The parental control software is designed to restrict children’s internet accessibility. Increase in malpractices of internet by children is raising concern among parents and is the most important driving force for the parental control software market growth.
Market Research Future (MRFR) analyzed that the global Parental Control Software Market is likely to grow to USD 2.53 Bn by the end of the forecast period of 2018-2023.
The increasing use of social media platforms among minors and surging cases of cyberbullying are factors anticipated to influence the growth of the global parental control software market positively. Excessive use of digital devices by children and their exposure to inappropriate online contents like violent videos, aggressive or sexual comments, games, pictures, and others are negatively impacting juvenile behaviour. Other adverse effects of the increase in social media engagement are reduced sports activities and academic loss. The Centers for Disease Control and Prevention in 2017, reported that 14.9% of high school students were cyberbullied on social media platforms.
These issues are sensitive and should be handled with care. However, these factors are scaling up the global parental control software market growth.
Social media games like Blue Whale Challenge and Sarahah were designed in a way, which challenged children to take up fatal tasks. These dangerous incidents have prompted parents to resort to parental control software for monitoring activities of their children.
The parental control software has features that set time limit to access internet for a specific duration in a day and restrict access to irrelevant websites and specific programs. These are driving forces for the global parental control software market expansion.
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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.
By device type, the global parental control software market has been segmented into mobile, computer & video games, and digital television. Although the computer & video games segment is poised to dominate the global market, the mobile segment is likely to exhibit the steepest rise in the growth curve over the next couple of years.
By platform, the parental control software market has been segmented into Android, iOS and Windows. Among these, the android segment has been prognosticated to strike a CAGR of 11.83% during the forecast period.
By deployment, the global parental control software market has been segmented into on-cloud and on-premise. The on-cloud segment is expected to gain momentum in the years to come.
By application, the parental control software market has been segmented into residential and education institutes. Among these, the education institutes segment holds a dominant share of the market. Meanwhile, the residential segment is likely to witness acceleration of revenue creation in the foreseeable future.
By region, the global parental control software market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). North America is anticipated to exercise dominance over the global market across the review period. Its valuation is forecasted to reach USD 1,119.62 Mn towards the end of 2023. Europe is another important growth pocket expected to strike a CAGR of 10.23% over the assessment period. Asia Pacific has gained quick mileage and is prognosticated to register a comparatively higher CAGR over the next couple of years.
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