Press release
Childcare Management Solutions Market will reach US$ 643.9 Mn by 2032 Booming Worldwide With Leading Key Players -SofterWare, Ladder Software, Procare Software, Hi Mama, Jackrabbit Technologies, Ledger Software, Kindertales, Personalized Software, Childca
New Jersey, United States,- The childcare management software market is estimated to account US$ 154.2 Mn in 2021 and is expected to grow at a CAGR of 8.8% during the forecast period 2021 - 2032, to account to US$ 643.9 Mn by 2032.The Global Childcare Management Solutions explores comprehensive study on various segments like opportunities, size, development, innovation, sales and overall growth of major players. The research is carried out on primary and secondary statistics sources and it consists both qualitative and quantitative detailing.
Some of the Major Key players profiled in the study are SofterWare, Ladder Software, Procare Software, Hi Mama, Jackrabbit Technologies, Ledger Software, Kindertales, Personalized Software, Childcare Sage, SmartCare, INursery.net Limited, Connect Software Solutions, Astec Solutions, Konverv, EntLogics Technologies, R&I Software Solutions, KigaRoo, AVI.DAT, Ogust, Chenlong, Yikang, Beiying Network
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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.
Global Childcare Management Solutions Market Segmentation:
Childcare Management Solutions Segmentation by Type:
Cloud-based, On-premise.
Childcare Management Solutions Segmentation by Application:
Nursery School, Family, Others
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.
The cost analysis of the Global Childcare Management Solutions Market has been performed while keeping in view manufacturing expenses, labor cost, and raw materials and their market concentration rate, suppliers, and price trend. Other factors such as Supply chain, downstream buyers, and sourcing strategy have been assessed to provide a complete and in-depth view of the market. Buyers of the report will also be exposed to a study on market positioning with factors such as target client, brand strategy, and price strategy taken into consideration.
Growing number of daycare centers/kindergarten schools and increasing number of women empowerment activities, as well as opening in-office daycare centers in corporates, are the major drivers propelling the childcare software management market growth. However, the high price of software might be a restraining factor for the market growth as small kindergarten schools may have low budget allocation. Nonetheless, the integration of advanced technologies such as video streaming and ChatBot is expected to generate significant opportunities for the childcare management software market. The rising percentage of female employees in the overall working population of countries, as well as mounting disposable incomes, leads to high dependence of working women on child care and kindergarten centers. Moreover, the declining birth rates have also led to the surge in the spending of an individual on children on their education.
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Table of Contents
Global Childcare Management Solutions Market Research Report 2022 - 2029
Chapter 1 Childcare Management Solutions Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Global Childcare Management Solutions Market Forecast
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