Cloud Segment to Dominate North America Childcare Management Software Market During 2021–2028
According to The Insight Partners market research study on “North America Childcare Management Software Market to 2028 – COVID-19 Impact and Regional Analysis – by Deployment, Solution, and Application,” the market is expected to reach US$ 95.02 million by 2028 from US$ 59.28 million in 2021. The market is estimated to register a CAGR of 7.0% from 2021 to 2028. The report provides trends prevailing in the North America childcare management software market along with the factors driving and restraining the market growth. Growing number of daycare centers/kindergarten schools and increasing number of women going to offices, as well as opening in-office daycare centers in corporates, are among the major drivers propelling the childcare software management market growth. However, the high price of software is a factor restraining the market growth, as small kindergarten schools may have low budget allocation. Nonetheless, the integration of advanced technologies such as video streaming and ChatBot is expected to generate significant opportunities for the childcare management software market.
The outbreak of COVID-19 has negatively impacted market growth. The temporary closure of all education and daycare centers in North America resulted in confining children to their homes. This sudden closure led to a severe decline in the demand for childcare management software from institutions such as preschools, before and aftercare centers, and daycare centers. Additionally, the high adoption of work from home culture due to the pandemic has compelled parents to self-monitor their child and their progress. This has further led to the decline in the adoption of childcare management solutions among parents, thereby negatively impacting the growth of the childcare management software market.
The North America childcare management software market is segmented into deployment, solution, and application, and country. Based on deployment, the market is further segmented into on premise and cloud. The cloud segment dominated the North America childcare management software market in 2020 and is expected to grow at a faster pace during the forecast period. Based on solution, the market is subsegmented into family and child data management, attendance, accounting, time and activity management, nutrition management, and others. The accounting segment dominated the North America childcare management software market in 2020, while the nutrition segment is expected to grow at the fastest rate during the forecast period. Based on application, the market is categorized into daycare, before and aftercare, preschool, camps, and others. The daycare segment dominated the North American market in 2020, and the others segment is expected to grow at the fastest rate during the forecast period.
The childcare management software market is segmented into deployment and solution; the market is analyzed across three major countries—United States, Canada and Mexico. Based on deployment, the market is further segmented into on-premises and cloud. Currently, the cloud deployment segment dominates the market and is expected to be the fastest-growing segment during the forecast period. Based on solution, the market is segmented into family and child data management, attendance tracker, accounting, time and activity management, nutrition management, and others. In 2020, the time and activity management segment dominated the childcare management software market, whereas nutrition management is expected to be the fastest-growing segment in the future.
Bloomz Inc.; Eleyo; Himama; Iclasspro; Kidcheck; Kindyhub; Kwiksol Corporation; Oncare; Softerware, Inc.; and Tadpoles LLC are among the leading companies in the North America childcare management software market. The companies focus on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, Kindyhub partnered with Kidsoft to build features removing the need for a double entry of any information related to students and their parents.
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