Increasing Popularity Of Crowdfunding Platforms In The Global Civic Services Market

(LegalLaw247.com, September 06, 2018 ) The civic services industry comprises establishments that operate religious, social, and professional organizations. These establishments also offer other civic and recreational services to their members. Major examples of civic services 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.

Civic services market in this report is segmented into NGOs and charitable organizations, political organizations, unions and associations, and religious organizations.

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The global civic services market has been growing in the past years with a CAGR of almost 3.4%. TBRC’s latest report show the historic and future trends in the market for each year with sourced reasons to support the growth claims.

The report also shows the global civic services market to grow at a higher CAGR by 2021 as compared to 2017, along with geographies best suited for investments with highest return rate.

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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.

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Companies included in the report are Southern Baptist churches, World Food Programme, UNICEF, The Salvation Army, Feeding America, and Bright Horizons Family Solutions.

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