The Civic And Social Organizations Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Civic And Social Organizations Global Market Report 2024, The civic and social organizations market size has grown steadily in recent years. It will grow from $62.56 billion in 2023 to $65 billion in 2024 at a compound annual growth rate (CAGR) of 3.9%. The growth in the historic period can be attributed to international aid organizations, community development programs, formation of advocacy group, civil rights movements, emergence of nonprofits.
The civic and social organizations market size is expected to see steady growth in the next few years. It will grow to $75.43 billion in 2028 at a compound annual growth rate (CAGR) of 3.8%. The growth in the forecast period can be attributed to enhanced communication strategies, diversification of funding sources, environmental sustainability focus, addressing demographic changes, innovative volunteer engagement. Major trends in the forecast period include digital transformation, diversity, equity, and inclusion (dei) initiatives, community-centric solutions, advocacy for social justice, volunteer mobilization.
Increasing donations from corporates are driving the civic and social organizations’ market. Sponsorships from corporates are great sources of funding for these organizations to promote and fulfill the needs of society. These donations include philanthropic, event sponsorship, cause marketing, pro bono, matching gifts, paid release, in-kind gifts, and check-out campaigns. For instance, in April 2021, The Ithaca, a New York-based online fundraising tool for nonprofits assisted over 40,000 organizations in raising over $2 billion. During civic Giving Days in August 2020, it facilitated a record-breaking $124 million in donations. Moreover, in June 2020, BMO Financial Groups, a financial service provider, announced plans to donate $1 million to several organizations in North America that provide support to social and racial justice, and inclusion. The increase in donations from corporates is positively impacting the growth of the civic and social organizations market.
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The civic and social organizations market covered in this report is segmented –
1) By Products and Services: Membership Services, Prepared Meals And Beverages, Gaming Services, Rental Of Nonresidential Space, Private Gifts, Grants And Donations, Government Grants And Support, Other Products and Services
2) By Type: Academia, Activist Groups, Charities, Clubs, Community Foundations, Community Organizations, Consumer Organizations, Cooperatives, Other Types
3) By Mode of Donation: Online, Offline
4) By Organisation Location: Domestic, International
Top Major Players:
Rotary International Club
Boys and Girls Clubs of America
American Association of State Colleges and Universities
National Low Income Housing Coalition
Lions Clubs International
Asia-Pacific was the largest region in the civic and social organizations market in 2023.
Major companies operating in the civil and social organizations market are innovating new technologies such as Inclusive Digital Advocacy Toolkit to increase their profitability in the market. Inclusive Digital Advocacy Toolkit is a tool made to help civil society organizations (CSOs), organizations for people with disabilities (OPDs), and various advocates use social media and technology for advocacy operations. For instance, in November 2021, International Foundation for Electoral Systems (IFES), a US-based non-profit organization launched as Inclusive Digital Advocacy Toolkit. The toolbox is available to a wide range of participants, including political parties, candidates, elected officials, and government agencies. The toolkit walks users through every stage of putting together an inclusive digital advocacy campaign, making sure that advocates advance the rights of everyone and carry out their advocacy work in a welcoming and accessible way.
The civic and social organizations market report table of contents includes:
1. Executive Summary
2. Civic And Social Organizations Market Characteristics
3. Civic And Social Organizations Market Trends And Strategies
4. Civic And Social Organizations Market – Macro Economic Scenario
5. Global Civic And Social Organizations Market Size and Growth
…
32. Global Civic And Social Organizations Market Competitive Benchmarking
33. Global Civic And Social Organizations Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Civic And Social Organizations Market
35.Civic And Social Organizations Market Future Outlook and Potential Analysis
36. Appendix
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