Global Civic and Social Organizations Market
Dublin, July 08, 2022 (GLOBE NEWSWIRE) -- The "Civic And Social Organizations Global Market Report 2022 by Products and Services, Type, Mode of Donation, Organisation Location" report has been added to ResearchAndMarkets.com's offering.
The global civic and social organizations market is expected to grow from $55.96 billion in 2021 to $59.56 billion in 2022 at a compound annual growth rate (CAGR) of 6.4%. The market is expected to reach $72.84 billion in 2026 at a CAGR of 5.2%.
The civic and social organizations market consists of sales of civic and social services by entities (organizations, sole traders, and partnerships) that are engaged in promoting the civic and social interests of their members. Establishments in this industry may operate bars and restaurants for their members. Only goods and services traded between entities or sold to end consumers are included.
The main types of civic and social organizations are academia, activist groups, charities, clubs, community foundations, community organizations, consumer organizations, cooperatives and others. Academia relates to all academics in a region or country, as well as the institutions where they operate and the activities they do.
The different products and services include membership services, prepared meals and beverages, gaming services, rental of nonresidential space, private gifts, grants and donations, government grants and support, others and involves various modes of donations such online, offline. The several organization locations include domestic and international.
Increasing donations from corporates is driving the civic and social organizations market. Sponsorships from corporates are great sources of funding for these organizations to promote and fulfil the needs of society. These donations come in various forms such as philanthropic, event sponsorship, cause marketing, pro bono, matching gifts, paid release, in-kind gifts, and check-out campaigns.
For instance, in April 2021, The Ithaca, a New York-based online fundraising tool for nonprofits had assisted over 40,000 organisations in raising over $2 billion. During civic Giving Days in August 2020, it facilitated a record-breaking $124 million in donations.
Moreover, in June 2020, BMO Financial Groups, a financial service provider, announced plans to donate $1 million to a number of organizations in North America that provide support to social and racial justice, and inclusion. The increase in donations from corporates is positively impacting the growth of the civic and social organizations market.
Developing applications to engage the youth in sharing community issues is a major trend in the civic and social organizations market.
Key Topics Covered:
1. Executive Summary
2. Civic And Social Organizations Market Characteristics
3. Civic And Social Organizations Market Trends And Strategies
4. Impact Of COVID-19 On Civic And Social Organizations
5. Civic And Social Organizations Market Size And Growth
5.1. Global Civic And Social Organizations Historic Market, 2016-2021, $ Billion
5.2. Global Civic And Social Organizations Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Civic And Social Organizations Market Segmentation
6.1. Global Civic And Social Organizations Market, Segmentation By Products and Services