The Religious 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 Religious Organizations Global Market Report 2024, The religious organizations market size has grown steadily in recent years. It will grow from $373.48 billion in 2023 to $391.21 billion in 2024 at a compound annual growth rate (CAGR) of 4.7%. The growth in the historic period can be attributed to demographic trends, societal values and cultural influence, economic conditions, government policies on religion, global events and social movements.
The religious organizations market size is expected to see steady growth in the next few years. It will grow to $463.78 billion in 2028 at a compound annual growth rate (CAGR) of 4.3%. The growth in the forecast period can be attributed to youth engagement strategies, online religious services and community building, crisis response and social services, religious diversity and pluralism, environmental and social responsibility. Major trends in the forecast period include digital transformation and online presence, diversity and inclusivity initiatives, adoption of sustainable practices, community engagement and social services, adaptation to changing demographics.
The growth in disposable income contributes to the religious organizations’ market. Growth in economic conditions leads to higher disposable income that encourages individuals to participate and contribute to charity events. According to an OECD report In Australia, the average household net adjusted disposable income per capita is USD 684,635 a year. Australia’s growth in real household income outpaced growth in real GDP by 4.38 percentage points. On average, globally, household savings are 10.26 percentage points. The household savings of the net disposable income is 209.89 percentage points. Therefore, the growth in disposable income drives the market for religious organizations market.
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The religious organizations market covered in this report is segmented –
1) By Type: Public Organization, Private Organization, Individuals
2) By Religous Groups: Christians, Muslims, Hindus, Other Religious Groups
3) By Income Source: Religious Tourism, Donations, Media and Music, Religious Items and Merchandise, Construction and Infrastructure, Other Income Sources
The use of technology is increasingly being used by religious organizations to leverage religious organization assets for social impact. For instance, Goodlands is a start-up that is using geo-data to map the lands of the catholic church globally. It uses the geographic information system (GIS) software to make a map of the roman catholic church across the world with boundaries and layer on layer of data about the church and environmental contexts, then uses the land assets for creating new ways to channel them for social good.
The religious organizations market report table of contents includes:
1. Executive Summary
2. Religious Organizations Market Characteristics
3. Religious Organizations Market Trends And Strategies
4. Religious Organizations Market – Macro Economic Scenario
5. Global Religious Organizations Market Size and Growth
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26. South America Religious Organizations Market
27. Brazil Religious Organizations Market
28. Middle East Religious Organizations Market
29. Africa Religious Organizations Market
30. Religious Organizations Market Competitive Landscape And Company Profiles
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