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Pharmacy benefit management market
PARENTING APPS MARKET REPORT OVERVIEW
global parenting apps market size was USD 0.73 billion in 2023 and the market is projected to touch USD 3.90 billion by 2032 at a CAGR of 20.37% during the forecast period.
Parenting apps are a valuable tool, not only for caregivers but also for all those people desiring to acquire all the needed skills in parenting. This can be done by means of simplifying some aspects in upbringing.These digital tools provide parents and caregivers with the possibility to watch the developmental milestones, use the schedule plan and seek expert advice.The functionality of things like sleep monitors, milestone trackers, and other learning objectives will help parents keep a track of their child’s health and development.In addition to that, a number of apps implement the community engagement feature, making it possible for friends to collaborate in sharing their ideas and experiences.
COVID-19 IMPACT
"Sudden Lockdowns and Abrupt Close-downs of Schools During Pandemic Increased Market Growth"
The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.
The first corona virus outbreak led to an abrupt increase in the adoption of parenting apps as parents around the world turned online for help when they were locked out of the real world during the lockdown and social distancing rules.However, owing to disrupted traditional support systems, these apps became a live wire providing learning instructions, dealing with anxiety and how to build normancy during the lockdown period.The capability for the obstetrician and mental health professionals to be consulted online due to the movement restrictions also played a very significant role.Secondly, the corona virus period demonstrated the deepening feature of digital communities within the apps. Thus, the bonds got even tighter, and parents, despite the distance, felt connected and supported.Thus, these apps faced a lot of demand even during the pandemic.
LATEST TRENDS
"Integration of Software that MonitorsSugar levels, sleep patterns, and nutritionto Accelerate Market Growth"
The parenting apps market has witnessed several remarkable innovations in the recent years.AI driven engine now provide personalized guidance for parents based on the different stages of children's development and specific demands, which allows parents to do a much better job in educating children.Parenting-skill simulations, which are constructed using virtual reality technology, help learners to gain the experience, confidence, and competence at the same time.
On the other hand, proper monitoring with smart devices makes it possible to detect fluctuations and identify issues by checking blood sugar levels, sleep patterns, and nutrition which in turn enables caregivers to manage their children better.Creation of communities within parenting apps also provides the required emotional support to new parents.These revolutionary innovations are a milestone of technological progress in parenting app services, giving modern and professional care. The above-mentioned factors are driving theparenting apps market growth.
PARENTING APPS MARKET SEGMENTATION
By Type
Based on types the global market is segmented into pregnancy tracker apps, baby tracker apps, and, co-parenting apps
- Pregnancy Tracker Apps:The pregnancy tracking apps give expectant parents information of every fetus development issue along with weekly updates, healthcare news, and milestones reminders.
- Baby Tracker Apps:With an application-based baby tracker, baby caretakers are able to take their babies' activity like feeding, sleeping and diaper tracking accordingly to establish a generally healthy routine.
- Co-parenting Apps:For instance, through co-parenting apps, separated or divorced parents can communicate and harmonize their schedule easily which helps them to arrange child custody, share critical inventions, and manage expenses smoothly.
Application
Based on application the global market is segmented into android systems, and, IOS systems
- Android Systems:Android platforms have the benefit of offering users an extensive range of devices, combined with the option of selecting apps that have been either provided by the manufacturer or approved by Google Play Store, leading to a rich and customizable experience for everyone.
- iOS Systems:iOS systems have a unified and pleasant interface of the iOS ecosystem across all Apple devices, which are considered to be highly protected and have strict quality control for certain apps. The users, who appreciate software integration, reliability, and a nice interface, are the target group of such gadgets.
DRIVING FACTORS
"Rising Consciousness of Child Development and Healthin a Fast-paced World to Amplify Market Growth"
Digital technologies make it a trend to use various apps for parenting aid, which is a result of the unceasing need of working parents for simple solutions and saving their time.Rising consciousness of child development and health is the primary reason why parents are looking for such apps. This software not only helps with expert advice but also show the graphs of a child’s milestone. Furthermore, parenting solutions have become virtual as a result of the corona virus pandemic which precipitated a higher demand. As support networks were disrupted during lockdowns, parents were seeking this alternative.Not going alone, the provision of community and peer support also propels the making of these apps and caregivers end up looking for social ties and comradeship in overcoming the responsibilities of raising the children in such a fast paced and digitally surged world. All of the above-mentioned factors are driving theparenting apps market share.
"Increasing Complexity of Modern-day parenting to Propel Market Growth"
Modern parenting is becoming complex day by day as parents face issues ranging from increased screen time to increasing depression among children.Therefore, parenting app companies are investing into such strategies as comprehensive solutions that are able to give advice on different issues regarding children rearing.
Moreover, the ease of access to services and all kinds of information on the go, due to the widespread use of smart phones and vehicles, goes hand in hand with these apps.Finally, the present family structures, which include single-parent households and co-parenting arrangements, compel a development and implementation of tools that do the facilitation work among caregivers.All of these factors together propel the market growth and development.
RESTRAINING FACTOR
"Breach of Personal Information and Threat to Security to Decrease Market Growth"
One of the limitations of parent apps is regarding information privacy and security that users may doubt the credibility to put their family data on a public platform.Furthermore, consumers can be discouraged by the number of app choices. This makes the process of establishing a habit more difficult and decision-making even harder.
The technology that is limited to access and the digital literacy of the different sub-populations are also some of the obstacles that are caused.Furthermore, dependency on technology may reduce the physical interactions and practical instincts of the parents and this explains why many are concerned about the relevant balance between telematic support and real-life parentage.The abovementioned elements indicate that the parenting app industry requires constant improvement.
PARENTING APPS MARKET REGIONAL INSIGHTS
The market is primarily segmented into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa
"North America to Dominate Market Share in Upcoming Years Due to Tech-savvy Population"
North America is the major region in the market of parenting apps. Many factors like a high level of the Smartphone penetration, tech-savvy people that use smart phones to interact with apps, and the atmosphere of digital innovation make the U.S. the leading market for parenting apps.The abundance of parenting apps that focuses on different needs causes the growing competitive scene with regular updates or revision of the features.Subsequently, the region's supportive startup community as well as venture capital investment market is what’s fueling growth of these parenting apps.
KEY INDUSTRY PLAYERS
"Leading Players adopt Acquisition Strategies to Stay Competitive"
Several players in the market are using acquisition strategies to build their business portfolio and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the market.
List of Top Parenting Apps Companies
- TalkingParent (U.S.)
- BABYTIME (China)
- Nighp Software (Canada)
- The Bump (U.S.)
- Baby Nursing (U.S.)
- MyMedela (Switzerland)
- Kinedu (Mexico)
- Babytree (China)
- AppClose (U.S.)
- Sprout Baby (U.S.)
- Baby Connect (France)
- Ovia Health (U.S.)
- HelloBaby, Inc. (U.S.)
- BabyGogo (India)
- Qinbaobao (China)
- WebMD (U.S.)
- BabyCenter, L.L.C. (U.S.)
- Cozi (U.S.)
- OurFamilyWizard (U.S.)
- ivybaby (China)
INDUSTRIAL DEVELOPMENT
November 2021:In 2021, the childcare mobile apps industry came up with a new innovation when it offered AI-powered virtual parenting aides.Innovation incorporates the latest algorithms that enable them to charge personalized recommendations and advice to each family based on their genealogy and style of parenting.Through the process of data analysis including child development milestones, behavior patterns and parents' preferences, these assistants become indispensable by offering parenting guidance on dealing with, for example, sleep training or nutrition, which is the way caregivers have to learn how to cope with the multifaceted competition of raising children in the digital age.
Report Coverage
The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.
The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 0.73 Billion in 2023 |
Market Size Value By |
US$ 3.9 Billion by 2032 |
Growth Rate |
CAGR of 20.37% from 2023 to 2032 |
Forecast Period |
2023-2032 |
Base Year |
2024 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered | |
By Type
|
|
By Application
|
Frequently Asked Questions
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What value is the global parenting apps market expected to touch by 2032?
The global parenting apps market is expected to touch 3.90 billion by 2032.
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What CAGR is the parenting apps market expected to exhibit during 2032?
The parenting apps market is expected to exhibit a CAGR of 20.37% over 2032.
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Which are the driving factors of the market?
Integration of software that monitors sugar levels sleep patterns, and nutrition to drive the market growth and development.