Global Social Services Market Overview And Prospects
Learn about the global social services market through The Business Research Company, which provides information on social services market size, social services market drivers and restraints, social services market players, the COVID-19 impact on the social services market, and more.
The global social services market size is expected to grow from $4422.02 billion in 2021 to $4918.06 billion in 2022 at a compound annual growth rate (CAGR) of 11.2%. 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 social services market is expected to reach $7250.40 billion in 2026 at a CAGR of 10.2%.
Training social service employees for autism child care counsellors, number of therapists and psychologists will increase and they are expected to serve more individuals and eventually generate more revenues.
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The social services market consists of the revenues generated from services and related goods by entities (organizations, sole traders and partnerships) that provide benefits and facilities relating to food supplies, education, health care, disaster relief activities and housing services and are offered by private or government establishments to improve the living conditions and social well-being of under privileged children, disabled, elderly and the poor in a community.
Global Social Services Market Segments Include:
By Type: Educational Services, Social Assistance
By Type of Operator: Public Operator, Private Operator
By Mode: Online, Offline
Subsegments Covered: Other Educational Services, Colleges, Universities, and Professional Schools, Elementary and Secondary Schools, Child Day Care Services, Community and Individual 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 was the largest region in the social services market in 2021.
Child day care centres are leveraging technologies to facilitate parents to stay connected with their children. Many day care centres are using apps to provide video streaming of classroom activities and send pictures of kids to parents. This technology enables parents to monitor their child at the care centre by accessing videos and pictures of kids at child day care centres.
TBRC’s social services market report covers:
Major Market Players: University of California System, University of Pennsylvania, World Food Programme, University of Michigan, Stanford University, Harvard University, Columbia University, Cornell University, Yale University, and Massachusetts Institute of Technology.
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 (2016-21) and ten years forecast (2022-2026-2031)
The Social Services Global Market Report 2022 –Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides social services market overviews, analyses and forecasts market size, share, social services market players, social services market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s social services market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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