Pet Sitting Market is Estimated to Witness High Growth Owing to...

Pet Sitting Market is Estimated to Witness High Growth Owing to Proliferation of Cloud-Based Technology

Сообщение 2024-08-16 10:00:38

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The pet sitting market involves professional pet care services including daily pet visits, overnight pet stays, drop-in services and pet transportation. The services help pet owners manage their pets when they are away from home for work, vacations or other commitments. The demand for pet sitting services is rising due to increasing pet humanization where pets are considered as companions rather than property. Furthermore, rising disposable income and dual income households have increased pet ownership which requires proper care when owners are away.

The pet sitting market is estimated to be valued at USD 2.41 Bn in 2024 and is expected to reach USD 5.35 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 12.1% from 2024 to 2031.

Key Takeaways

Key players operating in the pet sitting market are A Place for Rover, Inc., Pets at Home, Inc., Wag! Group Co., PetBacker, Careguide Inc., Fetch! Pet Care, Holidog.com, PetSmart LLC, Dogtopia Enterprises, Swifto Inc. Holidog, Mad Paws, PetBacker, Trusted Housesitters Ltd., Pawshake , and Sittercity Incorporated. The key players are focusing on service expansions and development of advanced cloud-based platforms for efficient management of pet sitting services.

The growing Pet Sitting Market Demand ownership is generating substantial opportunities for players in the form of increasing demand for single-day pet sitting, overnight pet boarding services and dog walking services. Furthermore, ongoing trend of nuclear families and rise in pet humanization are encouraging more people to opt for professional pet care services.

Proliferation of cloud-based technology solutions is aiding pet sitters and pet owners to manage their services remotely. The cloud platforms provide features like real-time booking, instant communication, automated reminders and digital payment solutions enhancing transparency and convenience. This enhances customer satisfaction and encourages higher adoption of pet sitting services.

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