June 16, 2024
Children Day Care Services Market size to grow by USD 164.11 billion from 2022 to 2027; Market driven by the increasing labor force participation rate of women – Technavio
Children Day Care Services Market size to grow by USD 164.11 billion from 2022 to 2027; Market driven by the increasing labor force participation rate of women – Technavio

NEW YORK, June 26, 2023 /PRNewswire/ — The children day care services market is set to grow by USD 164.11 billion from 2022 to 2027 progressing at a CAGR of 8.01% during the forecast period. The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. Increasing labor […]

The post Children Day Care Services Market size to grow by USD 164.11 billion from 2022 to 2027; Market driven by the increasing labor force participation rate of women – Technavio first appeared on TREND MAG.

NEW YORK, June 26, 2023 /PRNewswire/ — The children day care services market is set to grow by USD 164.11 billion from 2022 to 2027 progressing at a CAGR of 8.01% during the forecast period. The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. Increasing labor force participation rate of women is the major factor driving the children day care services market growth. This trend is influenced by various factors, such as societal attitudes, employment opportunities, household income, and childcare costs. According to The World Bank Group, the global female labour force participation rate (ages 15+) rose from 47.5% in 2016 tolabor 47.29% in 2019. Countries, particularly emerging economies like Japan, are taking bold steps to encourage female employment and decrease gender disparities, directing to an increase in demand for childcare services. The steady growth in health and consumption expenditure, childcare costs, and inflation rate also contribute to the need for women to work. Here is an Exclusive report talking about Market scenarios with a historical period (2017-2021) and a forecast period (2023-2027). Download Sample Report in minutes!

The children day care services market covers the following areas:

The report on the children day care services market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis. 

Children Day Care Services Market 2023-2027 – Market Dynamics

Major Trends 

The growing demand for high-quality child care services is a major trend shaping the children day care services market. For Instance, Goddard School is a top-ranked educational facility for children aged 6 weeks to 6 years in the US. It has a total license fee of USD 135,000, with a minimum investment of USD 712,800- USD 786,100 and a minimum cash injection of USD 150,000. Also, Primrose School Franchising Co. has over 450 schools across 32 states and plans to extend further in the US. With more millennials and socially-aware parents seeking child care, franchising offers growth opportunities for investors and can increase revenue for the global children day care services market.

What’s New? –

  • Special coverage on the RussiaUkraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
  • Global competitiveness and key competitor positions
  • Market presence across multiple geographical footprints – Strong/Active/Niche/Trivial – Buy the report!

Major Challenge 

Raising a child has become increasingly expensive, and parents now spend a large portion of their income on fundamental necessities for their children, which is a major challenge that may impede children day care services market growth. Especially for low-income families, childcare costs often exceed housing, college fees, transportation, and food. For instance, in the US, center-based childcare for an infant costs over USD 1,200 per month, and home-based care costs over USD 700 per month. However, the expense of licensed childcare is not affordable for many families, and the increasing cost of childcare has been recognized as a cause for the downfall in the birth rate. The global total fertility rate declined from 2.44 in 2016 to 2.40 in 2019, which has an adverse effect on the overall economy. Therefore, such factors may hamper the growth of the children’s daycare services market in the forecast period.

Children Day Care Services Market 2023-2027: Market Segmentation

This report extensively covers market segmentation by application (centre-based and home-based), End-user (preschool children, infants and toddlers, and older children), and geography (APAC, Europe, North America, South America, and Middle East and Africa). 

  • The child daycare services market share growth of the centre-based segment will be significant during the forecast period. There is an increased emphasis on developing standards-based methods of delivering child care in centre-based children’s daycare facilities. These centres strive at performing on the general personality development of children. They are more likely to provide an educationally enriched curriculum that promotes literacy, language development, personality development, and others. Also, children get better possibilities to socialize with their peers. These valuable factors boost the demand for centre-based children’s daycare facilities, thereby rising the revenue of the childcare services market vendors.

This report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters- View Sample Report

The children day care services market covers the following areas:
Companies Mentioned

  • Bright Horizons Family Solutions Inc.
  • Busy Bees Daycare LLC
  • Cadence Education LLC
  • Founding Years Learning Solutions Pvt Ltd.
  • G8 Education Ltd.
  • Global Children’s Center
  • Goddard Systems Inc.
  • Growing Room
  • JP Holdings Inc.
  • Kids R Kids International Inc.
  • KinderCare Learning Centers LLC
  • KU Childrens Services
  • Learning Care Group
  • Penny and Peggy Nairn 24-Hour Childcare Inc.
  • Primrose School Franchising Co. LLC
  • Spring Education Group
  • St. Timothy Catholic Church
  • The Learning Experience
  • The Sunshine House
  • Tiny Hoppers Corp.

Vendor Offerings

  • Bright Horizons Family Solutions Inc. – The company offers children’s daycare services such as infant care, toddler care and preschool.
  • Busy Bees Daycare LLC – The company offers children’s daycare services such as summer programs, full-time programs, and half-time programs.
  • Cadence Education LLC – The company offers children’s daycare services such as infant care and toddler care.

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The Child Care Market Size is estimated to grow at a CAGR of 12.8% between 2022 and 2027. The size of the market is forecast to increase by USD 189.07 billion. This report extensively covers market segmentation by delivery (organized care facilities and home-based settings), type (early education and daycare, early care, and backup care), and geography (North America, Europe, APAC, South America, and the Middle East and Africa). The growing parent awareness of early childhood education and care is notably driving the market growth.

The childcare management software market is estimated to grow at a CAGR of 7.65% between 2022 and 2027. The size of the market is forecast to increase by USD 83.06 million. The childcare management software market is estimated to grow at a CAGR of 7.65% between 2022 and 2027. The size of the market is forecast to increase by USD 83.06 million. The growing enrollment in preschools and playschools is a key factor driving the global childcare management software market growth.

Children Day Care Services Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 8.01%

Market growth 2023-2027

USD 164.11 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

6.12

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

North America at 30%

Key countries

US, China, India, Germany, and the UK

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Bright Horizons Family Solutions Inc., Busy Bees Daycare LLC, Cadence Education LLC, Founding Years Learning Solutions Pvt Ltd., G8 Education Ltd., Global Children Center, Goddard Systems Inc., Growing Room, JP Holdings Inc., Kids R Kids International Inc., KinderCare Learning Centers LLC, KU Childrens Services, Learning Care Group, Penny and Peggy Nairn 24 Hour Childcare Inc., Primrose School Franchising Co. LLC, Spring Education Group, St. Timothy Catholic Church, The Learning Experience, The Sunshine House, and Tiny Hoppers Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Key Topics Covered:

1 Executive Summary

  • 1.1 Market Overview 
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem 
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition 
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis 
    • Exhibit 13: Market segments
  • 3.3 Market size 2022 
  • 3.4 Market outlook: Forecast for 2022-2027
    • Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
    • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

  • 4.1 Global children day care services market 2017 – 2021
    • Exhibit 18: Historic Market Size – Data Table on Global children day care services market 2017 – 2021 ($ billion)
  • 4.2 Application Segment Analysis 2017 – 2021
    • Exhibit 19: Historic Market Size – Application Segment 2017 – 2021 ($ billion)
  • 4.3 End-user Segment Analysis 2017 – 2021
    • Exhibit 20: Historic Market Size – End-user Segment 2017 – 2021 ($ billion)
  • 4.4 Geography Segment Analysis 2017 – 2021
    • Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ billion)
  • 4.5 Country Segment Analysis 2017 – 2021
    • Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ billion)

5 Five Forces Analysis

  • 5.1 Five forces summary 
    • Exhibit 23: Five forces analysis – Comparison between 2022 and 2027
  • 5.2 Bargaining power of buyers 
    • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
  • 5.3 Bargaining power of suppliers 
    • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
  • 5.4 Threat of new entrants 
    • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
  • 5.5 Threat of substitutes 
    • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
  • 5.6 Threat of rivalry 
    • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
  • 5.7 Market condition 
    • Exhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by Application

  • 6.1 Market segments 
    • Exhibit 30: Chart on Application – Market share 2022-2027 (%)
    • Exhibit 31: Data Table on Application – Market share 2022-2027 (%)
  • 6.2 Comparison by Application 
    • Exhibit 32: Chart on Comparison by Application
    • Exhibit 33: Data Table on Comparison by Application
  • 6.3 Center-based – Market size and forecast 2022-2027
    • Exhibit 34: Chart on Center-based – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 35: Data Table on Center-based – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 36: Chart on Center-based – Year-over-year growth 2022-2027 (%)
    • Exhibit 37: Data Table on Center-based – Year-over-year growth 2022-2027 (%)
  • 6.4 Home-based – Market size and forecast 2022-2027
    • Exhibit 38: Chart on Home-based – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 39: Data Table on Home-based – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 40: Chart on Home-based – Year-over-year growth 2022-2027 (%)
    • Exhibit 41: Data Table on Home-based – Year-over-year growth 2022-2027 (%)
  • 6.5 Market opportunity by Application 
    • Exhibit 42: Market opportunity by Application ($ billion)

7 Market Segmentation by End-user

  • 7.1 Market segments 
    • Exhibit 43: Chart on End-user – Market share 2022-2027 (%)
    • Exhibit 44: Data Table on End-user – Market share 2022-2027 (%)
  • 7.2 Comparison by End-user 
    • Exhibit 45: Chart on Comparison by End-user
    • Exhibit 46: Data Table on Comparison by End-user
  • 7.3 Preschool children – Market size and forecast 2022-2027 
    • Exhibit 47: Chart on Preschool children – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 48: Data Table on Preschool children – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 49: Chart on Preschool children – Year-over-year growth 2022-2027 (%)
    • Exhibit 50: Data Table on Preschool children – Year-over-year growth 2022-2027 (%)
  • 7.4 Infant and toddlers – Market size and forecast 2022-2027 
    • Exhibit 51: Chart on Infant and toddlers – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 52: Data Table on Infant and toddlers – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 53: Chart on Infant and toddlers – Year-over-year growth 2022-2027 (%)
    • Exhibit 54: Data Table on Infant and toddlers – Year-over-year growth 2022-2027 (%)
  • 7.5 Older children – Market size and forecast 2022-2027
    • Exhibit 55: Chart on Older children – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 56: Data Table on Older children – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 57: Chart on Older children – Year-over-year growth 2022-2027 (%)
    • Exhibit 58: Data Table on Older children – Year-over-year growth 2022-2027 (%)
  • 7.6 Market opportunity by End-user 
    • Exhibit 59: Market opportunity by End-user ($ billion)

8 Customer Landscape

  • 8.1 Customer landscape overview 
    • Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

  • 9.1 Geographic segmentation 
    • Exhibit 61: Chart on Market share by geography 2022-2027 (%)
    • Exhibit 62: Data Table on Market share by geography 2022-2027 (%)
  • 9.2 Geographic comparison 
    • Exhibit 63: Chart on Geographic comparison
    • Exhibit 64: Data Table on Geographic comparison
  • 9.3 APAC – Market size and forecast 2022-2027
    • Exhibit 65: Chart on APAC – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 66: Data Table on APAC – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 67: Chart on APAC – Year-over-year growth 2022-2027 (%)
    • Exhibit 68: Data Table on APAC – Year-over-year growth 2022-2027 (%)
  • 9.4 Europe – Market size and forecast 2022-2027
    • Exhibit 69: Chart on Europe – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 70: Data Table on Europe – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 71: Chart on Europe – Year-over-year growth 2022-2027 (%)
    • Exhibit 72: Data Table on Europe – Year-over-year growth 2022-2027 (%)
  • 9.5 North America – Market size and forecast 2022-2027
    • Exhibit 73: Chart on North America – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 74: Data Table on North America – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 75: Chart on North America – Year-over-year growth 2022-2027 (%)
    • Exhibit 76: Data Table on North America – Year-over-year growth 2022-2027 (%)
  • 9.6 South America – Market size and forecast 2022-2027
    • Exhibit 77: Chart on South America – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 78: Data Table on South America – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 79: Chart on South America – Year-over-year growth 2022-2027 (%)
    • Exhibit 80: Data Table on South America – Year-over-year growth 2022-2027 (%)
  • 9.7 Middle East and Africa – Market size and forecast 2022-2027 
    • Exhibit 81: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 82: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 83: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
    • Exhibit 84: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)
  • 9.8 China – Market size and forecast 2022-2027
    • Exhibit 85: Chart on China – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 86: Data Table on China – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 87: Chart on China – Year-over-year growth 2022-2027 (%)
    • Exhibit 88: Data Table on China – Year-over-year growth 2022-2027 (%)
  • 9.9 US – Market size and forecast 2022-2027
    • Exhibit 89: Chart on US – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 90: Data Table on US – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 91: Chart on US – Year-over-year growth 2022-2027 (%)
    • Exhibit 92: Data Table on US – Year-over-year growth 2022-2027 (%)
  • 9.10 India – Market size and forecast 2022-2027
    • Exhibit 93: Chart on India – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 94: Data Table on India – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 95: Chart on India – Year-over-year growth 2022-2027 (%)
    • Exhibit 96: Data Table on India – Year-over-year growth 2022-2027 (%)
  • 9.11 Germany – Market size and forecast 2022-2027
    • Exhibit 97: Chart on Germany – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 98: Data Table on Germany – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 99: Chart on Germany – Year-over-year growth 2022-2027 (%)
    • Exhibit 100: Data Table on Germany – Year-over-year growth 2022-2027 (%)
  • 9.12 UK – Market size and forecast 2022-2027
    • Exhibit 101: Chart on UK – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 102: Data Table on UK – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 103: Chart on UK – Year-over-year growth 2022-2027 (%)
    • Exhibit 104: Data Table on UK – Year-over-year growth 2022-2027 (%)
  • 9.13 Market opportunity by geography 
    • Exhibit 105: Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

  • 10.1 Market drivers 
  • 10.2 Market challenges 
  • 10.3 Impact of drivers and challenges 
    • Exhibit 106: Impact of drivers and challenges in 2022 and 2027
  • 10.4 Market trends 

11 Vendor Landscape

  • 11.1 Overview 
  • 11.2 Vendor landscape 
    • Exhibit 107: Overview on Criticality of inputs and Factors of differentiation
  • 11.3 Landscape disruption 
    • Exhibit 108: Overview on factors of disruption
  • 11.4 Industry risks 
    • Exhibit 109: Impact of key risks on business

12 Vendor Analysis

  • 12.1 Vendors covered 
    • Exhibit 110: Vendors covered
  • 12.2 Market positioning of vendors 
    • Exhibit 111: Matrix on vendor position and classification
  • 12.3 Bright Horizons Family Solutions Inc.
    • Exhibit 112: Bright Horizons Family Solutions Inc. – Overview
    • Exhibit 113: Bright Horizons Family Solutions Inc. – Business segments
    • Exhibit 114: Bright Horizons Family Solutions Inc. – Key news
    • Exhibit 115: Bright Horizons Family Solutions Inc. – Key offerings
    • Exhibit 116: Bright Horizons Family Solutions Inc. – Segment focus
  • 12.4 Busy Bees Daycare LLC 
    • Exhibit 117: Busy Bees Daycare LLC – Overview
    • Exhibit 118: Busy Bees Daycare LLC – Product / Service
    • Exhibit 119: Busy Bees Daycare LLC – Key offerings
  • 12.5 Cadence Education LLC 
    • Exhibit 120: Cadence Education LLC – Overview
    • Exhibit 121: Cadence Education LLC – Product / Service
    • Exhibit 122: Cadence Education LLC – Key offerings
  • 12.6 G8 Education Ltd. 
    • Exhibit 123: G8 Education Ltd. – Overview
    • Exhibit 124: G8 Education Ltd. – Business segments
    • Exhibit 125: G8 Education Ltd. – Key offerings
    • Exhibit 126: G8 Education Ltd. – Segment focus
  • 12.7 Global Childrens Center 
    • Exhibit 127: Global Childrens Center – Overview
    • Exhibit 128: Global Childrens Center – Product / Service
    • Exhibit 129: Global Childrens Center – Key offerings
  • 12.8 Goddard Systems Inc. 
    • Exhibit 130: Goddard Systems Inc. – Overview
    • Exhibit 131: Goddard Systems Inc. – Product / Service
    • Exhibit 132: Goddard Systems Inc. – Key offerings
  • 12.9 Growing Room 
    • Exhibit 133: Growing Room – Overview
    • Exhibit 134: Growing Room – Product / Service
    • Exhibit 135: Growing Room – Key offerings
  • 12.10 JP Holdings Inc. 
    • Exhibit 136: JP Holdings Inc. – Overview
    • Exhibit 137: JP Holdings Inc. – Product / Service
    • Exhibit 138: JP Holdings Inc. – Key offerings
  • 12.11 Kids R Kids International Inc. 
    • Exhibit 139: Kids R Kids International Inc. – Overview
    • Exhibit 140: Kids R Kids International Inc. – Product / Service
    • Exhibit 141: Kids R Kids International Inc. – Key offerings
  • 12.12 KinderCare Learning Centers LLC 
    • Exhibit 142: KinderCare Learning Centers LLC – Overview
    • Exhibit 143: KinderCare Learning Centers LLC – Product / Service
    • Exhibit 144: KinderCare Learning Centers LLC – Key offerings
  • 12.13 KU Childrens Services 
    • Exhibit 145: KU Childrens Services – Overview
    • Exhibit 146: KU Childrens Services – Product / Service
    • Exhibit 147: KU Childrens Services – Key offerings
  • 12.14 Learning Care Group 
    • Exhibit 148: Learning Care Group – Overview
    • Exhibit 149: Learning Care Group – Product / Service
    • Exhibit 150: Learning Care Group – Key offerings
  • 12.15 Penny and Peggy Nairn 24 Hour Childcare Inc.
    • Exhibit 151: Penny and Peggy Nairn 24 Hour Childcare Inc. – Overview
    • Exhibit 152: Penny and Peggy Nairn 24 Hour Childcare Inc. – Product / Service
    • Exhibit 153: Penny and Peggy Nairn 24 Hour Childcare Inc. – Key offerings
  • 12.16 Primrose School Franchising Co. LLC
    • Exhibit 154: Primrose School Franchising Co. LLC – Overview
    • Exhibit 155: Primrose School Franchising Co. LLC – Product / Service
    • Exhibit 156: Primrose School Franchising Co. LLC – Key offerings
  • 12.17 Spring Education Group 
    • Exhibit 157: Spring Education Group – Overview
    • Exhibit 158: Spring Education Group – Product / Service
    • Exhibit 159: Spring Education Group – Key offerings

13 Appendix

  • 13.1 Scope of the report 
  • 13.2 Inclusions and exclusions checklist
    • Exhibit 160: Inclusions checklist
    • Exhibit 161: Exclusions checklist
  • 13.3 Currency conversion rates for US$ 
    • Exhibit 162: Currency conversion rates for US$
  • 13.4 Research methodology 
    • Exhibit 163: Research methodology
    • Exhibit 164: Validation techniques employed for market sizing
    • Exhibit 165: Information sources
  • 13.5 List of abbreviations 
    • Exhibit 166: List of abbreviations
  • adoption of multichannel marketing strategies: The key vendors in the market are striving to expand their target customer base by investing in marketing and promotional activities. Large specialized consumer service providers aim at strengthening their presence by investing in brand visibility activities, celebrity endorsements, and marketing through channels such as television, radio, the Internet, print media, posters, and direct mails. The competitors also use a targeted advertising approach and launch advertisements that are designed and crafted to promote the services and communicate the brand positioning. 
  • attrition and training: Professional, skilled, and unskilled workforce is required to provide specialized consumer services. However, there is a shortage of skilled and professional workforce to meet the demand. For instance, in security services, a skilled workforce is required when new monitoring devices and security gadgets are developed and adopted. Several vendors provide rigorous training to their employees about the handling of critical tasks while serving specialized consumer services. However, the retention of such a workforce is a major challenge. 

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Originally published at https://www.prnewswire.com/news-releases/children-day-care-services-market-size-to-grow-by-usd-164-11-billion-from-2022-to-2027-market-driven-by-the-increasing-labor-force-participation-rate-of-women—technavio-301862687.html
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The post Children Day Care Services Market size to grow by USD 164.11 billion from 2022 to 2027; Market driven by the increasing labor force participation rate of women – Technavio first appeared on TREND MAG.

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