Social Services Coverage

Social Services Market Definition And Segments

Social services refer to services 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. The main types of social services are educational services and social assistance. Social assistance services include child day care services, community food housing and relief services, vocational rehabilitation services, and individual and family services. The various operator types are the public and private operators. The different modes include online and offline. The social services market covered in this report is segmented – 1) By Type: Educational Services, Social Assistance 2) By Type of Operator: Public Operator, Private Operator 3) By Mode: Online, Offline Subsegments Covered: Other Educational Services, Colleges, Universities, And Professional Schools, Elementary And Secondary Schools, Child Day Care Services, Community And Individual Services The social services market size has grown strongly in recent years. It will grow from $5,164.52 billion in 2023 to $5,542.2 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to demographic changes, government policies, public awareness, nonprofit sector growth, crisis response. The social services market size is expected to see strong growth in the next few years. It will grow to $7,301.1 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to mental health awareness, community engagement, diversity, equity, and inclusion (DEI) initiatives, government funding shifts, integrated service models. Major trends in the forecast period include technology integration, digital transformation for outreach, data-driven decision-making, cross-sector collaboration, trauma-informed care.

Addressing Autism Spectrum Disorder (ASD) Through Increased Research And Services

Autism Spectrum Disorder (ASD) is a complex developmental disability. Symptoms of this disorder typically appear during early childhood and affect a person's ability to communicate and interact with others. The Center for Disease Control and Prevention (CDC) reported that 1 in 59 children are diagnosed with an autism spectrum disorder (ASD) in the US. Studies show that early diagnosis and intervention lead to significantly improved outcomes. To address this, many autism research organizations are expected to invest more time and money in the betterment of this condition. Training social service employees for autism child care counselors, the number of therapists, and psychologists will increase and they are expected to serve more individuals and eventually generate more revenues.

Growing Emphasis On Mental Health Awareness Boosts The Social Services Market

Increasing mental health awareness is expected to propel the growth of the social services market going forward. Mental health awareness refers to the ongoing effort to reduce the stigma around mental illness and mental health conditions by sharing personal experiences and increasing understanding of mental health and mental fitness. Social services, such as clinical social workers, provide mental health services to individuals and families. These services work to raise awareness of mental health issues and promote understanding and compassion for those experiencing mental health challenges. For instance, in May 2023, according to a survey conducted by the British Association for Counselling and Psychotherapy (BACP), a UK-based professional body for counsellors and psychotherapists, 34% of UK residents had consulted a counsellor or therapist for assistance. Therefore, increasing mental health awareness is driving the growth of the social services market. Major companies operating in the social services market report are Lutheran Social Services of America, Catholic Charities USA, United Nations Children's Fund, Rehabilitation Services Administration (RSA), United Way Worldwide, American Red Cross, Médecins Sans Frontières, Bright Horizons Family Solutions, KinderCare Education, World Vision International, Goodstart Early Learning, Save the Children, Food For the Poor Inc., illuminate VR Services Ltd., The Salvation Army, Habitat for Humanity International, Easterseals Arc, Naborforce Inc., Vocational Rehabilitation and Employment (VR&E), Vocational Rehabilitation Association (VRA), RISE Inc., Vocational rehabilitation of the handicapped person, Georgia Vocational Rehabilitation Agency, New York State Education Department, Adult Career and Continuing Education Services, Easterseals Oregon, Sanctuary Housing, CARE International, Doctors Without Borders, Oxfam International, The Village Family Service Center

COVID-19 Impact On Social Services Market

The outbreak of COVID-19 disease (COVID-19) has acted as a restraint on the social services market in 2020 as governments globally imposed lockdowns that restricted the gathering of people in public places such as schools, colleges, child care, and community centers. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and spread globally including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity with countries entering a state of 'lock down' and the outbreak is expected to continue to hurt businesses throughout 2020 and into 2021. However, some of the social services markets remained relatively unaffected as the outbreak did not impact their operations. It is expected that the social services market will recover from the shock across the forecast period as it is a 'black swan event and not related to ongoing or fundamental weaknesses in the market or the global economy.

Technological Innovations In Child Daycare

Child daycare centers are leveraging technologies to facilitate parents to stay connected with their children. Many daycare centers are using apps to provide video streaming of classroom activities and send pictures of kids to parents. This technology enables parents to monitor their child at the care center by accessing videos and pictures of kids at child daycare centers. For instance, in Canada, Trust Child Care Centers partnered with Parent Care Network to provide video over the internet to parents to help them monitor child activities at the daycare center. Bloomz, Eleyo, OnCare, myKidzDay, and KidCheck are some of the companies providing child care software, applications, and technologies utilized by care service providers.

Government Initiatives Worldwide Drive Social Service Schemes For Improved Welfare

Various governments across the globe are focused on introducing social service schemes for the betterment of people's lives. Social service schemes are government programs that provide assistance to individuals and families in need. These programs are designed to provide a minimum level of income support to individuals and households living in poverty. For instance, in October 2022, the Government of New Zealand launched the Social Sector Commissioning Action Plan 2022-2028, marking a significant and exciting shift in the way social services deliver support for people, whanau, and communities in Aotearoa New Zealand, reflecting a significant shift in how social services in Aotearoa New Zealand support individuals, families, and communities. The social sector will change as a result of our activity on all fronts. This change will make it so that those in need know where to turn for help and that the support offered is community-led. The delivery of social services will be significantly improved as a result of their experience. Western Europe was the largest region in the social services market in 2023. Asia-Pacific was the second-largest region in the social services market. The regions covered in the social services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the social services market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa. The social services market includes revenues earned by providing instruction and training in a wide variety of subjects, child day care services, community food housing and relief services, vocational rehabilitation services and individual and family services. These establishments may be privately owned and operated for profit or not for profit, or they may be publicly owned and operated. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The social services market research report is one of a series of new reports from The Business Research Company that provides social services market statistics, including social services industry global market size, regional shares, competitors with a social services market share, detailed social services market segments, market trends and opportunities, and any further data you may need to thrive in the social services industry. This social services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Educational Services Market Definition And Segments

Educational services are any activity partly or entirely for education, including teaching and learning, research activities, apprenticeship training, and training workshops. The main types of educational services are other educational services, colleges, universities, and professional schools, elementary and secondary schools. A university is a higher (or tertiary) education and research institution that grants academic degrees in a variety of academic disciplines. The different expenditure types of educational services include public and private that are offered through online and offline modes. The educational services market covered in this report is segmented – 1) By Type: Other Educational Services, Colleges, Universities, And Professional Schools, Elementary And Secondary Schools 2) By Type of Expenditure: Public, Private 3) By Mode: Online, Offline Subsegments Covered: Fine Arts Schools, Sports And Recreation Instruction, Language Schools, Exam Preparation And Tutoring, All Other Miscellaneous Schools And Instruction, Educational Support Services, Junior Colleges, Higher Education Colleges And Universities, Business and Secretarial Schools, Computer Training, Professional and Management Development Training, Technical and Trade Schools, Primary School, Middle School, Secondary School The educational services market size has grown strongly in recent years. It will grow from $3438.78 billion in 2023 to $3707.96 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to population growth, government funding, globalization, demographic trends, economic conditions, education policies. The educational services market size is expected to see strong growth in the next few years. It will grow to $4980.51 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to online and remote learning, personalized learning, workforce skills gap, lifelong learning, and global collaborations. Major trends in the forecast period include microlearning and bite-sized content, corporate training and upskilling, AI and personalized learning paths, collaboration with industry and employers, alternative credentials and digital badges.

Rising Higher Education Enrollments Drive Educational Services Market Growth

The growing number of higher education enrollments is expected to propel the growth of the educational services market going forward. Higher education enrollment refers to the process of signing up for and attending a college or university program. It is the act of registering for specific classes or co-curricular activities at a particular school. For instance, in January 2022, according to the Higher Education Statistics Agency (HESA), a UK-based official agency that collects and publishes data about higher education in the country, 2,751,865 students were enrolled in higher education overall in 2020–21, an increase of 9% from 2019–20. While the number of first-year degree applicants increased by 8%, the number of first-year postgraduate students increased by 16%. First-year enrollment increased by 4% for non-UK students and by 13% for students from the UK. First-year enrollment from India increased by 27%. Therefore, the growing number of higher education enrollments is driving the growth of the educational services market.

The Effectiveness Of The Flipped Classroom Model

Flipped classroom model of teaching is enhancing the students learning experience by creating an interactive atmosphere in classrooms. In a flipped classroom, students view lecture materials or video lectures as homework before coming to class. In-class time, interactive discussions, and collaborative works are performed under the guidance of a teacher. Flipped classroom gives students the flexibility to consume the lecture material at their own pace and come prepared to ask specific questions in class. For instance, according to the Flipped Learning Network, 71% of teachers who flipped their classes noticed improved grades, and 80% reported improved student behavior as a result, thus indicating the effectiveness of flipped classroom teaching model. Some of the educational service providers using flipped classrooms to teach students include the University of California, Clemson University, Boston University, Harvard University, University of Michigan, and Texila American University. Major companies operating in the educational services market report are University of Michigan, Columbia University, Harvard University, Massachusetts Institute of Technology, Yale University, TAL Education Group, New Oriental Education & Technology Group Inc., National American University Holdings Inc., Bright Horizons Family Solutions Inc., K12 Inc., Stride Inc., Laureate Education Inc., 2U Inc., Grand Canyon Education Inc., Chegg Inc., American Public Education Inc., Universal Technical Institute Inc., Universal Technical Institute Inc., Mulpha International Bhd, Adtalem Global Education Inc., The Texas A&M University System, University of California System, University of Pennsylvania, Stanford University, Cornell University, Cambium Learning Group Inc., Career Education Corporation, Capella Education Company, Lincoln Educational Services Corporation, American Education Center Inc., Bridgepoint Education Inc., Education Management Corporation

The Implementation Of Gamification In Educational Services

Educational services are using gamification techniques to enhance the students learning experience. Gamification is the concept of applying game-design thinking to different classroom tasks to make them more fun and engaging. Gamification is creating a holistic learning atmosphere in educational services that boosts the engagement, motivation, and essential skills of students. For instance, according to a survey conducted by WeAreTeachers, 55% of teachers are using digital online games as part of their teaching, and 63% agree that students want to practice difficult skills when presented in a game-like format. Hornsby Middle School implemented gamification techniques to engage the students in comprehensive learning.

Education Technology Platforms Drive Innovation In Educational Services Market

Major companies operating in the educational services market are focused on introducing technology platforms, such as education technology platforms to sustain their position in the market. Education technology platforms, or EdTech, are technology-based tools and resources designed to enhance teaching and learning experiences. These platforms are used to facilitate and enhance learning by integrating technology into the educational sector. For instance, in July 2021, Athena Global Technologies, an India-based information technology company specializing in software development services, launched Tutoroot, an educational technology platform and training services for K–12 students, and offered a free certificate program on virtual teaching for teachers. Tutoroot Technologies has developed an in-house ‘LEARN’ personalized platform that provides access to live interactive classes, adaptive assessments, live simulations, subject demo videos, and courseware for students preparing for various competitive exams. Asia-Pacific was the largest region in the educational services market in 2023. Western Europe was the second-largest region in the educational services market. The regions covered in the educational services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the educational services market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa. The educational services market consists of revenues earned by entities by providing training in a wide variety of subjects. Educational services entities include establishments providing academic or technical instructions such as schools, colleges, universities, and training centers. Revenues earned by educational services entities include fees charged by them for teaching, tutoring and training services. These establishments may be privately owned and operated for profit or not for profit, or they may be publicly owned and operated. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The educational services market research report is one of a series of new reports from The Business Research Company that provides educational services market statistics, including educational services industry global market size, regional shares, competitors with an educational services market share, detailed educational services market segments, market trends and opportunities, and any further data you may need to thrive in the educational services industry. This educational services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Elementary And Secondary Schools Market Definition And Segments

An elementary school is an educational institution that provides the first eight years of children’s primary preparatory formal education, generally from 1st to 8th grade. Secondary schools refer to educational institutions that provide academic courses after the completion of elementary school, generally from 8th grade to 12th grade. The main types of elementary and secondary schools are primary school, middle school, and secondary school. A primary school is a place where children receive their first stage of academic learning, also known as elementary or primary education. The various expenditure type includes public and private. The different types of ownership include government, local bodies, and others and involve various fee structures such as low-income, medium-income, and high-income. The elementary and secondary schools market covered in this report is segmented – 1) By Type: Primary School, Middle School, Secondary School 2) By Type of Expenditure: Public, Private 3) By Ownership: Government, Local Body, Other Ownerships 4) By Fee Structure: Low-Income, Medium-Income, High-Income The elementary and secondary schools market size has grown strongly in recent years. It will grow from $1620.94 billion in 2023 to $1769.82 billion in 2024 at a compound annual growth rate (CAGR) of 9.2%. The growth in the historic period can be attributed to population growth, government funding, education policies, parental involvement, community development. The elementary and secondary schools market size is expected to see strong growth in the next few years. It will grow to $2483.77 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to inclusive education practices, infrastructure upgrades, global competency emphasis, public-private partnerships, teacher professional development. Major trends in the forecast period include education technology innovation, digital learning platforms, technological integration, personalized learning approaches, focus on steam education.

Rising Education Investment Fueling Growth In Elementary And Secondary Schools Market

An increase in spending on education is expected to propel the growth of the elementary and secondary schools market. Spending on education refers to the expenses of the various activities of schools. The higher spending also leads to higher revenues for the schools. For Instance, according to the 2022 report, Annual Survey of School System Finances by the U.S. Census Bureau, an agency of the government of the US aimed to collect accurate information about the country's population and economy, total revenue for public school systems increased to $584.9 billion in FY 2020, from $572.5 billion in FY 2019. Total expenditure by these reporting areas grew to $586.4 billion in FY 2020, an increase from $571.8 billion in FY 2019. Therefore, the increase in spending on education is driving the growth of the elementary and secondary schools market going forward.

Rising Demand For Educational Services

The increasing demand for educational services is expected to propel the growth of the elementary and secondary school market going forward. Educational services refer to a wide range of services related to education and training. Some public or private establishments offer educational services to students or other persons to train or provide instruction-based learning on any subject. These facilities offer educational services, such as primary, elementary, secondary, and universities. Therefore, the increasing demand for educational services is driving the growth of the secondary school market. For instance, in October 2021, according to the U.S. Census Bureau, a US-based principal government agency of the U.S. Federal Statistical System, the total US elementary and secondary school revenue was $584.9 billion in FY 2020, up 2.2% from $572.5 billion. The increasing revenue will impact the demand for educational services, thus driving the secondary school market. Major companies operating in the elementary and secondary schools market report are Apple Inc., The home depot lnc., Robert Bosch GmbH, Panasonic Corporation, Best Buy Co. Inc., Midea Group, Candy Group, Haier Group Corporation, Avnet Inc., MediaMarktSaturn Retail Group, Economy AG, Toshiba Corporation, Whirlpool Corporation, Koninklijke Philips N.V., GOME Retail Holdings Limited, Fnac Darty SA, Office Depot lnc., Dixons Carphone PLC, Gamestop Corp., Bic Camera Inc., RadioShack Corporation, GE Appliance, Fry's Electronics lnc., Hhgregg Inc., P.C. Richard & Son, Micro Electronics Inc., iRobot Corporation, Aqua Corporation, BrandsMart USA Superstore LLC, Nebraska Furniture Mart Inc., Abt Electronics lnc., RC Willey Home Furnishings lnc., Conn's HomePlus lnc., Electronic Express lnc.

Enhancing Student Learning With The Flipped Classroom Teaching Model

Flipped classroom model of teaching is enhancing the students learning experience by creating an interactive atmosphere in classrooms. In a flipped classroom, students view lecture materials or video lectures as homework before coming to class. In-class time, interactive discussions, and collaborative works are performed under the guidance of the teacher. Flipped classroom gives students the flexibility to consume the lecture material at their own pace and come prepared to ask specific questions in class. According to the Flipped Learning Network, 71% of teachers who flipped their classes noticed improved grades, and 80% reported improved student behavior as a result., thus indicating the effectiveness of flipped classroom teaching model.

Innovating Training Programs To Train Student And Instructor

Major companies operating in elementary and secondary schools are innovating smart artificial intelligence training programs, to enhance their market position. Artificial Intelligence (AI) training programs are courses and certifications that teach the fundamentals and applications of AI and machine learning (ML). For instance, in May 2023, Flatiron School, a US-based educational organization, launched artificial intelligence training programs. Artificial intelligence (AI) training programs aim to provide workforces with the knowledge and skills needed to harness strong, developing AI capabilities. The programs are completely instructor-led and include subjects such as machine learning, natural language processing (NLP), and data science. Asia-Pacific was the largest region in the elementary and secondary schools market in 2023. Western Europe was the second-largest region in the elementary and secondary schools market. The regions covered in the elementary and secondary schools market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the elementary and secondary schools market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa. The elementary and secondary schools market consists of revenues earned by entities that provides basic technical courses to school students prior to bachelorette education. The elementary and secondary schools includes establishments such as boarding schools, kindergartens, military academies, finishing schools, vocational high schools. The market covers school boards and school districts. These establishments may be privately owned and operated for profit or not for profit, or they may be publicly owned and operated. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The elementary and secondary schools market research report is one of a series of new reports from The Business Research Company that provides elementary and secondary schools market statistics, including elementary and secondary schools industry global market size, regional shares, competitors with elementary and secondary schools market share, detailed elementary and secondary schools market segments, market trends and opportunities, and any further data you may need to thrive in the elementary and secondary schools industry. This elementary and secondary schools market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Child Day Care Services Market Definition And Segments

Child day care services refer to services provided for infants and toddlers, preschoolers, and school-aged children by the government or an organization while parents are at work or absent for other reasons. They provide care for infants or children either in the home of the child, in the home of the registered child caregiver or a child care center. The main types of child day care services are baby and child day care centers, pre-kindergarten and preschool centers, and nursery schools. Nursery schools maintain nurseries and pre-schools that typically serve children aged 3 to 5, providing early education in the years preceding their entry into primary school. The services are located in Center-Based and Home-Based locations. The different expenditure type includes public and private that are availed by children under the age group of less than 1 year, 1-2 years, 2-4 years, 4-6 years, and above 6 years. The child day care services market covered in this report is segmented – 1) By Type: Baby And Child Day Care Centers, Pre-Kindergarten And Preschool Centers, Nursery Schools 2) By Type of Location: Center-Based, Home-Based 3) By Type of Expenditure: Public, Private 4) By Age Group: Less Than 1 Year, 1-2 Years, 2-4 Years, 4-6 Years, Above 6 Years The child day care services market size has grown strongly in recent years. It will grow from $310.3 billion in 2023 to $332.51 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to female labor force participation, changing family structures, government subsidies and programs, educational emphasis, urbanization. The child day care services market size is expected to see strong growth in the next few years. It will grow to $434.69 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to remote work policies, flexible scheduling options, quality accreditation, crisis preparedness, inclusive child care, public-private partnerships. Major trends in the forecast period include technological integration, emphasis on early childhood education, health and safety protocols, diversity and inclusion initiatives, green and sustainable practices.

Increase In The Women’s Employment Rate Boosts Child Day Care Services

An expected increase in the women’s employment rate in the forecast period is estimated to drive the market for child care. For instance, the share of women in the labor force in the USA is expected to increase to 47.2% in 2024, driving the demand for on-site childcare facilities at corporates. The rise of the on-site child care market is also highly supported by government initiatives to encourage women to work, which will directly contribute to the growth of the child care market in the forecast period.

Growing Preference For Organized Daycare Settings

Growing preference for organized daycare settings is expected to propel the growth of the child day care services going forward. Organized day care settings refers to organized facilities or environments that deliver child care and supervision services within designated time frames. This support enables children from lower-income families to access quality child care. For instance, in July 2023, according to The Office of the Federal Register, a US based regulatory board, proposed to amend the Child Care and Development Fund (CCDF) regulations. The proposed rule, known as the Notice of Proposed Rulemaking (NPRM), suggests alterations aimed at reducing the financial burden on families related to child care expenses. High child care costs can pose a substantial financial challenge for families and may discourage participation in work, training, or education programs. The proposed changes also aim to enhance payment rates and procedures for child care providers, thereby expanding the range of child care options available to parents. Major companies operating in the child day care services market report are KinderCare Education LLC, Learning Care Group, The Learning Care Group Inc., Bright Horizons Family Solutions Ltd., G8 Education Limited, Cadence Education LLC, Primrose School Franchising Company, La Petite Academy Inc., The Learning Experience, Kiddie Academy Domestic Franchising LLC, JP Holdings Company Inc., Children of America LLC, Goddard Systems Inc., Children's Lighthouse Learning Centers, Goodstart Early Learning Ltd., BrightPath Kids Corp., KU Children’s Services, Little Einsteins, Kids 'R' Kids International Inc., Children's Courtyard Inc., Busy Bees Daycare LLC, KidsPark Inc., Discovery Point Franchising Inc., Children's Campus Inc., The Goddard School Franchise, Tutor Time Child Care/Learning Centers, Children's Garden Learning Centers, Childtime Learning Centers, PLASP Child Care Services, Rainbow Child Care Center Inc.

Impact Of COVID-19 On The Child Day Care Services Market

The outbreak of COVID-19 disease (COVID-19) has acted as a restraint on the child day care services market in 2020 as governments globally imposed lockdowns that restricted the gathering of people in public places such as schools, colleges, child care, and community centers. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and spread globally including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity with countries entering a state of 'lock down' and the outbreak had a negative impact on businesses throughout 2020 and into 2021. However, some of the social services markets remained relatively unaffected as the outbreak did not impact their operations. It is expected that the child day care services market will recover from the shock across the forecast period as it is a 'black swan event and not related to ongoing or fundamental weaknesses in the market or the global economy

Enhancing Parent-Child Daycare Center Connectivity Through Technology

Child daycare centers are leveraging technologies to facilitate parents to stay connected with their children. Many daycare centers are using apps to provide video streaming of classroom activities and send pictures of kids to parents. This technology enables parents to monitor their child at the care center by accessing videos and pictures of kids at child daycare centers. For instance, in Canada, Trust Child Care Centers partnered with Parent Care Network to provide video over the internet to parents to help them monitor child activities at the daycare center. Bloomz, Eleyo, OnCare, myKidzDay, and KidCheck are some of the companies providing child care software, applications, and technologies utilized by care service providers.

Growing Innovation In Child Care Settings

Major companies operating in the child care services are introducing new innovations such as Child Care Technology to gain a competitive edge in the market. Child care technologies encompass digital solutions designed specifically for childcare centers to address challenges, achieve business and educational objectives, and facilitate their daily operational tasks. Parents are increasingly preferring organized daycare settings for their children, as these settings offer better learning tools and a structured environment. This preference for quality child care services contributes to the growth of the market. For instance, in April 2021, Procare Solutions, a US-based child care management software provider, launched Child Care Technology platform. The Child Care Technology offers solutions such as digital attendance tracking, tuition collection and payment, staff-to-child ratio management, and parent engagement. Asia-Pacific was the largest region in the child day care services market in 2023. Western Europe was the second-largest region in the child day care services market. The regions covered in the child day care services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the child day care services market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa. The child care services market includes revenues earned by entities by providing services such as traditional daycare center, in-home daycare, nanny, shared nanny, au pair, babysitter, and relative care. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The child care services market research report is one of a series of new reports from The Business Research Company that provides child care services market statistics, including child care services industry global market size, regional shares, competitors with a child care services market share, detailed child care services market segments, market trends and opportunities, and any further data you may need to thrive in the child care services industry. This child care services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Online Tutoring Market Definition And Segments

Online tutoring is the tutoring process in a digital, interactive, or connected environment wherein teachers and students are in different geographical locations. Online tutoring services can also help students who need instant homework help. Online tutoring offers a unique and individualized learning experience. The main types of online tutoring are STEM courses, language courses, and other courses. STEM courses cover the four major disciplines of Science, Technology, Engineering, and Mathematics. The services are used by K-12, college students, in-service education, and others that are sold through various sales channels including private coaching, international organizations and associations, educational institutes, and others. The online tutoring market covered in this report is segmented – 1) By Type: STEM Courses, Language Courses, Other Courses 2) By Application: K-12, College Students, In-Service Education, Other Applications 3) By Sales Channel Types: Private Coaching, International Organizations And Associations, Educational Institutes, Other Channels The online tutoring market size has grown rapidly in recent years. It will grow from $9.68 billion in 2023 to $11.15 billion in 2024 at a compound annual growth rate (CAGR) of 15.2%. The growth in the historic period can be attributed to globalization of education, increased academic competition, busy lifestyles and time constraints, customized learning paths, access to specialized expertise. The online tutoring market size is expected to see rapid growth in the next few years. It will grow to $20.07 billion in 2028 at a compound annual growth rate (CAGR) of 15.8%. The growth in the forecast period can be attributed to continued emphasis on academic excellence, remote learning and hybrid education models, rise in homeschooling practices, global skill development initiatives, adaptation to individual learning styles. Major trends in the forecast period include data-driven personalization, emergence of ai-powered tutors, flexible scheduling and accessibility, parental involvement features, integration with e-learning platforms.

E-Learning Surge How COVID-19 Transformed Education And Fueled The Online Tutoring Market

The increasing demand for e-learning due to the impact of COVID-19 is driving the growth of the online tutoring market. COVID-19 has resulted in the closure of schools around the world. As a result, education has changed dramatically, with a marked rise in e-learning and online tutoring taking place remotely and through online platforms. For example, Byju's, an India-based educational technology and online tutoring company, announced free live classes on its Think and Learn app and saw an increase in the number of new students using its product by 200%. Therefore, the increasing demand for e-learning is expected to drive the growth of the online tutoring market.

Educational Evolution Surging Demand For Online Tutoring Shapes The Market's Growth

The growing demand for education is expected to propel the growth of the online tutoring market in the coming years. Education is a lifelong process of acquiring information, skills, and values through various means, such as attending school, training, and self-learning. Online tutoring is crucial in education because it provides students with individualized, accessible, and convenient assistance in achieving their academic goals. For instance, in September 2023, according to the Australian Institute of Health and Welfare, an Australia-based governmental entity, in Australia, the proportion of adults having a secondary education or more has climbed to 85% in 2021 from 59% compared to the last two decades. Therefore, the growing demand for education is driving the online tutoring market. Major companies operating in the online tutoring market report are Beijing Magic Ears Technology Co. Ltd., Pearson PLC, New Oriental Education & Technology Group Inc., China Distance Education Holdings Ltd., TAL Education Group, Think and Learn Pvt. Ltd., Chegg Inc., Wyzant Inc., Varsity Tutors LLC, Club Z Inc., Skillshare Inc., GradeStack Learning Pvt. Ltd., Simplilearn Solutions Pvt. Ltd., Cambly Inc., Teachable Inc., Preply Inc., Ambow Education Holding Ltd., Khan Academy Inc., iTutorGroup Inc., Tutor Eye Inc., ArborBridge Inc., Vedantu Innovations Pvt. Ltd., TutStu Education, Thought Co., Fleet Education Services Ltd., Structured Tutoring, On-demand Tutoring, Qkids Teacher, TutorMe LLC., Tabtor Math Inc.

Digital Divide Hindrance Lack Of Connectivity Impacts The Growth Of The Online Tutoring Market

The lack of connectivity in third-world countries and some emerging economies is expected to negatively impact the growth of the market. Connectivity issues within developing countries and communities with low income are expected to impact broadband connectivity, hence negatively impacting the growth of the market. For instance, in September 2022, according to the International Telecommunication Union, a Switzerland-based UN organization in charge of a variety of topics, particularly information and communication technology, in 2022, a projected 2.7 billion people, or roughly a third of the world's population, were disconnected to the Internet. Therefore, the lack of connectivity in third-world countries and some emerging economies is expected to limit the growth of the online tutoring market.

Elevating Learning Experiences Online Tutoring Companies Embrace Gamification Trends For Enhanced User Engagement

Companies in the online tutoring market are increasingly investing in trends such as gamification for better user engagement. Gamification in e-learning and online tutoring is expected to inspire a game-like reaction and engagement among learners. This results in improved information retention, motivation, and increased productivity. For instance, in September 2022, Tutor.com, a US-based online tutoring company launched Learner Engagements Online (LEO), an institutional tutoring platform designed to consolidate 24/7 academic assistance for students, as well as tools for scheduling and actionable statistics for institutions. Other online tutoring companies such as Class Dojo and rainscape have also invested in gamification.

Enhancing Educational Access Strategic Collaborations In The Online Tutoring Market

Major companies operating in the online tutoring market are focusing on strategic collaborations to better meet the needs of their existing consumers. Strategic collaborations, or partnerships, are agreements between two or more separate companies to work together to achieve a set of mutually agreed-upon goals. For instance, in September 2022, Tutor.com, a US-based online tutoring company, announced a partnership with the school Town of Munster to give free 24/7 limitless online tutoring to every 6–12 standard students in the district. Through the collaboration, 2,600 students will have on-demand access to one-on-one professional coaching, test prep, concept review, and homework assistance in 180 topics, including several in Spanish. The district, which was already a partner of Tutor.com's associate firm, The Princeton Review, wanted to broaden the scope of academic help accessible to students.

Microsoft Expands Educational Offerings With Acquisition Of TakeLessons

In September 2021, Microsoft, a US-based technology company, acquired TakeLessons for an undisclosed amount. This acquisition will support the Microsoft infrastructure in mass-market online education, and other big platforms. TutorMe is a US-based prominent platform that helps students find tutors for a variety of subjects, such as music lessons, language learning, academic subjects, professional development, and hobbies, and tutors to arrange their lessons online and in person. Western Europe was the largest region in the online tutoring market in 2023. Asia-Pacific was the second-largest region in the global online tutoring market share. The regions covered in the online tutoring market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the online tutoring market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain The online tutoring market consists of revenues earned by entities by remediation, maintenance, support, test prep and enrichment. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The online tutoring market research report is one of a series of new reports from The Business Research Company that provides online tutoring market statistics, including online tutoring industry global market size, regional shares, competitors with an online tutoring market share, detailed online tutoring market segments, market trends and opportunities, and any further data you may need to thrive in the online tutoring industry. This online tutoring market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Child And Youth Services Market Definition And Segments

Child services refer to health, mental, social, and rehabilitative assistance services for children provided by public and private agencies. Youth services refer to health, mental, social, and rehabilitative assistance services offered by public and private agencies for children and youth. The main services types of child and youth services are foster and guardianship placement services, counseling and information services, social assistance services, children and youth recreational programs, private and state adoption services, and others. Social assistance organizations offer a wide range of services, such as assisting the homeless, counseling troubled individuals, training the unemployed or underemployed, and assisting families in obtaining financial assistance. The services are provided to various age groups including infants, children, adolescents, and youth. The different modes include online and offline. The child and youth services market covered in this report is segmented – 1) By Service: Foster And Guardianship Placement Services, Counseling And Information Services, Social Assistance Services, Children And Youth Recreational Programs, Private And State Adoption Services, Other Services 2) By Age Group: Infant, Child, Adolescent, Youth 3) By Mode: Online, Offline The child and youth services market size has grown strongly in recent years. It will grow from $147.49 billion in 2023 to $156.93 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to growth in campaigns for child advocacy, focus on youth empowerment, advancements in healthcare services, rise of community centers, policy changes in child protection. The child and youth services market size is expected to see strong growth in the next few years. It will grow to $199.12 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to growing advocacy for inclusive services, remote counseling services, innovations in healthcare, community-based services, advancements in child protection. Major trends in the forecast period include focus on resilience building, trauma-informed care, holistic development programs, diversity and inclusion initiatives, preventive mental health services.

Community Programs Boost Child And Youth Services Market

The benefits from community programs for children and youth contributed to the growth of the child and youth services market. According to youth.gov, young people surrounded by a variety of opportunities engage in less risky behavior in adulthood. A study was conducted that for the first five years where youth are involved in the 4-H youth development program, they showed a lower risk of having social, and personal behavioral problems four times more likely to contribute to the communities, and two times as likely to be civically active. These factors are expected to have a positive impact on the growth of the child and youth services market.

Rising Rates Of Single-Parent Households Are Anticipated To Fuel The Child And Youth Services Market

Rising rates of single-parent households are expected to propel the child and youth services market. Single-parent households refer to families where a child or children live with only one of their parents, either due to divorce, separation, death, or a parent choosing to have or adopt a child on their own. Child and Youth Services provide crucial support to single-parent households by offering affordable childcare, after-school programs, and resources, ensuring the parent can work while the child receives proper care and developmental opportunities. For instance, in June 2023, according to the Annie E. Casey Foundation, a US-based charitable organization, in 2021, the USA had 24 million single-parent families. Of these, 14.5 million children resided with only their mothers, while 3.5 million children lived solely with their fathers, and the remaining resided in cohabiting couple households. Therefore, the rising rates of single-parent households are driving the child and youth services market. Major companies operating in the child and youth services market report are Young Men's Christian Association, UNICEF (UnitedNationsChildrenFund), Save the Children, SOS Children's Village, World Vision International, Stepstone Family & Youth Services, Compassion International, Boys Town, Youth Advocate Programs Inc., Boys & Girls Clubs of America, Child Care Aware of America, Children's Hospital Foundation, Big Brothers Big Sisters of America, Children's Home Society of America, The Children's Guild, CARE International, Jumpstart for Young Children, Children's Defense Fund, Girls Inc., Children Aid And Family Services, United States Children's Bureau, Alliance for Children and Families, Prevent Child Abuse America, American Youth Policy Forum, International Foster Care Organization, International Society For Prevention of Child Abuse And Neglect (ISPCAN), Child Mind Institute, Child Welfare League of America, North East Independent Living Services, National Runaway Safeline, Children's Rights, National Black Child Development Institute

Limited Employment And Job Training Hinders Growth Of Child And Youth Services Market

The lack of employment and job training in foster care is expected to hinder the growth of the child and youth services market. According to Foster, a US-based non-profit organization, after aging out of foster care, homelessness and unemployment become a huge challenge for youth. Although there are more than 34 million entry-level jobs national wide in the US, many foster youths are not prepared for being independent and do not have the skills or resources needed for the opportunities. Access to technology is crucial for foster children to be competing with their peers. Foster youth do not receive the same resources and opportunities as their peers. For instance, only 5% of rural, and 21% of urban foster youth have access to a computer at home. Therefore, the lack of employment and job training facilities in foster care and some communities has a negative impact on the child and youth services market.

Leveraging Predictive Analytics For Enhanced Child And Youth Welfare In Communities

Predictive analytics is a technique increasingly used by communities for the welfare of children and youth. Predictive analytics in the context of child welfare is commonly about maltreatment risk levels. The approach works by quantifying the risk and can be used to target the services that are given to children, families, and communities that are most likely to have benefits. For instance, the Illinois Department of Children and Family Services used a predictive analysis model to understand the children who were at risk of placement in congregate care settings. The predictive analytics identified a set of predictors including behavioral and emotional problems of children. This helped the department to design and implement a therapeutic foster care intervention that could be an alternative to congregate care.

New Platform To Empowering Youth Opinion

Major players operating in the child and youth services market are launching new platforms such as U-Report to empower youth voices and facilitate positive change in global communities. U-Report is a real-time information exchange and data collection tool that aids decision-makers in forming strategies and policies aligned with genuine needs. For instance, in July 2021, UNICEF, a US-based agency responsible for providing humanitarian and developmental aid to children launched U-Report, a platform in City Park Skopje, to promote youth involvement and let them voice their opinions. With its presence in 85 countries and over 15 million users, U-Report helps in policy-making affecting the youth. Users can join it by the U-Report MK chatbot on Vibe.

Clifford Beers Acquires Farnam House To Expand Adolescent Services

In April 2021, Clifford Beers, a US-based children's mental health outpatient clinic acquired Farnam House for an undisclosed amount. Clifford Beers acquired Farnam House to bridge current programming and connect local adolescents to additional services. Farnam House is a community center that offers educational and recreational opportunities to young people in the area. Western Europe was the largest region in the child and youth services market in 2023. Asia-Pacific was the second-largest region in the global child and youth services market share. The regions covered in the child and youth services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the child and youth services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain The child and youth services market consists of revenues earned by entities that provide non-residential social assistance to children and youth. The child and youth services market includes establishments such as adoption agencies, youth centers, child guidance organizations, youth self-help organizations, foster care placement services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The child and youth services market research report is one of a series of new reports from The Business Research Company that provides child and youth services market statistics, including child and youth services industry global market size, regional shares, competitors with a child and youth services market share, detailed child and youth services market segments, market trends and opportunities, and any further data you may need to thrive in the child and youth services industry. This child and youth services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Community Housing Services Market Definition And Segments

Community housing refers to social housing provided by not-for-profit community organizations with the help of government grants to the homeless and needy. Community housing is owned by, or under the legal control of, a community housing organization. These organizations are generally, but not always, not-for-profit. The main service types of community housing services are temporary and emergency shelter services, permanent housing support services, transitional and assisted housing services, volunteer construction or repair services, and others. Permanent housing support services combine low-cost housing with best-practice services for individuals and families with disabilities and a history of homelessness. The different types of products include single-section homes and multi-section homes. The various end users of the services include victims of domestic violence, sexual assault or child abuse, homeless, runaway youths, parents and families caught in medical crises, low-income individuals and families, the and elderly, and the disabled. The community housing services market covered in this report is segmented – 1) By Product Type: Single Section Homes, Multi-Section Homes 2) By Service: Temporary And Emergency Shelter Services, Permanent Housing Support Services, Transitional And Assisted Housing Services, Volunteer Construction Or Repair Services, Other Services 3) By End-Users: Victims Of Domestic Violence, Sexual Assault Or Child Abuse, Homeless, Runaway Youths, Parents And Families Caught In Medical Crises, Low-Income Individuals And Families, Elderly Or Disabled The community housing services market size has grown steadily in recent years. It will grow from $91.95 billion in 2023 to $96.01 billion in 2024 at a compound annual growth rate (CAGR) of 4.4%. The growth in the historic period can be attributed to formation of nonprofit housing organizations, government housing initiatives, social housing policies, rise of cooperative housing, urban renewal projects. The community housing services market size is expected to see steady growth in the next few years. It will grow to $113.23 billion in 2028 at a compound annual growth rate (CAGR) of 4.2%. The growth in the forecast period can be attributed to resilience planning, holistic neighborhood development, expansion of support services, tailored solutions for special populations, community-centric design. Major trends in the forecast period include green and sustainable housing initiatives, innovative finance mechanisms, equitable urban development, housing as a health determinant, community land trusts.

The Effect Of Federal Funding On The Community Housing Services Market

The federal funding for social services is a major driver for the community housing services market. Funding from the government helps many homeless people get shelter. Many programs are run by different countries to assist homeless people. For instance, in the US, every year the Federal Government allocates funds to States/Territories to support social services for vulnerable children, adults, and families through the Social Services Block Grant (SSBG). In India, ‘Pradhan Mantri Gramin Awaas Yojana’ focuses on providing pucca houses with basic amenities to homeless families. The objective of this scheme is to build one crore of homes of 25 sqm by 2022. The government of India also launched the Shelter for Homeless program under the National Urban Livelihood Mission (NULM). Under this program, various types of shelters such as men’s shelters, women’s shelters, family shelters, and special shelters (for old age, mentally ill, and sick persons) are provided. The government of India will finance 75% of the expense for the development of these shelters and the other 25% will be the State commitment. The Indian government is also working on providing rental housing to urban poor belonging to scheduled castes, scheduled tribes and other backward classes, migrants, transgender, and senior citizens. Therefore, different types of federal funding will help drive the market for community housing services.

Crisis Response And Community Housing Services Market Growth

The increasing number of crises, such as natural disasters and pandemics, is expected to propel the growth of the community housing services market going forward. A crisis is a critical or crucial situation, often characterized by an unexpected, dangerous, or challenging event that demands immediate attention and decisive action to mitigate its negative consequences and restore stability or normalcy. Community housing services become essential during the escalation of crises like natural disasters and pandemics by providing temporary shelter, support, and resources to affected individuals, contributing to disaster resilience and public health response efforts. For instance, in 2021, according to the Emergency Event Database (EM-DAT), a Belgium-based database organization, recorded 432 disastrous events related to natural hazards worldwide. Overall, these accounted for 10,492 deaths, affected 101.8 million people, and caused approximately $252.1 billion in economic losses. Therefore, the increasing number of crises, such as natural disasters and pandemics, is driving the growth of the community housing services market. Major companies operating in the community housing services market report are Nestle Community Housing Services Ltd., Community Housing Ltd., CMS Info Systems Ltd., ResMan LLC, CAHEC Management Inc., Truist Insurance Holdings Inc., The Michaels Inc., Converged Services Inc., RealPage Inc., Yardi Systems Inc., The NRP Group LLC, Herman & Kittle Properties Inc., Community Housing Partners, Dominum Ycp Ltd., La Casa Inc., Housing Resources Inc., Knox Housing Partnership Inc., Watchtower Security Inc., LDG Development LLC, Kalamazoo Neighborhood Housing Services, The Pacific Companies, Housing & Neighborhood Development Services, Fair community housing services limited, Crossroads Villa Inc., Dantes Partners LLC, Choice Property Resources Inc., SRM Housing Services Private Limited, Rise Residential Construction, TrashPro LLC, Management Reports Incorporated, National Property Management Strategies Group LLC, Housing Development Finance Corporation Ltd., National Affordable Housing Management Association, New Hampshire Housing Finance Authority, Multifamily Loans, The Community Builders Inc.

Machine Learning Revolutionizes Community Housing Services With Real-Time Insights

Major companies operating in the community housing services market are focusing on product innovations such as Goldeni, which uses machine learning to generate real-time analytics related to housing. Machine learning refers to the use of artificial intelligence techniques, specifically machine learning algorithms, to analyze and process data related to community housing services in real-time. For instance, in October 2021, Morgan Sindall Property Services (MSPS), a UK-based housing services company, launched a new machine learning software platform called Goldeni, which is designed to provide social housing landlords and tenants with real-time, actionable insights to help them ensure their properties are healthy, legally compliant, and more energy efficient. The platform uses advanced machine learning to generate real-time analytics that enable social housing providers to monitor building performance.

Apollo Global Acquires United Living Group

In May 2023, Apollo Global Management's impact investing fund, Apollo Impact, an Italy-based financial service company, acquired United Living Group for approximately $370 million. With this acquisition, Apollo's fund has invested and made acquisition in a community housing provider with an exceptional reputation for quality, reliability, and impact on affordable housing residents and their broader communities. United Living Group is a UK-based provider of essential infrastructure, social housing maintenance, and construction services. Western Europe was the largest region in the community housing services market share in 2023. Asia-Pacific was the second-largest region in the global community housing services market. The regions covered in the community housing services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the community housing services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain Community housing services market consists of revenues earned by entities that provide short term shelter for victims of domestic violence, sexual assault or child abuse, temporary residential shelter for the homeless, runaway youths, and patients and families caught in medical crisis, and transitional housing for low-income individuals and families. The community housing market includes establishments such as shelter homes. Volunteer housing repair organizations that provide low-cost housing in partnership with the homeowner, who assists in construction or repair of a home, and that repair homes for elderly or disabled homeowners, are also included in this market. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The community housing services market research report is one of a series of new reports from The Business Research Company that provides community housing services market statistics, including community housing services industry global market size, regional shares, competitors with a community housing services market share, detailed community housing services market segments, market trends and opportunities, and any further data you may need to thrive in the community housing services industry. This community housing services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Exam Preparation And Tutoring Market Definition And Segments

Exam preparation and tutoring refer to the act of teaching or instructing to improve the performance of a student by following a standardized set of instruction. These are used to build critical thinking abilities, increase confidence, and improve subject comprehension. Tutoring gives students one-on-one attention and a personalized learning experience. The main types of tutoring included in exam preparation and tutoring are structured tutoring and on-demand tutoring. Structured tutoring refers to a teaching approach in which a tutor provides a learner with organized and systematic instruction in a specific subject or skill. The styles of tutoring includes test preparation services and subject tutoring services. Several types of course duration services are included, such as test preparation service and subject tutoring service, which are used by several end-users, such as K-12, higher education, and corporate or professional training. The exam preparation and tutoring market covered in this report is segmented – 1) By Tutoring Type: Structured Tutoring, On-demand Tutoring 2) By Tutoring Style: Test Preparation Service, Subject Tutoring Service 3) By Course Duration: Test Preparation Service, Subject Tutoring Service 4) By End-User: K-12 (Schools), Higher Education (College Or Universities), Corporate Or Professional Training The exam preparation and tutoring market size has grown strongly in recent years. It will grow from $70.15 billion in 2023 to $74.19 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to education system trends, high-stakes examinations, parental aspirations and involvement, competitive college admissions, globalization and language proficiency. The exam preparation and tutoring market size is expected to see strong growth in the next few years. It will grow to $93.49 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to remote and online learning trends, emphasis on skill-based education, changing testing formats, government initiatives and educational policies, rise of lifelong learning. Major trends in the forecast period include adaptive learning technologies, technological advancements in education, personalized learning platforms, gamification of learning, collaborative learning platforms.

Surging Demand For Distance-Learning Courses Fuels Exam Preparation And Tutoring Market

The increasing demand for distance-learning courses is expected to propel the growth of the exam preparation and tutoring market going forward. Distance-learning courses refer to educational courses that enable students to learn remotely from a location other than the educational institution, using technology to access course materials and communicate with instructors and peers. Online course students, like all other students, require ongoing tutor help in distance learning to keep them engaged and motivated. For instance, in January 2022, according to World Economic Forum, a Switzerland-based international non-governmental and lobbying organization, the number of new enrollments in Coursera's distance learning courses has tripled, reaching 71 million in 2020 and 92 million in 2021. Therefore, the increasing demand for distance-learning courses is driving the growth of the exam preparation and tutoring market.

The Rise Of Online Learning Is Anticipated To Fuel The Exam Preparation And Tutoring Market

The rise of online learning is expected to propel the growth of the exam preparation and tutoring market going forward. Online learning is a mode of education that utilizes the internet and digital technologies to deliver educational content and facilitate interactive engagement. Exam preparation and tutoring are used to enhance student comprehension, provide personalized support, and optimize academic performance through targeted assistance in online setting. For instance, in December 2023, according to Guru99, an India-based website that promotes free education, the online learning market will experience a 200% increase between the years 2020 to 2025. Therefore, the rise of online learning is driving the exam preparation and tutoring market. Major companies operating in the exam preparation and tutoring market report are Pearson PLC, TAL Education Group, McGraw Hill Education Inc., Cengage Learning Holdings II Inc., Kaplan Inc., Varsity Tutors, The Princeton Review, Sylvan Learning LLC, Chegg Inc., Blackboard Inc., Tutor Doctor International Inc., Catapult Learning LLC, Wyzant Inc., C2 Educational System Inc., Kumon North America Inc., TPR Education IP Holdings, Tutor.com Inc., Preply Inc., GradeStack Learning Pvt. Ltd., Barron's Educational Series Inc., Mathnasium LLC, TakeLessons, Ambow Education Holding Ltd., BenchPrep, Club Z! Tutoring Services, Skooli Inc., ArborBridge Inc., Manhattan Prep, Magoosh, Tutoring Club LLC, Houghton Mifflin Harcourt Publishing Company, Wiley Education Services

Technological Advancements In Exam Preparation And Tutoring Market

Technological advancements are a key trend gaining popularity in the exam preparation and tutoring market. Companies operating in the exam preparation and tutoring market are introducing new technologies to develop innovative products to sustain their position in the market. For instance, in March 2022, Vedantu, an India-based tutoring platform specializing in academic tutoring services, launched the Whiteboard Audio Video Environment (W.A.V.E. 2.0), a technologically advanced online learning platform. The W.A.V.E. platform uses artificial intelligence and machine learning to measure over one hundred parameters in real-time, resulting in improved student engagement, teaching effectiveness, and learning outcomes. The technology provides accurate insights by utilizing face recognition, content analysis, whiteboard usage analysis, verbal interaction analysis, doubt analysis, tone analysis, sentiment analysis, and other advanced techniques. According to the company, the patented technology is anticipated to completely revolutionize the learning process and performance evaluation.

Innovative Courses To Navigate New Exam Format

Major companies in the exam preparation and tutoring market are focused on developing innovative courses, such as preparation courses, to navigate new exam formats and gain a competitive edge in the market. A preparation course is a structured program designed to enhance knowledge and skills in a specific subject or for a particular purpose, such as exams or professional development. For instance, in July 2023, UWorld, a US-based e-learning company, launched its Digital SAT preparation course, designed for the new digital format of the exam. Accessible on various devices, the course features a question bank with nearly 1,000 questions to simulate the real Digital SAT. The platform uses performance-based learning technology, offering progress assessment, targeted practice, and detailed explanations. The new Digital SAT incorporates dynamic questions, reducing test duration and enhancing accessibility with customizable accommodations. UWorld's product is among the first to adapt to the evolving SAT format, providing students with effective preparation for the updated exam.

Study.Com Enhances Reach And Personalized Learning With Acquisition Of Enhanced Prep

In February 2023, Study.com LLC, a US-based tutoring company specializing in online learning, acquired Enhanced Prep for an undisclosed amount. With this acquisition, Study.com aims to expand its reach in providing high-dose tutoring services and combine its online platform with Enhanced Prep's exceptional tutoring services, enabling the provision of personalized learning on a large scale. Enhanced Prep is a US-based virtual tutoring company that specializes in exam and test preparation. North America was the largest region in the exam preparation and tutoring market in 2023. Asia-Pacific is expected to be the global exam preparation and tutoring market report fastest-growing region in the forecast period. The regions covered in the exam preparation and tutoring market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the exam preparation and tutoring market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The exam preparation and tutoring market includes revenues earned by entities by providing test preparation and tutoring services, educational courses, and educational material. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The exam preparation and tutoring market research report is one of a series of new reports from The Business Research Company that provides exam preparation and tutoring market statistics, including exam preparation and tutoring industry global market size, regional shares, competitors with a exam preparation and tutoring market share, detailed exam preparation and tutoring market segments, market trends and opportunities, and any further data you may need to thrive in the exam preparation and tutoring industry. This exam preparation and tutoring market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.