Civic Services Market Anticipated To Grow Steadily, Supported By Demand Drivers And Key Industry Trends.
What Is The Present Market Size Of The Civic Services Market, And At What Annual Growth Rate Is It Expanding?
The civic services market size has grown strongly in recent years. It will grow from $1129.72 billion in 2024 to $1188.35 billion in 2025 at a compound annual growth rate (CAGR) of 5.2%. The growth in the historic period can be attributed to population growth, urbanization, government initiatives, infrastructure development.
The civic services market size is expected to see strong growth in the next few years. It will grow to $1457.03 billion in 2029 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to digital transformation, aging population, sustainability and green practices, healthcare innovation, education technology. Major trends in the forecast period include digital transformation of government, sustainability and green practices, healthcare innovation, education technology, smart cities.
Claim Your Free Report Sample Today:
https://www.thebusinessresearchcompany.com/sample.aspx?id=1943&type=smp
Which Major Drivers Are Strengthening Demand In The Civic Services Market?
The growth in NGOs (non-governmental organization) and charitable organizations is expected to drive the growth of the civic services market. NGOs and charitable organizations are independent from government control that operates on a not-for-profit level. The growth in NGOs and charitable organizations market leads to growth in donations, which supports the growth of the civic services market. For example, the number of people worldwide donating money to NGOs is expected to grow to 2.5 billion by 2030 from 1.4 billion in 2014. Further, the global NGOs and charitable organizations market is expected to grow from $288.97 billion in 2022 to $369.21 billion in 2027. Therefore, the growth in NGOs and charitable organizations is expected to drive the growth of the civic services market.
How Is The Civic Services Market Divided Across Its Major Segment Categories?
The civic servicesmarket covered in this report is segmented —
1) By Type: Religious Organizations, NGOs And Charitable Organizations, Political Organizations, Unions And Associations
2) By Mode of Donation: Online, Offline
3) By Organization Location: Domestic, International
Subsegments:
1) By Religious Organizations: Churches, Temples, Mosques, Synagogues, Other Religious Institutions
2) By NGOs And Charitable Organizations: Humanitarian NGOs, Environmental NGOs, Health-Focused NGOs, Educational NGOs, Other Charitable Organizations
3) By Political Organizations: Political Parties, Political Action Committees (PACs), Electoral Campaigns, Lobbying Groups, Other Political Organizations
4) By Unions And Associations: Labor Unions, Trade Unions, Professional Associations, Social Clubs, Other Unions And Associations
Which Rising Trends Are Anticipated To Influence The Future Trajectory Of The Civic Services Market?
Major companies operating in the civic services market are focusing on developing innovative solutions, such as mobile applications for civic services, to enhance citizen engagement, streamline access to government services, and improve overall efficiency in public service delivery. A mobile application for civic services refers to a digital platform designed to facilitate interaction between citizens and their local government or civic authorities through mobile devices. For instance, in August 2023, the Municipal Corporation of Delhi (MCD), an India-based governing body, launched the ‘MCD 311’ mobile application to enhance civic services and improve citizen engagement. Inaugurated by Lt Governor Anil Baijal on August 25, 2023, the app enables residents to easily report various municipal issues, such as illegal waste disposal, potholes, and malfunctioning streetlights. Complaints will be monitored by multiple agencies to ensure timely resolutions, with a commitment to address municipal waste complaints within 24 hours. This initiative aims to foster transparency and accountability in governance while empowering citizens to actively participate in improving their urban environment.
Which Influential Players Dominate The Competitive Environment Of The Civic Services Market?
Major companies operating in the civic services market include The Southern Baptist Convention, United Nations International Children’s Emergency Fund, Feeding America, American Red Cross, Open Society Foundations, William and Flora Hewlett Foundation, Republican Party, Democratic Party, Wellcome Trust, Ford Foundation, Young Men’s Christian Association, Boys & Girls Clubs of America, American Cancer Society, The Salvation Army, World Food Programme, Rotary International, Habitat for Humanity International, Goodwill Industries International, United Way Worldwide, The Nature Conservancy, The Humane Society of the United States, The Sierra Club Foundation, The Carter Center, The Pew Charitable Trusts, The Rockefeller Foundation, The MacArthur Foundation, The Carnegie Corporation of New York, The Kresge Foundation, The Andrew W. Mellon Foundation, The John D. and Catherine T. MacArthur Foundation.
Get Your In-Depth Civic Services Market Report Now:
https://www.thebusinessresearchcompany.com/report/civic-services-global-market-report
Which Geographic Markets Are Contributing Most Significantly To The Progress Of The Civic Services Market?
Asia-Pacific was the largest region in the civic services market in 2024. North America was the second-largest region in the global civic services market. The regions covered in the civic services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Contact Us:
The Business Research Company: https://thebusinessresearchcompany.com/
Americas +1 310–496–7795
Asia +44 7882 955267 & +91 8897263534
Europe +44 7882 955267
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Comments
Post a Comment