The Business Research Company’s latest report Social Assistance Global Market Report 2020 covers Social Assistance market drivers, Social Assistance market trends, Social Assistance market segments, Social Assistance market growth rate, Social Assistance market major players, and Social Assistance market size. The report provides in-depth analysis of the impact of COVID-19 on the Social Assistance industry, along with revised market numbers due to the effects of the coronavirus.
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Social Assistance Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global social assistance market is expected to grow from $1431.8 billion in 2019 to $1487.8 billion in 2020 at a compound annual growth rate (CAGR) of 4%. The low growth is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 9% from 2021 and reach $1894.4 billion in 2023.
The global social assistance market is segmented by type into child day care services, community and individual services. Subsegments covered are baby and child day care centers, pre-kindergarten and preschool centers, nursery schools, community food, housing, and relief services, individual and family services.
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