Child Day Care Services Market Size, Overview, Outlook, Trends, Size 2023-2032 | Bright Horizons Family Solutions, KinderCare Education, Goodstart Early Learning, Primrose Schools, G8 Education

The Child Day Care Services Global Market Report 2023 by The Business Research Company, provides child day care services market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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According to The Business Research Company’s Child Day Care Services Global Market Report 2023, the market size is expected to grow from$289.09 billion in 2022 to $290.87 billion in 2023 at a compound annual growth rate (CAGR) of 0.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, and affecting many markets across the globe. The market size of child day care services is expected to grow from $384.44 billion in 2027 at a CAGR of 7.2%.

An expected increase in the women’s employment rate in the forecast period is estimated to drive the market for child care.

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The child day care services market is segmented:

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

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: