Global Civic Services Market Report 2022 – Market Forecast, Trends And Strategies
23 Feb, 2022
The global civic services market size is expected to grow from $0.97 trillion in 2021 to $1.05 trillion in 2022 at a compound annual growth rate (CAGR) of 8.4%. 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 services market is expected to reach $1.39 trillion in 2026 at a CAGR of 7.2%.
What is the Global Civic Services Market?
The civic services market consists of the sales of civic services and related goods 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.
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What drives the Global Civic Services Market?
NGOs and charitable organizations are increasingly investing in customer relationship management (CRM) software to track donations and manage donor contact information. CRM software offers multiple functionalities such as email, phone, activity tracking, customer communication and others in a single system without having to use multiple software tools. CRM software also provides efficient data management and secure storage of donor contact information using cloud and encryption technology. According to the Global NGO Technology Report, 45% of the surveyed NGOs use CRM software to track donations and manage donor communications. For instance, the Bill & Melinda Gates Foundation, a charitable foundation uses SpringCM for document management and Salesforce for customer relationship management.
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https://www.thebusinessresearchcompany.com/report/civic-services-global-market-reportGlobal Civic Services Market Segments
The global civic services market is segmented:
By Type: Religious Organizations, NGOs and Charitable Organizations, Political Organizations, Unions and Associations
By Mode of Donation: Online, Offline
By Organization Location: Domestic, International
By Geography: The regions covered in the civic services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Civic Services Global Market Report 2022provides market size and growth forecasts for the global civic services market, global civic services market share, civic services market segments and geographies, civic services market competitive landscape including leading competitors’ revenues, profiles and market shares. The civic services market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Civic Services Industry Playersinclude The Southern Baptist Convention, Unicef, Feeding America, American Red Cross, Open Society Foundations, William and Flora Hewlett Foundation, Republican Party, Democratic Party, Wellcome Trust and Ford Foundation. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.