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Civic Services Market Trends, Business Growth And Major Players And Forecast To 2033
The new report published by The Business Research Company, titled Civic Services Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.As per the report, the civic services market size has grown strongly in recent years. It will grow from $1123.7 billion in 2023 to $1185.45 billion in 2024 at a compound annual growth rate (CAGR) of 5.5%. The civic services market size is expected to see strong growth in the next few years. It will grow to $1447.98 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%.
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Rising Role Of Ngos And Charities Fueling The Civic Services Market
The growth in NGOs (non-governmental organization) and charitable organizations is expected to drive the growth of the civic services market. NGOs and charitable organizations are independent from government control that operates on a not-for-profit level. The growth in NGOs and charitable organizations market leads to growth in donations, which supports the growth of the civic services market. For example, the number of people worldwide donating money to NGOs is expected to grow to 2.5 billion by 2030 from 1.4 billion in 2014. Further, the global NGOs and charitable organizations market is expected to grow from $288.97 billion in 2022 to $369.21 billion in 2027. Therefore, the growth in NGOs and charitable organizations is expected to drive the growth of the civic services market.
Ngos And Charities Embrace Crm Software Optimizing Donor Management
NGOs and charitable organizations are increasingly investing in customer relationship management (CRM) software to track donations and manage donor contact information. CRM software offers multiple functionalities such as email, phone, activity tracking, customer communication, and others in a single system without having to use multiple software tools. CRM software also provides efficient data management and secure storage of donor contact information using cloud and encryption technology. According to the Global NGO Technology Report, 45% of the surveyed NGOs use CRM software to track donations and manage donor communications. For instance, the Bill & Melinda Gates Foundation, a charitable foundation uses SpringCM for document management and Salesforce for customer relationship management.
The civic services market covered in this report is segmented -
1) By Type: Religious Organizations, NGOs And Charitable Organizations, Political Organizations, Unions And Associations
2) By Mode of Donation: Online, Offline
3) By Organization Location: Domestic, International
Subsegments Covered:, Trust And Foundations, Voluntary Health Organizations, Human Rights Organizations, Environment, Conservation And Wildlife Organizations, Other NGOs And Charitable Organizations, Civic And Social Organizations, Business Associations, Professional Organizations, Labor Unions And Similar Labor Organizations, Political Organizations, Other Political Organizations, Unions And Associations
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Major companies operating in the civic services market include The Southern Baptist Convention, United Nations International Children's Emergency Fund, Feeding America, American Red Cross, Open Society Foundations, William and Flora Hewlett Foundation, Republican Party, Democratic Party, Wellcome Trust, Ford Foundation, Young Men's Christian Association, Boys & Girls Clubs of America, American Cancer Society, The Salvation Army, World Food Programme, Rotary International, Habitat for Humanity International, Goodwill Industries International, United Way Worldwide, The Nature Conservancy, The Humane Society of the United States, The Sierra Club Foundation, The Carter Center, The Pew Charitable Trusts, The Rockefeller Foundation, The MacArthur Foundation, The Carnegie Corporation of New York, The Kresge Foundation, The Andrew W. Mellon Foundation, The John D. and Catherine T. MacArthur Foundation.
Contents of the report:
1. Executive Summary
2. Civic Services Market Report Structure
3. Civic Services Market Trends And Strategies
4. Civic Services Market - Macro Economic Scenario
5. Civic Services Market Size And Growth
…..
27. Civic Services Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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