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New York, USA, April 20, 2021 (GLOBE NEWSWIRE) — The latest report published by Research Dive states that the global baby monitor market is predicted to a rise in revenue from $1,258.5 million to over $1,761.7 million at a steady CAGR of 6.5%.
Market Dynamics
The world has witnessed a rise where both parents go to work to ensure a better lifestyle for them and the family. The absence of adult supervision has led to increased risk of babies being subjected to injuries or even sudden infant death syndrome. Hence, many parents are turning to equipment such as baby monitors to keep a watch on their children, allowing them to keep a watch on their babies even when they’re at their respective workplaces. The monitors provide parents with a real-time video stream along with audio facility to help them hear and watch their baby. The ability to look after the kid may boost the market grow in the forecast period.
Baby monitors are expensive, and this has led to many parents opting out of the idea to purchase the equipment. This may become a restraining factor in the growth of the market.
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The rising number of women at workplaces has also increased and according to many reports, the numbers are estimated to be at around two-thirds of them working full time. This has been one of the primary reasons for the increased production of more…
