Press release
Social Assistance Market on Track for Strong Growth, Estimated to Grow at 6.1% CAGR Through 2029
Social Assistance
What Is the Expected CAGR for the Social Assistance Market Through 2025?
In recent times, the size of the social assistance market has seen a significant increase. The market, which is predicted to expand from $1677.41 billion in 2024 to $1777.61 billion in 2025, will experience a compound annual growth rate (CAGR) of 6.0%. The advancement during the preceding period has been due to social welfare initiatives, economic conditions, an aging demographic, and healthcare provisions.
What's the Projected Size of the Global Social Assistance Market by 2029?
In the forthcoming years, the market size of social assistance is predicted to witness robust expansion. It is set to escalate to $2252.82 billion by 2029, representing a compound annual growth rate (CAGR) of 6.1%. Factors such as demographic changes, economic bounce-back and firmness, services for mental health, childcare, substance misuse and addiction contribute to this growth anticipated in the forecast period. The key trends shaping this period include digital innovation, support for mental health and wellness, early childhood education and daycare, social assistance empowered by technology, alongside community involvement and volunteering.
View the full report here:
https://www.thebusinessresearchcompany.com/report/social-assistance-global-market-report
Top Growth Drivers in the Social Assistance Industry: What's Accelerating the Market?
The predicted rise in women's employment in the forthcoming period is anticipated to propel the social assistance market. For example, the percentage of women participating in the workforce in the USA is projected to climb by 47.2% in 2024, fueling the need for on-site childcare facilities in corporations. The expansion of the on-site childcare market is also greatly backed by government measures to motivate women to work. This will directly boost the growth of the childcare market over the projected period, consequently stimulating the social assistance market.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=1949&type=smp
Which Emerging Trends Are Transforming the Social Assistance Market in 2025?
The trend of using data-centric strategies such as big data and predictive analytics is growing among social assistance providers in order to gain insight into social aid services. Predictive analytics involves utilizing data, statistical models and machine learning techniques to determine the probability of future events, using historical data as a foundation. The process of big data analytics involves discovering concealed patterns and valuable information from a vast amount of data. These methodologies assist in tracking, identifying and rectifying non-compliance while focusing on the target demographic. For example, Hillside Family of Agencies, which offers human services to youth and families, is employing predictive analytics to lower the incidence of youth dropping out of high school. The Good Samaritan Society, a non-profit organization offering senior care and services, has collaborated with IBM to utilize big data and analytics software to handle its clinical and operational data related to patients.
What Are the Main Segments in the Social Assistance Market?
The social assistancemarket covered in this report 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:
1) By Child Day Care Services: Daycare Centers, Home-based Child Care, After-school Programs, Pre-school Services
2) By Community And Individual Services: Elderly Care Services, Disability Assistance Services, Social Support For Low-income Families, Counseling And Mental Health Services, Substance Abuse Rehabilitation Services
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=1949&type=smp
Which Top Companies are Driving Growth in the Social Assistance Market?
Major companies operating in the social assistance market include United Nations World Food Program, The Salvation Army International Trustee Co, United Nations International Children's Emergency Fund, Bright Horizons Family Solutions Inc., Sanctuary Housing, KinderCare Learning Centers LLC, Food For The Poor Inc., Goodstart Early Learning Ltd., Primrose Schools, G8 Education Ltd., Young Men's Christian Association, Boys & Girls Clubs of America Inc., American Cancer Society Inc., Catholic Charities USA, Goodwill Industries International Inc., American Red Cross, Feeding America, Habitat for Humanity International Inc., United Way of America, The Nature Conservancy, Humane Society of the United States, The Trevor Project Inc., St. Jude Children's Research Hospital Inc., Big Brothers Big Sisters of America, Amyotrophic Lateral Sclerosis Association, The Michael J. Fox Foundation for Parkinson's Research, The Leukemia & Lymphoma Society Research Programs Inc., Alzheimer's Disease and Related Disorders Association Inc., American Heart Association Inc., American Lung Association, Arthritis Foundation, The Multiple Sclerosis Society of India, National Kidney Foundation of Arizona, National Breast Cancer Foundation Inc., Muscular Dystrophy Association, Cystic Fibrosis Foundation.
Which Regions Will Dominate the Social Assistance Market Through 2029?
Western Europe was the largest region in the social assistance market in 2024. Asia-Pacific was the second-largest region in the social assistance market. The regions covered in the social assistance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=1949
This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.
Speak With Our Expert:
Saumya Sahay
Americas +1 310-496-7795,
Asia +44 7882 955267 & +91 8897263534,
Europe +44 7882 955267
Email:saumyas@tbrc.info
The Business Research Company -www.thebusinessresearchcompany.com
Follow Us On:
LinkedIn:https://in.linkedin.com/company/the-business-research-company
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Social Assistance Market on Track for Strong Growth, Estimated to Grow at 6.1% CAGR Through 2029 here
News-ID: 4180214 • Views: …
More Releases from The Business Research Company
Future of the Quit Smoking Drugs Market: Strategic Analysis and Forecast to 2034
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Quit Smoking Drugs Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for quit smoking medications has seen a swift increase in recent times. It is anticipated to rise from $39.26 billion in 2024 up to $44.23 billion in 2025 with a Compound…
Booming Digital Health Fueling The Growth Of The E-Pharmacy Market: Powering Inn …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the E-Pharmacy Market Through 2025?
The expansion of the e-pharmacy market has been swift and significant in recent years, projected to rise from $109.25 billion in 2024 to $130.97 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 19.9%. Factors contributing…
Strategic Forecast for the Aptamers Industry: Market Outlook 2025-2034
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Aptamers Market Size Growth Forecast: What to Expect by 2025?
Recently, there has been an exponential growth in the aptamers market, which is projected to expand from $2.65 billion in 2024 to $3.25 billion in 2025, experiencing a compound annual growth rate (CAGR) of 22.6%. The notable growth in…
Emotional Counseling Service Market: Major Trends Reshaping the Future of the In …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Emotional Counseling Service Industry Market Size Be by 2025?
The market footprint for emotional counseling services has witnessed an explosive growth in recent years. The growth trajectory is set to continue, increasing from $3.5 billion in 2024 to a massive $4.72 billion in 2025, with a…
More Releases for Social
Social Media Management Market, Social Media Management Market Size, Social Medi …
The Social Media Management Market is growing rapidly as businesses increasingly rely on social platforms to engage with customers, build brand awareness, and drive digital marketing strategies. Social media management solutions help organizations streamline content creation, scheduling, analytics, and audience engagement across multiple platforms, enabling more efficient and effective campaigns. With the rise of data-driven marketing, these tools also provide valuable insights into user behavior, trends, and campaign performance. As…
Introducing Waby Social - The Revolutionary Social Networking Platform
Waby Social is proud to announce the launch of its highly anticipated social networking platform, designed to revolutionize the way people interact online. With a focus on user privacy, simplicity, and seamless functionality, Waby Social promises to deliver a new standard of social media experience.
Waby Social aims to address the growing concerns of privacy and security issues that have plagued the social media landscape for years. The platform is designed…
Global Social Television Market by Types (Sharing Technology, Social EPG/Content …
The Global Social Television Market is expected to reach US$ XX Million by 2026, with a CAGR of XX% from 2021 to 2026, based on a newly published report.
Global Social Television Market Overview
Social Television Market research report offers great insights of the market and consumer data and their interpretation through various figures and graphs. Global social television is a new form of television that is growing in popularity. Social television…
Customer Relationship Management (CRM) Market Report 2018: Segmentation by Socia …
Global Customer Relationship Management (CRM) market research report provides company profile for SAP, Oracle, Salesforce.com, Amdocs, IBM and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also provides detailed segmentation on the…
Very social, but not just social media
Which channels are customers’ favourites when it comes to sharing good experiences?
By: Graham Ede, Yonder Digital Group
“Twice as many people tell others about bad experiences as opposed to the good ones” do you believe in this old adage? If so, you would not be alone, however, latest research commissioned by Yonder Digital Group reveals this common perception is in fact not true.
A key game-changer has been the rise of…
Trig Social Media announces acquisition of social-commerce.co
Trig social media AB is delighted to announce acquisition of 50.5% of www.social-commerce.co and its holding company Fusion Finance with an option to acquire the remaining 49.5% toward the end of the year.
The transaction will be completed with 9 million Trig Social Media shares to be issued shortly. The price for the remaining 49.5% is performance based.
Social-commerce is a gamified gig economy platform with an affiliate component that is…
