Civic Services Market Report 2020-2030 | Covid 19 Impact And Recovery
The global civic services market is expected to decline from $966.8 billion in 2019 to $959.1 billion in 2020 at a compound annual growth rate (CAGR) of -0.8%. The decline 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 5% from 2021 and reach $1117.2 billion in 2023.
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The civic services market consists of the sales of civic services and related goods earned by entities (organizations, sole traders and partnerships) that organize and promote religious activities; support various causes through grantmaking; advocate various social and political causes; and promote and defend the interests of their members. A service can be defined as a transaction between a buyer and a seller without the transfer of any physical goods or commodities. Examples of civic service organizations include community associations or organizations, ethnic associations, fraternal associations or lodges, girl guiding organizations, history societies, parent-teacher associations, retirement associations, scouting organizations, and students' associations.
Crowdfunding is rapidly becoming one of the most popular modes for individuals and businesses to raise money for a cause, project, or event. It is a process of raising capital through a large number of independent investors primarily via crowdfunding platforms and social networking websites. Crowdfunding includes funds raised through donation websites, online charity auctions, and giving by text. According to Massolution crowdfunding report 2015, the global crowdfunding industry expanded by 167%, from $6.1 billion in 2013 to $16.2 billion in 2014 in terms of funds raised. The industry more than doubled in 2015, reaching $34.4 billion.
Civic Services Market Segmentation: -
NGOs And Charitable Organizations
Political Organizations, Unions And Associations
By Mode of Donation
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Few Points From Table Of Content
1. Executive Summary
2. Report Structure
3. Civic Services Market Characteristics
4. Civic Services Market Product Analysis
5. Civic Services Market Supply Chain
20. Civic Services Market Competitive Landscape
21. Key Mergers And Acquisitions In The Civic Services Market
22. Market Background: Services Market
25. Copyright And Disclaimer
The report covers the trends and market dynamics of the Civic 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 Civic Services Market are Southern Baptist Churches; World Food Programme; UNICEF; The Salvation Army; Feeding America.
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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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