Social Services Global Market Is Valued At Around $3 Trillion In 2017 According To TBRC’s Latest Report

17/lug/2018 07:45:01 tbrc Contatta l'autore

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Social services are voluntary benefits and facilities related to education, food supplies, education, health care, disaster relief activities and housing services and are offered by private or government establishments to improve living conditions and social welfare and the poor in a community .

Read More: https://www.thebusinessresearchcompany.com/report/social-services-global-market-report-2018

The global social services market is valued at around $ 3 trillion in 2017 due to increasing government funding for developing countries. Also use of technology in child care centers and increasing applications of digital learning platforms are expected to boost the market during the forecast period.

In the report, the global social services market is divided into two segments. Educational services occupy the major share, 62% of the market and the remaining is attributed to the social assistance segment.

Sample Report: https://www.thebusinessresearchcompany.com/sample.aspx?id=314&type=smp

China was the largest country in the social services market in 2017, accounting for one-fifth of the market share. This was a large number of educational institutions, children's day care centers and other social services establishments catering to a large population in the country.

This market is highly fragmented and localized with the top five competitors in the market making up 0.8% of the total market in 2017. Large proportion is included within state budgets. Bill & Melinda Gates Foundation was the largest competitor of the market, followed by the World Food Program and UNICEF. The Gates Foundation is a private foundation founded by Bill and Melinda Gates in 2000. In developing countries, it focuses on improving people's health and eradicate hunger and poverty.

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