Parenting app market segments
Business Research Company recently released a comprehensive report on the global Parenting Apps market size and trends analysis and forecast 2024-2033. This latest market research report is packed with valuable insights and data including global market size, regional share, competitor market share, current trends, future opportunities, and key data to succeed in the industry.
According to a business research company, the parenting app market size has expanded rapidly in recent years and is projected to grow from $1.36 billion in 2023 to $1.53 billion in 2024, a compound annual growth rate (CAGR) of 12.6%. Growth during this historic period is driven by smartphone adoption, community building, emphasis on education, convenience and time management, and increasing health and safety concerns.
The parenting apps market size is expected to grow at a rapid pace over the next few years. It is expected to reach $2.49 billion by 2028, at a compound annual growth rate (CAGR) of 12.9%. Growth during the forecast period is attributed to customization and personalization, integration of AI and machine learning, IoT and smart parenting devices, virtual support services, inclusive and diverse content, and evolving privacy and security features. Key trends during the forecast period include digital content consumption, personalized content and recommendations, integration of wearable technology, remote learning and teaching capabilities, and diversity and inclusion.
For the full report,
https://www.thebusinessresearchcompany.com/report/parenting-apps-global-market-report
Market drivers and trends:
The growing penetration of smartphones is expected to drive the growth of the parenting app market in the future. A smartphone refers to a mobile phone with a built-in computer as well as features not found in previous mobile phones, such as an operating system (OS), web browsing, and the ability to run software programs. Smartphones are used to access parenting apps, assist parents with child development resources and tracking tools, and streamline the parenting process. For example, according to Uswitch Limited, a UK-based financial conduct regulator, in November 2023, mobile connections in the UK will reach 71.8 million from 2022, an increase of 3.8% (about 2.6 million) from 2021. The UK population is expected to increase to 68.3 million by 2025, of which 95% (about 65 million) will own a smartphone. Therefore, the growing penetration of smartphones is driving the growth of the parenting app market.
Leading companies operating in the parenting app market are focusing on developing apps that have access to resources to maximize their profits in the market. Apps that have access to resources typically refer to software applications that have the authority to utilize various data, services, or hardware components on a device or network. For example, in March 2022, Talkspace Inc. released a new app called Lasting’s Parenting Guide. The app is designed to help parents feel more confident in their approach to parenting by providing self-guided sessions and live classes. The app’s content library applies proven psychological approaches to help parents with issues such as anxiety, sibling conflict, and emotion coaching. The Lasting Parenting Guide app offers an evidence-based approach to modern parenting and helps parents raise healthy and resilient children in the post-pandemic world.
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https://www.thebusinessresearchcompany.com/sample.aspx?id=13504&type=smp
Major Key Players in the Market:
Key companies operating in the Parenting Apps market report are Alphabet Inc., Microsoft Corporation, AT&T Inc., Avast Software sro, AO Kaspersky Lab, WebMD LLC., Babytree Inc., Family Zone Cyber Safety Ltd., Babycenter LLC, Ovuline Inc., WeParent, Bark Technologies Inc., The Bump, Custody X Change, OurFamilyWizard LLC, CPP Co-Parent Planner Inc., Mobicip LLC, AppClose Inc., Applied Life Private Limited, Babytime Inc., Blub Blub Inc., Peanut App Ltd., Seacloud Software LLC, Talking Parents, Kinedu Inc., and Nighp Software LLC.
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