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The childcare management software market is estimated to grow/decline 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 growth of the market depends on several factors, including growing enrollments in preschools and playschools, the provision of incentives for childcare to parents from governments and the increasing number of working women and appreciation.
This report extensively covers market segmentation by deployment (cloud-based and on-premise) and geography (North America, Europe, APAC, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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Technavio categorizes the global childcare management software market as a part of the Application Software market & within the global Information Technology industry. The parent global application software market covers companies that are engaged in developing and producing application and system software. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.
The growing enrollments in preschools and playschools are notably driving the childcare management software market growth, although factors such as financial constraints in running childcare centers may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Childcare Management Software Market Driver
The growing enrollment in preschools and playschools is a key factor driving the global childcare management software market growth. Preschools and playschools serve as an entry path to formal schooling and provide enhanced early learning for small children. The awareness of the benefits of preschools and playschools is increasing around the world. These schools use many soft skill techniques and technologies to aid in better learning and the development of a child’s personality, communication, and problem-solving skills.
The use of childcare management software forms an integral part of the service offerings by these centers. With an increasing enrollment of children in these kinds of childcare centers around the world, the demand for childcare management software will also increase phenomenally during the forecast period.
Key Childcare Management Software Market Trend
The integration of marketing tools with payment features will fuel the global childcare management software market growth. These days, childcare management software is bundled with features such as direct e-mail, social media integration, chatbots, and file transfer facilities. These features enable childcare centers to post about social, operational, extracurricular, and academic activities periodically to maintain healthy connections with parents and establish an online presence for improved branding and marketing. This helps these childcare centers attract prospective customers and retain the old ones.
Referral programs with financial benefits are also being integrated within the childcare management software applications as a part of lateral marketing efforts. At present, a few childcare management software providers also integrate CRM tools such as ChildCareCRM for lead management, marketing campaigns, and dashboard management features. Hence, the above-mentioned factors are excepted to drive the growth of the global childcare management software market during the forecast period.
Key Childcare Management Software Market Challenge
Financial constraints in running childcare centers are a major challenge to the global childcare management software market growth. The proliferation of playschools, nurseries, and schools with daycare facilities has reduced the profit margin for childcare business owners. Investing in software without profitability is challenging for smaller daycare owners. Considering high operational costs such as labor wages, rent, and maintenance of childcare facilities, the profit margins can be increased only if the occupancy rate is significantly high. The occupancy rate is high in urban areas compared with that in rural and semi-urban areas. This enables facilities in urban areas to make higher profits than those in semi-urban or rural areas.
Childcare facilities in urban areas can make up to three times more profits than those in rural areas. Therefore, childcare centers with lower occupancy and profit margins will have reservations about additional spending on childcare management software. These centers still prefer traditional childcare techniques and use legacy software to manage operations. Such factors may hamper the growth of the global childcare management software market during the forecast period.
Key Childcare Management Software Market Customer Landscape
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Childcare Management Software Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
blossomeducational.com - The company offers childcare management software namely Blossom Nursery Management Software. Also, this segment focuses on developing nursery management software for nursery schools, daycare centers, and pre-schools, which is designed to make nursery school management clear and simple.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
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 has been growing exponentially over the last five years. It is expected to continue to grow during the forecast period. This model involves the payment of a flat fee by end-users to the vendor that provides hosting facilities. Data centers provide requisite servers, storage, and security software to the customers of childcare management software. This deployment method eliminates the need for customers to own hardware for running the application, thereby reducing their operational costs.
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The cloud-based segment showed a gradual increase in the market share of USD 107.36 million in 2017 and continued to grow by 2021. The cloud-based software can be accessed by any device, such as laptops, smartphones, and tablets, using an Internet connection. For instance, employees at childcare centers can access the software even from their homes for tasks such as scheduling, monitoring, procurement, or financial reporting. For childcare centers that have a shortage of employees, cloud-based deployment enables existing employees to work on the scheduled tasks from the convenience of their homes. Generally, on-cloud software has limits with respect to the configuration as it is deployed in a common place for all clients. Customizable features can include add-on modules such as CRM, payment reminders to parents, and details such as forms to collect information. Cloud-based childcare management software is scalable and helps in monitoring children's activities. It also helps childcare centers operate faster and more efficiently.
The presence of small-scale private childcare centers will drive the growth of the cloud-based segment in the global childcare management software market in terms of volume. Most of the leading vendors, such as Procare Software and SofterWare, offer on-cloud versions of their childcare management software. The growth of this segment is primarily attributed to the increasing adoption of Childcare Management Software, which is driven by an increase in the global demand for the childcare management software industry.
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North America is projected to contribute 36% by 2027. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The US Bureau of Labor Statistics also predicts childcare businesses to be among the fast-growing industries in the coming decade. The increasing diversity in the higher education sector and the presence of many multinationals have increased the number of female professionals in the corporate sector in the US and Canada. The US government also has policies that ensure the right for women to return to work after maternity leave in the same or an equivalent position. This has increased the need for childcare facilities in the US and Canada. In addition, as business operations are increasingly shifting toward the digital mode, the need to implement childcare management software to manage childcare center operations is gaining prominence. This shift toward the digitization of operations alongside the increasing demand for childcare facilities will aid the growth of the childcare management software market in North America during the forecast period.
In 2021, the initiation of large-scale COVID-19 vaccination drives led to a decline in the number of COVID-19 cases, which resulted in the lifting of lockdown restrictions in North America and the resumption of operations in end-user facilities, including preschools and daycare centers. This increased the demand for childcare management software in North America. Hence, the above-mentioned factors are expected to fuel the growth of the childcare management software market in North America during the forecast period.
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by type, product, distribution channel, and region.
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Childcare Management Software Market Scope |
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Report Coverage |
Details |
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Page number |
161 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 7.65% |
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Market growth 2023-2027 |
$ 83.06 million |
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Market structure |
Fragmented |
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YoY growth (%) |
6.45 |
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Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
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Performing market contribution |
North America at 36% |
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Key countries |
US, Canada, China, Germany, and UK |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Blossom Educational, Brightwheel, Cake Child Care Ltd., CRM Web Solutions LLC, Eleyo, Enrollsy Inc., EZChildTrack, Hi Mama Inc., Jackrabbit Technologies Inc., Kangarootime, KidCheck Inc., Kindertales.com Inc., Kindyhub, LifeCubby, MyXplor Pty Ltd., Orgamation Technologies Inc., Parent ApS, Procare Software LLC, SofterWare Inc., and Vanco |
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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 |
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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. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Deployment
7 Market Segmentation by Solution
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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