Published On : 22 Aug 2017
QYResearchReports.com has announced the addition of a new market intelligence report, titled “2022 Market Size Status and Forecast Report On Global Childcare Software”. The comprehensive report on the global childcare software market offers an elaborate assessment of key drivers and restraints, notable technology trends, lucrative avenues, and competitive dynamics. The study offers in-depth insights into the share and size of various segments, recent advancements in software, and the key factors boosting the application among nursery schools and family.
The research analyzes key factors driving the growth of prominent product segments in major country markets such as China, India, Japan, and the U.S. furthermore, the study covers emerging growth prospects in various countries of Europe and Southeast Asia. The global childcare software market stood at US$363 million USD in 2016 and is projected to reach US$579 million by the end of 2022. Witnessing numerous exciting opportunities in the coming years, the worldwide market is predicted to rise at a CAGR of 8.1% from 2016 to 2022.
The rising need for childcare management solutions in day care centers and schools is a key factor driving the market. The growing demand for modular childcare management software among child care owners and professionals is boosting the uptake of software. The pressing need for managing learning and educational outcomes for children in day care centers and families is a key factor expected to catalyze the demand for web-based childcare management solutions. The intensifying demand for family engagement tools is a key factor bolstering the demand for childcare software.
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The soaring popularity of solutions for automating day-to-day operations in day care centers for a variety of functions, is expected to accentuate the childcare software market. Some of the common functions that are automated by childcare software are check-ins and check-outs, invoices delivery, notification to parents, enrollment and payment, and the timely creation of ad-hoc reports. Constant technological advancements in installed-personal computers and installed-mobile solutions are likely to boost the market.
In recent years, the demand for cloud-based childcare software solutions has gained traction for the real-time management of pre-school and after-school programs. The advent of intuitive and user-friendly software has bolstered the uptake of childhood management solution. The demand for a single platform for managing a variety of administrative and financial processes is anticipated to unlock exciting opportunities for the vendors of cloud-based childcare software in the coming years.
Several vendors of childcare software are actively providing robust support services to day care centers owners and professionals providing childcare. This bodes well for the childcare software market. The solutions that offer customized settings is a key feature bolstering the uptake of childcare software among various application segments. For instance, childcare software equipped with advanced features such as customized billing is likely to gain increased adoption across day care centers. The development of functionalities that can integrate children development, parents’ engagement, and teachers’ initiatives is a key factor expected to bode well for the market.
Prominent players vying for a significant share of the childcare software market include Kindertales, Ledger Software, Jackrabbit Technologies, Procare Software, Ladder Software, and SofterWare, Inc.
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