The Social Sciences And Humanities 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 Sciences And Humanities Services Global Market Report 2024, The social sciences and humanities services market size has grown rapidly in recent years. It will grow from $56.39 billion in 2023 to $62.41 billion in 2024 at a compound annual growth rate (CAGR) of 10.7%. The growth in the historic period can be attributed to educational expansion and research funding, demand for policy research and analysis, globalization and cross-cultural studies, increased focus on mental health and well-being, social impact assessment requirements.
The social sciences and humanities services market size is expected to see rapid growth in the next few years. It will grow to $98.61 billion in 2028 at a compound annual growth rate (CAGR) of 12.1%. The growth in the forecast period can be attributed to growing in education sector, expansion of social services programs, increasing focus on diversity and inclusion, rising interest in environmental and sustainability studies, policy responses to social challenges. Major trends in the forecast period include community-engaged research practices, incorporation of ethical ai practices in research, emphasis on global challenges and sustainable development goals (sdgs), rise of online and virtual research conferences, integration of mixed-methods research approaches.
The growing need to understand human behavior, identify societal problems, and find their solutions is driving the social sciences and humanities services market. Behavioral analysis is needed to look for solutions to social, business, personal, governmental, and environmental problems. They help in knowing people’s perceptions, motivation, and priorities, their decision-making methods, and their learned habits, which are unconsciously controlled. According to behavioral studies, it is found that people end up doing what is more convenient. For instance, a study on State of Consumer Behavior 2021 report, published by Raydian found that, in terms of choosing where to give their business, 25.5% of customers listed convenience as the second most significant factor after price. The need to understand human behavior to know society and find solutions is therefore driving the social sciences and humanities services market.
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The social sciences and humanities services market covered in this report is segmented –
1) By Type: Archeological Research And Development Services, Sociology Research And Development Services, Behavioral Research And Development Services, Economic Research And Development Services, Humanities Research And Development Services, Social Science Research And Development Services, Other Research And Development Services
2) By Mode: Online, Offline
3) By Provider: Large Enterprise, Small and Medium Enterprise
Methodological advancements such as big data are a major trend gaining popularity in the social sciences and humanities services market. Researchers can access real-time and fine-grained data in growing amounts across the globe. Different sources are becoming the medium for data, such as social media and mass media activities, event data, and geographic information systems. Although only a small group of social scientists are using big data simulation for research, establishing a formal institution that provides the required environment will encourage more researchers to use big data for simulation.
The social sciences and humanities services market report table of contents includes:
1. Executive Summary
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