Dallas,Texas, Aug. 26, 2022 (GLOBE NEWSWIRE) -- By 2022, Early Childhood Education market was worth around USD 248 billion. By 2029, the market is projected to increase at a CAGR of 13.5% and be worth over USD 486 billion.
The increased concern of state and federal governments about expanding the number of educational programmes and enhancing the quality of education offered in primary classes throughout the projected period will be the key driver of the expansion of the global early childhood education market. A child's emotional, social, physical, and cognitive needs are improved via a variety of interactions and activities in early childhood education, which helps provide a solid and thorough basis for lifetime learning and wellbeing. Additionally, it helps kids behave better before starting primary school.
For kids up to the age of eight, a variety of educational courses and fundamental skills programmes are available in the early childhood education field. Numerous edtech companies have been releasing various educational programmes based on the age range of children over the last few years. Early childhood programmes adapt and enhance the linguistic, cultural, familial, and economic diversity of children's learning and comprehension abilities. The global early childhood education market has been gradually expanding over the last few years. The market's growth rate is predicted to increase marginally throughout the prediction period, according to the forecast analysis. The proliferation of virtual classrooms, the trend toward more digitization, and the adoption of cutting-edge teaching methods in educational institutions are likely driving the global early childhood education market expansion.
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Any educational and recreational programme that can aid children in enhancing their mental health throughout the early years of schooling, from 4 months to 6 years, is considered an early childhood education practice. This early childhood education also includes pre-school and daycare facilities that provide childcare, playgroup, nursery, and kindergarten (LKG/UKG) programmes. Simply put, early childhood education teaches children the fundamental manners of life, preparing them for primary school and additional education in later life. This program's major goal is to allow the kid to participate in a welcoming, safe, nurturing, and enriching setting.
The implementation of early childhood education involves giving the children a fundamental grasp of the academic subjects in a more creative and approachable way. Children under the age of three benefits from early childhood education by learning the appropriate ways to eat, walk, share, and other life skills. For instance, in August 2018, the Virginia-based school management corporation K12 Inc. made a strategic investment in the Tallo platform (formerly known as STEM Premier). The organization's major goals in making the investment were to strengthen its workforce talent and grow its online education community.
The childhood education segment led the early childhood education market in 2021 with a market share of over 65%. The primary obligation for aiding in the personality development of children falls to early childhood institutions. Early childhood education helps a child enroll in grade school effectively, lowers the risk of mental health problems, improves kids' sense of independence, and lowers the likelihood of future social and emotional health concerns.
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Global Early Childhood Education market Scope:
| Metrics | Details |
| Study Period | 2019-2029 |
| Market Size in 2029 | USD 486 billion |
| Segment Covered | by Type, Application, Regions |
| by Type Covered | Distance Education, Early Childhood Education School |
| Application Covered | 5-8 Years, 3-5 Years, below 3 Years |
| Regions Covered | North America, Europe, Asia Pacific, Middle East and Africa, South America |
| Key Players Profiled | Ambow Education Holding, Blossom Educational, Tadpoles, USDA, Scoyo, Ambow Education Holding, Cake Child Care Ltd., Orgamation Technologies, Kindertales, and New Oriental Education & Technology,etc |
Due to the expanding importance of early childhood education throughout the formative years of children, North America presently dominates the global market for early childhood education. Additionally, the increase in disposable income is anticipated to support the market's expansion in the North American area. The demand for early childhood education in North America is rising as a result of working couples who lack the time to teach their children at home.
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Major Points from Table of Contents:
1. Introduction
2. Research Methodology
3. Market Outlook
4. Global Early Childhood Education Market by Type, 2021-2028 (USD Billion)
5. Global Early Childhood Education Market by Application, 2021-2028 (USD Billion)
6. Global Early Childhood Education Market by Region 2021-2028 (USD Billion)
7. Competitive Landscape
8. Company Profiles
9. Appendix
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