Global Children Day Care Services Market

Global Children Day Care Services Market Size, Share, Growth Analysis, By Application(Center-based, Home-based), By Type(Baby, Child Day Centers) - Industry Forecast 2024-2031

Report ID: SQSG25R2004 | Region: Global | Published Date: February, 2024
Pages: 257 | Tables: 64 | Figures: 65

Global Children Day Care Services Market Dynamics

Children Day Care Services Market Driver

  • Child care facilities are using technology to help parents keep in touch with their kids. Numerous daycare facilities use applications to transmit images of children to their parents and stream videos of class discussions. Viewing videos and images of children at childcare facilities, this technique helps parents to keep an eye on their children while they are at the facility.
  • The children day care services market is predicted to be driven by due to rising in the employment rate of women during the projected period. The demand for corporate on-site child care services is predicted to rise as the percentage of women in the labor force rises. Government activities to encourage women to work are also very supportive of the expansion of the on-site child care market, and these efforts will significantly lead to the expansion of the child care market throughout the projection period.

Children Day Care Services Market Restraint

  • In 2020, the children day care services market was constrained by the global lockdowns implemented by governments in response to the COVID-19 epidemic, which prohibited crowding in public locations like schools, colleges, and child care facilities, and community centers. A viral illness called COVID 19 causes flu-like symptoms like fever, coughing, and breathing difficulties.
  • In the modern era, raising a child is an extremely expensive endeavor. Children's fundamental needs require parents to spend a significant percentage of their income on them. Child care expenses frequently outweigh those for housing, tuition, transportation, and food in households. This poses a significant obstacle for the global childcare business.
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Children Day Care Services Market size was valued at USD 287.37 billion in 2019 and is poised to grow from USD 289.09 billion in 2023 to USD 305.09 billion by 2031, growing at a CAGR of 0.6% in the forecast period (2024-2031).

There are several significant participants in the moderately competitive children daycare market. A select number of the big firms presently control the majority of the market in terms of market share. Major providers now offer high-value services like tailored instruction, which encourages parents to select high-quality child care. For instance, in order to prepare the younger children for kindergarten, Parma City Schools established Kindergarten Launch Academy, which will put an emphasis on problem-solving, fundamental literacy, numeracy, and social and emotional learning. 'Bright Horizons Family Solutions Inc. (US)', 'Busy Bees Daycare LLC (US)', 'Cadence Education LLC (US)', 'G8 Education Ltd. (Australia)', 'Global Childrens Center (US)', 'Goddard Systems Inc. (US)', 'Growing Room (US)', 'JP-Holdings Inc. (Japan)', 'Kids R Kids International Inc. (US)', 'KinderCare Learning Centers LLC (US)'

Child care facilities are using technology to help parents keep in touch with their kids. Numerous daycare facilities use applications to transmit images of children to their parents and stream videos of class discussions. Viewing videos and images of children at childcare facilities, this technique helps parents to keep an eye on their children while they are at the facility.

Due to a significant rise in medical knowledge and advancements, the child mortality rate has significantly decreased throughout the world. Neonatal mortality rates have similarly seen a decreased trend. The most important time for a child's survival is during the newborn era. It is a child's first four weeks of existence. The infant mortality rate (IMR) scenario has also shown a downward trend. The market for children daycare services has seen an increase in revenue as a result of the ongoing drop in the child mortality rate. The children day care services market's growth prospects would be further enhanced during the projected timeline by the ongoing growth in medical advancements.

In 2021, the children day care services market is dominated by the Asia Pacific. The two biggest markets in this region for child care services are China and India. Substantial growth benefits can be achieved for market players in APAC by the growing youth migration from rural to urban looking for better professional and vocational opportunities, as well as the growing involvement of women in the labor force. Additionally, the expansion of the middle class and growing earnings will support the market for child care services in APAC throughout the projection period.

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