US Child Care Market by Region – Global Opportunities & Forecast, 2020-2027

The US Child Care Market is projected to witness a significant surge in the growth rate of 3.9% over the forecast period. The growing awareness towards the association of economic growth, ingress to child care, and parental employment have stimulated market growth. Further, the acceleratio

US Child Care Market

The US Child Care Market is projected to witness a significant surge in the growth rate of 3.9% over the forecast period. The growing awareness towards the association of economic growth, ingress to child care, and parental employment have stimulated market growth. Further, the acceleration in the number of working parents has elevated the demand for child care.

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US Child Care Market Dynamics

The accelerating number of working families has raised the tension to leave children alone at home. Thus, the increasing agitation has evolved the need to enroll children in childcare institutes which has strengthened the demand growth of the US Child Care market. Also, corporate offices are offering childcare services to their employees to accomplish their work-life balance, which will further promote market growth. Moreover, the care standard and absence of slots are major issues the individuals face while choosing childcare services. Hence, childcare service vendors have adopted technology solutions to assist parents in choosing the exact childcare centers for their children.

However, the inadequacy of caregivers across developed countries like the US is projected to restrain the market growth. Other factors like less salary, inadequate secure employment, limited skills, and insufficient work experience have restrained the market growth.

Type Segment Drivers

The Early Education and day-care segment is anticipated to lead the market by capturing the highest share over the coming years. The aggravating demand for elementary education and the accessibility of home day-care services has helped to cater to the demand for childcare centers. For instance, companies like 'Rain the Growth Agency' have promoted a childcare show to facet a daily live childcare show as an educational program that includes exercise activities, storytime, and snack ideas.

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