Global Social Services Market Growth To Suffer Slight Decline In 2020, Efforts To Mitigate Coronavirus Impact And Recover
The global social services market is expected to grow from $4598.9 billion in 2019 to $4796.5 billion in 2020 at a compound annual growth rate (CAGR) of 4.3%. The low growth is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 9% from 2021 and reach $6149.9 billion in 2023.
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The social services market consists of the revenues generated from services and related goods by entities (organizations, sole traders and partnerships) 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.
Child day care centers are leveraging technologies to allow parents stay connected with their children when they are away for work. . Many daycare centers are using apps to provide video streaming of classroom activities and send pictures of kids to parents. This technology enables parents to monitor their child activities at the care center by accessing videos and pictures.
Social Services Market Segmentation: -
1. Educational Services
2. Social Assistance
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Few Points From Table Of Content
1. Executive Summary
2. Report Structure
3. Social Services Market Characteristics
4. Social Services Market Product Analysis
5. Social Services Market Supply Chain
20. Social Services Market Competitive Landscape
21. Key Mergers And Acquisitions In The Social Services Market
24. Copyright And Disclaimer
The report covers the trends and market dynamics of the social services market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the social services market are Bill & Melinda Gates Foundation; World Food Programme; UNICEF; University of California System; The Salvation Army
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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