The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

 

 

The Business Research Company’s Social Assistance Global Market Report 2023 offers crucial insights into the social assistance market help businesses analyse and build stronger strategies.

 

 

The social assistance market has witnessed substantial growth in recent years, marking a surge from $1,725.74 billion in 2023 to a projected $1,834.24 billion in 2024. This significant Compound Annual Growth Rate (CAGR) of 6.3% is attributed to various factors shaping the market, including social welfare programs, economic conditions, the aging population, and the provision of healthcare services.

 

Drivers of Historic Growth

• Social welfare programs
• Economic factors
• Aging population
• Healthcare services

 

A Promising Future

Anticipating continued growth, the social assistance market is expected to reach $2,320.58 billion in 2028, with a CAGR of 6.1%. The forecasted growth is fueled by demographic shifts, economic recovery and resilience, the expansion of mental health services, childcare services, and substance abuse and addiction services.

 

 

Forecasted Growth Catalysts

• Demographic shifts
• Economic recovery and resilience
• Mental health services
• Childcare services
• Substance abuse and addiction services

 

 

Read The Full Social Assistance Market Report Here:
https://www.thebusinessresearchcompany.com/report/social-assistance-global-market-report

 

 

Women’s Employment as a Driving Force

The expected increase in women’s employment rates is poised to be a significant driver for the social assistance market. For instance, the share of women in the U.S. labor force is projected to increase by 47.2% in 2024. This rise in women’s employment is driving the demand for on-site childcare facilities at corporations. Government initiatives supporting women’s participation in the workforce will further contribute to the growth of the childcare market, consequently boosting the social assistance market.

 

 

Key Market Players

• United Nations World Food Program
• The Salvation Army International Trustee Co
• United Nations International Children’s Emergency Fund
• Bright Horizons Family Solutions Inc.
• Sanctuary Housing
• KinderCare Learning Centers LLC
• Food For The Poor Inc.
• Humane Society of the United States
• The Trevor Project Inc.
• St. Jude Children’s Research Hospital Inc.
• Big Brothers Big Sisters of America
• Amyotrophic Lateral Sclerosis Association
• The Michael J. Fox Foundation for Parkinson’s Research
• The Leukemia & Lymphoma Society Research Programs Inc.
• Alzheimer’s Disease and Related Disorders Association Inc.

 

 

Data-Driven Assistance

Social assistance providers are increasingly embracing data analytics, employing big data and predictive analytics to gain insights into their services. Predictive analytics involves using data, statistical algorithms, and machine learning to identify future outcomes based on historical data. Big data analytics extracts hidden patterns and useful information from large datasets. These approaches aid in reporting, detecting, or correcting non-compliance while monitoring target populations.

 

 

Real-World Applications

• Hillside Family of Agencies: Reducing high school dropout rates with predictive analytics.
• Good Samaritan Society: Leveraging IBM’s big data and analytics software for clinical and operational data about patients.

 

 

Market Segmentation

1. By Type:
   • Child Day Care Services
   • Community And Individual Services
2. By Mode:
   • Online
   • Offline
3. By Application:
   • Food Stamp Program
   • Disaster Relief Services
   • Adoption Services
   • Self-help

 

 

Regional Dominance

In 2023, Western Europe emerged as the largest region in the social assistance market, showcasing the global impact of these services with diverse markets contributing to overall growth.

 

 

Get A Free Sample On The Global Social Assistance Market Report:
https://www.thebusinessresearchcompany.com/sample_request?id=1949&type=smp

 

 

The Social Assistance Global Market Report 2024  provides a comprehensive outlook of the social assistance market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The social assistance market forecast offers a thorough analysis on social assistance market size, social assistance market share, prominent players and their strategies.

 

 

The Table Of Content For The Social Assistance Market Include:

1. Social Assistance Market Executive Summary
2. Social Assistance Market Segments
3. Social Assistance Market Size And Social Assistance Market Growth Rate
4. Key Social Assistance Market Trends
5. Major Social Assistance Market Drivers
……
25. Key Mergers And Acquisitions In The Social Assistance Market
26. Top Social Assistance Companies
27. Social Assistance Market Opportunities And Strategies
28. Social Assistance Market, Conclusions And Recommendations
29. Appendix

 

 

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