Services Industry Overview

The religious organizations market consists of sales of religious services by entities (organizations, sole traders, and partnerships) that operate religious establishments such as churches, temples, monasteries, and similar places of worship, and/or administer an organized religion or promote religious activities. This market includes donations received by religious organizations. Only goods and services traded between entities or sold to end consumers are included. The global religious organizations market is expected to grow from $317.02 billion in 2020 to $333.52 billion in 2021 at a compound annual growth rate (CAGR) of 5.2%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $409.63 billion in 2025 at a CAGR of 5.3%. The religious organizations market covered in this report is segmented by type into the public organization; private organization; individuals and by religious groups into Christians; Muslims; Hindus; others. The growth in disposable income contributes to the religious organizations market. Growth in economic conditions leads to higher disposable income that encourages individuals to participate and contribute to charity events. According to an OECD report In the United States, the average household net adjusted disposable income per capita is USD 45, 284 a year. In 2018, the United States growth in real household income outpaced growth in real GDP by 3.1 percentage points. On average, globally, individuals donate around 2% of their disposable income and an increase in disposable income results in a directly proportional increase in donations. For instance, in 2018, a 5% increase in disposable income accounted for 2.1%of gross domestic product (GDP). Therefore, the growth in disposable income drives the market for religious organizations market. There has been a marked increase in legal and political restrictions on religion around the world. The increase in the restrictions on religion is mainly due to social hostilities involving religion including violence and harassment by private individuals, organizations or groups, and government’s favoritism of religious groups. The government restricts a religion by imposing laws, policies, and actions by state officials that restrict religious beliefs and practices, or through funding for religious education, property, and clergy. For instance, in India, national and state laws (such as Freedom of Religion Acts or anti-conversion laws) are used to violate the religious freedom of minority communities. These laws have been enacted to regulate religious conversions. Moreover, religious discrimination is perceived as a direct assault on an individual’s belief system. For instance, a study of Christians in the U.S., published in SpringerLink Journal of Religion in 2018, found that perceived religious discrimination was associated with stress among individuals who perceived themselves to be members of a sociocultural (but not numeric) minority group. The use of technology is increasingly being used by religious organizations to leverage the religious organization assets for social impact. For instance, Goodlands is a start-up that is using geo-data to map the lands of the catholic church globally. It uses the geographic information system (GIS) software to make a map of the roman catholic church across the world with boundaries and layer on layer of data about the church and environmental contexts, then uses the land assets for creating new ways to channel them for social good. The major players covered in the global religious organizations market are Curves, ServiceMaster, H.E.B., Anschutz Entertainment Group, Blessings International, Mary Kay, The Salvation Army, Tom's of Maine, Samaritan's Purse, Feeding America, Food For The Poor. The countries covered in the global religious organizations market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The regions covered in the global religious organizations market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global religious organizations market is segmented - 1) By Type: Public Organization, Private Organization, Individuals 2) By Religous Groups: Christians, Muslims, Hindus, Others

The consumer electronics repair and maintenance market consists of sales of consumer electronics repair and maintenance services by entities (organizations, sole traders and partnerships) that are engaged in repairing and maintaining consumer electronics such as televisions, stereos, speakers, video recorders, CD and DVD players, radios, and cameras, without retailing new consumer electronics. Only goods and services traded between entities or sold to end consumers are included. The global consumer electronics repair and maintenance market is expected to grow from $15.11 billion in 2020 to $16.44 billion in 2021 at a compound annual growth rate (CAGR) of 8.8%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $22.17 billion in 2025 at a CAGR of 7.8%. The consumer electronics repair and maintenance market covered in this report is segmented by type into consumer electronics; home appliances; medical equipment; industrial equipment. An increase in equipment failure rates and cost benefits of repairing old equipment rather than disposing of them are expected to drive the consumer electronics repair and maintenance market. The branded and non-branded low-cost products regularly flood the market and need repair in some time as they are made with poor quality material or due to regular maintenance. However, research suggests that companies are now taking a different approach, which is building products that could be easily repaired for use as fixing an issue in a gadget is always a cost-effective solution than buying a new one, thereby enhancing the trust of the customer. Customers tend to buy and refer the products of the company that offers repair manual, spare parts and provide assistance and guidance on fixing the product. Apple has begun assembling the older iPhone in India. Companies like iFixit and Repair Cafe are bringing people together to work for repairing devices. The European Commission is all set to discuss eco-design regulation for smartphones from 2021, including access to spare parts and repair information. The COVID-19 pandemic has significantly impacted the consumer electronics repair and maintenance industry as governments across the globe have imposed lockdowns and put restrictions on non-essential services to prevent the spread of the virus. Repair and maintenance services hugely depend on labor and the availability of labor during this pandemic is a big challenge. The repair industry across countries such as US, the UK, Germany, Italy, the Middle East and India have also witnessed an increase in labor cost due to labor shortages in the lockdown. The repairing industry, in general, fixes around 25 million electronic appliances in a month, but due to lockdown and social distancing norms, the products are expected to pile up for repair. Besides, the supply chain disruptions in various countries have made it difficult to find spare components for mobile and other electronic appliances making consumers wait longer for availing services. Major players in the market are Encompass Supply Chain Solutions Inc, Electronix Services, iCracked Inc, Mendtronix Inc, Moduslink Global Solutions, MicroFirst Gaming Inc, Quest International, Inc, The Cableshoppe Inc, uBreakiFix, B2X CARE SOLUTIONS GMBH. The major players covered in the global consumer electronics repair and maintenance market are Encompass Supply Chain Solutions Inc, Electronix Services, iCracked Inc, Mendtronix Inc, Moduslink Global Solutions, MicroFirst Gaming Inc, Quest International, Inc, The Cableshoppe Inc, uBreakiFix, B2X CARE SOLUTIONS GMBH, Redington Services, Repair World Direct. The countries covered in the global consumer electronics repair and maintenance market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The regions covered in the global consumer electronics repair and maintenance market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global consumer electronics repair and maintenance market is segmented - 1) By Type: Consumer Electronics, Home Appliances, Medical Equipment, Industrial Equipment 2) By Service Type: In-warranty, Out of Warranty 3) By End User: Industrial/Commercial, Residential

The market for the environment, conservation, and wildlife organizations consist of sales of environment, conservation, and wildlife services by entities (organizations, sole traders, and partnerships) that are engaged in promoting the preservation and protection of the environment and wildlife. These organizations address issues related to air and water management, global warming, and natural resources. The market consists of revenue generated by organizations from providing these services. The global environment, conservation and wildlife organizations market is expected to grow from $21.78 billion in 2020 to $22.18 billion in 2021 at a compound annual growth rate (CAGR) of 1.8%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $28.41 billion in 2025 at a CAGR of 6.4%. The environment, conservation and wildlife organizations market covered in this report is segmented by type into land resources conservation; natural resource conservation; wildlife preservation and protection; energy conservation and development; environmental beautification; forest resources; wildlife sanctuaries; botanical gardens; native plant societies; others. The growing concern on the extinction of species is driving the growth of the environment, conservation, and wildlife organizations market. The wildlife conservation organizations are collaborating with local governments, businesses, and individuals to preserve and save biodiversity. These organizations are funded by foundations, individuals, and corporates in several ways. In 2019, the International Union for Conservation of Nature (IUCN) stated that 28,338 out of 105,732 species included in the assessment are threatened with extinction. In 2018, WHO stated that 250,000 additional deaths are expected due to climatic changes between 2030 and 2050. Several organizations and individuals are donating to save and preserve the natural habitat. In February 2020, Jeff Bezos from Amazon announced plans to donate $10 billion to support a global initiative that will fund scientists, activists, and NGOs to protect the planet. Similarly, in January 2019, Hansjörg Wyss donated $1 billion for Hansjorg ocean conservation around the world. Therefore, such initiatives are expected to drive the growth of the environment, conservation, and wildlife organizations market. The growing technological advancement in the conservation of wildlife is shaping the environment, conservation, and wildlife organizations market. Major organizations are focusing on creating innovative technology solutions for the environmental, conservation, and wildlife organizations market. For instance, in 2019, Resolve, the conservation nonprofit organization, developed an AI-powered camera system called TrailGuard AI, which is powered by Intel’s Movidius technology, to address the issues of poaching in The Serengeti National Park in Tanzania, which is spread over a vast area. This device helps identify humans, animals, and vehicles with high accuracy by using its deep neural network algorithms, and alerts park rangers by allowing them to respond before poachers can strike. The major players covered in the global environment, conservation and wildlife organizations market are Nature Conservancy, World Wildlife Fund, Natural Resources Defense Council, Sierra Club, Wildlife Conservation Society, Oceana, Conservation International, National Audubon Society, Jane Goodall Institute, Royal Society for the Protection of Birds, Jane Goodall Foundation, Defenders of Wildlife, Gorilla Doctors, Earth System Governance Project (ESGP), Global Environment Facility (GEF), Global Green Growth Institute, KIMO (Local Authorities International Environmental Organisation), Intergovernmental Panel on Climate Change (IPCC), International Union for Conservation of Nature (IUCN), United Nations Environment Programme (UNEP), World Nature Organization (WNO), World Food Programme, International Whaling Organization, Bio-carbon Fund initiative, Arctic Council, American Bird Conservancy (ABC), Fin Free, International Fund For Animal Welfare (IFAW), National Wildlife Federation (NWF). The countries covered in the global environment, conservation and wildlife organizations market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The regions covered in the global environment, conservation and wildlife organizations market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global environment, conservation and wildlife organizations market is segmented - 1) By Type: Land Resources Conservation, Natural Resource Conservation, Wildlife Preservation and Protection, Energy Conservation and Development, Environmental Beautification, Forest Resources, Wildlife Sanctuaries, Botanical Gardens, Native Plant Societies, Others 2) By Mode of Donation: Online, Offline 3) By Organization Location: Domestic, International

The human rights organizations market consists of revenue generated through human rights services by entities that are engaged in promoting causes associated with human rights either for a broad or a specific constituency. Establishments in this industry address issues such as protecting and promoting broad constitutional rights and civil liberties of individuals and those suffering from neglect, abuse, or exploitation, promoting the interests of specific groups such as children, women, senior citizens, or persons with disabilities, improving relations between racial, ethnic, and cultural groups, and promoting voter education and registration. The global human rights organizations market is expected to grow from $15.49 billion in 2020 to $15.56 billion in 2021 at a compound annual growth rate (CAGR) of 0.5%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $18.91 billion in 2025 at a CAGR of 5%. The human rights organizations market covered in this report is segmented by type of organizations into nongovernmental organizations; intergovernmental organizations; governmental organizations; international organizations and by application into all humans; children; women; disabled; LGBTQ; others. The rise in hate crimes is expected to drive the human rights organizations market. Hate crime is a form of criminal violence upon a person or property, caused in whole or in part by an offender’s bias against a race, religion, disability, sexual orientation, ethnicity, gender, or gender identity. As per the annual report of FBI published in 2019, physical attacks against individuals have risen, accounting for 61% of the 7,120 cases reported by law enforcement authorities nationally as hate crimes in the USA. Government and non-governmental organizations aim to curb the abuses that challenge people's human rights, which further aids in the growth of the human rights organizations market. Increasing attacks against human rights defenders are anticipated to hinder the human rights organization market. Attacks against human rights organizations that strive to safeguard human rights are rising at an alarming rate. For instance, in 2019, the Business and Human Rights Resource Center has tracked around 572 attack cases that were related to business-related activities, which is up from 492 cases in 2018. These attacks cause a sense of fear and timidness among individuals who work for human rights protection and challenges human rights protection activities, which thereby impedes the growth of the market. Organizations and human rights defenders are working towards protecting the digital human rights of individuals. According to the Pew Research poll of US adults in November 2019, the majority of Americans consider their online and offline activities are being tracked and monitored by companies and the government. Data collection has become mainstream that it breaches the privacy of individuals as everything is being tracked over the internet. To safeguard the interests of individuals using digital technology, human rights organizations are spreading awareness and are fighting to bring laws into place. In September 2020, Alwaleed Philanthropy, a charitable and philanthropic organization founded with a mission to help mitigate poverty and transcend international boundaries, has joined the Saudi Human Rights Commission to sign a memorandum of cooperation aimed at improving the protection of human rights of women and young people in Saudi Arabia. The Saudi Human Rights Commission is a Saudi government organization working for the protection and promotion of human rights in line with international standards. The major players covered in the global human rights organizations market are Amnesty International, Human Rights Watch, Civil Rights Defenders, Human Rights Without Frontiers International, Physicians for Human Rights, Anti-Slavery International, Global Rights, UN Watch, European Centre for Minority Issues, International Federation for Human Rights. The countries covered in the global human rights organizations market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The regions covered in the global human rights organizations market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global human rights organizations market is segmented - 1) By Type of Organizations: Nongovernmental Organizations, Intergovernmental Organizations, Governmental Organizations, International Organizations 2) By Application: All Humans, Children, Women, Disabled, LGBTQ, Others 2) By Mode of Donation: Online, Offline 3) By Organization Location: Domestic, International

The parking lots and garages market consists of sales of parking lots and garages services by entities (organizations, sole traders and partnerships) that are engaged in operating parking lots and parking garages. These establishments provide temporary parking services for motor vehicles, usually on an hourly, daily, or monthly basis. Only goods and services traded between entities or sold to end consumers are included. The global parking lots and garages market is expected to grow from $85.97 billion in 2020 to $94.82 billion in 2021 at a compound annual growth rate (CAGR) of 10.3%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $118.98 billion in 2025 at a CAGR of 5.8%. The parking lots and garages market covered in this report is segmented by type into airport parking and garages; events and venues (stadiums for sporting events); healthcare parking; hospitality parking; municipal parking; office parking; university parking; retails parking; residential parking. The lack of sufficient parking due to rising motor vehicles use in developing economies is expected to drive the global parking lots and garages market. Market liberalization has caused a severe increase in transport, one of the important economic sectors, and its operational efficiency, which in turn has led to increased stagnant traffic in cities. For instance, in India, the average volume of traffic related to parking during peak time can reach 30%–50% of total traffic according to a research study published by the Journal of Traffic and Transportation Engineering. The commuters in Indian cities spend over 80 hours a year to look for parking space due to the lack of parking spaces in Indian cities amid a growing population of vehicles. The imbalance between parking supply and parking demand due to the increasing use of vehicles in developing economies is driving the market. Expensive parking spaces are expected to hinder the global parking lots and garages market. For instance, according to Parkopedia’s global parking index 2019, the average regular parking cost for 2-hour off-street parking in New York is $34.94 per day, $14.61 in Amsterdam, and $17.33 in Hong Kong. In Australia, daily parking costs around $54 and $24 for 2-hour parking. Motorists often get frustrated due to the expensive parking cost as most of the time they end up paying for the time they do not use. Also, the small parking spaces and poor parking services add to their irritation. To cut the parking prices and other issues associated with it, people try to avoid using personal vehicles, windup their works in a short time that hampers their daily work targets, or decide to park elsewhere risking the safety of their vehicle. The wireless smart parking sensor for detecting parking space occupancy is an emerging trend in the global parking lots and garages market. The Parking Lot Sensor (PLS) senses and records occupancy of parking space, allowing active parking lots management functionality such as search, navigation, and reservation. The sensors help in the effective management of parking spaces in cities. For instance, BOSCH recently launched a parking lot sensor that utilizes the LoRaWAN protocol for wireless communication. This sensor helps in guided and regulated parking, which removes traffic limitations. In April 2019, Laz Parking acquired Professional Parking, a California shuttle company for an undisclosed amount. Professional Parking with over 50 shuttles in its fleet, provides services to universities, municipal accounts, and seasonal deals. Laz Parking is the fastest-growing and second-largest parking and mobility company headquartered in the United States. The major players covered in the global parking lots and garages market are SP Plus Corporation, LAZ Parking Ltd. LLC, ABM Industries Inc, Ace Parking Management Inc, Diamond Parking, Lanier Parking, TPS Parking, Impark, Indigo, Park24, Wilson Parking. The countries covered in the global parking lots and garages market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The regions covered in the global parking lots and garages market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global parking lots and garages market is segmented - 1) By Type: Airport Parking And Garages, Events And Venues (Stadiums For Sporting Events), Healthcare Parking, Hospitality Parking, Municipal Parking, Office Parking, University Parking, Retails Parking, Residential Parking 2) By Site: Off Street, On Street 3) By Technology: Smart Parking using IoT, Automation

The political organizations market consists of revenue generated through political services by entities (organizations, sole traders and partnerships) that are engaged in promoting the interests of national, state, or local political parties or candidates. This market includes political groups organized to raise funds for a political party or individual candidates. Only goods and services traded between entities or sold to end consumers are included. The global political organizations market is expected to grow from $8.67 billion in 2020 to $9.25 billion in 2021 at a compound annual growth rate (CAGR) of 6.7%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $12.61 billion in 2025 at a CAGR of 8.1%. The political organizations market covered in this report is segmented by organization into national; regional and by scope and services into campaign organizations; constituency associations; local political organization; political action committees (PACs); political campaign organizations; political organizations and clubs; political parties; riding association. The initiatives taken by political organizations to improve the support from businesses in the region drive the market. The Indian government launched a Make in India initiative to bring in businesses into the country to boost economic activity and create jobs. Such initiatives will help businesses to expand their revenue streams and, in turn, encourage businesses to support the political organizations by funding them. Social media platforms are increasingly being used by political organizations for campaigning. The utilization of social media is viable in reaching out to young voters. There are various ways by which a political party can conduct social media campaigns such as engaging with the public through live video, asking questions on social media such as Twitter and Facebook, being active on social platforms by posting daily updates of their political work, and many more. For instance, in the ongoing US presidential election campaign, the two candidates are paying millions of dollars to Facebook and Google ads to increase their visibility in the perspective of the users to increase their chances of a win in the November 2020 elections. In October 2020, the Mizoram People’s Conference (MPC), a regional political party in Mizoram, merged with People’s Representation for Identity and Status of Mizoram (PRISM) to form the People’s Conference Party. The new party formed after the merger will work towards fulfilling the aspirations of underprivileged people in the region. PRISM was an anti-corruption watchdog before becoming the political party for the 2018 state polls. The major players covered in the global political organizations market are Democratic Party, Republican Party, Communist Party of China, Bharatiya Janata Party, Indian National Congress, Justice and Development Party, Pakistan Tehreek-e-Insaf, United Socialist Party of Venezuela, Workers' Party of Korea, United Russia. The countries covered in the global political organizations market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The regions covered in the global political organizations market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global political organizations market is segmented - 1) By Organization: National, Regional 2) By Scope and Services: Campaign Organizations, Constituency Associations, Local Political Organization, Political Action Committees (PACs), Political Campaign Organizations, Political Organizations And Clubs, Political Parties, Riding Association 2) By Mode of Donation: Online, Offline 3) By Organization Location: Domestic, International

The trust and foundations market consists of sales of trust and foundations services by entities (organizations, sole traders and partnerships) that operate grant-making foundations or charitable trusts. Only goods and services traded between entities or sold to end consumers are included. The global trust and foundations market is expected to grow from $160.28 billion in 2020 to $164.9 billion in 2021 at a compound annual growth rate (CAGR) of 2.9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $220.12 billion in 2025 at a CAGR of 7.5%. The trust and foundations market covered in this report is segmented by type into grantmaking non-profit; public foundation; corporate foundation; company-sponsored foundation; grantmaking public charities; independent foundations; community foundation; private family foundation; arts foundation; operating foundations. An increase in charity by people to several foundations is driving the market of trust and foundations. People are coming forward to help others in difficult times by providing with any kind of assistance that can ease the life of the needy. According to the statistics provided by the National Philanthropic Trust (NPT), approximately 90% of high net worth households give charity. NPT statistics show that Americans gave $449.64 billion to charity in 2019, which is a 5.1% increase from 2018. Around 69% of total giving came from individuals and around 17% from foundations. Therefore, an increase in charity by individuals, family, and personal foundations helps in driving the growth trust and foundation market. Funds are collected from generous individuals and also some companies as part of their Corporate Social Responsibility (CSR) activity. Help Age India, an Indian non-profit organization, helps senior citizens who do not have any support with such funds. The organization advocates for their necessities such as quality medical services, action against elder abuse, and many other activities at a public, state and cultural level with Central and State governments. In 2018, Help Age India conducted the largest healthcare program across India. It provided cataract surgeries to the elderly. There is an increase in NGOs catering to climate change activism as this is a widespread issue affecting several people and communities. Young people around the world are majorly elevating their voices on the issue if environmental change. From Greta’s movement, ‘Fridays for Future’ to the Madrid Climate Change Conference, all are focused on directing the attention towards climate change. For instance, the United Nations carries out its efforts to protect the environment with the help of the UN Environment Programme (UNEP) and the World Meteorological Organization (WMO). Another organization working in the direction of climate change is the Green Climate Fund that helps by providing financial assistance to the projects directed towards protecting the environment. The issue related to NGOs acting as a cover for illegal activities is expected to limit the growth of the trust and foundations market. The involvement of trust and foundations in illegal activities creates a negative image in society leading to the loss of confidence. For instance, in August 2020, it has been reported by New Vision that more than 200 refugee NGOs were operating illegally in Uganda. It was reported that these refugee settlements are operating without valid permits and valid memorandum of understandings (MOUs). When the verification was done, it was found that only 69 partners were fully authorized to implement requests response activities and around 208 were illegal. Therefore, this kind of event causes trust issues, which restrict the growth of the trust and foundations market. The major players covered in the global trust and foundations market are United Way Worldwide, Feeding America, Task Force for Global Health, Salvation Army, American National Red Cross, St. Jude Children's Research Hospital, Americares Foundation, Food for the Poor, United States Fund for UNICEF, MAP International, Mount Sinai Health Systems, Save the Children Federation, Mayo Clinic, Bill and Melinda Gates Foundation, Open Society Foundations, Ford Foundation, William and Flora Hewlett Foundation , Children’s Investment Fund Foundation,  United Nations Foundation, John D and Catherine T Macarthur Foundation, Conrad N. Hilton Foundation, Rockefeller Foundation, Gordon and Betty Moore Foundation. The countries covered in the global trust and foundations market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The regions covered in the global trust and foundations market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global trust and foundations market is segmented - 1) By Type: Grantmaking non-profit, Public Foundation, Corporate Foundation, Company-sponsored Foundation, Grantmaking Public Charities, Independent Foundations, Community Foundation, Private Family Foundation, Arts Foundation, Operating Foundations 2) By Type of Donors: Small Scale Donor, Mid Scale Donor, Major Donors 3) By Frequency of Donation: Recurring Donors, Lapsed Donors, New Donors

The voluntary health organizations market consists of sales of voluntary health services by entities (organizations, sole traders and partnerships) that are engaged in raising funds for health-related research such as disease prevention (heart disease, cancer, diabetes, and others), health education, and patient services. Only goods and services traded between entities or sold to end consumers are included. The global voluntary health organizations market is expected to grow from $46.28 billion in 2020 to $47.61 billion in 2021 at a compound annual growth rate (CAGR) of 2.9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $63.5 billion in 2025 at a CAGR of 7.5%. The voluntary health organizations market covered in this report is segmented by mode of donation into online donation; offline donation. Increased voluntary contributions are expected to drive the demand for the voluntary health organizations market. Voluntary health organizations generate their revenue primarily from voluntary contributions from the general public, which are to be used for general or specific purposes that are connected with health, welfare, or community services. For instance, the total voluntary contributions to the WHO (World Health Organization) in 2018 amounted to $2.2 billion. Additionally, WHO received $615 million in 2018 for the outbreak and crisis response. Therefore, a growing number of voluntary contributions from the general public are predicted to fuel the demand for the voluntary health organizations market. High administrative costs associated with voluntary health organizations are limiting the growth of the voluntary health organizations market. Voluntary health organizations require funds to keep their organization running. A percent of the amount received through funding is spent on staff, IT services (associated with proper infrastructure and operations), building utilities, legal services, other office supplies, and maintenance. Each organization allocates a percent to administrative costs. According to the Center for American Progress's press release in April 2019, in the USA, the administrative spending for non-profit institutions was 25% of the total spending of the institution. However, in some cases, the high administrative costs indicate fraud or unwarranted expenditures by some organizations. Most of the donors would prefer to see their philanthropic donations go directly to an organization’s core mission, rather than to administrative expenses, and such high and unwarranted expenditures would affect their willingness to donate. Therefore, the high administrative costs associated with voluntary health organizations are likely to hinder the voluntary health organizations' market growth. Introduction to online fundraising is gaining popularity in the voluntary health organizations market. Major players operating in the industry are highly focused on introducing digital philanthropy which is widely favorable among donors (and the non-profits they support). For instance, non-profits have reported a 77% increase in online revenue over the past 5 years with email messaging driving 13% of online giving. Also, in 2018, 8.5% of overall fundraising was received through online channels. On average, non-profits raised $1.77 through Facebook for every $100 of total online revenue in 2018. In August 2020, Cone Health, a not-for-profit health care network serving people in Alamance, Forsyth, Guilford, Randolph, Rockingham, and surrounding counties, planned to merge with Sentara Healthcare. With the merger of Sentara Healthcare, Cone Health plans to create a combined organization with a unique value-based approach that is focused on keeping people healthy and well, while providing high-quality, accessible, and affordable health care in more ways and more places. Sentara Healthcare is a US-based not-for-profit health system company operating in North Carolina and Virginia, with 12 hospitals, outpatient care centers, imaging centers, and more. The major players covered in the global voluntary health organizations market are Mercy Ships, American Heart Association, Angelwood, Valley Aids Council, March of Dimes, Amyotrophic Lateral Sclerosis Association, American Lung Association, Muscular Dystrophy Association, Center Industries, AccessCNY, American College Of Cardiology Foundation, American Diabetes Association, Arizona Partnership For Immunization, Arc Of Nepa, Acadiana Concern For Aids Relief, Mains'l California, Maui Family YMCA, Parkview Huntington Family Young Men's Christian Association. The countries covered in the global voluntary health organizations market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The regions covered in the global voluntary health organizations market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global voluntary health organizations market is segmented - 1) By Mode Of Donation: Online Donation, Offline Donation 2) By Organization Type: Multilateral Organizations, Bilateral Single Government Agency, Non-Governmental