The global babysitting services market size is expected to reach USD 37.5 billion by 2030, according to a new study by Polaris Market Research. The report “Babysitting Services Market Share, Size, Trends, Industry Analysis Report, By Type (Live-in Babysitters, Live-out Babysitters (Part-time Babysitters, Full-time Babysitters)); By Age Group; By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The need for childcare has increased worldwide due to changing social and economic conditions. There has been a radical change, the joint family's gradual disintegration and the nuclear family's emergence, which is the need for childcare services and facilities. The demand is rising in metro cities and rapidly in tier II & II cities. The family employs babysitters on either a live-in or live-out basis to take care of the children and their tasks.
As inflation continues, a typical family requires more than one income, creating a need for quality childcare services. Women are addressing the workforce's needs, and their participation is increasing daily. The rising proportion of working women in urban areas showcases a growing demand for babysitting.
Owing to technological advancements and innovation, the providers have now adopted childcare software management systems, enabling online learning and games in the curriculum, helping their children learn faster and improve cognitive skills. This has enhanced the safety of children, and parents can check on their kids with the help of an application.
Online platforms are introduced by the service providers where qualified sitters and clients can enroll, communicate, and choose the sitter, providing services according to their needs. For instance, Care.com, a digital platform quickly searches for potential sitters and parents, does the necessary back-ground verification & screening of baby-sitters on behalf of parents.
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With the increasingly fast-paced and hectic lifestyle, consumers worldwide are inclined towards using convenient solutions while choosing childcare services. The growing disposable income will also result in consumers spending on these services to care for the children and find a work-life balance. However, the high cost associated with hiring and appointing babysitter services will likely hamper the market growth. Nevertheless, part-time babysitters are cost-effective services that will positively influence product demand.
Babysitting Services Market Report Highlights
Polaris Market Research has segmented the babysitting services market report based on type, age group and region:
Babysitting Services, Type Outlook (Revenue - USD Billion, 2018 - 2030)
Babysitting Services, Age Group Outlook (Revenue - USD Billion, 2018 - 2030)
Babysitting Services, Regional Outlook (Revenue - USD Billion, 2018 - 2030)