Originally published on Technavio:Child Care Market by Delivery, Type, and Geography - Forecast and Analysis 2023-2027**

 

The Child Care Market Size is poised to witness an increase of USD 189.07 billion, reflecting a Compound Annual Growth Rate (CAGR) of 12.8% between 2022 and 2027. Several factors contribute to this growth, including heightened parent awareness of early childhood education and care, the increasing participation of women in the labor force, and positive government initiatives.

 

Market Size and Growth Trends

The significant growth in parent awareness of early childhood education and care is a key driver fueling market growth. Although factors such as the rise in the unemployment rate may pose challenges, our researchers, using 2022 as the base year, have conducted a thorough analysis of key drivers, market growth trends, and challenges. A holistic understanding of these drivers will assist companies in refining their marketing strategies to gain a competitive advantage.

 

Key Market Driver

The burgeoning parent awareness of early childhood education and care plays a pivotal role in propelling the growth of the child care market. Active parental involvement in early childhood development positively impacts a child's learning abilities. Children who receive proper stimulation from their parents during the crucial age of birth to five exhibit better long-term outcomes, including higher graduation rates, improved academic performance, and healthier, more productive lives as adults. The increasing participation of parents is expected to be a driving force behind market growth during the forecast period.

 

Market Customer Landscape

The market growth and forecasting report comprehensively covers the adoption lifecycle, ranging from the innovator's stage to the laggard's stage. It focuses on adoption rates across different regions based on penetration. Furthermore, the report includes key purchase criteria and drivers of price sensitivity to aid companies in evaluating and developing their market forecasting strategies.

To Learn deeper into this report , View Sample PDF

 

The organized care facilities segment is poised to experience significant market share growth during the forecast period, having captured the highest market shares globally in 2022. The surge is attributed to the increasing number of working parents, and the sustained demand is expected to propel the segment further during the forecast.

For more information please contact.

Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email: media@technavio.com

Website: www.technavio.com/