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Global Social Assistance Market 2023 : SWOT Analysis Of Key Driving Factors For Growing CAGR Value | World Food Programme, THE SALVATION ARMY INTERNATIONAL TRUST, Unicef, Bright Horizons Family Solutions
Social Assistance Global Market Report
The Business Research Company's Social Assistance Global Market Report 2023 identifies the an expected increase in the women's employment rate in the forecast period is estimated to drive the market for child care. For instance, the share of women in the labor force in the USA is expected to increase by 47.2% in 2024, driving the demand for on-site childcare facilities at corporates.
The global social assistance market grew from $1,639.3 billion in 2022 to $1,723.4 billion in 2023 at a compound annual growth rate (CAGR) of 5.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, and affecting many markets across the globe. The market is expected to grow from $2,145.21 billion in 2027 at a CAGR of 5.6%.
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Major companies in the social assistance market include World Food Programme, THE SALVATION ARMY INTERNATIONAL TRUST, Unicef, Bright Horizons Family Solutions, Sanctuary Housing, KinderCare Education, Food For Poor, Goodstart Early Learning, Primrose Schools, and G8 Education.
A key trend in the Social Assistance market includes the Social assistance providers are increasingly using a data-driven approach such as big data and predictive analytics to gather insights related to social assistance services. Predictive analytics involves the use of data, statistical algorithms, and machine learning techniques to identify the likelihood of future outcomes based on historical data. Big data analytics involves extracting hidden patterns and useful information from a large set of data.
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The Social Assistance market is segmented -
1) By Type: Child Day Care Services, Community And Individual Services
2) By Mode: Online, Offline
3) By Application: Food Stamp Program, Disaster Relief Services, Adoption Services, Self-help
Subsegments Covered: Baby And Child Day Care Centers, Pre-Kindergarten And Preschool Centers, Nursery Schools, Community Food, Housing, And Relief Services, Individual And Family Services
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Western Europe was the largest region in the Social Assistance market.
The Business Research Company's "Global Social Assistance Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Social Assistance Market Include:
1. Executive Summary
2. Social Assistance Market Characteristics
3. Social Assistance Market Trends And Strategies
4. Social Assistance Market - Macro Economic Scenario
5. Social Assistance Market Size And Growth
……
27. Social Assistance Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Social Assistance Market
29. Social Assistance Market Future Outlook and Potential Analysis
30. Appendix
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