Parental Control Software Market Insight
The Parental Control Software Market is anticipated to grow
rapidly at a CAGR of 9.54% during the forecast period 2018–2023. The global
parental control software market is driven by increasing use of social media
and the internet by kids and teens. These factors have helped shape the
parental control software market and are expected to boost the growth. Companies
in the parental control software market could also face challenges such as
inefficiency of software tools to protect against all type of harmful content
and high cost of software services. The details covered in the parental control
software market report cover all the aspects of the industry. parental control
software market analysts have also shared growth projections in the report and
have suggested parental control software market players to plan growth
strategies accordingly.
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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).
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.
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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