(EMAILWIRE.COM, December 13, 2018 ) The global social assistance market, a part of the healthcare industry, grew at a compound annual growth rate (CAGR) of around 7% during the historic period. The healthcare industry showed a steady growth. The growth is mainly due to increased demand for child care and community food services globally, rapid urbanization, increasing disposable income, new government initiatives in emerging economies and increasing awareness about social assistance services.
In the forecast period, the global social assistance market size is expected to be over $1 trillion by 2021, growing at a CAGR of nearly 8%. This is expected due to increasing number of women employees globally, establishment of new corporate child care and adult social assistance centers, increasing incidences of natural calamities such as floods, earthquakes, tsunami, government funding in developing nations and utilization of digital technologies in day care centers are going to boost the market during the forecast period. Furthermore, rising population, increase in dispensable income, and increasing per capita incomes are expected to drive the global gastrointestinal drugs market in the future.
Find TBRCs report on the Social Assistance Market: http://www.thebusinessresearchcompany.com/report/social-assistance-global-market-report-2018
Many social service organizations are running crowd funding campaigns to raise funds to provide basic facilities to low income group population and foster kids. Crowd funding is raising money from a large number of individuals for a social cause through the internet. The funds raised from these campaigns are typically used to arrange for clothes, food, provide education and to enable individuals and couple to adopt children. Major companies in the social assistance market, offering telematics technology include Bill & Melinda Gates Foundation, World Food Programme, Unicef, The Salvation Army, Feeding America, Bright Horizons Family Solutions, W.K. Kellogg Foundation Trust, Food For Poor, Sanctuary Housing, Learning Care Group.
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