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Presentation - Team Artboard - 9.28

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Presentation - Team Artboard - 9.28

  1. 1. Markets Lessons Learned Team Artboard Asher | Ruitao | Tara | Elvin
  2. 2. Hypothesis Parents of children of 6-12 years old could benefit from the better ways to: ● teach children to gain self-control when using digital devices ● keep children protected from negative content on the Internet and are willing to pay for ● an educational experience for parents/children. ● a service that creates a safe and healthy digital environment.
  3. 3. Primary research: Scheduled interview (First week) Intercept Interview (Second week) Secondary Research (include market research, competitive research) Research Method
  4. 4. Who we spoke with: Parents who have children age 4-13 Where: Oakland Ice Center, Downtown San Francisco, Alameda Interview
  5. 5. Bruce: “I really concern about the content they are reading. Like sexual content or violence content is not allowed for them watching. I think It is fine for adults, not for children.” Andy and Alex: My son spend too much time on games.” Interview
  6. 6. Kevin: “If you restrict, then they are going to do it.” Alice: “If they go to their friends’ home to sleep over, we can not control them whether they play pads or not.” Jessica: “I want to learn how to teach my kids of self-control on games. I read articles online and PTA Facebook group post. But that’s not very effective to me.”
  7. 7. Parents of children aged 6–13 who has just started to use digital devices Parents don’t know how to raise the children’s awareness of time spent on digital devices A digital product that visualizes children’s screen time to the family, helping them communicate how to properly spend time on digital devices PEOPLE PROBLEM PRODUCT Molecule
  8. 8. Behavior/mental health software ImagefromGoogle Related Markets Parental control software
  9. 9. Parental control software Behavior/mental health software ImagefromGoogle Related Markets
  10. 10. With children who have access to digital devices Over 100 Million (age 5-13 in 2018) https://blog.euromonitor.com/2013/11/kids-as-digital-consumers-growing-impact-of-the-under-15 -consumer-segment.html Market Overview
  11. 11. Children (0-14) population growth rate 3.9% (age 0-14 as 2013-2022) Adding potential customers for consumption of technology services 1.9 billion https://blog.euromonitor.com/2013/11/kids-as-digital-consumers-growing-impact-of-the-under-15 -consumer-segment.html Market Overview
  12. 12. http://bi.galegroup.com.ezproxy.sfpl.org/global/article/GALE%7CAA120479507?u=sfpl_main&sid=s ummon $ 90.9 Million in 2018 Global Parental Control Industry Revenue Market Overview
  13. 13. http://bi.galegroup.com.ezproxy.sfpl.org/global/article/GALE%7CAA120479507?u=sfpl_main&sid=s ummon $ 90.9 Million in 2018 $ 223.1 Million by 2028 expanding at a CAGR of 9.4% Global Parental Control Industry Revenue Market Overview
  14. 14. http://bi.galegroup.com.ezproxy.sfpl.org/global/article/GALE%7CAA120479507?u=sfpl_main&sid=s ummon "While advanced digital education for children remains deficient, the demand for control and blocking solutions remains high, and is creating a highly fragmented, ad-hoc yet competitive market for parental control vendors. Over time, however, as the digital knowledge gap closes, educational solutions will feature much more prominently in the market for child online protection.” – Michela Menting, senior analyst at ABI Research Market Overview
  15. 15. 4.2 billion Internet user in the world 1.4 billion Internet users under 18 https://www.unicef.org/publications/files/SOWC_2017_ENG_WEB.pdf https://www.internetworldstats.com/stats.htm TAM
  16. 16. https://www.unicef.org/publications/files/SOWC_2017_ENG_WEB.pdf https://www.internetworldstats.com/stats.htm ~ $ 90.9 Million Revenue estimation TAM
  17. 17. https://www.futuremarketinsights.com/reports/parental-control-software-market Parental Control Market Value Share by Region in 2018 (%) 36.9% North America region, mainly US and Canada NA parental control market revenue = $90.9M × 36.9% = $33.5M TAM $90.9M SAM
  18. 18. £1M Revenue at the 2-year mark https://screentimelabs.com/silicon-gorge-alive-well-bristol-screen-time-labs-chalks-million-po und-turnover-two-year-mark/ TAM $90.9M SAM $33.5M SOM Screen Time Labs Parental Control Software Startup Founded in 2013
  19. 19. Screen Time Labs Parental Control Software Startup Founded in 2013 £1M Revenue at the 2-year mark https://screentimelabs.com/silicon-gorge-alive-well-bristol-screen-time-labs-chalks-million-po und-turnover-two-year-mark/ Screen Time Labs’ 2nd-year Global Annual Revenue = £1M ($1.31M) ÷ 2 = $650K TAM $90.9M SAM $33.5M SOM
  20. 20. Screen Time App Revenue in App Store by Region in August 2018 (%) 29% Screen Time iOS App revenue estimated in US and Canada in August 2018 https://sensortower.com/ TAM $90.9M SAM $33.5M SOM Screen Time Labs’ 2nd-year NA Annual Revenue = $650K × 29% = $189K
  21. 21. Screen Time Labs’ 2nd-year NA Annual Revenue = $650K × 29% = $189K 29% Screen Time iOS App revenue estimated in US and Canada in August 2018 https://sensortower.com/ Screen Time Labs’ 2nd-year Estimated Market Share = $189K ÷ $33.5M = 0.564% TAM $90.9M SAM $33.5M SOM
  22. 22. What would be our market share in 2 years? It’ll be higher because... ● Educational solution is more profitable in the future ● A modest calculation ● NA is not Screen Time Labs’ focus It’ll be lower because… ● Educational solution is riskier with few good industry examples ● Screen Time Labs ran well (they got acquired in 2016) ● We only cover one platform for MVP TAM $90.9M SAM $33.5M SOM
  23. 23. 0.5~1% Our estimated NA market share in 2 years Our 2nd-year NA Annual Revenue = $33.5M × 0.5%~1% = $168K~336K TAM $90.9M SAM $33.5M SOM What would be our market share in 2 years?
  24. 24. TAM Global Parental Control Software Market Revenue $90.9M SAM NA Parental Control Software Market Revenue $33.5M SOM Our Estimated Revenue in 2 years $168K~336K Yay!
  25. 25. References https://www.futuremarketinsights.com/reports/parental-control-software-market https://www.prnewswire.com/news-releases/parental-control-software-market-to-register-high-value-growth-at-94-cagr-durin g-2018-to-2028-686820471.html https://www.ofcom.org.uk/__data/assets/pdf_file/0020/108182/children-parents-media-use-attitudes-2017.pdf

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