Global Civic Services Market Sees Steady Growth, Projected to Reach $1100.29 Billion in 2023

LONDON, GREATER LONDON, UK, December 5, 2023 /EINPresswire.com/ -- The global civic services market is set to witness steady growth, increasing from $1044.54 billion in 2022 to $1100.29 billion in 2023, reflecting a compound annual growth rate (CAGR) of 5.3%. the market is anticipated to reach $1312.04 billion by 2027, with a projected CAGR of 4.5%.

Key Driver: Growth in NGOs and Charitable Organizations

The expanding presence of Non-Governmental Organizations (NGOs) and charitable organizations is a significant driver for the civic services market. As independent entities operating on a not-for-profit basis, NGOs and charitable organizations contribute to the growth of the civic services market through increased donations. The global trend indicates a rise in the number of people donating to NGOs, expected to reach 2.5 billion by 2030 from 1.4 billion in 2014. The global market for NGOs and charitable organizations is also projected to grow from $288.97 billion in 2022 to $369.21 billion in 2027.

Leading Companies Shaping the Market Landscape

Major players influencing the civic services market include 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. These key companies play a crucial role in steering market dynamics and fostering growth in civic services.

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Technological Advancements: CRM Software Adoption

NGOs and charitable organizations are increasingly embracing Customer Relationship Management (CRM) software to streamline operations. CRM software enables efficient donation tracking and management of donor contact information, offering functionalities such as email, phone, activity tracking, customer communication, and more within a unified system. According to the Global NGO Technology Report, 45% of surveyed NGOs use CRM software for donation tracking and donor communications. Notable organizations like the Bill & Melinda Gates Foundation leverage CRM tools like SpringCM and Salesforce for document management and customer relationship management.

Regional Dynamics
Asia-Pacific emerged as the largest region in the civic services market in 2022, underscoring its significant market share. North America secured the second-largest position, highlighting the global distribution of the market. The comprehensive report provides detailed insights into regional dynamics, market trends, and growth opportunities.

Market Segmentation
The global civic services market is intricately segmented based on:
1. Type:
• Religious Organizations
• NGOs And Charitable Organizations
• Political Organizations
• Unions And Associations
2. Mode of Donation:
• Online
• Offline
3. Organization Location:
• Domestic
• International

Access the complete report for detailed segmentation analysis:
https://www.thebusinessresearchcompany.com/report/civic-services-global-market-report

Civic Services Global Market Report 2023 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.
The Civic Services Global Market Report 2023 by The Business Research Company is the most comprehensive report that provides insights on civic services market size, civic services market drivers and trends, civic services market major players, competitors' revenues, market positioning, and market growth across geographies. The civic services market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

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