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The global civic services market size is expected to reach $1.5 trillion by 2022, significantly growing at a CAGR of around 4.9% during the forecast period.
Civic Services Market Trends
The civic services market consists of the sales of civic services and related goods earned by entities (organizations, sole traders and partnerships) that organize and promote religious activities; support various causes through grant making; advocate various social and political causes; and promote and defend the interests of their members. A service can be defined as a transaction between a buyer and a seller without the transfer of any physical goods or commodities. Examples of civic service 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.
Mobile Technology is becoming increasingly popular to make charitable donations. Mobile technology enables civic services companies such as charitable organizations to better connect with their supporters, and raise money quickly and conveniently. Charitable organizations often encourage their supporters to make donations using mobile applications. For instance, micro-donation apps such as Instead and One Today allow users to contribute small donation amounts up to $1 per day to charitable organizations of their choice
The global civic services market is primarily driven by increased donations to faith-based, educational and health organizations, especially in the least developed and developing countries.
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The global civic services market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.
With economic growth, the expected increase in fundraising activities by educational, wildlife, environmental organizations and healthcare organizations globally, growing environmental awareness and wildlife conservation efforts and increasing popularity of online platforms for donations are expected to drive growth of the civic services market, the global civic services market is expected to increase in potential and scope. TBRC’s report also covers the civic services drivers and restraints in the market.
The global civic services market’s segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.
The top companies included in the global civic services market report are Southern Baptist churches, World Food Programme, UNICEF, The Salvation Army, Feeding America, and Bright Horizons Family Solutions.
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