The Global Child Day Care Services Market Report by The Business Research Company covers child day care services market drivers and restraints, child day care services market size, major players, and the impact of COVID-19 on the child day care services market.
The childcare market consists of the sales of childcare services such as babysitting and learning services and related goods by entities (organizations, sole traders and partnerships) that provide care for infants or children either in the home of the child, in the home of the registered childcaregiver or in a childcare center. Childcare is the care provided for infants and toddlers, preschoolers, and school-aged children by government or an organization while parents are at work or absent for other reasons. Establishments in this industry provide care services for preschool children, and for older children when they are not in school. Some of these establishments also offer pre-kindergarten education. This market includes both government sponsored and private childcare services. This market also includes subsidies and direct benefit transfers by governments to childcare providers.
An expected increase in the women employment rate in the forecast period is estimated to drive the market for childcare. The global child day care services market is expected to grow from $271.67 billion in 2020 to $295.99 billion in 2021 at a compound annual growth rate (CAGR) of 9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $415.96 billion in 2025 at a CAGR of 9%.
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Some child day care services market trends include child day care 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 day care centers.
Global child day care services market segments include:
1) By Type: Baby And Child Day Care Centers, Pre-Kindergarten And Preschool Centers, Nursery Schools.
2) By Type of Location: Center-Based, Home-Based.
3) By Type of Expenditure: Public, Private.
4) By Age Group: Less Than 1 Year, 1-2 Years, 2-4 Years, 4-6 Years, Above 6 Years.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, Asia Pacific is the largest region in the global child day care services market, accounting for 33% of the market.
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The Child Day Care Services Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides child day care services market overviews, analyzes and forecasts market size, share, child day care services market players, child day care services market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The child day care services market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Child Day Care Services Global Market Report 2021: COVID-19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Market Players Covered: Bright Horizons Family Solutions, G8 Education, Learning Care Group, Goodstart Early Learning, Primrose Schools
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Child Day Care Services Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Child Day Care Services Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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