The Business Research Company’s latest report Civic Services Market Report 2020 covers Civic Services market drivers, Civic Services market trends, Civic Services market segments, Civic Services market growth rate, Civic Services market major players, and Civic Services market size. The report provides in-depth analysis of the impact of COVID-19 on the Civic Services industry, along with revised market numbers due to the effects of the coronavirus.
Civic Services Market Report 2020 is the most comprehensive report available on this market and will help gain a truly 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 civic services market is expected to decline from $966.8 billion in 2019 to $959.1 billion in 2020 at a compound annual growth rate (CAGR) of -0.8%. The decline 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 5% from 2021 and reach $1117.2 billion in 2023.
The civic services market is segmented by type into religious organizations, NGOs and charitable organizations, political organizations, unions and associations, by mode of donation into online, offline. Subsegments covered are trust and foundations, voluntary health organizations, human rights organizations, environment, conservation and wildlife organizations, others – NGOs and charitable organizations, civic and social organizations, business associations, professional organizations, labor unions and similar labor organizations, political organizations, others – political organizations, unions and associations.
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