Major companies in the NGO and charity market include Unicef, Feeding America, American Red Cross, Open Society Foundations, William and Flora Hewlett Foundation, Wellcome Trust, Ford Foundation, World Wide Fund for Nature.
New York, 15 Feb. 2022 (GLOBE NEWSWIRE) — Reportlinker.com Announces Release of “NGOs And Charitable Organizations Global Market Report 2022” – https://www.reportlinker.com/p06229742/?utm_source=GNW
The global NGO and charity market is expected to grow from $267.54 billion in 2021 to $291.03 billion in 2022 at a compound annual growth rate (CAGR) of 8.8%. The growth is mainly due to companies reorganizing their operations and recovering from the impact of COVID-19, which had previously led to restrictive containment measures involving social distancing, remote working and the closure of business activities that resulted in operational challenges. The market is expected to reach $390.63 billion in 2026 with a CAGR of 7.6%.
The NGO and Charitable Organizations market consists of the sale of NGO and charitable services by entities (organizations, sole proprietorships and partnerships) involved in grant-making foundations or charitable trusts and establishments whose principal activity consists of raising funds for a wide range of social welfare activities, such as health, educational, scientific and cultural activities. The NGO and charity market is segmented into trusts and foundations; voluntary health organizations; human rights organizations; environmental, conservation and wildlife organizations; and other NGOs and charities.
The main types of NGOs and charities are trusts and foundations, voluntary health organizations, human rights organizations, environmental, conservation and wildlife organizations, other NGOs and charities. Trusts and foundations are private business organizations that donate money to charitable causes, including the arts.
The different modes of donations include online, offline and involve various organizational sites such as national and international.
NGOs and charities are increasingly investing in customer relationship management (CRM) software to track donations and manage donor contact information. CRM software offers multiple features such as email, phone, activity tracking, customer communication and others in one system without having to use multiple software tools.
The CRM software also provides efficient data management and secure storage of donor contact information using cloud and encryption technology. According to the Global NGO Technology Report, 45% of NGOs surveyed use CRM software to track donations and manage donor communications.
For example, the Bill & Melinda Gates Foundation, a charitable foundation, uses SpringCM for document management and Salesforce for customer relationship management.
Asia-Pacific was the largest region in the NGO and charity market in 2021. North America was the second largest region in the NGO and charity market.
Regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered by the NGO and Charity Market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland. , Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, United Arab Emirates, United Kingdom, United States, Venezuela and Vietnam.
Read the full report: https://www.reportlinker.com/p06229742/?utm_source=GNW
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