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(MoneyNewsWire.Net, July 06, 2018 ) The social assistance industry includes establishments that provide a wide range of social assistance services to their clients. It includes child day care services, community food housing and relief services, and individual and family services. These services do not include residential or accommodation services, except on a short-day basis.
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The global social assistance market is valued at around $1 Trillion In 2017 is due to the rapid growth in increasing number of women employees globally, establishment of new corporate child care and adult social assistance centres, increasing incidences of natural calamities such as floods, earthquakes, tsunami, government funding in developing nations and utilization of digital technologies in day care centres are going to boost the market.
The market in the report is segmented into: community & individual services and child day care services.
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China was the largest country in the social assistance market in 2017, accounting for around one-fifth of the market share. This was mainly due to the large population and economy and presence of a large number of establishments providing child day care services and community and individual services in the country. China was followed by the USA and India.
The top five competitors in the market made up around 2% of the total market in 2017. Bill & Melinda Gates Foundation was the largest competitor, followed by World Food Programme, UNICEF, The Salvation Army and Feeding America. Bill & Melinda Gates Foundation was the largest organization in the social assistance market in 2017, with 0.51% share of the market. 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 extreme poverty.
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