ALBANY, New York, November 3, 2016 /PRNewswire/ -- According to Transparency Market Research, the global baby monitors market was valued at US$876.8 mn in 2015 and will reach US$1,291.8 mn by 2024 in terms of revenue. Over this period, the market will expand at a CAGR of 4.4%. In terms of connectivity of baby monitors, the wireless section held the majority of the market, accounting for nearly 82.8% in 2015. From a geographic perspective, the North America market led with over 40% of the global baby monitors market in the same year and is expected to retain dominance over the forecast period as well. The Asia Pacific market, however, is expected to be the most promising regional market over the forecast period. Download PDF Brochure for Market Insights:http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=5156Rising Preference for Online Retail to Boost Global Sales One of the key factors driving the global baby monitors market is the vast rise in the number of online retailers of baby products. The easy availability of a wide array of baby monitors that parents can choose from, without having to rely on the time-consuming task of shopping in the physical world, has significantly boosted the sales of baby monitors globally. Moreover, the intense competition among online retailers could help parents land into some really good deals for these products. In the next few years, the online retail segment will be one of the key propellers of the global baby monitors market. Apart from this, the market is also highly influenced by rising per capita spending on child care products across developing economies and the rising trend of both parents taking up full-time jobs and enrolling kids to day care facilities. As a way of keeping an eye on the kid's activities throughout the day or making sure that the kid is safe and secured in the day care, an increasing number of parent are preferring day care facilities with baby monitors in place, which can be controlled via applications installed on the parent's or the guardian's smartphone.