Global Childcare Software: Regional Insights
On the basis of region, the global childcare software market is segmented into North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.
North America accounted for the largest share in the childcare software market in 2017 due to technological advancements followed by high usage of mobiles, tablets, and computers across various sectors. According to U.S. Department of Health & Human Services licensing regulations, childcare centers and childcare programs need to be licensed and monitored by a state licensing agency. For instance, thread connecting early care and education to Alaska is a licensed childcare center. The adoption of childcare software across the region is estimated to rise at a significant rate due to client-centric approaches, provision of 24/7 customer engagement, and operational efficiency. This eventually increases the penetration of childcare software deployment in this region. According to the Small Business Development Center (SBDC), the U.S. child care services market includes around 53,000 commercial facilities with a combined annual revenue of US$ 23 billion and around 20,000 facilities run by non-profit organizations with a combined annual revenue of US$ 10 billion.
Asia Pacific accounted for the largest market share in 2017 and is expected to retain that over the forecast period, owing to the increasing usage of smartphone and increasing sales of smart phones, especially in the emerging economies such as India and China. According to Coherent Market Insights, by the end of 2016, sales value of smartphones in China was around US$ 136.5 billion with an increase of around 12 percent when compared to the sales value in 2015. According to the India Brand Equity Foundation (IBEF), India was the world’s third largest smartphone market in 2017 with smartphone shipments growing by 15 percent per year to 126 million units.
Childcare Software Market Report Snapshots
Joining thousands of companies around the world committed to making the Excellent Business Solutions.
View All Our Clients