Press release
Social Assistance Market Key Opportunities And Forecast Report 2020-30: Covid 19 Impact And Recovery
The global social assistance market is expected to grow from $1431.8 billion in 2019 to $1487.8 billion in 2020 at a compound annual growth rate (CAGR) of 4%. 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 $1894.4 billion in 2023.
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The social assistance market consiss of the revenues from social assistance services by entities (organizations, sole traders and partnerships)that provide social assistance services such as child day care services, community food housing and relief services, vocational rehabilitation services and individual and family services. These services do not include residential or accommodation services, except on a short-day basis.
Adult day care service providers are adopting the latest technologies to enhance service quality being offered to senior citizens. They are widely using technologies such as wearables’, geo-fencing and thermostats. Geo fencing devices track medication, Alzheimer’s wandering activity, inactivity, falls, and real-time health information, whereas thermostat regulates the temperature in a facility by turning on and switching of the heating system.
Social Assistance Market Segmentation: -
By Type
1. Child Day Care Services
2. Community And Individual Services
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Few Points From Table Of Content
1. Executive Summary
2. Report Structure
3. Social Assistance Market Characteristics
4. Social Assistance Market Product Analysis
5. Social Assistance Market Supply Chain
………………
20. Social Assistance Market Competitive Landscape
21. Key Mergers And Acquisitions In The Social Assistance Market
22. Market Background: Social Services Market
23. Recommendations
24. Appendix
The report covers the trends and market dynamics of the social assistance 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 assistance market are Bill & Melinda Gates Foundation, 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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