PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1290796
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1290796
Early Childhood Education Market size was valued at USD 520,700.1 Million in 2022, expanding at a CAGR of 11.9% from 2023 to 2030.
Early childhood education is a set of interactions and practices aimed at improving a child's emotional, social, physical, and cognitive needs in order to lay a solid foundation for lifelong learning and well-being. It also aids in the improvement of children's behavior before they enter elementary school. Early childhood education methods can include any form of educational and recreational activity that can assist children in enhancing their mental well-being from 4 months to 6 years of age. Early childhood education also includes pre-school and daycare providers that provide programs such as childcare, playgroup, nursery, and kindergarten (LKG/UKG).
The biggest factor driving the growth of the global early childhood education market will be the increased concern of state and federal governments about increasing the number of educational programmes and improving the quality of education provided in primary classes throughout the projected period. Early childhood education provides a strong and comprehensive foundation for lifelong learning and wellbeing by enhancing a child's emotional, social, physical, and cognitive requirements through a variety of interactions and activities. Additionally, it improves children's behaviour prior to entering primary school. The early childhood education sector offers a wide range of educational courses and basic skills training for children up to the age of eight. Over the past few years, numerous edtech businesses have released a variety of educational programmes based on the age range of children. The linguistic, cultural, family, and economic diversity of children's learning and understanding abilities are adjusted for and strengthened by early childhood initiatives. Over the past few years, the market for early childhood education has been gradually growing. The forecast research predicts that the market's growth rate will slightly increase over the course of the projected period.
The growth of the worldwide early childhood education market is likely being driven by the spread of virtual classrooms, the trend towards greater digitization, and the use of cutting-edge teaching techniques in educational institutions.
Based on type, the early childhood education schools is expected to dominate the market during the forecast period. Early childhood schools are primarily responsible for assisting youngsters in their personal development. Early childhood education aids in the effective enrollment of children in grade schools, lowers the risk of mental disorders, increases self-reliance in children, and lowers the chance of future social and emotional health problems. Thus, this is expected to drive the market growth during the forecast period.
In 2022, North America is expected to dominate the global early childhood education market, primarily as a result of parents' increasing concerns about their children's access to early education, which are stoked by increased awareness and the lack of time that working parents have, forcing them to seek outside assistance for their children's education.
The increased investments and market participants in the region, as well as the expanding number of nonprofit organisations seeking to build an inclusive education system, are all projected to contribute to Asia-Pacific's growth. The growing use of technological systems and sophisticated teaching methods in knowledge transfer, which makes the entire process more student-friendly, may also benefit the local market.
In November 2022, the Los Angeles Times announced the beginning of an early childhood education programme that will explore and address important issues that have an impact on California's young citizens as well as their parents, educators, and carers. The effort, which will run for two years, will begin in early 2023.
The scope of this report covers the market by its major segments, which include as follows: