The global child day care services market, a part of the social services industry, grew at a compound annual growth rate (CAGR) of around 4% during the historic period. The social services industry showed a steady growth. The growth is mainly due to increasing demand for child day care services owing to increased disposable income in countries such as China and India and rising awareness of the benefits of early learning to reasoning development in children globally.
In the forecast period, the global child day care services market size is expected to be over $204 billion by 2021, growing at a CAGR of nearly 5%. The child day care services market is expected to register high growth in the forecast period due to increasing government funding in developing nations, increasing number of women employees resulting in the need for childcare and utilization of digital technologies to offer these services. Furthermore, rising population, increase in dispensable income, and increasing per capita incomes are expected to drive the global gastrointestinal drugs market in the future.
Find TBRC’s report on the Child Day Care Services market: https://www.thebusinessresearchcompany.com/report/child-day-care-services-global-market-report-2018
Child day care centers are leveraging technologies to allow parents to stay connected with their children when they are away for work. 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 activities at the care center by accessing videos and pictures. For instance, Trust Child Care Centers partnered with Parent Care Network to provide video over the internet to parents where they can monitor child activities at the daycare center. Major companies in the child day care services market, offering telematics technology include Bright Horizons Family Solutions, Learning Care Group, G8 Education, Goodstart Early Learning, Primrose Schools, Nobel Learning Communities Inc., JP Holdings, KU Children’s Services, PLAS
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