Global NGOs And Charitable Organizations Market Report 2022 – Market Forecast, Trends And Strategies
24 Feb, 2022
The global NGOs and charitable organizations market size is expected to grow from $267.54 billion in 2021 to $291.03 billion in 2022 at a compound annual growth rate (CAGR) of 8.8%. 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 NGOs and charitable organizations market is expected to reach $390.63 billion in 2026 at a CAGR of 7.6%.
What is the Global NGOs And Charitable Organizations Market?
The NGOs and charitable organizations market consists of sales of NGO and charitable services by entities (organizations, sole traders and partnerships) that are involved in grantmaking foundations or charitable trusts and establishments primarily engaged in raising funds for a wide range of social welfare activities, such as health, educational, scientific, and cultural activities.
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What drives the Global NGOs And Charitable Organizations 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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Global NGOs And Charitable Organizations Market Segments
The global NGOs and charitable organizations market is segmented:
By Type: Trust and Foundations, Voluntary Health Organizations, Human Rights Organizations, Environment, Conservation and Wildlife Organizations, Other NGOs and Charitable Organizations
By Mode of Donation: Online, Offline
By Organisation Location: Domestic, International
By Geography: The regions covered in the NGOs and charitable organizations market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
NGOs And Charitable Organizations Global Market Report 2022provides market size and growth forecasts for the global NGOs and charitable organizations market, global NGOs and charitable organizations market share, NGOs and charitable organizations market segments and geographies, NGOs and charitable organizations market competitive landscape including leading competitors’ revenues, profiles and market shares. The NGOs and charitable organizations market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global NGOs And Charitable Organizations Industry Playersinclude Unicef, Feeding America, American Red Cross, Open Society Foundations, William and Flora Hewlett Foundation, Wellcome Trust, Ford Foundation, World Wide Fund for Nature. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.