Volunteers arranging donations in a community charity donation center
The Community And Individual Services 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 Community And Individual Services, The community and individual services market size has grown strongly in recent years. It will grow from $1415.44 billion in 2023 to $1501.73 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to increased aging population, strong economic growth in emerging markets, technology development and mobile apps and government funding for community care.
The community and individual services market size is expected to see strong growth in the next few years. It will grow to $1885.89 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to preferring community stay, rapid growth in the aging population, changes in lifestyles, increasing healthcare access and increasing household incomes. Major trends in the forecast period include adult day care going high-tech, data-driven approach to human services, online funding platforms to support social initiatives, autism care centers, telehealth to improve underserved community services, individualized service plans, adoption of electronic health records (ehr) and artificial intelligence (ai) in childcare management..
Autism Spectrum Disorder (ASD) is a complex developmental disability. Symptoms of this disorder typically appear during early childhood and affect a person’s ability to communicate and interact with others. The Center for Disease Control and Prevention (CDC) reported that 1 in 59 children are diagnosed with an autism spectrum disorder (ASD) in the US. Studies show that early diagnosis and intervention lead to significantly improved outcomes. To address this, many autism research organizations are expected to invest more time and money in the betterment of this condition. Training social service employees for autism child care counselors, the number of therapists, and psychologists will increase and they are expected to serve more individuals and eventually generate more revenues.
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The community and individual services market covered in this report is segmented –
1) By Type: Community Food, Housing, and Relief Services, Individual And family Services
2) By Mode: Offline, Online
3) By Application: Food Stamp Program, Disaster Relief Services, Adoption Services, Self-Help
Community and individual services providers are increasingly using data-driven approaches such as big data and predictive analytics to gather insights related to social assistance services. Predictive analytics involves the use of data, statistical algorithms, and machine learning techniques to identify the likelihood of future outcomes based on historical data. Big data analytics involves extracting hidden patterns and useful information from a large set of data. These techniques help in reporting, detecting, or correcting non-compliance while monitoring the target population. For instance, Hillside Family of Agencies, a human services provider for youth and families, is using predictive analytics to reduce the dropout rates among youth in high school. Good Samaritan Society, a non-profit provider of senior care and services, has partnered with IBM to use big data and analytics software for its clinical and operational data about the patients.
The community and individual services market report table of contents includes:
1. Executive Summary
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