Early Childhood Education Market Report 2024

This Early Childhood Education industry 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 early childhood education market size has grown strongly in recent years. It will grow from $257.93 billion in 2023 to $282.46 billion in 2024 at a compound annual growth rate (CAGR) of 9.5%. The growth during the historic period can be attributed to advancements in psychological theories of development, economic growth, workforce demands, government policies and funding, educational research, and movements focused on child welfare and protection.

The early childhood education market size is expected to see strong growth in the next few years. It will grow to $407.83 billion in 2028 at a compound annual growth rate (CAGR) of 9.6%. The anticipated growth in the forecast period can be attributed to government policies and funding, increased awareness, technological advancements, and higher workforce participation. Major trends expected during this period include greater integration of technology, a focus on social-emotional learning, personalized learning approaches, the expansion of inclusive education, and an emphasis on play-based learning.

The increasing number of working parents is projected to drive the growth of the early childhood education market. Economic pressures and the necessity of dual incomes to sustain a household’s standard of living are leading to more parents joining the workforce. Early childhood education offers dependable childcare for working parents, allowing them to continue their careers while ensuring their children receive essential learning and socialization. This type of education supports cognitive development and sets the foundation for future academic success. For example, in October 2022, the Australian Bureau of Statistics reported that 94.5% of couple families with dependents had at least one employed parent. Furthermore, the percentage of couple families with both parents working increased to 71.4%, up from 69.9% in 2021. As a result, the rise in working parents is fueling the expansion of the early childhood education market.

Companies in the early childhood education sector are focusing on developing innovative solutions, such as artificial intelligence (AI)-driven platforms, to gain a market advantage. AI-driven platforms in early childhood education use technology to enhance and personalize learning experiences for young children. For instance, in July 2024, Vardhan Group, an India-based real estate firm, launched the Boost My Child (BMC) platform, an AI-driven initiative designed to improve early childhood education for children aged 0 to 8 years. This platform supports teachers and parents in fostering holistic development according to the National Education Policy (NEP) and National Curriculum Framework (NCF) guidelines. BMC includes a school assessment module (SAM) that allows teachers to evaluate students' development through an intuitive interface on various devices. Additionally, the platform offers a mobile app for parents, providing insights into their child's progress across six categories and 21 areas, along with personalized activities and parenting guidelines tailored to each child's needs.

In July 2024, Procare Solutions, a US-based child care management software provider, acquired Bertelsen Education for an undisclosed sum. This acquisition enables Procare Solutions to offer ongoing education and professional development training specifically for early childhood education (ECE) providers. Bertelsen Education, a US-based company, specializes in providing professional development resources and training for early childhood educators and childcare providers.

Major companies operating in the early childhood education market are Learning Care Group, La Petite Academy, The Goddard School, KinderCare Education, Bright Horizons Family Solutions, G8 Education Ltd, Busy Bees, Childtime Learning Centers, KIPP Foundation, New Horizon Academy, The Learning Experience, Nobel Learning Communities, Knowledge Universe, Crème de la Crème, Little Sprouts, Kids R Kids International Inc., Safari Kid, Kidzee, Great Beginnings Preschool and Childcare, Primrose Schools, Bright Start Early Education, Smart Start Education, Creative Kids Learning Center, Montessori Schools, Mini-Skool Early Learning Centers, Discovery Kids.

North America was the largest region in the early childhood education market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the early childhood education market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the early childhood education market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Early childhood education encompasses the learning experiences from birth to eight years old. This crucial phase supports cognitive, emotional, social, and physical development and includes both formal and informal programs such as preschool, kindergarten, and early elementary grades.

The primary types of early childhood education are distance education and early childhood education schools. Distance education for young children involves teaching through online or virtual platforms, enabling learning from home. Fee structures vary by income levels - low-income, medium-income, and high-income - and applications are tailored to different age groups, under 3 years, 3-5 years, and 5-8 years.

The early childhood education market research report is one of a series of new reports that provides early childhood education market statistics, including early childhood education industry global market size, regional shares, competitors with an early childhood education market share, detailed early childhood education market segments, market trends, and opportunities, and any further data you may need to thrive in the early childhood education industry. This early childhood education 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 early childhood education market includes revenues earned by entities by providing services such as daycare centers, family daycare, after-school programs, parenting education and support, and health and nutrition services. 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.


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