Adaptation of child friendly curriculum based on a blend of western and Indian values, Increase in the number of nuclear family structures/units, Rise in general awareness regarding benefits and importance of ECCE, Increase in confidence of parents in private daycare centers and Increased number of preschool and daycare centers in Tier II/III cities have surged substantial growth in India Preschool and Daycare Services Market
The daycare and preschool market has largely been unorganized in terms of number of centers. Market in Tier II & Tier III cities has been in early growth stage. Concerns regarding better childhood education and proper brain development have been major concerns of parents in the country. This supported with the threat of secure enrolment in renowned K-12 schools has provided a thrust to the market over the past few years
Rapid increase in working-women population and nuclear family structures especially in urban areas has created a deficiency of time and resources to look after children 24×7. With major companies introducing corporate daycares centers & childcare policies at work, child education & care has become a popular trend.
Number of schools extending day care & pre-schooling facilities across India especially in Tier I cities has augmented at a significant pace in India. Easy expansion through franchise system and penetration into untapped regions of Tier II and III cities has also facilitated the market size. Requirement of low financial & infrastructural investments have led to easy expansion in the number of play schools and daycare centers.
It has been observed that rising standard of living has been maneuvering parents to become more brand conscious. Increase in disposable income, adaptation of international curriculum by major pre-schooling chains have surged market growth. According to Ken Research report titled “India Preschool and Daycare Services Market Outlook to 2022 – by Market Structure (Organized and Unorganized) and by Regions (Delhi NCR, Uttar Pradesh, Maharashtra, Karnataka, Andhra Pradesh, Tamil Nadu, Madhya Pradesh, Rajasthan, Gujarat)” increasing penetration in Tier I and Tier II cities along with rising standard of living and growing working population will be the key growth catalyst in future.
For more information on the research report, refer to below link:
The report will help industry consultants, child care centers, day care centers and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
The report focuses on overall market size for daycare centers operating in Indonesia, market segmentation by region (Java, Sumatra and Others), by Java region (West Java, Central Java and East Java), by type of daycare membership (monthly, daily and others) and by type of programs (full day, half day and others)
KSA education industry has also grown immensely due to the improved relations of Saudi government with other nations including the UK, which witnessed an increase in female students from Saudi Arabia opting to study abroad
Ankur Gupta, Head Marketing & Communications