The Child Day Care Services Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Child Day Care Services Global Market Report 2024, The child day care services market size has grown strongly in recent years. It will grow from $310.3 billion in 2023 to $332.51 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to female labor force participation, changing family structures, government subsidies and programs, educational emphasis, urbanization.
The child day care services market size is expected to see strong growth in the next few years. It will grow to $434.69 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to remote work policies, flexible scheduling options, quality accreditation, crisis preparedness, inclusive child care, public-private partnerships. Major trends in the forecast period include technological integration, emphasis on early childhood education, health and safety protocols, diversity and inclusion initiatives, green and sustainable practices.
An expected increase in the women’s employment rate in the forecast period is estimated to drive the market for child care. For instance, the share of women in the labor force in the USA is expected to increase to 47.2% in 2024, driving the demand for on-site childcare facilities at corporates. The rise of the on-site child care market is also highly supported by government initiatives to encourage women to work, which will directly contribute to the growth of the child care market in the forecast period.
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The child day care services market covered in this report is segmented –
1) Child Day Care Services Market By Type: Baby And Child Day Care Centers, Pre-Kindergarten And Preschool Centers, Nursery Schools
2) Child Day Care Services Market By Type of Location: Center-Based, Home-Based
3) Child Day Care Services Market By Type of Expenditure: Public, Private
4) Child Day Care Services Market By Age Group: Less Than 1 Year, 1-2 Years, 2-4 Years, 4-6 Years, Above 6 Years
Top Major Players
KinderCare Education LLC
Learning Care Group
The Learning Care Group Inc.
Bright Horizons Family Solutions Ltd.
G8 Education LLC
Child daycare centers are leveraging technologies to facilitate parents to stay connected with their children. Many daycare centers are using apps to provide video streaming of classroom activities and send pictures of kids to parents. This technology enables parents to monitor their child at the care center by accessing videos and pictures of kids at child daycare centers. For instance, in Canada, Trust Child Care Centers partnered with Parent Care Network to provide video over the internet to parents to help them monitor child activities at the daycare center. Bloomz, Eleyo, OnCare, myKidzDay, and KidCheck are some of the companies providing child care software, applications, and technologies utilized by care service providers.
The child day care services market report table of contents includes:
1. Executive Summary
2. Child Day Care Services Market Characteristics
3. Child Day Care Services Product/Service Analysis -Product/Service Examples
4. Child Day Care Services Market Trends And Strategies
5. Child Day Care Services Market – Macro Economic Scenario
……
68. Global Child Day Care Services Market Competitive Benchmarking
69. Global Child Day Care Services Market Competitive Dashboard
70. Key Mergers And Acquisitions In The Child Day Care Services Market
71. Child Day Care Services Market Future Outlook and Potential Analysis
72. Appendix
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