Parental Control Software Market Overview, Dynamics, Key Players, Opportunities and Forecast to 2030
Parental Control Software Market Insight
Market Research Future, in its latest study, reveals
that the global Parental Control Software
Market 2022 is showing an
optimistic sign to take a considerable jump relatively at 8.26% CAGR with
USD 2.45 billion to hit their net worth amid COVID 19 pandemic. The growth of
the market would expect to continue in the years (2022-2030), which is stated
to be the forecast period. The parental
control software market is a growing industry that focuses on creating software
designed to restrict access to certain content and limit the time spent on
devices by children.
The market is being driven by factors such as rising
concerns about the impact of excessive screen time on children's health,
advancements in technology, and increasing awareness of online child safety
among parents. The market is also characterized by intense competition among
vendors, who are constantly seeking to innovate and develop new features for
their products, to remain competitive and capture a larger share of the market.
Top Companies
The top companies investing in the global parental
control software market are Avanquest (France), McAfee LLC (US), SaferKid (US),
Bitdefender (Romania), Webroot Inc. (US), Symantec Corporation (US), Verizon
Communications Inc. (US), Content Watch Holdings, Inc. (US), and Trend Micro
Inc. (Japan) and Mobicip LLC (US).
Top Impacting Factors
Parental
control software is known for consisting of features that help parents and
guardians monitor their children's activities such as usage of mobile phones
and other smart devices. Parental control software is mainly designed to
protect and secure children from online threats counted as explicit content,
cyberbullying, overuse of Internet-connected devices, and violence. The
software is also helpful in blocking websites, monitor calls & SMS along
with setting screen time. The innovative technology in the software also made it
popular as parents can track their children's live location and track them
whenever required. These features have increased the popularity of parental
control software that affected the market to a large extent, globally.
The most crucial factor which is driving the parental
control market is a considerable surge in the practice of social media
platforms by children. Social media platforms such as Facebook, Instagram,
Whatsapp, Snapchat, Twitter, and many similar to these can be linked together
for users to cross-post. On the other side, social media channels also have
numerous disadvantages, such as sexting, anti-social behavior, and more. As a
result of these, social media platforms are concurrently escalating the use of
parental control software for parents to observe and mentor their children's
online activities and social media mistreat.
MRFR also reveals that rising cyberbullying cases
across the globe is driving the growth of the market. In the case of point, in
2017, centers for Disease Control and Prevention (CDC) in the US recorded that
14.9% of high school students were cyberbullied through Facebook, texting,
Instagram, and other social media connections. The percentage of students who
were bullied has not seen a significant change from the year 2011 to 2017.
On the contrary, the factor of lack of awareness among
the users concerning parental control software hampers the growth of the global
parental control software market globally.
Segmentation of Market: Parental Control Software
For further analysis of the global Parental Control
Software market, segmentation is conducted over device type, platform,
deployment, ad application type.
By device type segment, the market has included
computer & video games, mobiles, and digital television. Among these, the
computer & video games segment might hold the largest market share of
53.3%, growing with a CAGR of 7.82%. Parental controls are being provided for
computers and video games to limit the children's activities. Parents usually
deploy such software when the child has complexity limiting the time being
spent in playing games.
By platform type segment, the market has included
Android, iOS, and Windows.
By deployment type segment, the market has included
on-cloud and on-premise.
By application type segment, the market has included
residential and education institutes.
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Regional Analysis
The global parental control software market,
regionally, has been studied among Europe, North America, Asia-Pacific, and the
rest of the world.
The region of North America earned the largest market
share of 46.370.5% back in the year 2017, with a market value of USD 705.81
million. In the current study, the market is expected to register 8.63% CAGR,
thus leads the market. The growth in the market in North America is focused on
the boost in internet usage among children, the high rate of adoption of
smartphones and tablets among children, growing cases of cyberbullying
activities in the country, and the appearance of harmful games such as Blue
Whale Challenge. These have eventually asked the recruited kids to commit
suicide in their final tasks. In fact, the increasing use of social media
platforms in the country and proficient funds from top players of the market in
research and development of parental control software solutions are also contributing
to boosting the market in North America.
The market in Europe was at the second-largest
position in 2017 and was valued at USD 436.15 million. Now, it is projected to
expand at the highest CAGR of 10.23%.
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