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Advanced Baby Monitor Market size is set to grow by USD 637.3 million from 2024-2028, Innovation in technology and product design and feature leading to premiumization boost the market, Technavio

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NEW YORK, July 1, 2024 /PRNewswire/ — The global advanced baby monitor market size is estimated to grow by USD 637.3 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 12.48% during the forecast period. Innovation in technology and product design and feature leading to premiumization is driving market growth, with a trend towards access to distribution channels through omnichannel strategies. However, lack of awareness and high price of advanced baby monitors poses a challenge. Key market players include Baby Control Digital, Cubo Ai, Dorel Industries Inc., Hisense Ltd., iBaby Labs Inc., Jablotron, Koninklijke Philips N.V., Lorex Technology Inc., Motorola Mobility LLC, Nanit, Owlet Inc., Panasonic Holdings Corp., Safetosleep, Samsung Electronics Co. Ltd., Snuza, Summer Infant Inc., The Holding Angelcare Inc., VTech Holdings Ltd., WiFi Baby, and Withings.

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Advanced Baby Monitor Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 12.48%

Market growth 2024-2028

USD 637.3 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

10.87

Regional analysis

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

Performing market contribution

Europe at 31%

Key countries

US, UK, China, Germany, and Japan

Key companies profiled

Baby Control Digital, Cubo Ai, Dorel Industries Inc., Hisense Ltd., iBaby Labs Inc., Jablotron, Koninklijke Philips N.V., Lorex Technology Inc., Motorola Mobility LLC, Nanit, Owlet Inc., Panasonic Holdings Corp., Safetosleep, Samsung Electronics Co. Ltd., Snuza, Summer Infant Inc., The Holding Angelcare Inc., VTech Holdings Ltd., WiFi Baby, and Withings

Market Driver

The e-commerce industry’s expansion has driven brands to enhance sales experiences, leading to investments in account management, supply chain optimization, and product assortment expansion. Brands are launching informative websites to expand customer reach, enabling product comparisons and customer reviews. Omnichannel retailing, which includes physical stores, company-owned websites, and third-party retailers, is a crucial strategy for expanding customer bases. Advanced baby monitors are a significant market segment benefiting from this trend, with the adoption of omnichannel strategies expected to drive growth during the forecast period. 

The Advanced Baby Monitor market is experiencing significant growth, driven by technological advancements and consumer demand for enhanced safety and convenience. Key features include real-time video streaming, temperature monitoring, two-way communication, and night vision. The market is segmented into wired and wireless monitors, with wireless monitors gaining popularity due to their mobility and ease of use. Parents value the ability to monitor their babies from anywhere, ensuring peace of mind and immediate response to baby needs. Companies focus on providing secure connections and user-friendly interfaces to meet consumer expectations. The market is expected to continue growing, driven by increasing awareness and demand for advanced baby monitoring solutions. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

The advanced baby monitor market faces challenges from low awareness and high product prices, particularly in developing regions. Perceived as luxury items, adoption is slow in Eastern Europe, MEA, and APAC. Companies like Owlet Baby Care and Angelcare offer advanced monitors priced at USD300 and USD250 respectively. To overcome these hurdles, market players focus on increasing awareness about the benefits of these devices. Despite these efforts, the high cost remains a significant barrier to growth during the forecast period.The Advanced Baby Monitor market faces several challenges in delivering optimal solutions for parents. Devices must be reliable and secure, with features such as temperature and sound detection, motion sensors, and video feeds. However, ensuring connectivity and battery life can be difficult. Additionally, privacy concerns arise with the collection and storage of data. Furthermore, the market is becoming increasingly competitive, with new players constantly entering the scene. To stand out, companies must offer unique features and competitive pricing. Overall, the Advanced Baby Monitor market requires continuous innovation and improvement to meet the evolving needs of modern parents.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

This advanced baby monitor market report extensively covers market segmentation by  

Distribution Channel1.1 Offline1.2 OnlineProduct 2.1 Under-the-mattress2.2 Diaper attachment2.3 Smart wearable2.4 Other formatsGeography 3.1 Europe3.2 North America3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Offline- The advanced baby monitor market faces a gradual decline in offline sales due to consumer preference for online shopping. To boost offline sales, vendors collaborate with local retailers, including baby product stores, home improvement stores, and consumer electronics stores. This intensifies competition, leading vendors to adopt new strategies such as product offerings and pricing. Additionally, business expansion and the rise of hypermarkets, supermarkets, and other retail formats contribute to market growth. Attractive discounts and schemes offered by these retailers help manufacturers reach more customers, driving market growth during the forecast period.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The Advanced Baby Monitor market is experiencing significant growth due to the increasing concern for infant safety in modern society. Technology, specifically Artificial Intelligence (AI), plays a pivotal role in enhancing the functionality of these devices. Sleep apnea, a health risk for infants, is addressed through AI-enabled monitors that can detect irregular breathing patterns. Single parent households and working parents greatly benefit from these smart devices, allowing them to ensure their child’s wellbeing while managing their professional commitments. Home Care and Day Care providers also utilize advanced baby monitors for the welfare of their charges. However, with the integration of the internet and cool features like online advertising, cyber security risks become a concern. Gender biases in advertising and marketing of these devices towards women professionals in Nuclear Families should also be addressed. Electronic Devices, equipped with Radio Transmitters and Video Transmitters, enable parents to monitor their child through a Portable Receiver.

Learn and explore more about Technavio’s in-depth research reports

The global underwater camera market is poised for significant growth, driven by advancements in waterproof technology and the rising popularity of water sports and underwater photography. Simultaneously, the global set-top box market is evolving, with increasing demand for smart TVs and over-the-top (OTT) services. On the other hand, the global home audio equipment market is experiencing robust expansion, fueled by consumer preferences for high-quality audio experiences and the proliferation of smart home devices. These trends highlight the dynamic nature of consumer electronics, underscoring the need for continuous innovation and adaptation in the market.

Market Research Overview

The Advanced Baby Monitor market encompasses innovative and technologically advanced baby monitoring systems designed to ensure the safety and well-being of infants. These monitors incorporate features such as temperature and humidity sensors, motion detection, sound detection, and high-definition video streaming. They allow parents to remotely monitor their baby’s environment and receive real-time alerts for any potential issues. Additionally, some advanced baby monitors offer two-way communication, enabling parents to soothe their baby with their voice. The market for these devices continues to grow as technology advances and parents seek peace of mind while caring for their little ones.

Table of Contents:

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

Distribution ChannelOfflineOnlineProductUnder-the-mattressDiaper AttachmentSmart WearableOther FormatsGeographyEuropeNorth AmericaAPACSouth 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

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Technology

VertexOne Celebrates Client Recognized for Digital Engagement Innovation at IUCX Amid Broader CX Transformation Push

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PHOENIX, May 9, 2025 /PRNewswire/ — VertexOne, a leading provider of cloud software designed to revolutionize the customer experience within the energy and utility industry, is pleased to be wrapping up this year’s 49th annual IUCX (formally CS Week) Conference on a celebratory note after its client, the City of Round Rock, Texas, took home top honors in two categories at this year’s IUCX’s Expanding Excellence Awards.

 

“These awards spotlight what’s possible when utilities have both a strong vision and the right tools to bring it to life” – VertexOne COO Tina Santizo

The city was honored for its leadership in digital engagement and project innovation, including a multi-phase customer portal initiative that helps residents gain greater control over their water usage and avoid high-bill surprises. The recognition capped off a high-visibility week for VertexOne, which launched its new customer engagement engine, VXconnect, on the first day of the conference.

Built on the foundation of proven value and functionality, VXconnect, was reimagined from the ground up as a single, unified SaaS system designed to help energy and utility providers evolve engagement, drive efficiency, and scale for what’s next.

A panel of IUCX judges selected winners in six categories – including four company, and two individual awards – with two of the four company categories featuring two winners based on company size: Level I for utilities grossing more than $1 billion in revenue, and Level II for those with an annual gross below $1 billion.

Innovation in Digital Engagement – Winner, City of Round Rock, Texas

The City of Round Rock, Texas taking home IUCX’s Innovation in Digital Engagement award, which salutes utilities that showcase technologically complex projects that improved services in the meter-to-cash CX lifecycle through digital engagement.

Round Rock awarded for their two-phased customer payment portal project which they undertook to empower customers with real-time usage information and customizable alerts for leaks and consumption thresholds to make informed decisions and avoid high bills.

IUCX Rising Star Award – Winner, Debbie Seman, City of Round Rock, Texas

Additionally, the City of Round Rock’s Utility Billing & Revenue Supervisor, Debbie Seman, was individually bestowed one of two distinguished 2025 Rising Star Awards for spearheading the utility’s consumption portal project, where she collaborated with IT, various departments and vendors as its project manager.

Seman, heralded specifically for her, “remarkable talent for implementing creative problem-solving techniques, approaching challenges collaboratively and refining processes with an unwavering can-do attitude,” according to her nominator. Adding that her excellence in “streamlining processes, introducing innovations, and fostering a positive work environment” as other accolades typical of Seman’s work ethic.

“Watching Round Rock succeed on this stage is incredibly meaningful,” said Keith Ahonen, SVP of Partners and Channels at VertexOne and former COO of Accelerated Innovations, acquired by VertexOne in December 2024.

“It’s gratifying to see the evolution – not just of the technology, but of the outcomes,” Ahonen added. “This kind of recognition shows how collaboration and innovation can come together to create real results.”

“These awards spotlight what’s possible when utilities have both a strong vision and the right tools to bring it to life,” said VertexOne Chief Operating Officer Tina Santizo. “Round Rock’s success reflects exactly why we built VXconnect; to empower forward-thinking teams with a unified, modern solution that moves beyond engagement into impact.”

Earlier in the week VertexOne leaders contributed to three high-impact IUCX sessions addressing key customer experience challenges and future-facing strategies: 

Reaching vulnerable customers through proactive, personalized engagementAdvancing water conservation with data-driven personalizationTransforming passive customers into active participants through behavior-based incentives.

IUCX is the premier educational and networking conference serving electric, gas and water/wastewater utility professionals across North America and around the world. It provides learning and connection opportunities in support of the utility CX lifecycle: Billing & Payments, Contact Center, Credit & Collections, Digital Engagement, Disruptors, Field Services, and Strategies & Analytics.

Click here for more information and a full list of this year’s slate of IUCX’s 2025 Expanding Excellence Award (EEA) winners and finalists.

About VertexOne
VertexOne is the leading provider of cloud-based SaaS solutions, powering the next generation of customer experience for utilities, energy retailers and energy transition providers. With more than 30 years of experience and 400 customers in the cloud, we capitalize on our deep expertise to provide a wide range of innovative solutions for digital transformation, revenue optimization and data-driven efficiency operations surrounding the customer. We empower our clients to deliver a compelling customer experience, reduce costs to serve, increase operational efficiency and improve customer satisfaction. For more information on how VertexOne allows you to enhance the digital customer experience, improve revenue management and leverage data analytics, visit vertexone.ai

MEDIA
Lynn Steinberg
VertexOne
lynn.steinberg@vertexone.net

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SOURCE VertexOne

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Progressive Planet Announces Stock Options

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Disclaimer:
This news release, required by Canadian laws, does not constitute an offer of securities and is not for distribution or dissemination outside Canada.

KAMLOOPS, BC, May 9, 2025 /CNW/ – Progressive Planet (TSXV: PLAN) (OTCQB: ASHXF) (“Progressive Planet”, “PLAN”, or the “Company”) announces that it has granted a total of up to 2,860,000 stock options to directors, officers, consultants and employees of the company, exercisable at a price of $0.18 per share for a period of five years from the date of grant. Of this amount, 2,110,000 of the options were issued to directors, officers, or insiders of the Company.

The options have been granted in accordance with the Company’s stock option plan and are subject to the applicable policies of the TSX Venture Exchange.

About Progressive Planet:

Progressive Planet, based in Kamloops, British Columbia, is redefining sustainability with our Products for a Healthy Planet™. By leveraging owned mineral assets and recycled materials, we develop patented and patent-pending innovations that promote a healthier planet.

Our C-Quester™ Centre of Sustainable Solutions leads advancements in low-carbon cement technologies, while our second on-site lab focuses on sustainable solutions for agriculture and animal care. Progressive Planet’s products are proudly available in over 10,000 retail locations across North America. For more information, visit progressiveplanet.com.

Progressive Planet provides regular information for investors on its website: progressiveplanet.com/investors/. This includes press releases and other information about financial performance, patents filed, and information on corporate governance.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements:

Certain statements in this release are forward-looking statements. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance, or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management’s current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements, including factors beyond the Company’s control. These forward-looking statements are made as of the date of this news release.

SOURCE Progressive Planet Solutions Inc.

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Galaxy Announces Results from Special Meeting

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NEW YORK, May 9, 2025 /CNW/ – Galaxy Digital Holdings Ltd. (TSX: GLXY) (“Galaxy” or the “Company”) is pleased to announce the results of votes on matters considered at its Special Meeting of shareholders (the “Meeting”) which took place on May 9, 2025.

The shareholders approved resolutions relating to the Company’s previously announced reorganization and domestication from the Cayman Islands to Delaware (together with the related transactions, the “Reorganization”)(for, against, withheld), specifically: (i) a special resolution to approve the reorganization and domestication of the Company by 66 2/3 majority (99.643%, 0.146%, 0.210%); and (ii) an ordinary resolution to approve the issuance of a number of Galaxy Digital Holdings Inc. Class B Common Stock following the domestication by a simple majority (98.816%, 0.694%, 0.490%) and a simple majority of shareholders excluding persons required to be excluded for the purpose of a “majority of the minority” vote in accordance with MI 61-101 (98.757%, 0.736%, 0.519%). The forgoing resolutions having passed by the requisite number of votes in favor, the ordinary resolution to approve the technical proposal allowing the chairman to adjourn the Meeting to a later date by simple majority was not formally put to the Meeting.

The parties anticipate the Reorganization will close on or around May 13, 2025, subject to the final approval by the Toronto Stock Exchange. Pending the closing of the Reorganization and final approval by Nasdaq, Class A common stock of Galaxy Digital Inc., the future public company incorporated in Delaware, is expected to begin trading on the Nasdaq on May 16, 2025, under the ticker symbol GLXY.

About Galaxy

Galaxy (TSX: GLXY) is a global leader in digital assets and data center infrastructure, delivering solutions that accelerate progress in finance and artificial intelligence. Our digital assets platform offers institutional access to trading, advisory, asset management, staking, self-custody, and tokenization technology. In addition, we invest in and operate cutting-edge data center infrastructure to power AI and high-performance computing, meeting the growing demand for scalable energy and compute solutions in the U.S. The company is headquartered in New York City, with offices across North America, Europe, the Middle East and Asia. Additional information about Galaxy’s businesses and products is available on www.galaxy.com.

Disclaimers and Additional Information
The TSX has not approved or disapproved of the information contained herein.

Forward-Looking Statements
The information in this document may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and “forward-looking information” under Canadian securities laws (collectively, “forward-looking statements”). Our forward-looking statements include, but are not limited to, statements regarding the Reorganization and the parties, perspectives and expectations, are forward-looking statements. In addition, any statements that refer to estimates, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecast,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. The forward-looking statements contained in this document are based on our current expectations and beliefs concerning future developments and their potential effects on us taking into account information currently available to us. There can be no assurance that future developments affecting us will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks include, but are not limited to: (1) the inability to complete the proposed Reorganization due to the failure to obtain regulatory or stock exchange approvals, or otherwise; (2) changes to the proposed structure of the proposed Reorganization that may be required or appropriate as a result of applicable laws or regulations or as a condition to obtaining regulatory or stock exchange approval of the Reorganization. Factors that could cause actual results to differ materially from those described in such forward-looking statements include, but are not limited to, a decline in the digital asset market or general economic conditions and changes in applicable law or regulation and adverse regulatory developments. Should one or more of these risks or uncertainties materialize, they could cause our actual results to differ materially from the forward-looking statements. We are not undertaking any obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise. You should not take any statement regarding past trends or activities as a representation that the trends or activities will continue in the future. Accordingly, you should not put undue reliance on these statements.

SOURCE Galaxy Digital Inc.

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