The Business Research Company Global NGO and Charities Market Report 2022: Market Size, Trends and Forecast to 2026
LONDON, GREATER LONDON, United Kingdom, Aug. 29, 2022 /EINPresswire.com/ — According to The Business Research Company’s Global NGO and Charity Market Report 2022, the size of the NGO and Charity Market is expected to to grow from $267.54 billion in 2021 to $291.03 billion in 2022 at a compound annual growth rate (CAGR) of 8.8%. NGO and Charity Market growth is primarily driven by enterprises who are reorganizing their operations and recovering from the impact of COVID-19, which had previously led to restrictive containment measures involving social distancing, remote working and the closure of business activities which led to operational challenges. The NGO and Charity Organizations market is expected to reach $390.63 billion in 2026 with a CAGR of 7.6%.
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Key NGO and Charity Market Trends
NGO and charity market trends include increasing investments in customer relationship management (CRM) software to track donations and manage donor contact information. CRM software offers multiple features such as email, phone, activity tracking, customer communication and others in one system without having to use multiple software tools. CRM software also provides efficient data management and secure storage of donor contact information using cloud and encryption technology, which is expected to shape the outlook for the NGO and charity sector. According to the Global NGO Technology Report, 45% of NGOs surveyed use CRM software to track donations and manage donor communications. For example, the Bill & Melinda Gates Foundation, a charitable foundation, uses SpringCM for document management and Salesforce for customer relationship management.
Overview of the NGO and Charity Market
The NGO and Charitable Organization market consists of the sale of NGO and charitable services by entities (organizations, sole proprietorships and partnerships) involved in grant-making foundations or charitable trusts and establishments whose principal activity consists of raising funds for a wide range of social welfare activities, such as health, educational, scientific and cultural activities.
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TBRC Global NGOs and Charities Market Report 2022 covers the following insights:
Market Size Data
• Forecast period: historical and future
• By region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, United States, South America, Middle East and Africa.
• By country: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, United Kingdom, USA.
• By type: trusts and foundations, voluntary health organizations, human rights organizations, environmental, conservation and wildlife organizations, other NGOs and charities
• By donation mode: online, offline
• By place of organization: national, international
• By geography: The global NGO and charity market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific holds the largest market share.
Major market players such as Unicef, Feeding America, American Red Cross, Open Society Foundations, William and Flora Hewlett Foundation, Wellcome Trust, Ford Foundation, World Wide Fund for Nature.
Trends, opportunities, strategies and much more.
The Global NGO and Charities Market Report 2022 is one of the comprehensive reports by The Business Research Company that provides an overview of the global NGO and Charities Market. The market report analyzes the global NGO and Charities market size, the global NGO and Charities market growth drivers, the global NGO and Charities market segments, the main players in the NGO market. and charities, NGO and charity market growth across geographies, and NGOs and charities. organizations in the competitor revenue market and market positioning. The NGO and Charities Market report allows you to gain insight into opportunities and strategies, as well as identify countries and segments with the highest growth potential.
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