Rising Awareness and Private Sector Traction to Drive Asia Pre-School and Childcare Industry: Ken Research
Rising Awareness and Private Sector Traction to Drive Asia Pre-School and Childcare Industry: Ken Research
The demand for the pre-primary education and childcare has increased steadily in the span of last five years (2008-2012) in various countries in the Asia Pacific region. This has been primarily because of the growing awareness amongst people about the importance of the early childhood education and care. Additionally, the increasing number of working mothers and growing trend of nuclear families has strengthened the demand for the childcare and preschool services amongst masses. Furthermore, growing private financial investments in education and childcare services sector has also resulted in the expansion of the pre-primary education and childcare facilities across various small and large cities in these countries. India pre-primary education and childcare market has grown at a CAGR of 16.5% during 2007-2012 from USD 897.4 million in 2007. China has experienced a similar increase in the revenues, which grew by 16.0% during 2006-2012, reaching USD 68,334.1 million in 2012. The increasing outlay of public expenditure in the pre-primary education and child care services has spread the market presence of these centers especially in regional and rural places in these countries. The rising disposable incomes and middle class population have also supported the growth of the pre-primary education and childcare services in this region. As the APAC region hosts the five most populous countries in the world, the opportunity of serving to the increasing population of the under six year olds is immense which is steadily being tapped by the rapidly increasing organized market players. Although the markets in various prominent countries of this region are still highly fragmented and unorganized, with the increasing enrollments and growing expansion of the private sector, the pre-primary education and childcare industry in Asia-Pacific will experience phenomenal growth in
The demand for the pre-primary education and childcare has increased steadily in the span of last five years (2008-2012) in various countries in the Asia Pacific region. This has been primarily because of the growing awareness amongst people about the importance of the early childhood education and care. Additionally, the increasing number of working mothers and growing trend of nuclear families has strengthened the demand for the childcare and preschool services amongst masses. Furthermore, growing private financial investments in education and childcare services sector has also resulted in the expansion of the pre-primary education and childcare facilities across various small and large cities in these countries. India pre-primary education and childcare market has grown at a CAGR of 16.5% during 2007-2012 from USD 897.4 million in 2007. China has experienced a similar increase in the revenues, which grew by 16.0% during 2006-2012, reaching USD 68,334.1 million in 2012. The increasing outlay of public expenditure in the pre-primary education and child care services has spread the market presence of these centers especially in regional and rural places in these countries. The rising disposable incomes and middle class population have also supported the growth of the pre-primary education and childcare services in this region. As the APAC region hosts the five most populous countries in the world, the opportunity of serving to the increasing population of the under six year olds is immense which is steadily being tapped by the rapidly increasing organized market players. Although the markets in various prominent countries of this region are still highly fragmented and unorganized, with the increasing enrollments and growing expansion of the private sector, the pre-primary education and childcare industry in Asia-Pacific will experience phenomenal growth in