Daycare Management Software Market Trends, Business Overview, Industry Growth and Forecast to 2028

The global daycare management software market is anticipated to grow at a significant CAGR of 6.7% during the forecast period (2022-2028).

Daycare management software is specially designed for the childcare environment. It comprises management and accounting solutions for childcare or daycare center. The global daycare management software market is growing due to the increasing demand for childcare facilities as the population of working parents increases. The advancement in the application with various features, such as enhanced security solutions, a cyber-visit to children's care classroom, monitor activities of their children is also driving the growth of the market. The daycare management software also has a messaging system that is connected with a social media tool so that the childcare center can communicate with parents on social media through the software at regular intervals to give every update to their parents. For instance, Procare is a childcare software application that stores information about the child and their family. From this software itself, tuition fees can be paid online through the tuition express module, and staff hours and vacation time can be managed through the payroll module. It also has different modules for attendance tracking, data management, and accounting.

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The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new launches, to stay competitive in the market. For instance-

• In January 2022, Wündercare announced its launch of a new application for childcare centers with time-saving features.

• In July 2021, the Manitoba government announced the launch of a new tool with enhanced features to help families more easily access early learning and child-care services.

• In June 2021, Lightbridge Academy announced the launch of a new center management software system to create a deeper connection between families, teachers, staff, and students.

• In March 2020, Deloitte Touche Tohmatsu Ltd. announced the launch of next-generation software as a service platform for children's services care management systems built on the Salesforce platform.

• In March 2019, new cloud-based childcare management software, called Cubsta, has been launched by a digital agency in Sydney, to become a complete software solution that allows early childhood education and care services to manage their entire operation.

Market Coverage
• The market number available for - 2022-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Type
o By Application

• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World

• Competitive Landscape- Childcare Sage, Ledgers.Cloud, SofterWare Inc., Himama and Smartcare Analytica AB, among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Daycare Management Software Market Report by Segment

By Type
• Cloud-based
• On-premise

By Application
• Nursery School
• Family
• Others

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Orion Market Reports (OMR) endeavors to provide an exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and the most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.

This release was published on openPR.