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U.S. Child Care Market Size & Trends:
The U.S. child care market size was estimated at USD 61.70 billion in 2023 and is expected to grow at a CAGR of 5.86% from 2024 to 2030. The market growth is driven by the increased demand due to more parents returning to offices, advancements in learning technologies, and government funding, specifically for single and working mothers.
The demand for early care and education in states such as Massachusetts is increasing due to the growth in skilled service areas, such as business & health, indicating the need for quality and accessible child care & early education. Therefore, ensuring that skilled workers with young children can continue participating in the labor force is important. It also facilitates parents to pursue higher education degrees and specialized training, which is essential to maintain a competitive employment market. Grand View Research.