NGOs And Charitable Organizations Market Size, Share, Growth, and Industry Analysis by Type (Voluntary Health Organizations, Human Rights Organizations, Environment, Conservation, And Wildlife Organizations, and Others) By Application (Domestic and International) Regional Forecast From 2024 To 2031

NGOS AND CHARITABLE ORGANIZATIONS MARKET REPORT OVERVIEW 

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The global NGOs and charitable organizations market size was USD 327150 million in 2022 and the market is expected to reach USD 787450.4 million in 2031, exhibiting a CAGR of 9.18% during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with NGOs and charitable organizations experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels.

The NGOs and charitable organizations market consists of the sales of NGO and charitable services by organizations (organizations, sole proprietors, and partnerships), charitable trusts, and establishments that are primarily involved in raising money for a variety of social welfare activities, such as health, educational, scientific, and cultural activities. Trusts and foundations, volunteer health organizations, human rights groups, organizations for the environment, conservation, and the protection of wildlife, as well as other NGOs and charitable organizations, are the primary categories of NGOs and charitable organizations. The numerous donation methods include online and offline methods and involve both domestic and foreign organizations.

To track donations and handle donor contact information, NGOs and charitable organizations are increasingly investing in customer relationship management (CRM) software. Without having to use numerous software tools, CRM software delivers a variety of functionalities in a single system, including email, phone, activity tracking, customer communication, and others. Utilizing cloud and encryption technology, CRM software also offers effective data management and safe donor contact information storage. In order to keep track of donations and handle donor communications, 45% of the NGOs surveyed used CRM software, according to the Global NGO Technology Report.

COVID-19 Impact: Halt on Manufacturing Operations to Slower Market Growth   

The company’s restructuring their operations and recovering from the COVID-19 impact, which had earlier resulted in restrictive containment measures involving social estrangement, remote work, and the closure of commercial activities that resulted in operational challenges, are primarily responsible for the NGOs and charitable organizations market growth.

LATEST TRENDS

"Rise in Crowd Funding Platforms to Boost Market Growth"

For the NGOs and charitable organizations market, market-trend-based strategies include integrating mobile technologies and applications to streamline the donation process, considering crowd-funding platforms to draw more investments, considering investing in CRM software to improve donor communications, considering partnering with corporations to bring about transformative change, and considering investing in predictive and descriptive analytics to generate actionable insights. One of the most popular ways for NGOs and humanitarian groups to raise money is quickly emerging as crowd fundraising. Crowdfunding is a method of generating money from several independent investors largely through crowd financing platforms and social networking websites. It makes use of the wide networks of individuals that are easily accessible through social media and crowdfunding websites.

NGOS AND CHARITABLE ORGANIZATIONS MARKET SEGMENTATION

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• By Type Analysis

As per the type, the market is classified as follows: Voluntary Health Organizations, Human Rights Organizations, Environment, Conservation, And Wildlife Organizations, and Others. The NGOs and charitable organizations market share lead with the voluntary health organizations.

• By Application Analysis

Based on application, the market is segmented as follows: Domestic and International. The domestic segment dominates the NGOs and charitable organizations market share.

DRIVING FACTORS

"Strong Emerging Corporative Initiatives to Facilitate Market Development"

Corporate social responsibility initiatives will help the NGOs and charitable organizations market expansion. The idea of corporate social responsibility (CSR) calls on businesses to include social and environmental considerations in their daily operations and interactions with stakeholders. Corporate social responsibility is being prioritized by businesses as part of their mission to support social causes. For instance, the Bill & Melinda Gates Foundation, a nonprofit organization, employs Salesforce for customer relationship management and SpringCM for document management.

"Rising Environmental Consciousness to Promote Industry Progress"

Future NGOs and charitable organizations market growth will be fueled by rising environmental consciousness, rising internet usage, rising corporate social responsibility, and economic expansion. Because it is more convenient for contributors, mobile technology is being utilized more and more to donate to organizations. Charitable groups that provide civic services can more effectively communicate with their supporters and generate money fast and conveniently thanks to mobile technologies like smartphone applications. A mobile app with a button that may take users directly to a donation screen can make supporting your organization considerably quicker and more effective. NGOs and charitable organizations frequently urge their supporters to use mobile applications to make donations.

RESTRAINING FACTORS

"Geopolitical Tension to Hinder Market Growth"

Geopolitical tensions, strict restrictions, and other factors could limit the future growth of the NGOs and charitable organizations market. The effects of geopolitical unrest are anticipated to make donations to NGOs and charitable organizations more difficult. For instance, given the economic uncertainties brought on by Brexit (the UK's decision to leave the European Union), donors may find it more challenging to commit to significant gifts and lengthy charitable initiatives. It's possible that UK charities won't receive enough funds from the EU. The expansion of NGOs and charitable organizations market will be constrained by geopolitical tensions.

NGOS AND CHARITABLE ORGANIZATIONS MARKET REGIONAL INSIGHTS 

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"Increase in Social Responsibilities to Propel Market Progress in North America"

With 29% of the global NGOs and charitable organizations market, North America was the second-largest area. Corporate social responsibility is being prioritized by businesses as part of their mission to assist societal causes. In addition, millennials favor affiliation with companies that support social concerns. Companies are spending more on CSR as a result of this. For instance, as part of its 2025 responsibility goals, American multinational food products business Sysco plans to donate 200 million meals and $50 million to nearby communities. In the future, increasing CSR will have a positive effect on the NGOs and charitable organizations market.

KEY MARKET PLAYERS

"Market Players Focus on New Product Launches to Strengthen Market Position"

Leading players in the market are adopting various strategies to expand their presence in the market. These include R&D investments and the launch of new, technologically-advanced products in the market. Some companies are also adopting strategies such as partnerships, mergers, and acquisitions to strengthen their market position.   

LIST OF TOP NGOS AND CHARITABLE ORGANIZATIONS COMPANIES

• Friends of Nature (FON) (China)
• HelpAge India (India)
• KISS Foundation (India)
• Sightsavers (U.K)
• The American Red Cross (U.S.)
• Médecins Sans Frontières (Switzerland)
• Goonj (India)
• Bill & Melinda Gates Foundation (U.S.)
• Educate Girls (India)
• Sammaan Foundation (India)
• Natural Resources Defense Council (U.S.)
• Child Rights and You (CRY) (India)
• UNICEF USA (U.S.)
• China Primary Health Care Foundation (China)
• Nanhi Kali (U.S.)
• China Youth Development Foundation (CYDF) (China)
• Smile Foundation (India)
• AmeriCares (U.S.)
• Direct Relief (U.S.)
• Shanghai Charity Foundation (China)
• Global Village of Beijing (GVB) (China)
• The Nature Conservancy (U.S.)
• Feed the Children (U.S.)
• Care India (India)
• Akshaya Patra Foundation (India)
• Slum Soccer (India)
• Pratham Education Foundation (India)
• The Rotary Foundation (India)
• GiveIndia Foundation (India)

REPORT COVERAGE

The report covers overall market aspects, including market segmentation based on its type and application. The report depicts a diverse group of participants that includes the market and the potential market leaders. Major factors that are expected to drive major growth in the market. The factors anticipated to expand the market share are also included in the report to offer market insights. The estimated growth of the market in the forecast period is also included in the report. The regional analysis is completed to explain the region's dominance in the global market. The factors hindering the growth of the market are discussed in detail. The SWOT analysis of the market is depicted in the report. It contains all-inclusive market details.