Press Release / Global Parental Control Software Market
Parental Control Software Market Value to Reach USD 3.54 billion by 2032; Growing Access to Social Media to Boost Market Growth
July 07, 2023 | Information & TechnologyThe global parental control software market size touched USD 1.25 billion in 2023 and is predicted to reach USD 1.40 billion in 2024. The market is anticipated to touch USD 3.54 billion by 2032, recording a CAGR of 12.3% over 2024-2032.
Fortune Business Insights™ presents this information in its latest report titled “Parental Control Software Market Size, Share & COVID-19 Impact Analysis, By Operating System (Windows, Android, iOS, Cross Platform/Multiplatform), By Deployment (On-premise, Cloud), By Application (Residential, Educational Institutes), and Regional Forecast, 2024-2032”.
A growing percentage of the younger population is gaining access to the internet, especially after the COVID-19 pandemic. Since the outbreak had forced schools and other educational institutions to shut down their campuses to mitigate the spread of the virus, the switch to online learning skyrocketed during this period. This scenario not only offered children more avenues to gain valuable information and expand their knowledge base, but also expose them to more online threats. These factors are expected to boost the parental control software market share during the forecast period.
Rising Demand for Online Education Platforms Boosted Product Demand During COVID-19 Pandemic
The COVID-19 pandemic had a positive effect on the parental control software market growth as more schools and colleges switched to online education platforms. According to UNESCO, from March 2020, around 1.3 billion students around the globe were not able to attend universities or schools. This scenario augmented children’s risk of being exposed to various online threats, further fueling the demand for parental control software.
Growing Access to Social Media to Boost Market Growth
The installation of various social media applications witnessed tremendous rise in recent years, especially during the COVID-19 pandemic. These platforms are predicted to be one of the most important sources of data, engagement, and communication. Moreover, an increasing percentage of children aged 5 years and above are gaining access to the internet and social media platforms. This factor has made them more prone to cybercrimes, such as cyberbullying and access to illegal websites that may contain harmful content. This factor has prompted parents to seek innovative software that can help them monitor their child’s online activities. Seeing the growing demand for these software, many companies are introducing parental control features in their applications to make their platforms safer and healthier. These factors are estimated to boost the demand for parental control software in the coming years.
To get a detailed report summary and research scope of this market, click here:
https://www.fortunebusinessinsights.com/parental-control-software-market-104282
Competitive Landscape
Companies to Expand Business Operations to Boost their Market Position
Some of the key players operating in the market are engaging in partnerships, mergers, and acquisitions to expand their global presence and customer base. They are offering a wide range of innovative parental control solutions to make it a safer and healthier place for interactions. They are also trying to improve their existing products by upgrading their features, further cementing their positions in the market.
Notable Industry Development:
- August 2022 – Snapchat, a messaging app, announced the launch of its first parental control tool named Family Center. This tool would allow parents to access their children’s mobile devices to check their interactions and activities.
List of the Companies Profiled in the Report:
- Alphabet Inc. (Google LLC) (U.S.)
- AO Kaspersky Lab (Russia)
- AT&T Inc. (U.S.)
- Mobicip.LLC (U.S.)
- McAfee, LLC (U.S.)
- Microsoft Corporation (U.S.)
- Avast Software s.r.o. (Czech Republic)
- NortonLifeLock Inc. (U.S.)
- Qustodio SL (Family Zone Cyber Safety) (Spain)
- Bark Technologies, Inc. (U.S.)
Further Report Findings
- North America is anticipated to capture the largest global market share as the region is widely known for its early adoption of latest technologies. Countries across North America are introducing advanced technologies to not only improve the functioning of their education sector but also enhance their students’ learning experiences. Moreover, the regional governments are introducing a wide range of laws and regulations to keep children safe from online threats while browsing the internet. These factors are expected to improve the regional market outlook during the forecast period.
- The Asia Pacific market is also anticipated to showcase robust growth during the forecast timeframe. Many leading market participants are viewing this region as one of the most lucrative markets for expanding their business networks. Many schools and colleges across the region are increasing their dependence on e-learning platforms to improve students’ learning capabilities and enhance their experience. However, as more children gain access to the internet, the more they become vulnerable to threats, such as online bullying and illegal hacking. These aspects are estimated to contribute to the regional market growth.
- The residential segment is anticipated to hold a dominant position in the global market. Issues, such as rise in use of social media, cyberbullying, increasing screen time, child-abuse, and fear of children getting exposed to inappropriate content have urged many parents to look for advanced software that can keep their children safe on online platforms. The COVID-19 outbreak further raised many data security concerns among users of online education platforms due to the sudden switch to online learning platforms during the lockdown period.
Table of Segmentation
ATTRIBUTE | DETAILS |
Study Period | 2019-2030 |
Base Year | 2022 |
Estimated Year | 2023 |
Forecast Period | 2023-2030 |
Historical Period | 2019-2021 |
Growth Rate | CAGR of 12.7% from 2023 to 2030 |
Unit | Value (USD billion) |
Segmentation | By Operating System, Deployment, Application, and Region |
By Operating System |
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By Deployment |
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By Application |
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By Region |
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- 2023
- 2019-2022
- 120
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