Overview and Scope
Social services refer to services that provide benefits and facilities relating to food supplies, education, health care, disaster relief activities and housing services and are offered by private or government establishments to improve the living conditions and social well-being of under privileged children, disabled, elderly and the poor in a community.
Sizing and Forecast
The social services market size has grown strongly in recent years. It will grow from $5164.52 billion in 2023 to $5542.2 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to demographic changes, government policies, public awareness, nonprofit sector growth, crisis response.
The social services market size is expected to see strong growth in the next few years. It will grow to $7301.1 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to mental health awareness, community engagement, diversity, equity, and inclusion (dei) initiatives, government funding shifts, integrated service models. Major trends in the forecast period include technology integration, digital transformation for outreach, data-driven decision-making, cross-sector collaboration, trauma-informed care.
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Segmentation & Regional Insights
The social services market covered in this report is segmented –
1) By Type: Educational Services, Social Assistance
2) By Type of Operator: Public Operator, Private Operator
3) By Mode: Online, Offline
Subsegments Covered: Other Educational Services, Colleges, Universities, And Professional Schools, Elementary And Secondary Schools, Child Day Care Services, Community And Individual Services
Western Europe was the largest region in the social services market in 2023. Asia-Pacific was the second-largest region in the social services market. The regions covered in the social services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the social services market report are Lutheran Social Services of America, Catholic Charities USA, United Nations Children’s Fund, Rehabilitation Services Administration (RSA), United Way Worldwide, American Red Cross, Médecins Sans Frontières, Bright Horizons Family Solutions, KinderCare Education, World Vision International, Goodstart Early Learning, Save the Children, Food For the Poor Inc., illuminate VR Services Ltd., The Salvation Army, Habitat for Humanity International, Easterseals Arc, Naborforce Inc., Vocational Rehabilitation and Employment (VR&E), Vocational Rehabilitation Association (VRA), RISE Inc., Vocational rehabilitation of the handicapped person, Georgia Vocational Rehabilitation Agency, New York State Education Department, Adult Career and Continuing Education Services, Easterseals Oregon, Sanctuary Housing, CARE International, Doctors Without Borders, Oxfam International, The Village Family Service Center
The social services market report table of contents includes:
1. Executive Summary
2. Social Services Market Characteristics
3. Social Services Product/Service Analysis -Product/Service Examples
4. Social Services Market Trends And Strategies
5. Social Services Market – Macro Economic Scenario
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68. Global Social Services Market Competitive Benchmarking
69. Global Social Services Market Competitive Dashboard
70. Key Mergers And Acquisitions In The Social Services Market
71. Social Services Market Future Outlook and Potential Analysis
72. Appendix
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