Worldwide Social Services Market In-Depth Qualitative Insights 2020
The Business Research Company’s latest report Social Services Global Market Report 2020 covers Social Services market drivers, Social Services market trends, Social Services market segments, Social Services market growth rate, Social Services market major players, and Social Services market size. The report provides in-depth analysis of the impact of COVID-19 on the Social Services industry, along with revised market numbers due to the effects of the coronavirus.
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Social Services Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global social services market is expected to grow from $4598.9 billion in 2019 to $4796.5 billion in 2020 at a compound annual growth rate (CAGR) of 4.3%. The low growth is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 9% from 2021 and reach $6149.9 billion in 2023.
The global social services market is segmented by type into educational services, social assistance, by type of operator into public operator, private operator. Subsegments covered are other educational services, colleges, universities, and professional schools, elementary and secondary schools, child day care services, community and individual services.
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