The NGO and charity market is integrating mobile technology for convenience and efficiency
NGO and Charity Market by The Business Research Company 2022 – Opportunities and Strategies – Global Forecast to 2030
LONDON, GREATER LONDON, UK, July 5, 2022 /EINPresswire.com/ — Mobile technology is increasingly being used to donate to charity as it is more convenient for donors. Mobile technologies such as mobile apps allow civic service establishments such as charities to better connect with their supporters and raise funds quickly and easily. A mobile app can help make donating to your charity much faster and more efficient, with a button that can take users directly to a donation screen. Charities often encourage their supporters to donate using mobile apps.
Increasing corporate social responsibility will contribute to the growth of the NGO industry and charities. Corporate social responsibility (CSR) is a concept in which companies integrate social and environmental concerns into their business operations and their interactions with their stakeholders. Companies are increasingly prioritizing corporate social responsibility as part of their vision to support social causes. In addition, millennials prefer to be associated with brands committed to social causes. This increases corporate CSR spending. For example, Sysco, an American multinational food company, as part of its 2025 sustainability goals, will donate 200 million meals and contribute $50 million to local communities. According to the analysis of the NGO and charity market, the increase in CSR will have a positive impact on the NGO and charity market in the future.
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The size of the NGO and charity market is expected to grow from $329.30 billion in 2020 to $457.80 billion in 2025 at a rate of 6.8%. The market share of NGOs and charities is then expected to grow at a CAGR of 4.9% from 2025 and reach $528.10 billion in 2030.
The major players covered in the global NGO and charity sector are Bill & Melinda Gates Foundation, Direct Relief, Doctors Without Borders, AmeriCares, American Red Cross.
TBRC’s NGO & Charitable Organizations market report is segmented by Type into Trusts & Foundations, Voluntary Health Organizations, Human Rights Organizations, Environment, Conservation & Wildlife Organizations , others – NGOs and charities, by donation online, offline, by location of organization in national, international.
NGO & Charitable Organizations Market 2022 – By Type (Trust & Foundations, Voluntary Health Organizations, Human Rights Organizations, Environmental, Conservation & Wildlife Organizations), By Donation Mode (In online, offline), by organization location (domestic, international) and by region, opportunities and strategies – Global Forecast To 2030 is part of a series of new reports from The Business Research Company that provides market insights into NGOs and Charities, forecasts the size and growth of the NGO and Charities market for the overall market, the NGO and Charities market segments, geographies, NGO and Charities market trends, NGO and Charities Market Drivers, Constraints, Revenue, Key Competitor Profiles and Market Share.
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