraBox is dedicated to providing users with innovative and user-friendly solutions for their data storage needs. Download the TeraBox App on Android, iOS, Linux, Mac, and Windows devices, or visit www.terabox.com for online access. To learn more about the fantastic Referral Program, please visit the provided site.

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SOURCE Flextech Inc.

Technology

Elmo Motion Control Exhibiting at Industrial Automation Show in Shanghai, China

Published

59 mins ago

September 23, 2024

Elmo brings live demonstrations to present the power of motion to Hall 5.1 in Booth E181.

PETAH TIKVA, Israel, Sept. 23, 2024 /PRNewswire/ — Elmo Motion Control, a global technology leader in motion control solutions, announces its participation at the annual IAS (Industrial Automation Show) exhibition at NECC in Shanghai, China, from September 24 to September 28. At the show, Elmo will display the Platinum line of servo drives, which include fully certified Functional Safety capabilities in small yet powerful packages, and conduct live demonstrations.

Elmo’s featured demonstrations will include an operating customer XYZT stage dynamic demo with four-axis movement controlled by a single multi-axis servo drive – the Platinum Quartet. Also on the floor will be a multi-axis gantry machine from our customer PBA Systems PTE Ltd and more. In addition, visitors can be the first in China to see the future of motion control – the next-generation motion controller with artificial intelligence readiness and a new line of multi-axis servo drives.

“We look forward to greeting visitors at this year’s show and presenting the latest Elmo products. On display throughout our booth is the future of motion control and the experience of seeing our multi-axis products in action. This year, we created an environment for machine developers to learn about advanced motion performance for any application in real-time,” stated Dr. Wayne Chen, Elmo China GM.

About Elmo Motion Control

Elmo has been a motion control technology leader for over 35 years, with millions of servo drives working 24/7 worldwide. Elmo offers complete motion control solutions from design to delivery of cutting-edge servo drives, network-based multi-axis motion controllers, and integrated servo motors. All solutions can be customized and configured using Elmo’s proprietary advanced and easy-to-use software tools for any machine in any industry, such as semiconductors, lasers, robots, life sciences, industrial automation, AGV, and more. The company employs more than 350 personnel with headquarters in Israel and offices in the United States, China, Germany, Italy, Korea, Singapore, and an additional manufacturing facility in Poland. Elmo has a worldwide distribution network. By advancing motion control with state-of-the-art technology, Elmo makes smart machines even smarter. As of 2022, Elmo is a Bosch Rexroth company.

For more information, visit www.elmomc.com or email marketing@elmomc.com.

Elmo Motion Control:
Robert Dugan, Marketing Manager at Elmo Motion Control
T: +972-(3)-929-2300 (ext. 368)
E: robertd@elmom.com

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SOURCE Elmo Motion Control, Ltd.