DUBLIN--(BUSINESS WIRE)--The "Global Children Day Care Services Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.
The children day care services market will register a CAGR of almost 4% by 2023.
There has been a considerable decline in the child mortality rate, globally, owing to a significant increase in health awareness and medical advances. The trend of the neonatal death rate has also recorded a downward trend. The situation of the infant mortality rate (IMR) has recorded a downfall trend. The continuous decline in the child mortality rate has played a pivotal role in increasing the revenue of the global children day care services market. The constant growth in medical advances will further enhance the growth prospect of the market during the forecast period.
Positive government initiatives
Governments have a significant role in driving revenues for the global children day care services market. The implementation of stringent regulations by governments, coupled with increased funding to day care centers, has helped parents, especially from low-income families.
In the US, the government initiated the Child Care and Development Fund, which aims at assisting low-income families that need childcare due to work or work-related activities. Different state governments use this fund to invest in improving quality education through teacher workforce, initiating child care programs to achieve higher standards, and promoting consumer education to help parents select suitable child care.
Increased cost of raising children
Raising a child is a costly affair in today's era. Parents have to spend a large portion of their income on providing their children with necessities. In many families, the cost of child care exceeds the cost of housing, college fees, transportation, and food. This acts as a significant challenge, especially for low-income families. Families have to spend approximately more than 15% of their income to cover the expenditure of child care for an infant and approximately more than 12% for a preschool child. The consistent decline in fertility rate harms the overall growth rate of the economy.
The market appears to be highly fragmented. The presence of several companies, including Bright Horizons Family Solutions Inc. and G8 Education Ltd. makes the competitive environment quite intense. Factors such as the increasing labor force participation of women and decrease in child mortality rate will provide considerable growth opportunities to the children day care services vendors.
KinderCare Education LLC, Learning Care Group, and Nobel Learning Communities Inc. are some of the major companies covered in this report.
Key Topics Covered:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY APPLICATION
- Market segmentation by application
- Comparison by application
- Center-based - Market size and forecast 2018-2023
- Home-based - Market size and forecast 2018-2023
- Market opportunity by application
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2018-2023
- Europe - Market size and forecast 2018-2023
- North America - Market size and forecast 2018-2023
- South America - Market size and forecast 2018-2023
- MEA - Market size and forecast 2018-2023
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 11: MARKET TRENDS
- Rising trend toward high-value services
- Increasing stress on school franchisees
- Growing trend of employer-sponsored children day care programs
PART 12: VENDOR LANDSCAPE
- Landscape disruption
- Competitive scenario
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Bright Horizons Family Solutions Inc.
- G8 Education Ltd.
- KinderCare Education LLC
- Learning Care Group
- Nobel Learning Communities, Inc.
PART 14: APPENDIX
For more information about this report visit https://www.researchandmarkets.com/r/w524yo