The global civic and social organizations market size 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 growth in the market 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 civic and social organizations market is expected to reach $72.84 billion in 2026 at a CAGR of 5.2%.
What is the Global Civic And Social Organizations Market?
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.
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What drives the Global Civic And Social Organizations Market?
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 organizations 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.
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Global Civic And Social Organizations Market Segments
The global civic and social organizations market is segmented:
By Products and Services: Membership Services, Prepared Meals and Beverages, Gaming Services, Rental of Nonresidential Space, Private Gifts, Grants and Donations, Government Grants and Support, Others
By Type: Academia, Activist Groups, Charities, Clubs, Community Foundations, Community Organizations, Consumer Organizations, Cooperatives, Others
By Mode of Donation: Online, Offline
By Organization Location: Domestic, International
By Geography: The regions covered in the civic and social organizations market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Civic And Social Organizations Global Market Report 2022provides market size and growth forecasts for the global civic and social organizations market, global civic and social organizations market share, civic and social organizations market segments and geographies, civic and social organizations market competitive landscape including leading competitors’ revenues, profiles and market shares. The civic and social organizations market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Civic And Social Organizations Industry Playersinclude The Boy Scouts of America, Boys and Girls Club of America, The Young Men’s Christian Association, Rotary Club, Beacon Hill Civic Association Community Corner, Lions Club International, Civic Nation, Campus Vote Project, Andrew Goodman Foundation, Nonprofit Vote, American Association of State Colleges and Universities, HeadCount, Hispanic Association Of Colleges And Universities, Congressional Award Foundation, Atlanta Downtown Improvement District Inc, Society For Public Health Education, National Association Of Government Communicators and Ethics and Compliance Officer Association. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
