Children Products and Services
The child-care industry as a whole includes about 40,000 commercial companies with an annual revenue of $22 billion, and 25,000 non-profit organizations with an annual revenue of $10 billion. In 2008, the industry is expected to grow between 4 and 6 percent, according to the U.S. Department of Labor. Child-care is a highly fragmented industry- the top 50 companies hold less than 20% of the market. Competition is mainly between smaller, individual companies who have more convenient locations. To work in the industry, it is required that an individual have a college degree in early childhood behavior, child care management, psychology, or education. It is a highly labor-intensive industry, and it is essential to be a creative, patient and perceptive individual to excel in this line of work.