Dublin, July 15, 2024 (GLOBE NEWSWIRE) -- The "Nuclear Decommissioning Services Global Market Opportunities and Strategies to 2033" report has been added to ResearchAndMarkets.com's offering.
The global daycare management software market reached a value of nearly $9.04 billion in 2023, having grown at a compound annual growth rate (CAGR) of 4.7% since 2018. The market is expected to grow from $9.04 billion in 2023 to $12.63 billion in 2028 at a rate of 6.9%. The market is then expected to grow at a CAGR of 5.1% from 2028 and reach $16.23 billion in 2033.
- Growth in the historic period resulted from the increased disposable income per capita, increase in demand for childcare services, increasing prevalence of dual-income households and increase in cloud-based activities. Factors that negatively affected growth in the historic period were concerns over data security and privacy regulations.
- Going forward, strong economic growth in emerging markets, initiatives to improve the quality of childcare, increasing concerns about child safety and rapid urbanization will drive the growth. Factor that could hinder the growth of the daycare management software market in the future include high initial investment costs.
Where is the largest and fastest-growing market for nuclear decommissioning services? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider nuclear decommissioning services market; and compares it with other markets.
Market Insights and Projections
The daycare management software market is segmented by type into cloud-based software and on-premises software. The cloud-based software market was the largest segment of the daycare management software market segmented by type, accounting for 64.1% or $5.8 billion of the total in 2023. Going forward, it is expected to be the fastest growing segment in the daycare management software market segmented by type, at a CAGR of 7.2% during 2023-2028.
The daycare management software market is segmented by solution into family and child data management, attendance tracker, accounting, time and activity management, nutrition management and other solutions. The nutrition management market was the largest segment of the daycare management software market segmented by solution, accounting for 30.1% or $2.71 billion of the total in 2023. Going forward, the accounting segment is expected to be the fastest growing segment in the daycare management software market segmented by solution, at a CAGR of 8.8% during 2023-2028.
The daycare management software market is segmented by application into daycare centers, kindergarten and other children care facilities. The daycare centers market was the largest segment of the daycare management software market segmented by application, accounting for 53.3% or $4.82 billion of the total in 2023. Going forward, the other children care facilities segment is expected to be the fastest growing segment in the daycare management software market segmented by application, at a CAGR of 8% during 2023-2028.
North America was the largest region in the daycare management software market, accounting for 43.1% or $3.89 billion of the total in 2023. It was followed by Western Europe, Asia Pacific and then the other regions. Going forward, the fastest-growing regions in the daycare management software market will be Asia Pacific and South America where growth will be at CAGRs of 10.3% and 8.7% respectively. These will be followed by Western Europe and Middle East where the markets are expected to grow at CAGRs of 6.8% and 6.3% respectively.
The global daycare management software market is highly fragmented, with a large number of players operating in the market. The top ten competitors in the market made up to 2.04% of the total market. Brightwheel Inc. was the largest competitor with a 0.68% share of the market, followed by Procare Solutions with 0.64%, Famly with 0.21%, Jackrabbit Tech with 0.15%, Kangarootime Inc. with 0.08%, Childcare Sage Software with 0.06%, iCare Software Inc. with 0.06%, LineLeader by ChildcareCRM with 0.06%, TimeSavr with 0.06% and Childwatch Corp. with 0.05%.
The top opportunities in the daycare management software market segmented by type will arise in the cloud-based software segment, which will gain $2.39 billion of global annual sales by 2028. The top opportunities in the daycare management software market segmented by solution will arise in the nutrition management segment, which will gain $1.27 billion of global annual sales by 2028. The top opportunities in the daycare management software market segmented by application will arise in the daycare centers segment, which will gain $1.9 billion of global annual sales by 2028. The daycare management software market size will gain the most in the USA at $1.09 billion.
Market-trend-based strategies for the daycare management software market include introduction of innovative products to offer extensive support for childcare centers, launch of mobile applications to track children's cognitive development, development of AI assistants to help families manage childcare tasks, strategic acquisitions to expand product range and focus on new investments for providing better maternity and child care services.
Player-adopted strategies in the daycare management software market include focus on improving portfolio through investments to support both providers and families and establishing as the preferred operating system of the early education industry, focus on improving portfolio through product launches to offer extensive support for childcare centers to address the evolving needs of the childcare industry, expanding business capabilities through investments to boost mission to transform parent-teacher collaboration in early childhood education and focus on improving portfolio through mergers and acquisitions for expanding market presence and enhancing product offerings in the competitive childcare software market.
To take advantage of the opportunities, the analyst recommends nuclear decommissioning services companies to focus on innovative dismantling techniques, focus on technological advancements for competitive edge, focus on leveraging digitalization and robotics, focus on pressurized water reactor (PWR) segment, expand in emerging markets, continue to focus on developed markets, focus on strategic partnerships, provide competitively priced offerings, focus on digital marketing channels, focus on diversifying promotional channels and focus on effectively targeting end-users.
Markets Covered:
1) by Type: Pressurized Water Reactor (PWR); Boiling Water Reactor (BWR); Pressurized Heavy Water Reactor (PHWR); Other Types
2) by Application: Immediate Dismantling; Deferred Dismantling; Entombment
3) by Capacity: Up to 800 MW; 800 MW - 1000 MW; Above 1000 MW
Key Companies Mentioned: Ansaldo Nuclear Ltd.; AECOM; Studsvik AB; Westinghouse Electric Company LLC; Bechtel Corporation
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; nuclear decommissioning services indicators comparison.
Data Segmentation: Country and regional historic and forecast data; market share of competitors; market segments.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 290 |
| Forecast Period | 2021-2031 |
| Estimated Market Value (USD) in 2021 | $6.85 Billion |
| Forecasted Market Value (USD) by 2031 | $15.98 Billion |
| Compound Annual Growth Rate | 8.8% |
| Regions Covered | Global |
A selection of other major companies mentioned in this report includes, but is not limited to:
- Fluor Corporation
- Orano SA
- Babcock International Group PLC
- NUVIA Group
- Manafort Brothers Inc.
- Enercon Services Inc
- KDC Contractors Limited
- Sogin S.p.A.
- China Nuclear Power Operation and Management Company
- Daya Bay Nuclear Power Operations and Management Company
- Jiangsu Nuclear Company
- Liaoning Hongyanhe Nuclear Company
- RELSAFE PRA Consulting Private Limited
- Shandong Shidao Bay Nuclear Power Co. Ltd
- James Fisher Nuclear Holdings Limited (JFN)
- Create Technologies Ltd
- Galson Sciences Ltd
- Synthos Green Energy
- NUKEM Technologies GmbH
- SOM
- EnergySolutions
- NorthStar Group Services, Inc
- Orano USA
- BWX Technologies Inc
- Entergy Corporation
- SNC-Lavalin Group Inc
- Canadian Nuclear Laboratories (CNL)
- AMEC Foster Wheeler
- Golder Associates
- Tecnatom
- Grupo Enusa Industrias Avanzadas
- AtkinsRealis
- Tractebel
- Huntington Ingalls Industries Inc
- TriArtisan Capital Advisors
- Jacobs Solutions Inc
- Iberdrola Ingenieria y Construccio
- Industrias Nucleares do Brasil
- ELETRONUCLEAR
- Equipamentos Nucleares SA
- Nucleoelectrica Argentina SA
- INVAP
- Comision Chilena de Energia Nuclear (CCHEN)
- GDES
- Comision Reguladora de Energia Nuclear (CREN)
- Empresas Publicas de Medellin (EPM)
- Fortum
- Kinectrics
- ATS Industrial Automation
- Nawah Energy Company
- Holtec Decommissioning International
- Eskom
For more information about this report visit https://www.researchandmarkets.com/r/mo0gzf
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