The AI in Childcare and Parenting Market Size is valued at USD 3.96 billion in 2023 and is predicted to reach USD 19.06 billion by the year 2031 at a 22.1% CAGR during the forecast period for 2024-2031.
AI in childcare and parenting provides personalized advice, monitors children's health and safety, and enhances education through adaptive tools. It supports parents by offering tailored guidance, tracking well-being, and ensuring security, though it also raises concerns about privacy and the need for human interaction.
In addition, parents can now closely watch their children's activities while supporting their cognitive and emotional development thanks to AI-powered monitoring gadgets and smart toys with computer vision features. While there are many benefits of integrating AI into child care and parenting, there are also significant ethical and privacy issues that need to be carefully considered and regulated as the technology develops.
An important effect of the COVID-19 epidemic has been felt in the artificial intelligence market for childcare and parenting. Demand for AI-powered educational apps and virtual learning platforms has surged as parents look for creative methods to support their children during lockdowns and restrictions education of youngsters at home. Wearables and monitoring devices powered by AI became popular during the pandemic because they gave parents peace of mind and remote oversight. However, the pandemic's effects on the economy presented difficulties for some families, making AI-enhanced toys and technology more expensive.
Competitive Landscape
Some Major Key Players In The AI in Childcare and Parenting Market:
- IBM Corporation
- Google LLC
- Microsoft Corporation
- Amazon Web Services, Inc.
- Apple Inc.
- Samsung Electronics Co., Ltd.
- NVIDIA Corporation
- Intel Corporation
- Baidu, Inc.
- Sony Corporation
- Tencent Holdings Limited
- Oracle Corporation
- SoftBank Group Corp.
- Alibaba Group Holding Limited
- Anki Inc.
- Sphero Inc.
- Mattel, Inc.
- LeapFrog Enterprises, Inc.
- Fisher-Price, Inc.
- VTech Electronics North America, LLC
- Fisher-Price, Inc.
- CogniToys, Inc.
- Blue Frog Robotics SAS
- Cubic Robotics LLC
- Pai Technology Inc.
- Other Market Players
Market Segmentation:
The AI in the childcare and parenting market is segmented on the basis of type, application, end-user, and AI technology. Based on type, the market is segmented as AI-enhanced toys and games, AI-powered educational apps and content, AI-driven virtual assistants for parenting, AI-enabled monitoring devices and wearables, and AI-integrated learning systems for children. Based on application, the market is segmented as child development and learning enhancement, parental support and guidance, safety and security solutions, remote monitoring and supervision, and personalized learning and adaptive education. Based on end-users, the market is segmented as parents and caregivers, childcare centers and preschools, schools and educational institutions, pediatric healthcare providers, and toy and technology manufacturers. Based on AI technology, the market is segmented as natural language processing, machine learning algorithms, computer vision, speech recognition, neural networks and deep learning.
Based On Type, The AI-Enhanced Games And Toys Segment Is Accounted As A Major Contributor In The AI In The Childcare And Parenting Market.
AI-enhanced games and toys are among the most popular kinds of AI solutions in this market because they give kids engaging, informative, and interactive experiences that support their cognitive development. The popularity of AI-powered educational apps and content has also grown as they provide tailored learning experiences that meet the individual needs and learning preferences of every child. The emergence of AI-driven virtual assistants, which are intended to support parents in their caregiving journey, is another significant aspect of this market. These virtual assistants are a great resource, offering guidance on child care, parenting styles, and pertinent information to guarantee the well-being of children.
The Child Development And Learning Enhancement Segment Witnessed Growth At A Rapid Rate.
Through the provision of interactive and personalized educational experiences through AI-powered educational apps and material, AI plays a crucial role in child development and learning enhancement, promoting cognitive growth and information retention. Furthermore, AI-powered virtual assistants provide parents with invaluable assistance and direction, providing them with professional counsel and knowledge on efficient parenting methods and child-rearing approaches. Parental use of AI-powered security and safety solutions is growing, as wearables and monitoring devices with AI capabilities make it possible to remotely monitor and supervise kids' activities, improving kids' safety.
In The Region, North America AI In The Childcare And Parenting Market Holds A Significant Revenue Share.
Advanced technological infrastructure and widespread knowledge of AI's potential applications in childcare are driving the industry in North America, where the adoption of AI-powered toys, educational apps, and virtual assistants is on the rise. Significant growth is also being seen in Asia Pacific, where the emphasis is on integrating AI into childcare facilities and educational settings to promote individualized learning and child development. Rapid technology breakthroughs, a growing population & rising disposable income in the Asia Pacific region are driving demand for artificial intelligence (AI) solutions, especially in the areas of child safety and parental support.
Recent Developments:
- In Feb 2024, Microsoft unveiled a bold project to provide artificial intelligence skills to 2 million individuals in India by 2025. The initiative, named ADVANTA(I)GE INDIA, sought to expedite India's AI revolution and equip its workers for future employment opportunities. Microsoft announced the statement as a component of its wider Skills for Jobs project, which is in accordance with its responsible AI standards. The training was provided through collaborations with government agencies, non-profit organizations, and enterprises throughout India.
AI in Childcare and Parenting Market Report Scope
|
Report Attribute |
Specifications |
|
Market Size Value In 2023 |
USD 3.96 Bn |
|
Revenue Forecast In 2031 |
USD 19.06 Bn |
|
Growth Rate CAGR |
CAGR of 22.1% from 2024 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Bn and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Type, Application, End-User and AI Technology |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea |
|
Competitive Landscape |
IBM Corporation, Google LLC, Microsoft Corporation, Amazon Web Services, Inc., Apple Inc., Samsung Electronics Co., Ltd., NVIDIA Corporation, Intel Corporation, Baidu, Inc., Sony Corporation, Tencent Holdings Limited, Oracle Corporation, SoftBank Group Corp., Alibaba Group Holding Limited, Anki Inc., Sphero Inc., Mattel, Inc., LeapFrog Enterprises, Inc., Fisher-Price, Inc., VTech Electronics North America, LLC, Fisher-Price, Inc., CogniToys, Inc., Blue Frog Robotics SAS, Cubic Robotics LLC, Pai Technology Inc. |
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Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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