Social Services Industry Overview

Child Care Market Definition

The child care market consists of the sales of child care services such as babysitting and learning services and related goods by entities (organizations, sole traders and partnerships) that provide care for infants or children either in the home of the child, in the home of the registered child caregiver or in a child care center. Child care is the care provided for infants and toddlers, preschoolers, and school-aged children by government or an organization while parents are at work or absent for other reasons. Establishments in this industry provide care services for preschool children, and for older children when they are not in school. Some of these establishments also offer pre-kindergarten education. This market includes both government sponsored and private child care services. This market also includes subsidies and direct benefit transfers by governments to child care providers.

Social Services Market Characteristics

The social services market consists of the revenues generated from services and related goods by entities (organizations, sole traders and partnerships) that provide benefits and facilities relating to food supplies, education, health care, disaster relief activities and housing services and are offered by private or government establishments to improve the living conditions and social well-being of under privileged children, disabled, elderly and the poor in a community.

Educational Services Market Characteristics

The educational services market consists of the revenues earned from educational services and related goods by entities (organizations, sole traders and partnerships) that provide instruction and training in a wide variety of subjects. The instruction and training is provided by specialized establishments, such as schools, colleges, universities, and training centers.

Social Assistance Market Characteristics

The social assistance market consists of the revenues from social assistance services by entities (organizations, sole traders and partnerships) that provide social assistance services such as child day care services, community food housing and relief services, vocational rehabilitation services and individual and family services. These services do not include residential or accommodation services, except on a short-day basis.

Colleges, Universities, And Professional Schools Market Characteristics

The colleges, universities, and professional schools market consists of the revenues of colleges, universities, and professional schools services and related goods by entities (organizations, sole traders and partnerships) that provide academic courses and grant degrees at baccalaureate or graduate levels. The entities include colleges, theological seminaries offering baccalaureate or graduate degrees, military academies at college level, universities and professional schools (e.g., business administration, dental, law, medical).

Elementary And Secondary Schools Market Characteristics

The elementary and secondary schools market consists of the revenues of elementary and secondary school services and related goods by entities (organizations, sole traders and partnerships) that provide academic courses and associated course work to basic preparatory education i.e. kindergarten through 12th grade. The market covers school boards and school districts.

Community And Individual Services Characteristics

The community and individual services market consists of the revenues from community and individual services and related goods by entities (organizations, sole traders and partnerships) that provide non-residential social assistance to children and youth, the elderly, persons with disabilities, and all other individuals and families or collect, prepare, and deliver food for the needy; provide short-term emergency shelter, temporary residential shelter, transitional housing, volunteer construction or repair of low-cost housing, and/or repair of homes for individuals or families in need; or provide food, shelter, clothing, medical relief, resettlement, and counselling to victims of domestic or international disasters or conflicts (e.g., wars).

Other educational services include establishments providing academic or domain specific training. This industry includes junior colleges, business and secretarial schools, computer training, professional and management development training, cosmetology and barber schools, flight training, apprenticeship training, other technical and trade schools, fine arts schools, sports and recreation instruction, language schools, exam preparation and tutoring, automobile driving schools, all other miscellaneous schools and instruction, educational support services.

Other Educational Services Global Market Size

The global other educational services market was valued at $43 billion in 2017. Asia Pacific was the largest geographic region accounting for $17.8 billion or 41.4% of the global market. China was the largest country accounting for $8.9 billion or 20.6% of the global other educational services market.

Other Educational Services Global Market Trend

Organizing programs around career clusters is the upcoming trend in the other educational services market as most of the people are skewing towards similar jobs and lack skills required for other jobs. In this program, educators and experts from the industries and employers come together to design courses related to cluster of jobs that fall under the same industry. These courses are designed for secondary and postsecondary educators who provide vocational and adult education. These programs can assist students in building careers in industries of their interest, from entry level through management level.