(EMAILWIRE.COM, February 08, 2019 ) The Business Research Companys religious organizations global market report, covers the year-on-year growth of the global religious organizations market historic and forecast growth. It also includes chapters on the religious organizations market trends, geographical analysis, and competitive landscape.
The religious organizations market size is expected to reach a higher value by 2022, growing at a steady CAGR during the forecast period.
Religious Organizations Market Trends:
The religious organizations market consists of the revenues of entities (organizations, sole traders and partnerships) that operate religious establishments, such as churches, religious temples, and monasteries, and/or administer an organized religion or promote religious activities. This market includes donations received by religious organizations.
Crowdfunding is rapidly becoming one of the most popular modes for religious organizations to raise funds. It is a process of raising capital through a large number of independent investors primarily via crowdfunding platforms and social networking websites. Crowdfunding includes funds raised through donation websites, online charity auctions, and giving by text. According to Massolution crowdfunding report 2015, the global crowdfunding industry expanded by 167%, from $6.1 billion in 2013 to $16.2 billion in 2014 in terms of funds raised. The industry more than doubled in 2015, reaching $34.4 billion.
The global religious organizations market is primarily driven by the increased involvement in religious activities by individuals as well as political authorities.
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The global religious organizations 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.
With increase in disposable income and increasing time spent volunteering by individuals, the global religious organizations market is expected to increase in potential and scope. TBRCs report also covers the religious organizations drivers and restraints in the market.
The global religious organizations markets 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 global religious organizations market report are The Salvation Army, Feeding America, Samaritan’s Purse, Food for the Poor, and Blessings International.
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