NEW YORK, July 11, 2023 /PRNewswire/ — The childcare management software market size is estimated to grow by USD 83.06 million from 2022 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 7.65% during the forecast period. For more insights on the historic data (2017 to 2021) and forecast market size (2023 to 2027) – Request a sample report
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Childcare Management Software Market – Segmentation Assessment Segment Overview
Technavio has segmented the market based on deployment (Cloud-based and On-premise), solution (Nutrition management, Family and child data management, Others) and geography (North America, Europe, APAC, South America, and Middle East and Africa).
- The market share growth by the cloud-based segment will be significant during the forecast period. The cloud-based childcare management software is a lucrative segment The market segment of cloud-based childcare management software has experienced significant growth over the past five years, and this upward trend is expected to continue in the forecast period. Under this model, end-users pay a flat fee to the vendor who provides hosting facilities, while data centers offer the necessary servers, storage, and security software to customers. This deployment method eliminates the need for customers to own their own hardware, resulting in reduced operational costs. The cloud-based software can be accessed from any device with an Internet connection, including laptops, smartphones, and tablets. This accessibility allows employees at childcare centers to utilize the software remotely, even from their homes, for various tasks such as scheduling, monitoring, procurement, and financial reporting. This flexibility is particularly beneficial for centers facing a shortage of employees, as existing staff members can efficiently handle scheduled tasks from the convenience of their homes. It’s important to note that on-cloud software typically has limitations in terms of configuration since it is deployed universally for all clients. However, customizable features can be added, such as CRM integration, payment reminders for parents, and the inclusion of specific forms to collect information. Cloud-based childcare management software offers scalability and supports the monitoring of children’s activities. By leveraging this technology, childcare centers can operate at a faster pace and achieve greater efficiency in their daily operations.
Geography Overview
By geography, the global childcare management software market is segmented into North America, Europe, APAC, South America, and the Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global childcare management software market.
- North America is estimated to account for 36% of growth during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. According to the US Bureau of Labor Statistics, childcare businesses to be among the fast-growing industries in the coming decade. In the US and Canada, expanding diversity in the higher education sector and the presence of many multinationals have advanced the number of female professionals in the corporate sector. Also, the US government has policies that assure the right for women to return to work after maternity leave in the same or an equivalent position. As a result, the need for childcare facilities increased in the US and Canada. As business operations are increasingly moving toward the digital mode, the need to implement childcare management software to manage childcare center operations is gaining importance. In North America, this shift toward the digitization of operations alongside the increasing demand for childcare facilities will aid the growth of the childcare management software market during the forecast period.
Insights on the market contribution of various segments, including country and region wise historic data (2017 to 2021) and forecast market size (2023 to 2027) – Download a Sample Report