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The childcare management software market is estimated to account US$ 144.2 Mn in 2018 and is expected to grow at a CAGR of 7.8% during the forecast period 2018 – 2027, to account to US$ 293.9 Mn by 2027.
Geographically, North America holds the largest childcare management software market share, owing to rapid technological developments, and numerous investments as well as initiatives taken by the government across North American countries. The growing number of women are being employed in the region, which has resulted in achieving additional economic growth. Recently, in February 2019, the Trump government announced the Women’s Global Development and Prosperity (W-GDP) Initiative, which targeted to reach 50 million women by 2025 with the help of US government activities, a new, innovative fund, and private-public partnerships. The government announced the first round investment for four new projects, which include 200 public and private-sector partnerships across 22 countries in the region. This factor is upsurge the growth of the revenue size of the childcare management software market in the North American region. This, as a result, has positively impacted the childcare management software market.
Asia-Pacific holds the second-highest market share in the childcare management software market. The primary reason for the growth of childcare management software is the US government spends significant amounts in the development and implementation of childcare management software. For instance, Major companies such as Bright Horizons Family Solutions, Learning Care Group, and KinderCare Education focus on providing childcare management software across the country. The childcare services industry in the country comprises more than 54,000 commercial facilities along with 21,000 facilities are handled by nonprofit organizations. Similarly, In 2018, the Canadian government announced its budget of C$100 million for Indigenous child care on reserve and C$400 million for the development of childcare in provinces and territories. Such investments made by the government for the development of childcare centers are anticipated to boost the childcare management software market during the forecast period. For instance, in 2019, HiMama announced a partnership with Pearson to provide the simplest way for child care centers to add assessments to their programming. Furthermore, in the same year, KinderCare launched the KinderCare App which is a version of the HiMama app for its families across KinderCare Learning Centers across the US. These market initiatives and strategic expansions are expected to continue during the forecast period, contributing to the high growth of the childcare management software market in the region.
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Childcare Management Software Market: Strategic Insights
Market Size Value in US$ 144.2 Million in 2018 Market Size Value by US$ 293.9 Million by 2027 Growth rate CAGR of 7.8% from 2019-2027 Forecast Period 2019-2027 Base Year 2019
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Childcare Management Software Market: Strategic Insights
Market Size Value in | US$ 144.2 Million in 2018 |
Market Size Value by | US$ 293.9 Million by 2027 |
Growth rate | CAGR of 7.8% from 2019-2027 |
Forecast Period | 2019-2027 |
Base Year | 2019 |
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Speak to AnalystLucrative Regional Childcare Management Software Market
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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Childcare Management Software Market Insights
The upsurge in the number of daycare centers
In the present scenario, working professionals commit most of their time in workspaces and are unable to concentrate on personal life. This has compelled them to opt for daycare centers for their children to groom their learning abilities. Enrollment of kids aged 2–5 is more across preschools, kindergarten, or daycare centers. Preprimary programs, include kindergarten and preschool programs, provide educational experiences, whereas childcare runs daycare programs that exclude educational programs. This factor plays a major role in deciding an appropriate enrollment program. Every day, a huge number of children are being enrolled in daycare centers; this demands an efficient system to manage the regular activities of kids. Therefore, the scope of the childcare management system is gaining momentum across the world. Thus, it drives the childcare management software market.
Upcoming technological developments in the childcare system
The availability of features such as video streaming, ChatBot, and many more are anticipated to provide ample growth opportunities to the existing players offering childcare management software. The integration of the aforementioned features helps parents monitor their child along with continuous communication. In case of any emergency, parents can convey their message directly to the admin of daycare center/preschool through video streaming or ChatBot. Due to rapid technological advancements, companies such as Kindyhub, Eleyo, KinderCare, and Procare are focusing on innovation. Therefore, creating a huge opportunity for the childcare management software market in the forecast period.
Solutions Segment Insights
The childcare management system market by the solution is segmented into family and child data management, attendance tracker, accounting, time and activity management, nutrition management, and others. The accounting feature of the childcare management software consists of family accounting and agency accounting. Family accounting is the accounts receivable and billing software developed for daycare providers, childcare centers, and preschool administrators. Under family accounting, it shows family account balance, account activity reports, bank deposit reports, aging reports, and other billing reports. These factors resulted in the steady growth of the childcare management software market.
Deployment Segment Insights
The childcare management software market, by deployment, is segmented into on-premises and cloud. The increasing number of attractive cloud-based solutions is among the stimulating factors prevailing in the current market scenario. The apps and software of childcare management enable both schools/kindergarten to send photos, videos, newsletters, and other essential stuff to parents/guardians. Thus, these factors are driving the childcare management software market across various applications.
Rest of Asia-Pacific Childcare Management Software Market by Deployment
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Some of the market initiatives were observed to be the most adopted strategy in the global childcare management software market. Few of the recent market initiatives are listed below:
2019:iClassPro announced a partnership with Sweet Peas Educational Gymnastics to promote physical, social and cognitive development in children 6 months to 6 years old.
2018:KidCheck announced Check-In Passes feature which creates various pre-paid options for members to purchase childcare ahead.
2017:HiMama released childcare software which offers new management feature for child care administrators.
GLOBAL CHILDCARE MANAGEMENT SOFTWARE MARKET SEGMENTATION
Global Childcare Management Software Market – By Type
- On-Premises
- Cloud
Global Childcare Management Software Market – By Solution
- Family & Child Data Management
- Attendance Tracker
- Accounting
- Time & Activity Management
- Nutrition Management
- Others
Global Childcare Management Software Market – By Geography
North America
- US
- Canada
- Mexico
Europe
- France
- Germany
- Italy
- Russia
- UK
- Rest of Europe
APAC
- China
- India
- Japan
- Australia
- Rest of APAC
MEA
- Saudi Arabia
- UAE
- South Africa
- Rest of MEA
SAM
- Brazil
- Argentina
- Rest of SAM
Global Childcare Management Software Market - Company Profiles
- Bloomz Inc.
- Eleyo
- Himama
- iclasspro
- Kidcheck
- Kindyhub
- Kwiksol Corporation
- Oncare
- Softerware, Inc.
- Tadpoles LLC.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Deployment ; Solution
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Canada, Mexico, United States
Frequently Asked Questions
The North America comprises of technologically advanced countries. The region has witnessed significant adoption rate of smartphones, tablets, and computers for childcare management. Moreover, the high focus on child safety and increasing participation of parents and teachers are contributing towards the growth of the childcare management software industry.
The availability of features such as video streaming and ChatBot offer lucrative opportunities for the players active in the childcare management software market in the coming years. The integration of these features helps parents monitor their child along with continuous communication.
The cloud-based deployment of software is commonly used and also widely adopted as it eliminates capital overheads, feature data backup on regular basis, and also companies are entitled to pay only for the resources they utilize. It is feasible for enterprises to plan an expeditious expansion at a global scale as the cloud has greater appeal to connect with more partners, clients, customers, and other businesses across locations with minimum effort.
The List of Companies
- Bloomz Inc.
- Eleyo
- Himama
- Iclasspro
- Kidcheck
- Kindyhub
- Kwiksol Corporation
- Oncare
- Softerware, Inc.
- Tadpoles LLC.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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