Civic Services Market & COVID-19 Impact Assessment 2020-2030 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Civic Services Global Market Report 2020-30: Covid 19 Impact and Recovery" report has been added to ResearchAndMarkets.com's offering.

The global civic services market is expected to decline from $966.8 billion in 2019 to $959.1 billion in 2020 at a compound annual growth rate (CAGR) of -0.8%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 5% from 2021 and reach $1,117.2 billion in 2023.

Asia-Pacific was the largest region in the global civic services market, accounting for 36% of the market in 2019. North America was the second largest region accounting for 32% of the global civic services market. Africa was the smallest region in the global civic services market.

Crowdfunding is rapidly becoming one of the most popular modes for individuals and businesses to raise money for a cause, project, or event. It is a process of raising capital through a large number of independent investors primarily via crowdfunding platforms and social networking websites. Crowdfunding includes funds raised through donation websites, online charity auctions, and giving by text. According to Massolution crowdfunding report 2015, the global crowdfunding industry expanded by 167%, from $6.1 billion in 2013 to $16.2 billion in 2014 in terms of funds raised. The industry more than doubled in 2015, reaching $34.4 billion.

Report Scope

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider civic services market, and compares it with other markets.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the Covid 19 virus and forecasting its recovery.
• Market segmentations break down market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of Covid 19 for all regions, key developed countries and major emerging markets.
• Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
• The civic services market section of the report gives context. It compares the civic services market with other segments of the services market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, civic services indicators comparison.

Companies Profiled

• Feeding America
• Southern Baptist Churches
• The Salvation Army
• UNICEF
• World Food Programme

For more information about this report visit https://www.researchandmarkets.com/r/ywcdm6