Regionally, North America accounted for the largest market share from countries such U.S., Canada and Mexico among others. The reason is attributed to growing demand for high-end technology solutions and uses of smart gadgets. However, Asia Pacific is expected to grow over the forecast period, 2018-2023.
The global parental control software market can be bifurcated as device type, platform, application and region. On the basis of device type, the market can be segmented as s digital television services, computer and video games and mobile. Based on platform, the market is segmented into android, IOS, windows and others. Residential, Educational Institutes and Others are the applications covered under the study of parental control software market.
Geographically, the market is segmented into North America, Europe, Asia Pacific and Rest of the World. The regional segment is further bifurcated into U.S., Canada, Mexico, UK, France, Germany, China, Japan and India.
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The factors contributing to the growth of the parental control software market are growing adoption of technology coupled with uncontrolled use of internet for negative purpose. Furthermore, factors such as increasing use of smartphones, incidences of cybercrime are expected to boost the growth of the parental control software market over the forecast period, 2018-2023. However, lack of awareness about parental control software is a factor hampering the growth of the overall market.
The global parental control software market is highly competitive. Various established international brands, domestic brands and as well as new entrants form a competitive landscape. The key players are nonstop increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio. The parental control software market is highly competitive due to the presence of several large vendors.
The global Parental Control Software Market is expected to reach approximately USD 9.50 billion by the end of 2023 with 9.50% CAGR during forecast period 2018-2023.
22nd March, 2018 – A recent update for the industry has come in from Australia. A mobile company named Alcatel just announced that henceforth all its devices will include a dedicated parental control software called ‘Family Zone’. It is basically a cloud-based ecosystem that enables parents to regularize the internet and device access for their little ones.
The key players in the global parental control software market include- McAfee (U.S.), Avanquest (France), Bitdefender (Balkans), Verizon (U.S.), CyberPatrol (England), IwantSoft (UK), SaferKid (California), Net Nanny (U.S.), Norton (U.S.), Webroot (U.S.) and Mobicip (U.S.) among others.
The worldwide parental control software has been segmented into three equal parts. They can be listed as below:
- Applications – Educational institutes and residential set ups.
- Device types – Computer and video games, mobile and digital television services.
- Deployment type – Cloud and on-premise.
- Platforms – IOS, windows and android.
The market for parental control software has been successful in making its mark all across the globe. Some of the major areas can be listed as North America, Asia Pacific, Europe and Rest of the World.
Out of all these regions North America accounts for the largest share of the market and sits at the top. The major cause for its expansion in this region is the presence of prominent players in this field. Countries like Canada and Mexico bring in the maximum amount of business for the market. Additionally, this region is also witnessing major technological advancements and is more accepting of smart gadgets.
Apart from this region, Asia Pacific is another area that the market has high hopes of. It will tread forward at an unprecedented rate with an encouraging CAGR during the forecast period.
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- Operating system providers
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