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This professional and specialized report study examines the technical and business perspective of the global Early childhood education industry. The report provides a historical analysis of the industry as well as the projected trends expected to be witnessed in the global Early childhood education market. The report study analyzes the market statistics at the global as well as the regional levels to gain an in-depth perspective of the overall Early childhood education market.According to the research report published by Fact and Factors Market Research, the global Early Childhood Education Market in 2019 is around USD 245 Billion and is anticipated to reach over USD 480 Billion by 2026. The anticipated CAGR for the market is around 10.5% from 2020 to 2026.
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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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 Players:
Some of the essential players operating in the global early childhood education market, but not restricted to include USDA, 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 Oncare, among others.
In August 2018, a Virginia-based education management organization, K12 Inc., has strategically invested in Tallo platform, formerly known as STEM Premier. The investment has been helping the organization to reinforce its workforce talent and to expand its online education community.
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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.
Dominating & flourishing market segments
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.
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The research study provides a critical assessment of the global Early childhood education industry by logically segmenting the market on the basis of product, application, and region. Based on the past, present, and future trends, all the segments were analyzed from the bottom up, and the market sizes have been estimated from 2020 to 2026. The regional segmentation of the global Early childhood education industry includes the holistic bifurcation of all the five major continents including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
The global early childhood education market is segmented based on product, application, and region. By product, the market is segmented into distance education institutions and early childhood education schools. Based on application, the global market is bifurcated into 5-8 age, 3-5 age, and <3 age.
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.
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