NEW YORK, United States, Sept. 14, 2022 (GLOBE NEWSWIRE) — Facts and Factors has published a new research report titled “Childhood Education Market By Product (Distance Education Institution and Early Childhood Education School), By Application (5-8 Age, 3-5 Age, and <3 Age), and By Region: Global Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecast 2019–2026” in its research database.
“According to the latest research study, the demand of global Early Childhood Education Market size & share was valued at approximately USD 245 Billion in 2019. The market is expected to grow above a CAGR of 10.5% and is anticipated to reach over USD 480 Billion by 2026.”
The report analyses the Early Childhood Education market’s drivers and restraints, as well as the impact they have on-demand throughout the projection period. In addition, the report examines global opportunities in the global Early Childhood Education market.
In the early childhood education sector, several basic skills and educational courses are offered for children up to the age of eight years. From the past few years, many edtech firms have been launching different educational programs based on the age group of children. The early childhood programs evolve and develop learning and understanding skills of children belonging from diverse cultures, families, economic standards, and linguistic styles.
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Key Insights from Primary Research
- As per the analysis, the Early Childhood Education market is likely to grow above a CAGR of around 10.5% between 2020 and 2026.
- The Early Childhood Education market size was worth around US$ 245 Billion in 2019 and is estimated to hit approximately US$ 480 Billion by 2026. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
- Growing digitalization and virtual platform trend likely to flourish the global early childhood education market.
- Early childhood education school category dominates the global market.
- On the basis of region, the “North America region” will likely overtake the global market.
Competitive Players Analysis:
The report contains qualitative and quantitative research on the global Early Childhood Education Market, as well as detailed insights and development strategies employed by the leading competitors. The report also provides an in-depth analysis of the market’s main competitors, as well as information on their competitiveness. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts. The study examines, among other things, each company’s global presence, competitors, service offers, and standards.
Some of the main players in the global Early Childhood Education market include;
- Ambow Education Holding
- Cake Child Care Ltd.
- Tadpoles LLC
- New Oriental Education & Technology
- Blossom Educational
- Orgamation Technologies Inc.
- K12 Inc.
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- Growing digitalization and virtual platform trend likely to flourish the global early childhood education market
From the past few years, the global early childhood education market has been growing steadily. However, the forecast study indicates that the market’s growth rate is likely to increase slightly during 2019–2026. The market growth is probably fueled due to the increasing installation of virtual classrooms, the growing digitalization trend, and the introduction of novel learning techniques in educational institutes.
- Federal guidelines targeting to improve the program count and quality
In early childhood, a student goes through a “sensitive period” where he/she develops some important neural pathways and architecture. State and federal governments have set some regulations to improve these educational programs in terms of number and quality.
Key challenges in the market
Some of the key challenges recently faced by educational institutes in driving the global market are to achieve an optimum standard of education, to organize regular converse sessions with parents regarding childhood development, and building teaching and managing skills of educators. The varying economic standards have augmented complications.
Browse the full “Early Childhood Education Market By Product (Distance Education Institution and Early Childhood Education School), By Application (5-8 Age, 3-5 Age, and <3 Age), and By Region: Global Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecast 2019–2026” Report at https://www.fnfresearch.com/global-early-childhood-education-market-by-product-distance
- Early childhood education school category dominates the global market
By product, the global market is bifurcated into the early childhood education school and distance education institution category. Of which, the former category accounts for the major share in the global early childhood education market owing to the key responsibility of these institutes to help children in their personality development. This would result in the successful admission of children in grade schools, improve their self-reliance, and mitigate the risk of mental, social, and emotional health problems in the future.
- North America leads the global early childhood education market
North America dominated the global early childhood education market by holding the major share in the market. The regional dominance is owing to the rising concerns towards the significance of early childhood education in the life of children. Moreover, the considerable rise in disposable income standards is projected to fuel the global early childhood education market.
|Market Size in 2019||USD 245 Billion|
|Projected Market Size in 2026||USD 480 Billion|
|CAGR Growth Rate||10.5% CAGR|
|Forecast Years||2020 – 2026|
|Key Market Players||XUSDA, Famly, Scoyo, Ambow Education Holding, Kindertales, Cake Child Care Ltd., Tadpoles LLC, New Oriental Education & Technology, Blossom Educational, Orgamation Technologies Inc., K12 Inc., Languagenut, Eleyo, aimyPlus, Pearson, and others.|
|Key Segment||By Product, Application, and Region|
|Major Regions Covered||North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa|
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The global Early Childhood Education market is segmented as follows:
- Distance Education Institution
- Early Childhood Education School
- North America
- The UK
- Rest of Europe
- Asia Pacific
- Southeast Asia
- Rest of Southeast Asia
- The Middle East & Africa
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Rest of Latin America
- Market Size, Trends, & Forecast by Revenue | 2020 − 2026
- Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
- Market Segmentation – A detailed analysis by Product, Application, and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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