NGOs And Charitable Organizations Market Market Characteristics
The NGO's and charitable organizations market consists of the revenues of entities (organizations, sole traders and partnerships) that are establishments known as 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
Competitive Landscape of the NGOs And Charitable Organizations Market
Major players in the global NGOs and charitable organizations market include Wikimedia, BRAC, Acumen Fund, Cure Violence, Medecins Sans Frontiers
NGOs And Charitable Organizations Market Size
The NGOs and charitable organizations market size is expected to increase by 2022, significantly growing at a CAGR during the forecast period. The growth in the NGOs And charitable organizations market is due to rise in crowd funding.
However, the market for NGOs and charitable organizations market is expected to face certain restraints from several factors such as government interventions
NGOs And Charitable Organizations Market Segmentation
The global NGOs and charitable organizations market is further segmented based on type and geography.
By Type - The NGOs and charitable organizations market is segmented into trust and foundations, voluntary health organizations, human rights organizations, environment, conservation and wildlife organizations, others - NGOs and charitable organizations, among these segments, the Trust And Foundations accounts for the largest share in the global market.
By Geography - The global NGOs and charitable organizations market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the Asia-Pacific region accounts the largest share in the global NGOs and charitable organizationsmarket.
Trends in the NGOs And Charitable Organizations Market
Crowdfunding is rapidly becoming one of the most popular modes for individuals and organizations to raise money for a cause, project, or event. It is a process of raising capital through a large number of independent investors primarily via crowdfunding platforms and social networking websites. Crowdfunding includes funds raised through donation websites, online charity auctions, and giving by text. According to Massolution crowdfunding report 2015, the global crowdfunding industry expanded by 167%, from $6.1 billion in 2013 to $16.2 billion in 2014 in terms of funds raised. The industry more than doubled in 2015, reaching $34.4 billion. Crowdrise, Razoo, Causevox and Fundly are some of the prominent crowdfunding organizations.
Potential Opportunities in the NGOs And Charitable Organizations Market
With economic growth, number of NGO's also flurished, the scope and potential for the global NGOs And Charitable Organizations market is expected to significantly rise in the forecast period.