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Parental Control Software Market Segments 2024-2033 | Size, Share And Insights
Parental Control Software Market Segments
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According to The Business Research Company's, The parental control software market size has grown rapidly in recent years. It will grow from $1.89 billion in 2023 to $2.16 billion in 2024 at a compound annual growth rate (CAGR) of 14.2%. The growth in the historic period can be attributed to the rise in internet usage among children, increasing concerns about online safety, the proliferation of digital devices, the expansion of social media platforms, and the rising demand for screen time management.
The parental control software market size is expected to see rapid growth in the next few years. It will grow to $3.72 billion in 2028 at a compound annual growth rate (CAGR) of 14.6%. The growth in the forecast period can be attributed to increasing integration with smart home devices, heightened awareness of digital addiction, growing use of remote learning platforms, demand for comprehensive digital family protection solutions, and evolving regulatory frameworks enhancing online safety standards. Major trends in the forecast period include the adoption of AI-driven monitoring features, integration with IoT devices, personalized and adaptive control settings, greater emphasis on data privacy and security, advancements in real-time activity reporting and analytics, and the adoption of cloud-based solutions.
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Market Drivers and Trends:
The increasing internet penetration is expected to propel the growth of the parental control software market going forward. The Internet is a global network of interconnected computers and servers that communicate via defined protocols, allowing for data transmission and facilitating access to information and interaction via various platforms and services such as email, social media, and streaming. The penetration of the Internet is due to digital communication, online streaming, e-commerce, and improved Internet infrastructure. Parental control software allows parents to regulate and monitor their children's online activity by establishing usage limits, filtering inappropriate information, and tracking browsing habits. It protects youngsters from online risks and encourages appropriate internet use. For instance, in January 2024, according to a report published by the Pew Research Center, a US-based nonpartisan American think tank, the percentage of U.S. adults using the Internet increased from 91% in 2021 to 95% in 2023. Therefore, increasing internet penetration is driving the growth of the parental control software market.
Major companies operating in the parental control software market are focused on developing advanced technologies, such as AI-powered monitoring apps, to provide specific boundaries to protect children's internet activity. An AI-powered monitoring app is a software application that uses artificial intelligence to oversee and manage user activities. It tracks children's online behavior, identifies potential risks, and provides recommendations for digital safety. For instance, in February 2023, Reason Cybersecurity Ltd., a US-based cybersecurity company, launched FamilyKeeper, a parental control app for Android and iOS. This app empowers parents to monitor their children's social media chats for content and interactions. It also tracks their location via the child's device and helps manage screen addiction by allowing time limits on device use. FamilyKeeper also offers guidance on mitigating online risks and navigating digital challenges, providing tips and best practices for parents. Its suite of tools includes geolocation, screen time scheduling, and keyword monitoring to address various safety issues in the digital world.
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Major Key Players of the Market:
NETGEAR INC., AO Kaspersky Lab, ESET spol. s r.o., Bitdefender, Panda Security S.L.U, F-Secure Corporation, Webroot Software Inc., Securly Inc., Sophos Ltd., Covenant Eyes Inc., Qustodio LLC, Bark Technologies Inc., Net Nanny, Mobicip LLC, Screen Time Labs Ltd., Norton Family, Surfblocker, Kidgy, Spyrix, GRYPHON Online Safety Inc., OurPact
Parental Control Software Market 2024 Key Insights:
• The parental control software market size is expected to see rapid growth in the next few years. It will grow to $3.72 billion in 2028 at a compound annual growth rate (CAGR) of 14.6%.
• Growing Internet Usage Drives Expansion In The Parental Control Software Market
• Advancements In AI-Powered Parental Control Software For Enhanced Online Safety
• North America was the largest region in the parental control software market in 2023
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Email: info@tbrc.info
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Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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