The Child And Youth Services 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 Child And Youth Services Global Market Report 2024, The child and youth services market size has grown strongly in recent years. It will grow from $147.49 billion in 2023 to $156.93 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to growth in campaigns for child advocacy, focus on youth empowerment, advancements in healthcare services, rise of community centers, policy changes in child protection.
The child and youth services market size is expected to see strong growth in the next few years. It will grow to $199.12 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to groing advocacy for inclusive services, remote counseling services, innovations in healthcare, community-based services, advancements in child protection. Major trends in the forecast period include focus on resilience building, trauma-informed care, holistic development programs, diversity and inclusion initiatives, preventive mental health services.
The benefits from community programs for children and youth contributed to the growth of the child and youth services market. According to youth.gov, young people surrounded by a variety of opportunities engage in less risky behavior in adulthood. A study was conducted that for the first five years where youth are involved in the 4-H youth development program, they showed a lower risk of having social, and personal behavioral problems four times more likely to contribute to the communities, and two times as likely to be civically active. These factors are expected to have a positive impact on the growth of the child and youth services market.
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The child and youth services market covered in this report is segmented –
1) Child And Youth Services Market By Service: Foster And Guardianship Placement Services, Counseling And Information Services, Social Assistance Services, Children And Youth Recreational Programs, Private And State Adoption Services, Other Services
2) Child And Youth Services Market By Age Group: Infant, Child, Adolescent, Youth
3) Child And Youth Services Market By Mode: Online, Offline
Top Major Players
Young Men’s Christian Association
UNICEF (UnitedNationsChildrenFund)
Save the Children
SOS Children’s Village
World Vision
Predictive analytics is a technique increasingly used by communities for the welfare of children and youth. Predictive analytics in the context of child welfare is commonly about maltreatment risk levels. The approach works by quantifying the risk and can be used to target the services that are given to children, families, and communities that are most likely to have benefits. For instance, the Illinois Department of Children and Family Services used a predictive analysis model to understand the children who were at risk of placement in congregate care settings. The predictive analytics identified a set of predictors including behavioral and emotional problems of children. This helped the department to design and implement a therapeutic foster care intervention that could be an alternative to congregate care.
The child and youth services market report table of contents includes:
1. Executive Summary
2. Child And Youth Services Market Characteristics
3. Child And Youth Services Market Trends And Strategies
4. Child And Youth Services Market – Macro Economic Scenario
5. Global Child And Youth Services Market Size and Growth
……
32. Global Child And Youth Services Market Competitive Benchmarking
33. Global Child And Youth Services Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Child And Youth Services Market
35. Child And Youth Services Market Future Outlook and Potential Analysis
36. Appendix
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