Child daycare is the care of a child during the day by a person excluding the child's legal guardians. Daycare is an ongoing service during definite periods, such as the parents' time at work or absent for other reasons. The type & quality of care may be of many types such as language development, math & reading achievement, school readiness, the nature of relationships with parents and teachers, work habits, social skills (dance & music), and behavioral adjustment.
According to the study, “Child Day Care Services Global Market Report 2019” the key companies operating in the global child day care services market are Bright Horizons Family Solutions, Learning Care Group, G8 Education, Primrose Schools, Goodstart Early Learning, KLA Schools, Sitters, and Tutors, College Nannies, PLASP Child Care Services, JP Holdings, Nobel Learning Communities Inc., Discovery Point, KU Children\’s Services, KidsPark, Seeking Sitters, Lightbridge Academy, KinderCare Education, The Goddard School, Genius Kids, Montessori Kids Universe, Kidzee, Eurokids, Bachpan, Tree House Education & Accessories Ltd., Kangaroo Kids, Shemrock, Hello Kids Education India Pvt., Podar Jumbo Kids, Little Millennium, Noah Education Holdings, Oriental Baby Care Consulting, Rockmybaby, Asquith Hendon Pre-School & Day Nursery, ADO Mini-Explorers Outdoor Pre-school, American Embassy Day Care/Pre-School, Kinder care education, Bright Horizons Family Solutions, Learning care group, WIZO, Bambinos Daycare, Dubai Autism Center (DAC), Bizzy Beez Group, C.H.I.L.D. Center UAE, Kidz College Nursery School, Brainiac Nursery and Preschool, Baby Bloom Nursery, Instituto Cultural y Educativo, Goddard Systems, Jardin De Niños Leche Kids, Bloubosrand Montessori Pre-School, Parkmore Nursery School.
Based on type, global child daycare services market is segmented into pre-kindergarten education and care services. Based on the facility, the market is segmented into a full daycare facility and after school care facility. Based on ownership, the market is segmented into private and public. Based on the age group, the market is segmented into less than 2 years, 2 to 4 years, 4 to 6 years and above 6 years. Based on application, the market is segmented into children and infants. In addition, based on end-user, the market is segmented into baby & child daycare centers, nursery schools, and pre-kindergarten & preschool centers.
The child daycare services the market is driven by an increase in the percentage of working mothers & dual-income household, rise in parent awareness for early childhood education & care, increase in per capita disposable income, attractive returns on investment for employer-sponsor, rise in demand for high-quality childcare, increase in focus on early education, favorable public policy & government subsidies, and an increase in the population of children. However, maintenance of healthy atmosphere, staffing requirements, regulation & licensing requirements, availability of location and cost of quality childcare service may impact the market. Moreover, the increase in competition and a rise in labor cost are a few major trends for the market.
Based on geography, the Asian-Pacific region holds a major share in child daycare services market, followed by the Western European region owing to rapid urbanization and increase in disposable income of parents has led to a rise in brand consciousness & penetration of international preschools in the region. It is expected that the future of this market will be bright due to the growth in nuclear families over the forecast period.
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