Civic Services Market Growth Outlook Through 2024-2033

Spread the love

Overview and Scope

Civic services refer to services that are involved in activities of community welfare and are devoted towards educational and charitable purposes without the transfer of any physical goods or commodities. They organize and promote religious activities, support various causes through grant-making, advocate various social and political causes, and promote and defend the interests of their members.

Sizing and Forecast

The civic services market size has grown strongly in recent years. It will grow from $1123.7 billion in 2023 to $1185.45 billion in 2024 at a compound annual growth rate (CAGR) of 5.5%. The growth in the historic period can be attributed to population growth, urbanization, government initiatives, infrastructure development.

The civic services market size is expected to see strong growth in the next few years. It will grow to $1447.98 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%. The growth in the forecast period can be attributed to digital transformation, aging population, sustainability and green practices, healthcare innovation, education technology. Major trends in the forecast period include digital transformation of government, sustainability and green practices, healthcare innovation, education technology, smart cities.

To access more details regarding this report, visit the link:

https://www.thebusinessresearchcompany.com/report/civic-services-global-market-report

Segmentation & Regional Insights

The civic services market covered in this report is segmented –

1) By Type: Religious Organizations, NGOs And Charitable Organizations, Political Organizations, Unions And Associations

2) By Mode of Donation: Online, Offline

3) By Organization Location: Domestic, International

Subsegments Covered:, Trust And Foundations, Voluntary Health Organizations, Human Rights Organizations, Environment, Conservation And Wildlife Organizations, Other NGOs And Charitable Organizations, Civic And Social Organizations, Business Associations, Professional Organizations, Labor Unions And Similar Labor Organizations, Political Organizations, Other Political Organizations, Unions And Associations

Asia-Pacific was the largest region in the civic services market in 2023. North America was the second-largest region in the global civic services market. The regions covered in the civic services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Intrigued to explore the contents? Secure your hands-on sample copy of the report:

https://www.thebusinessresearchcompany.com/sample.aspx?id=1943&type=smp

Major Driver Impacting Market Growth

The growth in NGOs (non-governmental organization) and charitable organizations is expected to drive the growth of the civic services market. NGOs and charitable organizations are independent from government control that operates on a not-for-profit level. The growth in NGOs and charitable organizations market leads to growth in donations, which supports the growth of the civic services market. For example, the number of people worldwide donating money to NGOs is expected to grow to 2.5 billion by 2030 from 1.4 billion in 2014. Further, the global NGOs and charitable organizations market is expected to grow from $288.97 billion in 2022 to $369.21 billion in 2027. Therefore, the growth in NGOs and charitable organizations is expected to drive the growth of the civic services market.

Key Industry Players

Major companies operating in the civic services market include The Southern Baptist Convention, United Nations International Children’s Emergency Fund, Feeding America, American Red Cross, Open Society Foundations, William and Flora Hewlett Foundation, Republican Party, Democratic Party, Wellcome Trust, Ford Foundation, Young Men’s Christian Association, Boys & Girls Clubs of America, American Cancer Society, The Salvation Army, World Food Programme, Rotary International, Habitat for Humanity International, Goodwill Industries International, United Way Worldwide, The Nature Conservancy, The Humane Society of the United States, The Sierra Club Foundation, The Carter Center, The Pew Charitable Trusts, The Rockefeller Foundation, The MacArthur Foundation, The Carnegie Corporation of New York, The Kresge Foundation, The Andrew W. Mellon Foundation, The John D. and Catherine T. MacArthur Foundation.

The civic services market report table of contents includes: