Global Social Assistance Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Social Assistance Market Report by The Business Research Company covers social assistance market drivers and restraints, social assistance market size, major players, and the impact of COVID-19 on the social assistance market.
The social assistance market consists of the revenues from social assistance services by entities (organizations, sole traders and partnerships) that provide social assistance services such as child day care services, community food housing and relief services, vocational rehabilitation services and individual and family services. These services do not include residential or accommodation services, except on a short-day basis. The social assistance market is segmented into child day care services and community and individual services.
An expected increase in the women employment rate in the forecast period is estimated to drive the market for child care.
The global social assistance market is expected to grow from $1286.48 billion in 2020 to $1431.43 billion in 2021 at a compound annual growth rate (CAGR) of 11.3%. The growth 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 market is expected to reach $1959.29 billion in 2025 at a CAGR of 8%.
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Some social assistance market trends include social assistance providers increasingly using data-driven approaches such as big data and predictive analytics to gather insights related to social assistance services. Predictive analytics involves the use of data, statistical algorithms and machine learning techniques to identify the likelihood of future outcomes based on historical data. Big data analytics involves extracting hidden patterns and useful information from a large set of data. These techniques help in reporting, detecting, or correcting a non-compliance while monitoring target population.
Global social assistance market segments include:
1) By Type: Child Day Care Services, Community And Individual Services.
Subsegments Covered: Baby And Child Day Care Centers, Pre-Kindergarten And Preschool Centers; Nursery Schools, Community Food, Housing, And Relief Services, Individual And Family Services.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Western Europe accounts for the largest global social assistance market share.
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The Social Assistance Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides social assistance market overviews, analyzes and forecasts market size, share, social assistance market players, social assistance market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The social assistance market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Social Assistance Global Market Report 2021: COVID-19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: Bill & Melinda Gates Foundation, World Food Programme, Unicef, The Salvation Army, Feeding America.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The social assistance Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The social assistance Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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