PUBLISHER: The Business Research Company | PRODUCT CODE: 1465726
PUBLISHER: The Business Research Company | PRODUCT CODE: 1465726
Daycare management software, also known as child care management software, is a specialized digital platform designed to assist daycare centers, preschools, and other child-focused facilities in efficiently managing their operations. This software is tailored to streamline administrative tasks, simplify daily processes, improve communication between staff and parents, automate billing procedures, and enhance overall operational efficiency.
The primary types of daycare management software are cloud-based and on-premises solutions. Cloud-based software involves computer programs or applications that are managed, stored, and accessed online through the cloud. The software encompasses various solutions, including parent engagement and communication management, time and activity tracking, student attendance monitoring, childcare payment processing, accounting and recordkeeping, pandemic protocol management, childcare security features, nutrition and meal planning management, among others. These solutions find applications in daycare centers, kindergartens, and other child-oriented facilities.
The daycare management software market research report is one of a series of new reports from The Business Research Company that provides daycare management software market statistics, including daycare management software industry global market size, regional shares, competitors with a daycare management software market share, detailed daycare management software market segments, market trends and opportunities, and any further data you may need to thrive in the daycare management software industry. This daycare management software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The daycare management software market size has grown strongly in recent years. It will grow from $9.05 billion in 2023 to $9.75 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The growth observed in the historical period can be attributed to several key factors. These include the increasing number of working parents, a growing demand for improved childcare services, rising awareness of the benefits associated with daycare management software, a growing investment in the daycare sector, and an increased emphasis on child safety and well-being.
The daycare management software market size is expected to see strong growth in the next few years. It will grow to $12.52 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The anticipated growth in the forecast period can be attributed to several key factors. These include the increasing penetration of technology in the childcare industry, a rising demand for cloud-based solutions for daycare management, a growing need for automated and efficient daycare management tools, an increasing availability of affordable daycare management solutions, and a rising expectation for real-time communication. Major trends expected in this period include technological advancements, AI-driven automation, integration with IoT devices, the prevalence of mobile-first solutions, and the adoption of parent engagement tools.
The increasing number of working parents is poised to drive the growth of the daycare management software market in the coming years. Working parents, including both mothers and fathers, are individuals engaged in professional work while also fulfilling parental responsibilities. This demographic is on the rise, fueled by various factors such as supportive workplace policies including paid parental leave, flexible work schedules, childcare assistance, and family-friendly benefits. Childcare management software plays a pivotal role in easing the childcare experience for working parents by enhancing communication, providing convenience in payments, ensuring parental engagement, and streamlining administrative processes. For instance, in April 2023, according to the Bureau of Labor Statistics, the percentage of working mothers with children under the age of 18 increased to 72.9% in 2022, up by 1.7 percentage points from the prior year. Additionally, the participation rate for fathers with children under the age of 18 rose from 92.5% in 2021 to 92.9% in 2022. Consequently, the growing number of working parents is fueling the expansion of the daycare management software market.
Key players in the daycare management software market are focusing on advanced technological solutions to enhance child outcomes and maintain a competitive edge. Notably, integrated assessments represent a comprehensive approach that evaluates various aspects of a child's well-being, development, and needs. For instance, in March 2023, Procare Software LLC, a US-based childcare management solutions provider, introduced Vine Assessments, a daycare management software equipped with a comprehensive framework enabling staff members and early childhood educators to track the development and progress of the children under their care. Vine Assessments offers developmental levels with 21 goals applicable to children from birth to age five, along with straightforward childhood exams meeting all 50 state criteria. This technology facilitates childcare centers in monitoring and assessing young children's growth and development, enabling teachers to effectively track and support their students' progress as they prepare for kindergarten.
In January 2024, Roper Technologies Inc., a leading US-based software company, completed the acquisition of Procare Software LLC for $1.7 billion. This strategic initiative is geared towards bolstering Roper Technologies' presence in the daycare management software market through the integration of Procare's cloud-based software into its portfolio. This acquisition enables Roper to leverage Procare's specialized expertise in simplifying operations for childcare providers, improving parent engagement, managing staff, and streamlining administrative tasks. Procare Software LLC, headquartered in the US, is known for designing and developing childcare management software solutions.
Major companies operating in the daycare management software market are Vanco Payment Solutions Inc., Sandbox Software, Illumine, SmartCare, SofterWare Inc., Amilia, Jackrabbit Technologies Inc., Hi Mama Inc., Chubby Cheeks Nursery, PLAYTIME SOLUTIONS LTD, Orgamation Technologies Inc., Kangarootime, EduCare, Kindertales LLC, Bright Kids Nursery, Bloomz Inc., Famly ApS, EZCare, iCare Software, myKidzDay, Prime Child Care, KiddieKare Technologies, Daily Connect, LIFECUBBY, ChildCare Manager, KinderTrack, MiniMinders Inc., Kindersoft Technologies Pvt Ltd., CHILDCARE PLUS LIMITED
North America was the largest region in the daycare management software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the daycare management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the daycare management software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The daycare management software market includes revenues earned by entities by providing services such as child enrollment management, scheduling and calendar management, and staff management. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Daycare Management Software Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on daycare management software market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for daycare management software ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The daycare management software market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.