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The smart baby monitor market is expected to grow from US$ 989.38 in 2020 to US$ 1,815.31 million by 2028; it is estimated to grow at a CAGR of 8.0% from 2021 to 2028.
Increasing number of working parents worldwide is boosting the growth of the smart baby monitor market globally. The growing number of nuclear families and working parents worldwide is boosting the adoption of smart baby monitoring devices. The working parents are robustly looking for nannies or daycare centers to take care of their children when they are not home. The increasing concerns associated with child safety are also encouraging them to purchase smart baby monitoring devices. The number of working mothers is also on the rise in developed as well as developing countries such as the US, China, India, and Canada. The smart baby monitoring products help parents to carry out their activities efficiently without being stressed about their babies' activities and safety. These systems facilitate the real-time communication between parents and their children through smartphones. Thus, the increasing penetration of smartphones, used to install apps to monitor their babies, also supports the growth of the market.