Global Social Services Market Report 2024: Size, Drivers, And Top Segments
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The social services market size has demonstrated strong growth, climbing from $5164.52 billion in 2023 to $5542.2 billion in 2024, with a compound annual growth rate (CAGR) of 7.3%. This growth in the historic period can be attributed to demographic changes, government policies, public awareness, growth in the nonprofit sector, and crisis response efforts. Looking forward, the market is expected to witness strong growth, reaching $7301.1 billion in 2028, with a CAGR of 7.1%. Growth in the forecast period can be attributed to increased mental health awareness, community engagement efforts, diversity, equity, and inclusion (DEI) initiatives, shifts in government funding, and integrated service models. Major trends in the forecast period include technology integration, digital transformation for outreach, data-driven decision-making, cross-sector collaboration, and the adoption of trauma-informed care practices.
Autism Spectrum Disorder (ASD) is a multifaceted developmental disability that typically manifests in early childhood, affecting an individual’s communication and interaction abilities. The Center for Disease Control and Prevention (CDC) has reported that in the US, 1 in 59 children receives a diagnosis of ASD. Studies emphasize the significance of early diagnosis and intervention for improved outcomes. Consequently, various autism research organizations are anticipated to increase investments in enhancing the condition. This will lead to the heightened training of social service employees, such as autism child care counselors, therapists, and psychologists, to cater to more individuals, ultimately generating increased revenues. Market sizes for autism-related services are projected to be $X billion in 2023, $Y billion in 2024, with an expected growth to $Z billion in 2028.
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What Are The Key Trends That Influence Social Services Market Share Analysis?
Child daycare centres are leveraging technologies to facilitate parents to stay connected with their children. Many daycare centers 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 center by accessing videos and pictures of kids at child daycare centers. For instance, in Canada, Trust Child Care Centers partnered with Parent Care Network to provide video over the internet to parents to help them monitor child activities at the daycare center. Bloomz, Eleyo, OnCare, myKidzDay, and KidCheck are some of the companies providing child care software, applications, and technologies utilized by care service providers.
Which Market Players Are Driving Growth In The Social Services Market?
Major companies operating in the social services market report are Lutheran Social Services of America, Catholic Charities USA, United Nations Children’s Fund, Rehabilitation Services Administration (RSA), United Way Worldwide, American Red Cross, Médecins Sans Frontières, Bright Horizons Family Solutions, KinderCare Education, World Vision International, Goodstart Early Learning, Save the Children, Food For the Poor Inc., illuminate VR Services Ltd., The Salvation Army, Habitat for Humanity International, Easterseals Arc, Naborforce Inc., Vocational Rehabilitation and Employment (VR&E), Vocational Rehabilitation Association (VRA), RISE Inc., Vocational rehabilitation of the handicapped person, Georgia Vocational Rehabilitation Agency, New York State Education Department, Adult Career and Continuing Education Services, Easterseals Oregon, Sanctuary Housing, CARE International, Doctors Without Borders, Oxfam International, The Village Family Service Center
How Is The Global Social Services Market Segmented?
The social services market covered in this report is segmented –
1) By Type: Educational Services, Social Assistance
2) By Type of Operator: Public Operator, Private Operator
3) 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
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The Social Services Global Market Report 2024 provides an overview of the social servicesmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The social services market forecast analyzes social services market size, social services market share, leading competitor and their market positions.
The Table Of Content For The Social Services Market Include
1. Social Services Market Executive Summary
2. Social Services Market Segments
3. Social Services Market Size And Template Market Growth Rate
4. Key Social Services Market Trends
5. Major Social Services Market Drivers
……
25. Key Mergers And Acquisitions In The Social Services Market
26. Top Social Services Companies
27. Social Services Market Opportunities And Strategies
28. Social Services Market, Conclusions And Recommendations
29. Appendix
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