The Social Services Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Social Services Global Market Report 2024, The social services market size has grown strongly in recent years. It will grow from $5164.52 billion in 2023 to $5542.2 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to demographic changes, government policies, public awareness, nonprofit sector growth, crisis response.
The social services market size is expected to see strong growth in the next few years. It will grow to $7301.1 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to mental health awareness, community engagement, diversity, equity, and inclusion (dei) initiatives, government funding shifts, integrated service models. Major trends in the forecast period include technology integration, digital transformation for outreach, data-driven decision-making, cross-sector collaboration, trauma-informed care.
Autism Spectrum Disorder (ASD) is a complex developmental disability. Symptoms of this disorder typically appear during early childhood and affect a person’s ability to communicate and interact with others. The Center for Disease Control and Prevention (CDC) reported that 1 in 59 children are diagnosed with an autism spectrum disorder (ASD) in the US. Studies show that early diagnosis and intervention lead to significantly improved outcomes. To address this, many autism research organizations are expected to invest more time and money in the betterment of this condition. Training social service employees for autism child care counselors, the number of therapists, and psychologists will increase and they are expected to serve more individuals and eventually generate more revenues.
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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
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.
The social services market report table of contents includes:
1. Executive Summary
- Social Services Market Characteristics
- Social Services Product/Service Analysis -Product/Service Examples
- Social Services Market Trends And Strategies
- Social Services Market – Macro Economic Scenario
. - Global Social Services Market Competitive Benchmarking
- Global Social Services Market Competitive Dashboard
- Key Mergers And Acquisitions In The Social Services Market
- Social Services Market Future Outlook and Potential Analysis
- Appendix
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