Social Services Global Market Insights As Per TBRC’s Latest Report

The Business Research Company’s global social services market analysis covers the year-on-year growth of the global social services market historic and forecast growth. It also includes chapters on the social services market trends, geographical analysis, and competitive landscape.

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The global social services market is forecast to grow at a CAGR (compound annual growth rate) of around 7.5% to 2020.

Social Services Market Segmentation

According to TBRC’s global social services market research, the market is split by segments into Educational Services and Social Assistance.

Education Services segment includes organizations and establishments providing training and instructions in a wide variety of subjects. The instruction and training is typically provided in schools, colleges, universities, and training centers. It is the largest segment with about 65% of market share.

Social Assistance segment includes establishments that provide a wide range of social assistance services to their clients. It includes child day care services, community food housing and relief services, and individual and family services.

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Although social assistance was the smaller segment, it is forecast to grow at a higher CAGR of more than 8%, and education services segment which is the largest segment is forecast to grow at around 6.5%. This was due to increasing demand for social services in both developed and developing countries, economic growth, rising disposable income, advancements in technologies for day care for children and adults, establishment of food banks in developed nations and public funding to support social initiatives.

The global social services market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.

The global educational services and social assistance market’s segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.

The top companies included in the report are Bill & Melinda Gates Foundation, World Food Programme, Unicef, University of California System and The Salvation Army.

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