Categories: Market Research

NGOs And Charitable Organizations Market Growth Trajectory Through 2024-2033

The NGOs And Charitable Organizations 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 NGOs And Charitable Organizations, The ngos and charitable organizations market size has grown strongly in recent years. It will grow from $313.29 billion in 2023 to $331.66 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to strong emerging markets growth, rise in household disposable income, corporate-ngo partnerships and increase in public donations.

The ngos and charitable organizations market size is expected to see strong growth in the next few years. It will grow to $411.19 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to increasing corporate social responsibility, rising environmental awareness, increasing use of internet and economic growth. Major trends in the forecast period include incorporating mobile technologies and applications to simplify the process of charitable donations, considering crowd funding platforms to attract more investments, consider investing in crm software to improve donor communications, consider partnering with corporates to bring about transformative change, investing in predictive and descriptive analytics to generate actionable insights, investing in drone technology for safe and efficient monitoring of wildlife and adopting to virtual fundraiser or campaigns.

Increasing corporate social responsibility is expected to contribute to the growth of the NGOs and charitable organizations market going forward. Corporate Social Responsibility (CSR) is a concept, in which the companies integrate social and environmental concerns in their business operations and interactions with their stakeholders. Companies are increasingly prioritizing corporate social responsibility as a part of their vision to support social causes. Besides, millennials prefer to be associated with brands that are committed to social causes. This is increasing companies’ CSR expenditure. For instance, in June 2023, according to Zipdo, a US-based online directory, companies that focus on environmental, social, and governance (ESG) factors tend to outperform industry peers by 4.8% annually. Additionally, 76% of companies report on CSR as a way to reduce brand reputation risk, and 64% of CEOs believe that CSR is core to their business strategy. Therefore, increasing CSR is expected to positively influence the market for NGOs and charitable organizations, driving market growth in the forecast period.

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The ngos and charitable organizations market covered in this report is segmented –

1) By Type: Trust And Foundations, Voluntary Health Organizations, Human Rights Organizations, Environment, Conservation And Wildlife Organizations, Other NGOs And Charitable Organizations

2) By Mode of Donation: Online, Offline

3) By Organisation Location: Domestic, International

Major companies operating in non-governmental organizations and charitable organizations market are introducing innovative tools such as Payroll Core to provide reliable services for intergovernmental and nongovernmental organizations. Payroll Core is comprehensive payroll solutions that can help organizations manage their payroll processes efficiently. For instance, in September 2021, Oracle, a US-based software company launched Payroll Core. This enables organizations to easily configure payroll to meet both local and international pay rules in a single system and allows organizations to meet unique business requirements not addressed with traditional payroll solutions.

The ngos and charitable organizations market report table of contents includes:

Executive Summary
NGOs And Charitable Organizations Market Characteristics
NGOs And Charitable Organizations Product/Service Analysis -Product/Service Examples
NGOs And Charitable Organizations Market Trends And Strategies
NGOs And Charitable Organizations Market – Macro Economic Scenario