InsightAce Analytic Pvt. Ltd. reports on “Global AI Market in Childcare and Parenting – By Type (AI-enhanced Toys and Games, AI-Powered Educational Apps and Content, AI-Driven Virtual Assistant for Childcare, AI) announced the release of a market evaluation report on enabled monitoring devices and wearables, AI-integrated learning systems for children), by application (enhancing child development and learning, parent support and guidance, safety and security solutions, remote monitoring and supervision, personalized learning and adaptive education), By end user (parents and caregivers, day care centers and preschools, schools and educational institutions, pediatric healthcare providers, toy and technology manufacturers) and by AI technology (natural language processing, computer vision, machine learning algorithms, speech recognition, neural Networks, Deep Learning)), Trends, Industry Competitive Analysis, Revenues, and Forecasts to 2031.
According to the latest research by InsightAce Analytic, the global AI in child care and parenting market was valued at USD 3.96 billion in 2023 and will reach USD 19.06 billion by 2031, at a CAGR of 22.1% during the forecast period. It is expected that From 2024 to 2031.
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AI is increasingly integrated into child care and parenting, providing tools to support parents and promote child development. These AI-driven solutions can provide personalized advice, monitor children’s health and safety, and even assist with education. This involves the creation and deployment of computer systems and algorithms that can perform operations that often require human involvement, such as watching over children and providing individualized guidance and assistance in fulfilling their parental roles. It is necessary. In this application, artificial intelligence (AI) refers to a variety of technologies, including ML (machine learning, robotics, computer vision, and natural language processing (NLP)). All of these technologies have implications for learning outcomes, child safety, and general health.
List of prominent players in AI in child care and parenting market:
・Sony Corporation
• Tencent Holdings Co., Ltd.
・Oracle
・SoftBank Group Corp.
• Alibaba Group Holding Limited
・Anki Co., Ltd.
・Sphero Co., Ltd.
• Mattel
• LeapFrog Enterprises, Inc.
• Fisher Price Co., Ltd.
• VTech Electronics North America LLC
• Fisher Price Co., Ltd.
• Cognitoys Co., Ltd.
• Blue Frog Robotics SAS
• Cubic Robotics LLC
• Pi Technology Co., Ltd.
Market dynamics:
Driver –
The growing need for creative ways to improve parenting and child development is one of the main motivations. AI-powered virtual assistants, interactive toys, and educational apps are becoming increasingly popular as they provide parents with personalized learning experiences and convenient services, increasing overall childcare efficiency. Additionally, the increasing number of working parents is increasing the need for AI-driven childcare solutions that can ensure children are safe and supervised even when parents are not present.
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assignment:
Privacy and ethical concerns are among the main concerns. The integration of AI in child care and parenting has raised concerns about data security and the appropriate use of children’s information. Ensuring that AI technology complies with moral principles and privacy laws is essential to fostering trust among parents and other stakeholders. Additionally, barriers to mainstream adoption can include the high initial costs of implementing AI technology and the requirements for appropriate infrastructure and qualified personnel.
Regional trends:
Advanced technology infrastructure and extensive knowledge of AI applications in childcare are driving the North American market, with increasing use of AI-powered toys, educational apps, and virtual assistants. We are also seeing significant expansion in Europe, with a focus on bringing AI into classrooms and child care facilities with a focus on child development and personalized learning. Rapid technological advancements, population growth, and 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 February 2024, Microsoft announced a bold project to provide artificial intelligence skills to 2 million people in India by 2025. The initiative, named ADVANTA(I)GE INDIA, aimed to accelerate India’s AI revolution and provide future employment opportunities to its employees. Microsoft released this statement as part of its broader Skills for Jobs project, which aligns with the company’s Responsible AI standards. This training was delivered through collaboration with government agencies, non-profit organizations, and businesses across India.
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Segmentation of AI in the childcare and childcare market
By type-
• AI-enhanced toys and games
• AI-powered educational apps and content
• AI-driven virtual assistant for parenting
• AI-enabled surveillance devices and wearables
• AI integrated learning system for kids
By application-
• Improving child development and learning.
• Parent support and guidance.
• Safety and security solutions
• Remote monitoring and monitoring
• Personalized learning and adaptive education
By end user –
• Parents and caregivers.
• Childcare centers and kindergartens
• Schools and educational institutions;
• Pediatric healthcare provider
• Toy and technology manufacturers.
With AI technology –
• Natural language processing
• Computer vision
• Machine learning algorithms
• Voice recognition
• Neural networks and deep learning
By region-
North America-
• US
• Canada
• Mexico
Europe-
• Germany
• UK
• France
• Italy
• Spain
• Rest of Europe
Asia Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific
latin america-
• Brazil
• Argentina
• Rest of Latin America
Middle East and Africa –
• GCC countries
• South Africa
• Rest of the Middle East and Africa
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