What is the global market size of Children Day Care Services Market?

Children Day Care Services Market size was valued at USD 287.37 billion in 2021 and is poised to grow from USD 289.09 billion in 2022 to USD 305.09 billion by 2030, growing at a CAGR of 0.6% in the forecast period (2023-2030).

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 Insights

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).

The children day care services market is made up of businesses (organizations, sole proprietors, and partnerships) that provide care for newborns either in their own homes, the homes of authorized child caregivers, or child care facilities. These businesses sell child care services like babysitting and learning services as well as related goods. When parents are at work or otherwise unavailable, the government or a nonprofit organization will care for newborns, newborns, preschoolers, and school kids. Businesses in this sector offer preschool and older children care services if they're not in school. Prekindergarten instruction is also available at several of these institutions. Both publicly funded and privately funded child care services are available in this market. Additionally, there are direct benefit transfers from the government to care workers in this sector.

One of the key factors projected to raise the children day care services market is a spike in the number of working parents due to the increased engagement of women in the workforce. The necessity for child day care services is rising in emerging regions as more parents are choosing to work.

US Children Day Care Services Market is poised to grow at a sustainable CAGR for the next forecast year.

Global Children Day Care Services Market Report Snapshots

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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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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

Global Children Day Care Services Market Insights

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