Growth of the NGO and charity industry is driven by business

NGO and Charity Market – Opportunities, Trends and Strategies – Global Forecast to 2030

NGO and Charity Market by The Business Research Company – Opportunities, Trends and Strategies – Global Forecast to 2030

LONDON, GREATER LONDON, UK, Dec. 10, 2021 /EINPresswire.com/ — Strengthening corporate social responsibility will help grow the NGO and charity market. Corporate social responsibility (CSR) is a concept in which companies integrate social and environmental concerns into their business operations and their interactions with their stakeholders. Companies are increasingly prioritizing corporate social responsibility as part of their vision to support social causes. In addition, millennials prefer to be associated with brands committed to social causes. This increases corporate CSR spending. For example, Sysco, an American multinational food company, as part of its 2025 sustainability goals, will donate 200 million meals and contribute $50 million to local communities. The increase in CSR will have a positive impact on the NGO and charity market in the future.

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The size of the global NGO and charity market reached a value of nearly $253.34 billion in 2020 at a rate of -0.9%. The decline is mainly due to the lockdown and social distancing standards imposed by various countries and the economic downturn in all countries due to the COVID-19 outbreak and measures to contain it. The market is expected to reach $325.65 billion in 2025 with a CAGR of 5.2% and $411.19 billion in 2030 with a CAGR of 4.8%.

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The major players covered in the global NGO and charity sector are Bill & Melinda Gates Foundation, Direct Relief, Doctors Without Borders, AmeriCares, American Red Cross.

NGOs and charities are increasingly using predictive and descriptive analytics to generate actionable insights from data. These organizations use descriptive analytics for simple reporting or to detect non-compliance after transactions are completed. Predictive analytics can improve understanding of the relative effectiveness of different programs so that resources can be targeted intelligently for better results. For example, Operation Red Alert, an Indian NGO that fights human trafficking, has partnered with Quantium, an Australian analytics company, to better understand human trafficking.

The TBRC Global NGO & Charitable Organizations Market report is segmented by Type into Trusts & Foundations, Voluntary Health Organizations, Human Rights Organizations, Environment, Conservation & wildlife, other NGOs and charities, by mode of donation online, offline, by location of the organization in national, international.

NGO & Charitable Organizations Market – By Type (Trust & Foundations, Voluntary Health Organizations, Human Rights Organizations, Environmental, Conservation & Wildlife Organizations, Other – NGO & Charities), By Giving Mode (Online, Offline), By Organization Location (Domestic, International), And By Region, Opportunities, Trends And Strategies – Global Forecast To 2030 is part of a series of new reports from The Business Research Company which provides NGO and Charity Organization market overview, forecasts NGO and Charity Organization market size and growth for overall NGO and Charity Organization market, market segments and geographies , NGO & Charity Market Trends, NGO & Charity Market Drivers, NGO & Charity Market Constraints s, revenue of major competitors, profiles and market shares of NGOs and charities.

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