Polaris Market Research recently published [115+ Pages] research report on “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” in its research database.
According to the research report, the global babysitting services market size was valued at USD 21.27 billion in 2021 and is expected to reach USD 37.5 Billion by 2030, growing at a CAGR of 6.64% during the forecast period.
What is the Expected Size & Share of the Babysitting Services Market?
Babysitters provide protection for children of all ages. These childcare providers supervise play, assist children with school assignments, prepare meals and carry out simple household management tasks. The rapidly rising demand for the babysitting services market can be attributed to parenting being a round-the-clock job leaving no personal time for the parents themselves. This can be extremely tiring. A babysitter would provide a refreshing break from immense everyday responsibilities.
The babysitting services industry is anticipated to grow during the forecast period as there is a growing demand for childcare as a parent, together with an increasing number of working women globally is driving the growth of the market. Additionally, the growing popularity of online shopping platforms is further enhancing the adoption of babysitting services.
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(The sample of this report is readily available on request. The report sample contains a brief introduction to the research report, a Table of Contents, a Graphical introduction of regional analysis, Top players in the market with their revenue analysis, and our research methodology.)
What Does the Report Include?
- Qualitative and quantitative analysis of current trends and dynamics
- The analysis tools such as SWOT or Porter’s Five Forces are utilized, which explain the potency of buyers and suppliers to make decisions that are profit-oriented
- The in-depth market segmentation analysis assists in recognizing the prevailing market opportunities
- The babysitting services report assists in saving time and money by delivering impartial information under one roof
Some of the Top Market Players Are:
- Absolute Best care
- Thai Kid’s Home
- Chez Vous
- Nanny & Butler
- Nanny for U
- Sitting Pretty Babysitters
- Babysitters and Company
- Hello Au Pairs
- White House Nannies
- Williamsburg Nanny Agency
To Know Additional Information on Market Players, Download Sample PDF Brochure
Growth Driving Factors
- The number of young couples opting for nuclear families to push the market
The babysitting services market size is expanding as many young couples opt for a nuclear family instead of a joint family. The foundational reason behind this is to be on the lookout for more space from family members and achieve financial stability. This factor is creating escalated demand for babysitting services providers who can efficiently take care of the child while working parents are away.
The market is anticipated to see considerable growth post-COVID. Many working parents have hired or appointed a babysitter to care for children while firms have announced work from home. Babysitting services market sales are soaring due to the increasing population of new babies. The growing number of single mothers, the acquisition of new learning technologies for children, and the obtainability of government funding are pushing industry growth.
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In October 2022, Call Emmy obtained Nanno, an online company for childcare services with technology offerings. The sitters are anticipated to experience a background check, a screening, a skillset check, and patience to guarantee reliability and safety for the family.
- Live-out babysitter segment is anticipated to dominate the market
Based on type, the live-out babysitter segment is anticipated to dominate the market and maintain its position during its forecast period. The service provides flexibility and is economical. Therefore, it permanently opts for parents to select part-time services for babysitting. Babysitting services market demand is rising because live-out babysitters call on a family for a limited period during this week, essentially only when the individual requires a sitter to take care of the child rather than living in the individual’s home. This service is an appropriate substitute for hiring a live-in babysitter.
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- Increase in the number of single-parent populations to boost the North American market
North America held the largest babysitting services market share as there was an increase in working mothers and the single-parent population. The charge for daycare and childcare services in the US are incredibly high. As per the Harvard Business Review, 57% of working families disburse more than USD 10,000 on daycare in the US. United States workers and their families are extensively on their own regarding childcare. Therefore, families are bent upon disbursing more on child care services illustrating the high service demand in the US.
Asia Pacific is anticipated to be the fastest-growing market over the forecast period due to growing disposable income and the hectic life schedules of parents in the region. Babysitting services market trends include the market profiting from the growingly busy lifestyles of people. An overtaxed and hectic lifestyle has become a status symbol in India, China, Japan, and South Korea instead of a leisurely lifestyle.
Browse the Detail 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” with in-depth TOC: https://www.polarismarketresearch.com/industry-analysis/babysitting-services-market
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Frequently Asked Questions
- What are the trends, and would the market witness an increase or decrease in demand in the coming years?
- What are the upcoming industry applications for the market?
- What is the estimated demand for different types of products in babysitting services?
- What are the projections of the industry considering capacity, production, and production value?
- Where will the strategic developments take the industry mid to long term?
Polaris Market Research has segmented the babysitting services market report based on type, age group, and region:
By Type Outlook
- Live-in Babysitters
- Live-out Babysitters
- Part-time babysitters
- Full-time babysitters
By Age Group Outlook
- Less Than 1 Year
- 1-2 Years
- 2-4 Years
- 4-6 Years
- Above 6 Years
By Region Outlook
- North America (U.S., Canada)
- Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
- Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)
- Latin America (Brazil, Mexico, Argentina)
- Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
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