Parental Control Software Market to Capitalize on Rising Penetration of Internet Services | Parental Control Software Market Anticipated to Scale a Valuation of USD 2.53 Bn by 2023

The rising shift towards online services witnessed in the education sector is encouraging the large-scale adoption of parental control software globally. Parents are getting increasingly aware of the cons associated with uninhibited exposure to internet services. This, in turn, is prognosticated to catapult the market on an upward trajectory.

Pune, INDIA


Pune, India, April 09, 2019 (GLOBE NEWSWIRE) -- Market Research Future (MRFR)’s latest report indicates that the global parental control software market is expected to expand at a CAGR of 9.54% over the projection period 2018 to 2023. The global market has been prognosticated to grow from USD 1.52 Bn in 2017 to USD 2.53 Bn towards the end of 2023. An upswing being observed in cyberbullying cases in conjunction with the growing market presence of internet services is motivating parents to adopt parental control software. This software offers choice and flexibility in setting security parameters which are anticipated to encourage large-scale deployment in the upcoming years.

Children and teenagers form a substantial proportion of demography. Although internet provides umpteen exposure to knowledge, the cons associated with access to violent, sexually explicit and other inappropriate content raises red flags. Parents are emphasizing on nurturing psychological development of their children by harnessing the pros and cons of the internet. In addition, the internet has been witnessed to pave its way across the education sector which further intensifies the need for advanced parental control software.

Social media platforms have catalyzed the growth of the parental control software market. Increasing addiction to social media networks is expected to boost the growth pattern of the market. The report suggests that the market is poised to gain momentum over the next couple of years. The influx of new entrants coupled with product developments and innovations are forecasted to dominate the future trajectory of the market. Case to the point is, D-Link has announced the launch of its latest Wi-Fi router that comes with unparalleled parental controls. On the contrary, the lack of awareness in the emerging economies of Asia Pacific, Africa, and Latin America are projected to undermine market growth in the foreseeable future.

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Market Segmentation:

This MRFR report covers a segmental analysis of the global parental control software market based on device type, platform, deployment, and application. By device type, the market has been segmented into mobile, computer & video games, and digital television. The computer & video games segment was valued at USD 812.40 Mn in 2017 and is presumed to hold a significant share of the market. Also, the mobile devices segment is likely to gain traction in the years to come. It is forecasted to emerge as the fastest growing segment by the end of 2023.

The parental control software market, by platform, has been segmented into Android, iOS, and Windows. Among these, Windows held the maximum market share in 2017, whereas, the Android segment is anticipated to exhibit a relatively higher CAGR of 11.83% during the forecast period.

Based on deployment, the market has been segmented into on-cloud and on-premise. The on-premise segment is forecasted to retain the leading position through the assessment period. Meanwhile, the on-cloud segment is expected to gain quick mileage over the next couple of years. It is poised to scale a CAGR of 11.85% across the review period.

By application, the Parental Control Software Market has been segmented into residential and education institutes. Among these, the technology has widely penetrated the educational institutes segment owing to rising adoption in schools and colleges. Also, the towering demand from the residential segment is likely to exhibit a CAGR of 11.84% over the projection period.

North America Expected to Lead the Growth of the Global Market

The geographical assessment of the global parental control software market has been segmented into North America, Europe, Asia Pacific, the Middle East & Africa (MEA), and Latin America. North America is the largest market for parental control software. The factors that are likely to favor the escalating adoption of the technology are increasing cases of cyberbullying, presence of online predators, and large-scale penetration of smartphones. Also, the presence of the U.S., Canada, and Mexico is prognosticated to have a positive influence on the growth pace of the regional market.

Europe is an important growth pocket projected to thrive at 10.23% CAGR over the forecast period. Supportive regulatory frameworks in conjunction with the consolidation of developed economies are forecasted to augment the parental control software market in the region. Asia Pacific is presumed to scale a CAGR of 12.01% over the assessment period. A drastic increase in access to dating sites, internet services, etc. is likely to motivate the growth pattern of the market in the forthcoming years.

Key Players:

The noted players operating in the global parental control software market are Content Watch Holding Inc., Mobicip, Symantec Corporation, SaferKid, Claranova, Webroot, Bitdefender, Verizon, Trend Micro, and McAfee LLC.

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Latest Industry News:

Google LLC, an American multinational technology company, has announced the launch of ‘Family Link,’ a parental control software, for mobile devices in India.

Verizon Wireless, an American telecommunications company, has redesigned its parental control software application “FamilyBase.” It is now known as “Smart Family.”

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